Corporate Law Reporter - The Daily Journal

Short-collection/Non-collection of client margins (Derivatives Segments)

CIR/DNPD/7/2011 August 10, 2011 To Managing Director/ Chief Executive Officer Recognized Stock Exchanges Dear Sir/Madam, Sub: Short-collection/Non-collection of client margins (Derivatives Segments) 1. In consultation with BSE, MCX-SX, NSE and USE, it has been decided that Stock Exchanges shall levy penalty specified hereunder on trading members for shortcollection/non-collection of margins from clients in Equity and… Read More

Reports of illegal imports of pesticides by some traders-CBEC

Circular No. 35/2011 F.No. 450/160/2010-Cus.IV Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Tariff Unit *** 299-A, North block, New Delhi-1, 9th August, 2011. To All Chief Commissioners / Commissioners of Customs / Customs (Prev.), All Chief Commissioners / Commissioners of Customs & Central Excise, All Directors General… Read More

Extension of anti-dumping on ˜Partially Oriented Yarn (POY) till 10th February 2012

[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) New Delhi, dated the 9th August, 2011 NOTIFICATION No.71 /2011-CUSTOMS G.S.R. (E). -Whereas, the designated authority vide Notification No. 15/27/2010-DGAD, dated the 11th February, 2011, published in Part I, Section 1 of the… Read More

Customs Notification on Extension of anti-dumping duty on imports of nylon filament yarn

[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.73/2011-Customs New Delhi, the 9th August, 2011 G.S.R. (E). -Whereas, the designated authority vide notification No. 15/14/2010-DGAD, dated the 27th August, 2010, published in the Gazette of India, Extraordinary, Part I,… Read More

Relaxation of 5% by weight in export of cotton yarn- DGFT

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhavan, New Delhi. … Read More

RBI releases Report of the Committee to Review Facilities for Individuals under FEMA, 1999

The Reserve Bank of India (RBI) today placed on its website (www.rbi.org.in) the Report of the Committee to Review the Facilities for Individuals under Foreign Exchange Management Act (FEMA), 1999. The Report was submitted to the Reserve Bank of India on August 8, 2011. Pursuant to the announcement in the Annual Monetary Policy for 2011-12, a… Read More

Teachers’ Co-operative Bank Limited, Udupi, Karnataka Penalised

The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on Teachers' Co-operative Bank Limited, Udupi, Karnataka, in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS) for violation of Reserve Bank of India's directives… Read More

Dr. Subbarao re-appointed RBI Governor for two more years

Press Release : 2011-2012/216 The Government of India today approved the extension of the term of Dr. D. Subbarao as the Governor of the Reserve Bank of India. Dr. Subbarao™s term has been extended for a period of two years with effect from September 5, 2011 up to September 4, 2013. Dr. Subbarao was appointed… Read More

RBI announces rate of interest on Floating Rate Bonds 2015(II)

Press Release : 2011-2012/214 The rate of interest on the Floating Rate Bonds, 2015(II) [FRB, 2015(II)] applicable for the year (August 10, 2011 to August 9, 2012) shall be 8.82 per cent per annum. It may be recalled that the rate of interest on the FRB, 2015(II) was set at a mark-up (as decided in… Read More

Reverse Repo Window under Liquidity Adjustment Facility and Marginal Standing Facility Change of Timing

RBI/2011-2012/149 FMD.MOAG. No.62/01.01.01/2011-12 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Dear Sir, Reverse Repo Window under Liquidity Adjustment Facility and Marginal Standing Facility Change of Timing Presently, Repo and Reverse Repo auctions under Liquidity Adjustment Facility (LAF) are conducted between 9.30 am and 10.30 am and the Marginal Standing Facility (MSF) is available… Read More

CBEC imposed anti- dumping duty on imports of Sodium Formaldehyde Sulphoxylate

[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. 70/2011-Customs New Delhi, 5th August, 2011 G.S.R. (E). -Whereas, the designated authority vide notification No. 15/16/2009-DGAD, dated the 22nd June 2010, published in the Gazette of India, Extraordinary, Part I, Section… Read More

Circular No. 37 -Reg. Import of rough marble blocks for the year 2011-12- DGFT

Government of India Ministry of Commerce and Industry Directorate General of Foreign Trade Udyog Bhavan, New Delhi-110011 Policy Circular No. 37 (RE-2010)/2009-2014 Dated, the 8th August, 2011 To All Licensing Authorities. Members of Trade Subject: Regarding Notification No. 64 dated 4th August 2011 for import of rough marble blocks for the year 2011-12. Notification No. 64 of 4th August mentions… Read More

Export of Cotton [ITC (HS) Code 5201 & 5203]: obtaining of Registration Certificate- DGFT

To be published in the Gazette of India Extraordinary Part II Section 3, Sub Section (ii) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan Notification No. 63 (RE-2010)/2009-2014 New Delhi, 04 August 2011 Subject: Export of Cotton [ITC (HS) Code 5201 & 5203]: obtaining of… Read More