Corporate Law Reporter - The Daily Journal

Voluntary payment of duty before final assessment- CBEC

Circular N0. 40/2011- Custom F.No. 528/33/2011-STO (TU) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs 299-A, North Block, New Delhi, 9th September, 2011. To All Chief Commissioners / Commissioners of Customs / Customs (Prev.), All Chief Commissioners / Commissioner of Customs & Central Excise, All Directors General under CBEC.… Read More

Strong International Collaboration to Ensure the Safety and Health of Workers at Work Place all Over the World

Union Labour and Employment Minister Shri Mallikarjun Kharge has called for strong international collaboration to ensure the safety and health of workers at work place all over the world. Mr Kharge was addressing the Ministerial Summit at the 19th World Congress on Safety and Health at Work in Istanbul, Turkey on 11th September, 2011. The… Read More

Imposition of final anti-dumping duty on imports of Para Nitroaniline- CBEC

TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 88/2011-Customs New Delhi, dated the 9th September, 2011 G.S.R. (E).-Whereas, in the matter of import of Para Nitroaniline (hereinafter referred to as the subject goods), falling under sub-heading 29214226 of the First Schedule… Read More

Ten Action Points to improve Customer Service of Banks- RBI

Ten Action points emerging out of the Banking Ombudsman Conference 1. Indian Banks™ Association (IBA) will standardise most important terms and conditions (MITC) for at least ten important banking transactions and circulate among banks for adaptation. 2. Banks would initiate the process of providing one view of all bank accounts of a customer including deposits,… Read More

Bank penalised for non compliances

The Reserve Bank of India has imposed a penalty of Rs.10 lakh (Rupees Ten Lakh only) on Credit Agricole Corporate & Investment Bank and a penalty of Rs. Five lakh (Rupees five lakh only) on Karnataka Bank Limited for non-compliance with its directives on derivatives. The penalty on Credit Agricole Corporate & Investment Bank has… Read More

Filing of a few forms by Defaulting Companies

General Circular No. 63/2011; GOI;MCADated 6th Sept, 2011 All Regional Director, All Registrars of Companies. Subject: Compliance of the provisions of Companies Act, 1956 and Rules made thereunder The Ministry has issued General Circular No. 33/2011 dated 01.06.2011 wherein it was informed that in order to ensure corporate governance and proper compliance of provisions of Companies Act, 1956,… Read More

Guidelines on Base Rate

RBI/2011-12/170 DBOD.Dir.BC.34 /13.03.00/2011-12 All Scheduled Commercial Banks (excluding RRBs) Dear Sir / Madam Guidelines on Base Rate Please refer to our circular No. DBOD.Dir.BC.88/13.07.001/2009-10 dated April 9, 2010 and our letter DBOD.Dir.No. 21957/13.07.001/ 2009- 10 dated June 24, 2010 addressed to Indian Banks™ Association (IBA) on the subject. 2. The National Scheduled Tribes Finance and… Read More

Stuffing of export containers under supervision of Central Excise Officers- CBEC

Circular No. 952/13/2011 F. No 224/57/2011-CX.6 Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs ******************************* New Delhi, the 8th September, 2011 To, (i) The Chief Commissioner of Central Excise (All), (ii) The Chief Commissioner of Central Excise & Customs (All), (iii) The Chief Commissioner of Customs (All), (iv) Directors General (All) Madam/… Read More

Amendments to SEBI (Mutual Funds) Regulations, 1996

All Registered Mutual Funds/ Approved Asset Management Companies (AMCs) Sir/Madam, Sub: Amendments to SEBI (Mutual Funds) Regulations, 1996 1. We are enclosing a copy of the Gazette Notification No. LAD-NRO/GN/2011-12/27668 on Amendments to SEBI (Mutual Funds) Regulations, 1996 dated August 30, 2011 for your information and implementation. 2. Mailing of Annual Report or Abridged Summary:… Read More

Cyber crime cases in India

As per the information tracked and reported to the Indian Computer Emergency Response Team (CERT-In) at total of 90, 119, 252 and 117 Government websites were hacked in the year 2008, 2009, 2010 and 2011 (till June) by various hacker groups. Cyber crime is an important issue and such issues are discussed in every international… Read More

Civil Aviation Safety Advisory Body

In order to further strengthen aviation safety environment through synergisation of available expertise, a Civil Aviation Safety Advisory Council (CASAC) under the Chairmanship of Secretary, Ministry of Civil Aviation has been formed. The members of the council inter alia include heads of scheduled airlines, experts in flight operations, airworthiness, air navigation, aerodromes & heliports, aircraft… Read More

Amendment in Anti-Corruption Act, 1988

The property of corrupt public servant is confiscated under the provisions of Criminal Law (Amendment) Ordinance, 1944 and Prevention of Money Laundering Act, 2002. However, to make the Prevention of Corruption Act, 1988 self contained and comprehensive the Government is considering incorporating the provisions for confiscation/forfeiture of property of corrupt public servants in the Prevention… Read More

Companies in the name of Baba Ramdev

The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the LokSabha that as per latest information available, no company with Baba Ramdev as Director is registered in the country. However, 34 companies are registered in the country with Acharya Balkrishna as Director. The details of the above companies, State-wise alongwith their annual turn-over are as under:- Sl.… Read More