Corporate Law Reporter - The Daily Journal

Anti-Money Laundering (AML) / Combating of Financial Terrorism (CFT) – Standards

RBI/2011-12/134 RPCD.CO.RRB.AML.No. 1203 /03.05.28 (A)/2011-12 July 29, 2011 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Anti-Money Laundering (AML) / Combating of Financial Terrorism (CFT) - Standards Please refer to our circular RPCD.CO.RRB.AML.No.11332 /03.05.28 (A)/2010-11 dated April 01, 2011 forwarding the Financial Action Task Force (FATF) Statement identifying a list of jurisdictions which have strategic AML/CFT… Read More

RBI Notification on Auction of Government of India Dated Securities

All Scheduled Commercial Banks / All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/ All Primary Dealers Dear Sirs, Auction of Government of India Dated Securities Government of India have offered to sell (re-issue) (a) 8.07 percent Government Stock 2017 for a notified amount of Rs.4,000 crore (nominal) through a price based… Read More

Misuse of Banking Channels – Issue and Payment of Demand Drafts for Rs. 50,000/- and above

RBI/2011-12/135 DBOD.BP.BC. No. 26 / 21.01.001/2011-12 To, The Chairmen / Chief Executives of All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Misuse of Banking Channels - Issue and Payment of Demand Drafts for Rs. 50,000/- and above Please refer to our circular DBOD.BP.BC.No.114/C.469(81) - 91 dated April 19, 1991 in terms of which demand drafts,… Read More

SEBI Circular on Indicative portfolio or yield in close ended debt oriented mutual fund schemes

Cir/ IMD/ DF/12 /2011 August 1, 2011 All Mutual Funds, Asset Management Companies (AMCs) Sir/Madam, Sub: Indicative portfolio or yield in close ended debt oriented mutual fund schemes 1. This refers to circular SEBI/IMD/CIR No. 14/151044/09 dated January 19, 2009 regarding indicative portfolio and yields in mutual fund schemes. It was mentioned that mutual funds… Read More

Amendment to Notification No. 46/2011-Customs dated the 1st June, 2011

[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. 68/2011-Customs New Delhi, dated the 29th July, 2011 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962),… Read More

SEBI Notification on Allocation of Government debt long term limits to FIIs

CIR/IMD/FIIC/11/2011 July 29, 2011 To All Foreign Institutional Investors through their designated Custodians of Securities Dear Sir/Madam Sub: Allocation of Government debt long term limits to FIIs 1. Based on the assessment of the allocation and the utilization of the limits to FIIs for investments in debt, it has been decided to allocate the unutilized… Read More

Extension of date for filing of Balance Sheet and Profit and Loss Account in XBRL mode

General Circular 57/2011; GOI; MCA; Dated 28th July, 2011 All the Regional Directors, All the Registrar of Companies/ Official Liquidators, All Stakeholders Sub: Filing of Balance Sheet and Profit and Loss Account in extensible Business Reporting Language (XBRL) mode. The Para 3 of the Circular no. 37/2011 dated 07.06.2011 may be read as under:- "… Read More

CBEC Notification No. 69/2011- Exemption to specific goods when imported into India from Japan

[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. 69/2011-Customs New Delhi dated the 29th July, 2011 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the… Read More

Program on Schedule VI (Companies Act 1956) and XBRL

Achromic Point is organizing a Business Program Changing Paradigm Schedule VI (Companies Act 1956) and Financial Reporting with our Knowledge Partner Deloitte, scheduled in the cities of New Delhi - 4th August, Bangalore - 19th August and Chennai - 26th August. The seminar would focus on the key concepts as well as the carve outs made to… Read More

Blocking of DIN consequent to non-filing of Statement of Affairs (SOA) in case of winding up

GENERAL CIRCULAR No.56 /2011; F. No. 35/6/2011/Insolvency GOI; MCA; Dated 28th July, 2011 All Regional Directors; All Registrar of Companies; All Official Liquidators Subject: Blocking of DIN consequent to non-filing of Statement of Affairs (SOA) It has been observed that companies are not filing Statement of Affairs (SOA) in time in terms of section 454… Read More

Amendment in Customs Tariff (Determination of Origin of Goods under the Preferential Trade Agreement between the Governments of Member States of (ASEAN) and the Republic of India) Rules, 2009

[TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY] Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) New Delhi, the 28th July, 2011 6 Sravana, 1933 (SAKA) Notification No. 52/2011-Customs (N.T.) G.S.R. ¦ (E) In exercise of the powers conferred by sub-section (1)… Read More

Corrigendum to Gen Circular No. 54/2011 – CS & CWA in practice can also verify the docs for OL

GENERAL CIRCULAR NO. 58/2011; GOI; MCA; Dated August, 2011 All Regional Directors; All ROCs; All Official Liquidators Subject: Corrigendum to General Circular No. 54/2011. In view of the representations from professional Institutes, it has been decided to amend Para (c) the Circular No. 54/2011 dated 26th July, 2011. Para (c) of the said Circular may… Read More

MCA- Master Circular on Prosecution of Directors

Master Circular No. 1/2011; No.3/57/2011/CL- II Government of India; Ministry of Corporate Affairs; Dated 29th July, 2011 All Regional Directors, All Registrars of Companies, All Official Liquidators. Sub: Master Circular on Prosecution of Directors Regarding The question of treating a person as an officer in default by ROCs when prosecutions are launched against a company… Read More