Corporate Law Reporter - The Daily Journal

Amendment in Notification No. 08/2010-Service Tax, dated the 27th February, 2010

CLR Note: According to the following amendment the Exemption provided in Notification No. 08/2010 is extended upto January 2012 Notification No.39/2011-Service Tax G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the Finance Act), the Central Government, on being… Read More

SEBI relaxes the provisions on change in names for the Listed Companies

Relaxing provisions for change in names by companies, regulator SEBI today said any listed firm seeking to undertake such an exercise can do so provided that the amount invested in new projects associated with change of profile is at least 50 per cent of their assets. As per the earlier rule, at least 50 per… Read More

Investigation initiated against alleged dumping of digital plates

The government has initiated a probe into alleged dumping of digital plates, used in the printing industry, from Japan and China to protect domestic players from cheap imports. Acting on an application of domestic producers on the alleged dumping of 'Digital Offset Printing Plates' from Japan and China, the Directorate General of Anti-dumping and Allied… Read More

Amends Notification No. 07/2010-Service Tax, dated the 27th February, 2010

Amendment to Notification No. 07/2010-Service Tax, dated the 27th February, 2010 Notification No. 38/2011-Service Tax G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the Finance Act), the Central Government, on being satisfied that it is necessary in the… Read More

Extension of Notification No. 61/2006-CUSTOMS -Anti-dumping duty on imports of ˜Metronidazole- till 14th June, 2012

CLR Note: Anti-dumping duty on imports of ˜Metronidazole™ is extended till 14th June, 2012 Notification No. 48/2011-Cust Whereas, the designated authority vide notification No. 15/18/2010-DGAD, dated the 30th May, 2011, published in the Gazette of India, Extraordinary, Part I, Section 1 dated the 30th, May 2011, has initiated review in terms of sub-section (5) of… Read More

Handbook on Disinvestment will now be available through Public Offerings

CLR Note: A handbook on Disinvestment has been released, and appreciated initiative taken by the Department of Disinvestment to help on the rules, regulations laid down for the purpose. Its gives a step-by-step guide line to the entire disinvestment process starting from seeking Government approval to final listing on the stock exchanges. Even the online version… Read More

RBI raises interest rates on Housing, Auto loans

Pay more, if you have taken loan for a car, a house, or any other loan as the interest rates on loans rises by 25 basis, from the existing 7.25 per cent to 7.50 per cent points. This step has been taken to control the spiralling inflation. RBI has sought to maintain an interest rate environment that moderates… Read More

Directions for submission of system audit reports from CISA qualified Auditor

June 14, 2011 To All Scheduled Commercial Banks Dear Sir, Directions for submission of system audit reports from CISA qualified Auditor Please refer to our circular Ref No. DPSS.1444/ 06.11.001/ 2010-2011 dated December 27, 2010 on the captioned subject. It is clarified that the contents of the above circular are applicable to only those entities which… Read More

List of Terrorist Individuals/ Organisations under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation

Dear Sir, List of Terrorist Individuals/ Organisations under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation Please refer to our circular letter DBOD. AML No. 18819 /14.06.001/2010-11 dated June 3, 2011. We have since received from Government of India (Ministry of External Affairs) copy of note dated June 10, 2011 forwarded by the Chairman of UN Security… Read More

Exim Bank’s Line of Credit to the Government of the United Republic of Tanzania

RBI/2010-11/565 A.P. (DIR Series) Circular No. 71 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit of USD 36.56 million to the Government of the United Republic of Tanzania Export-Import Bank of India (Exim Bank) has concluded an Agreement dated March 28, 2011 with the Government of the… Read More

Opening of Branch/Subsidiary/Joint Venture/Representative Office or Undertaking Investment Abroad by NBFCs

RBI/2010-11/566 DNBS (PD) CC.No. 222/03.10.001/2010-11 All NBFCs Dear Sirs, Opening of Branch/Subsidiary/Joint Venture/Representative Office or Undertaking Investment Abroad by NBFCs Please refer to Regulation No. 7 of the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Amendment) Regulations, 2004, dated July 07, 2004, in terms of which an Indian party requires prior approval… Read More

Scheme for Organising Book Fairs, Book Exhibitions and Participation in International Book Fairs and Publishing Events

Union Ministry of Culture has announced a scheme which is known as Financial Assistance for Book Fairs, Book Exhibitions and participation in International Book Fairs and publishing Events etc™. The main object of the scheme are popularization of Indian Culture through the quality of Books and create climate n which a vast number of people would buy and read books.… Read More

OECD and India agree for Enhanced Tax Corporation to initiate further control of tax evasion

Organisation for Economic Cooperation and Development (OECD) has appreciated the action taken by India in handling tax evasion and black money issues. During the two day high level Seminar held on 13th and 14th June on Adopting Tax System and International Tax Rules to the New Global Environment : a Shared Challenge for India and… Read More