Corporate Law Reporter - The Daily Journal

Comparative analysis of existing SS-1 with revised SS-1

COMPARATIVE ANALYSIS Article No. REVISED SS-1 (w.e.f. October 01, 2017) EXISTING SS-1 (w.e.f. July 01, 2015) 1.2.2 A Meeting may be convened at any time and place, on any day. A Meeting may be convened at any time and place, on any day, excluding a National Holiday. 1.2.2 (No such Provision) A Meeting adjourned for want of… Read More

Central government delegates power under S.66(2) of Companies Act ,2013

[To be published section (ii)l in the Gazette of India, Extra-ordinary, Part-II, Section 3- Sub setion (ii)] Ministry of Corporate Affairs Notification New Delhi, dated the 4th September,2017 S.O. - (E).-In exercise of the powers conferred by section 458 of the Companies Act,2013(18 of 2013),the Central Government hereby delegates to the Regional Directors at Mumbai,… Read More

CBEC notifies Exchange Rate of Foreign Currency w.e.f. 8th September,2017

Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs No.81/2017-CUSTOMS (N.T.), dated 17th August, 2017, except as respects things done or omitted to be done… Read More

MCA exempts certain unlisted Public Companies from the appointment of Independent Directors

General Circular No.09/2017 No.1,/22/2013-CL-V Government of India Ministry of Corporate Affairs 5th Floor, 'A' Wing, Shastri Bhawan, Dr. R. P. Road, New Delhi Dated: 5th September, 2017 To All Regional Directors, All Registrar of Companies, All Stakeholders Subject: Exemptions given to certain unlisted Public Companies under the Companies (Appointment And Qualification of… Read More

Department of Financial Services advises all Banks to put restrictions on bank accounts of “Struck Off ” Companies

Department of Financial Services advises all Banks to take immediate steps to put restrictions on bank accounts of over two lakh 'struck off' companies Government has stepped up decisive action against companies falling within the ambit of Section 248 of the Companies Act. The names of 2,09,032 companies have been struck off from the Register… Read More

Govt notifies Contract Labour (Regulation and Abolition) Central Amendment Rules, 2017

MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 5th September, 2017 G.S.R. 1128(E).—Whereas, a draft of certain rules further to amend rule 69 of the Contract Labour (Regulation and Abolition) Central Rules, 1971, was published, as required by section 35 of the Contract Labour (Regulation and Abolition) Act, 1970 (37 of 1970) vide notification… Read More

Stricter Norms for Corporate Governance: Disqualification of Directors in case of siphoning money from “Struck off” Company

Stricter Norms for Corporate Governance: Punishment for Siphoning off Money from Bank Accounts of “Struck Off” Companies; Disqualification of Directors from Being Appointed or Reappointed in Companies MoS (CA) Shri P P Chaudhary: Exercise of Weeding Out Shell Companies Would not Only Help in Checking the Menace of Black Money But Would Also Promote Ease of… Read More

CBEC extends time for filing returns in Form GSTR-1, GSTR-2 , GSTR-3

[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 Central Board of Excise and Customs Notification No. 29/2017 – Central Tax New Delhi, the 5th September, 2017 G.S.R. …..(E).— In exercise of the powers conferred by the second proviso to… Read More

DGFT notifies sunset review of anti dumping duty imposed on imports of rubber chemicals

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF ANTI-DUMPING AND ALLIED DUTIES) NOTIFICATION New Delhi, the 2nd September, 2017 (Final Findings) Subject: Sunset Review investigation of Anti-dumping duty imposed on the imports of Certain Rubber Chemicals, namely, TDQ & PX-13 originating in or exported from the European Union and MOR and MBTS… Read More

DGFT notifies Final Findings on Anti-dumping investigation on imports of Non-Woven Fabric

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF ANTI-DUMPING AND ALLIED DUTIES) NOTIFICATION New Delhi, the 2nd September, 2017 (FINAL FINDINGS) Subject: Anti-dumping investigation concerning imports of Non-Woven Fabric, originating in or exported from Malaysia, Indonesia, Thailand, Saudi Arabia and China PR. F. No. 14/23/2015-DGAD.—Having regard to the Customs Tariff Act, 1975,… Read More

CBDT signs four Advance Pricing Agreements in August, 2017

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 04th September, 2017. PRESS RELEASE Indian Advance Pricing Agreement regime moves forward with signing of four APAs by CBDT in August, 2017 The Central Board of Direct Taxes (CBDT) has entered into 4 more Advance Pricing Agreements (APAs) during… Read More

Protocol amends Agreement between India and Vietnam on Avoidance of double taxation

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 30th August, 2017 (INCOME-TAX) S.O. 2826(E).—Whereas the Protocol amending the Agreement, signed at Ha Noi on the 7th day of September, 1994, between the Government of the Republic of India and the Government of the Socialist Republic of Viet Nam for the avoidance of double… Read More

Central Govt. notifies Gujarat Electricity Regulatory Commission

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 30th August, 2017 S. O. 2829(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, ‘Gujarat Electricity Regulatory… Read More