Govt increases minimum MSME procurement limit, Quota for women owned MSME

Govt increases minimum MSME procurement limit, Quota for women S.O. 5670(E) (09/11/2018)

Special provision for Micro and Small Enterprise owned by women. Out of the total annual procurement from Micro and Small Enterprises, 3 per cent from within the 25 per cent target shall be earmarked for procurement from Micro and Small Enterprises owned by women....

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Reg. Export of findings like posts, push backs, locks up to 22 carats

Notification No. 43/2015-2020 (05/11/2018)

Para 4.32(i) and Para 6.01(a) of Foreign Trade Policy 2015-20 are amended to allow export of findings like posts, push backs, locks which help in collating the jewellery pieces together, containing gold of 3 carats and above up to a maximum limit of 22 carats only from domestic tariff area and EOU/ EHTP/STP/BTP Units....

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President assents Companies (Amendment) Ordinance, 2018

No 9 OF 2018 (02/11/2018)

Hon'ble President has given his assent to Companies (Amendment) Ordinance, 2018 with effect from 02nd November 2018. Companies (Amendment) Ordinance, 2018 amends 31 Provisions of Companies Act, 2013. Text of Companies (Amendment) Ordinance, 2018 is as follows:-...

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Companies to comply with Trade Receivables Discounting System platform

S.O. 5621(E) (02/11/2018)

Central Government instruct companies with a turnover of more than Rs. 500 crore and all Central Public Sector Enterprises to get themselves onboarded on Trade Receivables Discounting System platform...

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Half Yearly Reporting of payment to MSMEs after 45 days

S.O. 5622(E) (02/11/2018)

Central Government hereby directs that all companies who get supplies of goods or services from micro and small enterprises and whose payments to micro and small enterprise suppliers exceed forty five days from the date of acceptance or the date of deemed acceptance of the goods or services as per the provisions of the Act, shall submit a...

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Justice Pradipkumar Premshankar Bhatt appointed as ITAT president

Notification No. A-12023(1)/15/2016-Admn. (02/11/2018)

Central Government is pleased to appoint Mr. Justice Pradipkumar Premshankar Bhatt, Former Judge, High Court of Gujarat, as President, Income Tax Appellate Tribunal, with effect from the forenoon of 24th October, 2018...

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IBBI part-time member remuneration increased to Rs. 6000 per meeting

Notification No.G.S.R.1083 (02/11/2018)

Ministry Of Corporate Affairs has increased the remuneration of Part time member of Insolvency and Bankruptcy Board of India (IBBI) to Rs. 6000 poer meeting attended from existing Rs. 1000 per attended meeting. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 2nd November, 2018 G.S.R.1083 (E).—In exercise of the powers conferre...

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Duty increase on specified imports originating in USA postponed

Notification No.77/2018-Customs [G.S.R. 1080(E)] (01/11/2018)

Seeks to further postpone the implementation of increased customs duty on specified imports originating in USA from 2nd November, 2018 to 17th December, 2018 GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 77/2018-Customs New Delhi, the 1st November, 2018 G.S.R. 1080(E).- In exercise of the powers conferre...

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PMLA, 2002 Adjudicating Authority to discharge Benami Property law cases also

Notification no. S.O. 5608(E) (01/11/2018)

S.O. 5608(E).—In exercise of powers conferred by section 71 of the Prohibition of Benami Property Transactions Act, 1988 (45 of 1988) (hereafter referred to as the said Act) and in suppression of notification number S.O. 3288(E) dated the 25th October, 2016, except as respects things done or omitted to be done before such suppression, t...

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Customs Rate of Exchange of Foreign Currency Conversion wef 02.11.2018

Notification No. 90/2018-Customs (N.T.) (01/11/2018)

Customs Rate of Exchange of Foreign Currency Conversion wef 02.11.2018 notified vide Notification No. 90/2018 – Customs (N.T.) dated 1st November, 2018....

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