Corporate Law Reporter - The Daily Journal

CBEC amends NOT. No. 82/2017-Cus (N.T.) dt 24.08.2017 and NOT. No 85/2017-Cus (N.T.) dt 07.09.2017

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF EXCISE AND CUSTOMS) NOTIFICATION New Delhi, the 14th September, 2017 No. 86/2017-Customs (N.T.) G.S.R. 1154(E).—In exercise of the powers conferred by sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby directs that each of… Read More

Govt. notifies General Insurance (Rationalisation and Revision of Pay Scales ) Amendment Scheme

MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 13th September, 2017 S.O. 3019(E).—In exercise of the powers conferred by section 17A of the General Insurance Business (Nationalisation) Act, 1972 (57 of 1972), the Central Government hereby frames the following Scheme further to amend the General Insurance (Rationalisation and Revision of Pay Scales… Read More

Govt. Imposes Anti Dumping duty on imports of “Ammonium Nitrate”originating in exports from Russia, Indonesia, Georgia and Iran

[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.44 /2017-Customs (ADD) New Delhi, the 12th September, 2017 G.S.R…. (E). - Whereas, in the matter of import of ‘Ammonium Nitrate’ (hereinafter referred to as the subject goods) falling under… Read More

CBEC exempts goods imported for organising FIFA under 17, world cup, 2017

[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.75/2017-Customs New Delhi, the 13th September, 2017 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

Clarification on Exchange Traded Cross Currency Derivatives contracts on EUR-USD, GBP-USD and USD-JPY currency pairs

CIRCULAR SEBI/HO/MRD/DP/CIR/P/2017/102 September 13, 2017 To, All Stock exchanges, (except for Commodity Derivatives Stock Exchanges) All Clearing corporations, (except for Commodity Derivatives Clearing Corporations) All Depositories. Dear Sir / Madam, Subject: Clarification on Exchange Traded Cross Currency Derivatives contracts on EUR-USD, GBP-USD and USD-JPY currency pairs 1. SEBI vide circular SEBI/HO/MRD/CP/CIR/P/2016/38 dated March 9,… Read More

Guidelines on outsourcing of activities by Stock Exchanges and Clearing Corporations:SEBI

CIRCULAR SEBI/HO/MRD/DP/CIR/P/2017/101 September 13, 2017 To All Stock Exchanges All Clearing Corporations Dear Sir / Madam, Subject: Outsourcing of activities by Stock Exchanges and Clearing Corporations 1. SEBI has vide circular CIR/MIRSD/24/2011 dated December 15, 2011 prescribed Guidelines on Outsourcing of Activities by Intermediaries. Through these guidelines certain principles for outsourcing to be followed by… Read More

Avail tax deductions under Section 80C to Section 80G

The Income Tax department of India offers tax deductions which help everyone to save tax legally by appropriately making use of the service. It is pretty essential that you invest in more than one avenue as you want to avail better returns with less tax burden. There are various ways in which tax deductions can… Read More

Refund of amount on account of double-payment of Customs

OFFICE OF THE COMMISSIONER OF CUSTOMS (NS-III) MUMBAI ZONE-II, JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA, TALUKA: URAN, DISTRICT: RAIGAD, MAHARASHTRA-400707. F. No. S/22-Gen-150/2015-16 AM (I) Dated 08.09.2017 PUBLIC NOTICE NO. 117/2017 Sub: Refund of amount on account of double-payment of Customs DutyReg. Attention of the Importers, Exporters and all other stakeholders is invited to the… Read More

Procedure to be followed for Import under DEEC/EPCG Scheme-

OFFICE OF THE COMMISSIONER OF CUSTOMS (NS-IV) MUMBAI ZONE – II, JAWAHARLAL NEHRU CUSTOM HOUSE, SHEVA, Tal-URAN, DISTRICT-RAIGAD, MAHARASHTRA –400 707. F. No. S/16-DEEC-GEN-246/VIID Date: 11.09.2017 PUBLIC NOTICE NO. 118/2017 Sub:- Procedure to be followed for Import under DEEC/EPCG Scheme- reg. It has been observed that significant time is being taken in assessment of bills… Read More

PFRDA notifies Third Amendment in Retirement Adviser Regulation, 2017

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY NOTIFICATION New Delhi, the 11th September, 2017 PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY (RETIREMENT ADVISER) (THIRD AMENDMENT) REGULATIONS, 2017 No.PFRDA/12/RGL/139/10.— In exercise of the powers conferred by sub-section (1) of section 52 read with clause (w) of sub-section (2) thereof and clause (d) of sub-section 2 of Section 14… Read More

Cabinet approves release of additional 1% Dearness Allowance to CG employees and Dearness Relief to pensioners w.e.f. 01.07.2017

Cabinet approves release of additional 1% Dearness Allowance to Central Government employees and Dearness Relief to pensioners w.e.f. 01.07.2017 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for release of additional 1% Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners. It will be… Read More

Govt. amends General Provident Fund (Central Service) Rules, 1960- liberalizes drawal of advance from the Fund by the subscribers

No 3/2/2017-P&PW (F)(i) Ministry of Personnel, PG & Pensions Department of Pension & Pensioners' Welfare Desk-F 3rd Floor, Lok Nayak Bhavan, Khan Market, New Delhi-110003 Dated 7th March, 2017 OFFICE MEMORANDUM Subject:Amendment to the provisions of General Provident Fund (Central Service) Rules, 1960- liberalization of provisions for drawal of advance from the Fund by the… Read More

Voluntary Winding Up: Dawn of the new regulations

Introduction The winding up process leads to dissolution of the corporate entity from its existing stature of a functioning body to a dormant one. Majorly it is done to unburden the corporate entity of the debts it has previously incurred from various stakeholders, which it can’t repay under the normal functioning of its day to… Read More