The Government of India notifies the Scheme of Electoral Bonds to cleanse the system of political funding in the country; Electoral Bond would be a bearer instrument in the nature of a Promissory Note and an interest free banking instrument;
Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 seeks to protect and enhance the depositors’ existing rights and bring in a comprehensive and efficient resolution regime for financial firms. Rationale for the Financial Resolution and Deposit Insurance Bill, 2017 There is no comprehensive and integrated legal framework for resolution, including liquidation, of financial firms in […]
Director General of Foreign Trade hereby notifies the amendment in item No. 1 of the SION K 36, in the Handbook of Procedure Vol.11 as under:
Amendments to Circular No. CFD/DIL3/CIR/2017/21 dated March 10, 2017- Para 7 of circular shall be replaced with following: The Provisions of this circular shall not apply to schemes which solely provides for merger of a wholly owned subsidiary or its division with the parent company. However, such draft schemes shall be filed with the Stock Exchanges for the purpose of disclosures and the Stock Exchanges shall disseminate the scheme documents on their websites.
In consultation with the exchanges, clause ‘1 .b’ of the said SEBI Circular stands substituted as under: 1.b The Exchanges will ensure that the ratio between highest to lowest transaction charges in the turnover slab of any contract is not more than 2:1”.
What is an e-Way Bill? e-way bill is a document required to be carried by a person in charge of the conveyance carrying any consignment of goods of value exceeding fifty thousand rupees as mandated by the Government in terms of section 68 of the Goods and Services Tax Act read with rule 138 of […]
The administration is in place to implement the law in a manner that justice is not only seen to be done but inspires the people to be fully compliant with the law. The basic requirement for this purpose is that the law should be clear & simple to understand leaving no scope for interpretation & […]
THE COMPANIES (AMENDMENT) ACT, 2017 received the assent of the Hon’ble President of India on the 3rd January, 2018 which is an An Act further to amend the Companies Act, 2013. By this act 93 amendments been carried out in Companies Act, 2013 to provide relief to stakeholders and to provide more clarity on some […]
Amendments to (i) the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, and (ii) the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017.
Disqualification of auditors as per Section 141(3)(d) for indebtedness of relatives might be addressed through Rules. With these amendments, in my opinion, most of the issues in the Companies Act, 2013 have been addressed and I am happy to inform that ICAI has been one of the major contributors to the amendments since its Bill stage.
