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Govt amends service rules of Customs & Central Excise Settlement Commission members

September 3, 2016 895 Views 0 comment Print

President hereby makes the following rules to amend the Customs and Central Excise Settlement Commission (Recruitment and Conditions of Service of Chairman, Vice-Chairman and Members) Rules, 2015

Child Labour Prohibition Act 2016 applicable from 01.09.2016

September 3, 2016 1768 Views 0 comment Print

In exercise of the powers conferred by sub-section (2) of section 1 of the Child Labour (Prohibition and Regulation) Amendment Act, 2016 (35 of 2016), the Central Government hereby appoints the 1st day of September, 2016, as the date on which the said Act shall come into force.

Notification No. 33/2016-Central Excise Dated: 02.09.2016

September 2, 2016 3193 Views 0 comment Print

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 33/2016 – Central Excise New Delhi, the 2nd September, 2016 G.S.R. 852(E). – 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 […]

Notification No. 47/2016-Customs- Dated: 02.09.2016

September 2, 2016 2176 Views 0 comment Print

hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 12/2012-Customs, dated the 17th March, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.185(E), dated the 17th March, 2012

ST Exemption to telecom service provider or use of radio frequency spectrum-Reg.

September 2, 2016 5521 Views 0 comment Print

CBEC exempt services provided by Government or a local authority by way of allowing a business entity to operate as a telecom service provider or use radio frequency spectrum during the period prior to 1st April, 2016 on payment of license fee or spectrum user charges, as the case may be.

Special Courts for speedy trial of offences under Companies Act, 2013

September 2, 2016 1834 Views 0 comment Print

Chief Justice of the High Courts of Chhattisgarh, Rajasthan, Punjab and Haryana, Madras and Manipur, designates the following Courts as Special Courts for the purposes of providing speedy trial of offences punishable with imprisonment of two years or more under the Companies Act, 2013, namely

Reg. Prohibition on export of Red Sanders wood in log form

September 2, 2016 655 Views 0 comment Print

Prohibition on export of Red Sanders wood in log form has been relaxed for export of 383.132 MT of Red Sanders wood, in log form through State Government Maharashtra and Tamil Nadu.

Additional risk management norms for NCDEX

September 1, 2016 889 Views 0 comment Print

In order to further strengthen the risk management framework of commodity derivatives markets and avoid any systemic risk, it has been decided to prescribe additional norms/modify (to the extent specified hereunder) certain existing norms on risk management at National Commodity Derivatives Exchanges. The additional/modified norms are placed at Annexure-I.

Guidelines on Sale of Stressed Assets by Banks

September 1, 2016 1576 Views 0 comment Print

In terms of extant instructions of the Reserve Bank, the board of banks shall lay down detailed policies and guidelines on sale of their stressed assets to Securitisation Companies (SCs)/Reconstruction Companies (RCs). The policy, inter alia, shall cover the following aspects:

Advances against Term Deposits of Non-members

September 1, 2016 442 Views 0 comment Print

The SEB should have in place an Audit Committee of the Board of Directors which is constituted and functioning in compliance with the instructions contained in our circular UBD.No.Plan.(PCB).9/09.06.00-94/95 dated July 25, 1994.

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