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Features of Strategic Debt Restructuring by converting loan dues to equity shares

June 8, 2015 891 Views 0 comment Print

t has been observed that in many cases of restructuring of accounts, borrower companies are not able to come out of stress due to operational/ managerial inefficiencies despite substantial sacrifices made by the lending banks. In such cases, change of ownership will be a preferred option. Henceforth, the Joint Lenders’ Forum (JLF) should actively consider such change in ownership under the above Framework issued vide the circular dated February 26, 2014.

Minimum price for import of Areca Nuts enhanced to Rs.162/- per Kg

June 8, 2015 391 Views 0 comment Print

In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, the Central Government hereby amends the Import Policy of Areca Nut under ITC (HS) code 0802 80 10, 0802 80 20, 0802 80 30 and 0802 80 90 of Chapter 8 of ITC (HS) 2012 – Schedule-1 (Import Policy) as under.

Exemptions to Nidhis under section 462 of CA 2013

June 5, 2015 6470 Views 0 comment Print

entral Government in the interest of public, hereby directs that certain provisions of the Companies Act, 2013, as specified in column (2) of the Table, shall not apply or shall apply with such exceptions, modifications and adaptations, as specified in column (3) of the said Table, to Nidhis, namely:-

Exemptions to Private Companies U/s. 462 of Companies Act, 2013

June 5, 2015 205629 Views 1 comment Print

Central Government, in the interest of public, hereby directs that certain provisions of the Companies Act, 2013, as specified in column (2) of the Table, shall not apply or shall apply with such exceptions, modifications and adaptations, as specified in column (3) of the said Table, to a private company, namely:-

Exemptions to Section 8 (Non-Profit Companies) U/s. 462 of CA 2013

June 5, 2015 19696 Views 0 comment Print

Central Government in the interest of public, hereby directs that certain provisions of the Companies Act, 2013, as specified in column (2) of the Table, shall not apply or shall apply with such exceptions, modifications and adaptations, as specified in column (3) of the said Table, to a body to which a licence is granted under the provisions of the aforesaid section 8, namely :-

Exemptions to Government Companies U/s. 462 of CA 2013

June 5, 2015 40779 Views 0 comment Print

Certain provisions of the Companies Act, 2013, as specified in column (2) of the Table, shall not apply or shall apply with such exceptions, modifications and adaptations, as specified in column (3) of the said Table, to a Government company, namely

Amendment in Para 3.24 (j) of Chapter-3 of FTP 2015-2020

June 4, 2015 1492 Views 0 comment Print

Notification No: 9/2015-2020 Dated-4th June 2015 Status holders shall be entitled to export freely exportable items on free of cost basis for export promotion subject to an annual limit of ₹ 10 lakh or 2% of average annual export realisation during preceding three licensing years, whichever is lower.

Amendments in Foreign Trade Policy 2015-20

June 4, 2015 6249 Views 0 comment Print

Notification No. 08/2015-2020 Dated- 4th June , 2015Mandatory documents for export / import of goods from / into India (a) Mandatory documents required for export of goods from India: 1. Bill of Lading/ Airway Bill / Lorry Receipt / Railway Receipt / Postal Receipt. 2. Commercial Invoice cum Packing List 3. Shipping Bill/Bill of Export

Notification No. 32/2015-Central Excise Dated- 4th June, 2015

June 4, 2015 4449 Views 0 comment Print

Notification No. 32/2015-Central Excise Dated- 4th June, 2015 Ethanol produced from molasses generated from cane crushed in the sugar season 2015-16 i.e. 1st October, 2015 onwards, for supply to the public sector oil marketing companies, namely, Indian Oil Corporation Ltd., Hindustan Petroleum Corporation Ltd. or Bharat Petroleum Corporation Ltd., for the purposes of blending with petrol.

Notification No. 36/2015-Customs,Dated-04th of June, 2015

June 4, 2015 1876 Views 0 comment Print

Seeks to amend notification No. 60/2011-Customs, dated the 14th July, 2011, so as to include Kamalasagar (Tripura) on the India-Bangladesh Border, in order to extend exemption from the whole of

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