Monthly Archives: February 2016

Frame uniform scheme for Compensation to Rape Victim physically handicapped women : Supreme Court

By | February 12, 2016

HELD All the States and Union Territories shall make all endeavour to formulate a uniform scheme for providing victim compensation in respect of rape/sexual exploitation with the physically handicapped women as required under the law taking into consideration the scheme framed by the State of Goa for rape victim compensation; IN THE SUPREME COURT OF… Read More »

Directors can not be appointed if age above 70 years

By | February 12, 2016

Facts of the case On 1st April 2014, Companies Act was amended and by the Amendment Act of 2013, a new clause was introduced in Section 196(3)(a). By virtue of the said amendment vide sub-clause (3)(a), additional disqualification was added to the disqualifications which already existed in the said provision namely a Managing Director could… Read More »

Notification No. 24/2016 – Customs Amend Exchange rate notification

By | February 12, 2016

Exchange Rate notification with effect from 13th February, 2016 thereby amending Notification No.18/2016-Customs (N.T.), dated 4th February, 2016 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS)  Notification No. 24/2016 – Customs (N.T.)  Dated the 12th  February, 2016 23 Magha, 1937 (SAKA)   In exercise of the powers conferred… Read More »

Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit

By | February 12, 2016

RBI/2015-16/322 DCBR.CO.SCB.Cir. No. 1/13.05.000/2015-16 Magha 22,1937 February 11, 2016 To Chief Executive Officers Primary (Urban) Cooperative Banks (Scheduled Banks holding AD Category I Iicences) Dear Sir/Madam Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit The Government of India has announced the Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit… Read More »

RBI clarify Legal Guardianship Certificates in case of person with mental disorder

By | February 12, 2016

Source Reserve Bank of India RBI/2015-16/321 DBR.No.Leg.BC.78/09.07.005/2015-16 February 11, 2016 The Chairman/Chief Executives (All Scheduled Commercial Banks other than RRBs) Dear Sir, Legal Guardianship Certificates issued under the Mental Health Act, 1987 Please refer to Circular DBOD.No.Leg.BC.84/09.07.005/2013-14 dated January 13, 2014 wherein banks were advised, inter alia, to take note of the legal provisions in… Read More »

Govt Website for Grievances Against Misleading Advertisements

By | February 12, 2016

Portal For Grievances Against Misleading Advertisements (http://gama.gov.in/) What is GAMA? The Department of Consumer Affairs has launched this portal for registering online complaints for Grievances Against Misleading Advertisements (GAMA ). What is a misleading advertisement? Any advertisement or promotion through Television, Radio, or any other electronic media, Newspapers, Banners, Posters, Handbills, wall-writing etc. to misrepresent… Read More »

Govt to launch Electronics Development Fund

By | February 12, 2016

Minister for Telecom & IT to Launch Electronics Development Fund (EDF)  Department of Electronics & Information Technology and M/s. Canbank Venture Capital Fund Ltd will Launch Electronics Development Fund (EDF) on Monday in Mumbai. Shri Ravi Shankar Prasad, Hon’ble Minister for Communications & Information Technology” will formally announce the launch with handing over of the… Read More »

FIR lodged by public servant can’t be quashed on basis of compromise

By | February 12, 2016

“FIR lodged by public servant alleging assault, use of criminal force and deterring him from discharge of public duty, cannot be quashed on the basis of compromise. The officer lodging the FIR loses the competence to enter into an amicable settlement on behalf of the State. In the instant case petitioner subverted the election process.… Read More »