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SEBI Guidance Note on Board Evaluation

January 5, 2017 5005 Views 0 comment Print

The Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) contain broad provisions on Board Evaluation i.e. evaluation of the performance of: (i) the Board as a whole, (ii) individual directors (including independent directors and Chairperson) and

Customs Rate of exchange of foreign currency WEF 06.01.2017

January 5, 2017 1075 Views 0 comment Print

Rate of exchange of one unit of foreign currency equivalent to Indian rupees with effect from 6th January, 2017 as notified by CBEC

Reg. Excise duty exemption on Articles, other than jewellery

January 5, 2017 1222 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 2/2011-Central Excise, dated the 1st March, 2011, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide G.S.R. 117 (E), dated the 1st March, 2011.

Anti-dumping duty on import of ‘Jute Products’ viz. Jute Yarn /Twine etc

January 5, 2017 2098 Views 0 comment Print

Seeks to levy definitive anti-dumping duty on import of ‘Jute Products’ viz. Jute Yarn/Twine (multiple folded/cabled and single), Hessian fabric and Jute sacking bags from Bangladesh or Nepal for a period of five years (unless revoked, superseded or amended earlier)

Maharashtra Contract Labour Act applicability increased to 50 employees

January 5, 2017 73759 Views 5 comments Print

Applicability of Contract Labour (Regulation and Abolition) Act, 1970 has been changed from 20 Employees to 50 Employees for the state of Maharashtra vide Contract Labour (Regulation and Abolition) (Maharashtra Amendment) Act, 2016.

Figure of SBNs returned released by us earlier is not final : RBI

January 5, 2017 1006 Views 0 comment Print

We would like to clarify that the periodical SBN figures released by us were based on aggregation of accounting entries done at the large no of Currency Chests all over the country. Now that the Scheme has come to an end on December 30, 2016, these figures would need to be reconciled with the physical cash balances to eliminate accounting errors/ possible double counts etc.

SC ask details of cases where validity of search & seizure questioned

January 5, 2017 5074 Views 0 comment Print

SC has desired that it be informed regarding number & details of such cases pending before High Courts and Tribunals wherein the Courts/Tribunals have questioned validity of search and seizure operations

SEBI (Alternative Investment Funds) (Amendment) Regulations, 2016

January 4, 2017 1567 Views 0 comment Print

No. SEBI/LAD/NRO/GN/2016-17/026.– In exercise of the powers conferred by sub­section (1) of section 30 read with sub-section (1) of section 11, clause (ba) and clause (c) of sub-section (2) of section 11 and sub-sections (1) and (1 B) of section 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992)

SEBI LODR (Third Amendment) Regulations, 2016

January 4, 2017 4492 Views 0 comment Print

These regulations shall be called the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2016.

Scheduled bank approved for EPF Contribution and to Receive Cheques

January 4, 2017 1996 Views 0 comment Print

Employees’ Provident Funds (Amendment) Scheme, 2017.- In paragraph 38, in sub-paragraph (1), after the words and letters or through Pay Gov platform, the words or through scheduled banks in India including private sector banks shall be inserted

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