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SEBI: Kotak Committee report on Corporate Governance

October 5, 2017 906 Views 0 comment Print

SEBI formed a Committee on Corporate Governance in June 2017 under the Chairmanship of Mr. Uday Kotak with a view to enhancing the standards of corporate governance of listed entities in India. The committee consisted of officials from the government, industry, professional bodies, stock exchanges, academicians, lawyers, proxy advisors, etc. The committee was requested to submit its report within four months.

Scheme of budgetary support under GST Regime

October 5, 2017 18840 Views 1 comment Print

In pursuance of the decision of the Government of India to provide budgetary support to the existing eligible manufacturing units operating in the States of Jammu & Kashmir, Uttarakhand, Himachal Pradesh and North Eastern States including Sikkim under different Industrial Promotion Schemes of the Government of India, for a residual period for which each of the units is eligible, a new scheme is being introduced.

Deduction U/s. 80-IC allowed despite Belated filing of return if delay is because of Reasonable cause

October 4, 2017 5952 Views 0 comment Print

Where assessee filed return within extended period of section 139(4) and delay was caused by reason beyond the control of assessee, liberal interpretation was to be given to procedural requirement of section 80AC and denial of deduction under section 80-IC was not, therefore, justified.

Anti-dumping duty on imports of “PNA” from China PR

October 4, 2017 630 Views 0 comment Print

Whereas, the Designated Authority, vide notification No. 15/09/2016-DGAD, dated the 1st September, 2016, published in the Gazette of India, Extraordinary, Part I Section 1, dated the 1st September, 2016 had initiated a sunset review in the matter of continuation of anti-dumping duty on imports of Para Nitro Aniline (PNA) (hereinafter referred to as the subject goods)

Procedure for export of spices to the European Union countries

October 4, 2017 3822 Views 0 comment Print

In exercise of the powers conferred by Section 3 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992), as amended, read with Para 1.02 of the Foreign Trade Policy, 2015-20, the Central Government hereby makes the following amendment, with immediate effect, in Schedule 2 of ITC (HS) Classification of Export & Import Items relating to export of spices to the European Union countries.

Hazardous and Other Wastes in imports of used tyres- Compliance

October 4, 2017 6984 Views 0 comment Print

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-402/2017-18 AM (I) Dated 04.10.2017 PUBLIC NOTICE NO. 126/2017 Sub: Compliance of provisions of the Hazardous and Other Wastes (Management and Trans boundary Movement) Rules, 2016 in the imports of used tyres- reg Attention […]

Procedure for clearance of Fertilizer consignments under Direct Port Delivery

October 4, 2017 2313 Views 0 comment Print

Attention of the Importers, Exporters, General Trade, Port Terminal Operator, Shipping Lines / Shipping Agents, CFSs coming under the jurisdiction of JNCH, Nhava Sheva and all other stakeholders is invited to the Public Notice No 182/2016, dated 23.12.2016, 23/2017, dated 01.03.2017, 41/2017, dated 24.03.2017, 111/2017 dated 29.08.2017 and various other decisions communicated through Standing Orders / Public Notices issued from time in relation to Direct Port Delivery.

Amendment /conversion of shipping bills from one scheme to another: Clarification

October 4, 2017 1083 Views 0 comment Print

Any request for amendment in shipping bill after LEO and before shipment of the goods shall be processed by Docks officers as per the guidelines given in Para 2 A.A and 2A.2 of the aforesaid Public Notice No. 88/2017 dated 05.07.2017.

SEBI revises limit for investment by FPIs in Govt Securities for Oct to Dec 2017

October 4, 2017 432 Views 0 comment Print

It has been decided to revise the limit for investment by FPIs in Government Securities, for the October – December 2017 quarter, as follows: a. Limit for FPIs in Central Government securities shall be enhanced to INR 189,700 cr. b. Limit for Long Term FPIs (Sovereign Wealth Funds (SWFs), Multilateral Agencies, Endowment Funds, Insurance Funds, Pension Funds and Foreign Central Banks) in Central Government securities shall be revised to INR 60,300 cr.

Impact of Companies (Amendment) Bill, 2017 On Non Filing Of Annual Return and Financial Statement

October 3, 2017 9411 Views 1 comment Print

As we all know that Lok Sabha has passed the Companies (Amendment) Bill, 2017 on 27th July, 2017 which contains the major amendments where one of the major amendment is additional fees of Rs. 100 per day in case of delay in filing of annual return and financial statement with the specified time under Act.

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