Daily Archives: December 2, 2015

CBEC Guidelines for handling seized/ confiscated by Department

By | December 2, 2015

INSTRUCTION F.No.394/97/2015-Cus (AS) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs (Anti-Smuggling Unit) New Delhi, dated 1 st December, 2015 To All Principal Chief/Chief Commissioners of Customs All Principal Chief/Chief Commissioners of Customs (Preventive) All Principal Chief/Chief Commissioners of Customs & Central Excise All Principal Chief/Chief Commissioners of… Read More »

IRDA invite comments on Amendment to Regulation 28(9) for Branch offices of Foreign Reinsurers

By | December 2, 2015

Exposure Draft Date:02-12-2015 Amendment to Regulation 28(9)-Order of preference of cessions by Indian insurers – IRDAI’s (Registration and Operations of Branch offices of Foreign Reinsurers other than Lloyd’s) Regulations, 2015 Attention is drawn of all stakeholders regarding the IRDAI’s (Registration and Operations of Branch offices of Foreign Reinsurers other than Lloyd’s) Regulations, 2015. As is… Read More »

Redressal of Investors’ Grievances against Companies

By | December 2, 2015

As per the investors’ grievances data maintained by the Ministry of Corporate Affairs, action has been initiated against 319 Companies in 2012-13, 420 companies in 2013-14 and 2414 companies in 2014-15. This is an on-going process. Non-payment of dividend/interest on listed securities, pertaining to companies listed at stock exchanges is actionable under sections 11B/15C of… Read More »

Review of Companies Act 2013 by Govt

By | December 2, 2015

Review of Companies Act  The Companies Law Committee was constituted (Annexure-I) in fulfillment of an assurance made by the Corporate Affairs Minister during discussion on Companies (Amendment) Bill, 2014 in the Rajya Sabha in response to the concerns raised by Members in Rajya Sabha as well as for addressing issues raised by various stakeholders regarding… Read More »

Independent Directors in PSUs

By | December 2, 2015

Section 149(4) of Companies Act, 2013 mandates appointment of independent directors by listed companies. Further, as per Rule 4 of Companies (Appointment and Qualifications of Directors) Rules, 2014 the following class of companies shall have atleast two independent directors:- • the Public Companies having paid up share capital of ten crore rupees or more; or… Read More »

100 Per Cent FDI in Medical Devices

By | December 2, 2015

To give impetus to the medical devices sector and for easing the norms the Government vide Press Note 2 (2015 series) dated 21.01.2015 allowed 100% FDI under the automatic route for brownfield projects of medical devices industry. The measure undertaken would help in easing the process of foreign investment in this industry which, in turn,… Read More »

” Corporate connect ” for TDS compliance by Banks / Corporate

By | December 2, 2015

F.No.:DGIT(S)/CPC(TDS)/Corp_Authentication Mech/2015-16/14557-14690 Govt of India Ministry of Finance Central Board of Direct Taxes  Director of Income Tax (Systems) New Delhi Notification No 3 /2015 New Delhi,1st of December 2015 Stringent Authentication mechanism through corporate Head Quarter server for filing of correction statements & download of TDS Certificates , Consolidated files etc by banks /Corporate regarding