corporate law

RBI has increased cash reserve ratio by 75 bps to 5.75 Percent , the hike would happen in two stages, the first stage of hike of 50 bps will be effective from February 13 and the next 25 bps from February 27. RBI has not touched the the reverse repo rate which is at 3.25 percent and repo rate which is at 4.75 percent. CRR hike would suck out Rs 36,000 cr..

It is official. The much-anticipated Goods and Services Tax (GST), which will replace most of the indirect taxes levied by the Centre and states, will not be introduced from the targeted date of April 1. The Bills pertaining to the introduction of a new law and amendment to the Constitution will not be tabled in the coming Budget session of Parliament. Finance Minister Pranab Mukherjee and sta..

Ahead of the Reserve Bank’s quarterly monetary policy, RBI  is likely to signal interest rate hikes to suck out liquidity from the market and check prices from spiraling further.  Reserve Bank may also raise the amount banks need to park with the apex bank (CRR) by up to 50 basis points.  Reserve Bank could raise the short-term borrowing (revers..

Committee on Comprehensive Regulation for Credit Rating Agencies suggests Strengthening of Existing Regulations Wednesday, January 27, 2010 div style="text-align..

Absence of written contract shouldn’t hamper dispute settlement: SC 27 Jan 2010, 0310 hrs IST, Sanjay K Singh, ET Bureau   NEW DELHI : The Supreme Court has ruled that the absence of a signed contr..

Two dead flies in a soft drink bottle proved costly for a beverage company with the Delhi [ Images ] State Consumer Commission directing it to deposit Rs 1 lakh (Rs 100,000) with the State Consumer Welfare Fund on account of negligen..

Those trying to evade the taxman may find that showing a lower income has just got tougher. The Bombay high court on Thursday, in a significant ruling, held that the income-tax department can rely on any relatable document when it comes to a block assessment. A bench headed by Justice D Y Chandrachud essentially made it easier for the tax officials to add or join ot..

RBI/2009-10/285 DBOD. AML.BC. No. 68 /14.01.001/2009-10 January 12,  2010 The Chairmen and Chief Executive Officers (All Scheduled Commercial Banks excluding RRBs) / Financial Institutions/ Local Area Banks Dear Sir, Prevention of Money-laundering (Maintenance of Reco..

RBI/2009-10/284 IDMD.DOD. 05 /11.08.38/2009-10 January 8, 2010 To All Market Participants Ready Forward Contracts in Corporate Debt Securities A reference is invited to paragraph 111 of the Second Quarter Review..

RBI/2009-10/ 286 A.P. (DIR Series) Circular No.25 January 13, 2010 To All Authorised Dealers in Foreign Exchange Madam / Sir, Purchase of Immovable Property in India by Persons of Indian Origin (PIOs) – Amendment of the definition/..

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The government will sift through the financial data filed by companies with the Registrar of Companies to get a better picture of their investments and expenditure, helping it get better inputs for key policy decisions such as tax incentives. Financial details submitted with the RoC will be aggregated under various parameters such as investments, deposits and trade debt, a govern..

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The Securities and Exchange Board of India (Sebi) is looking forward to make the extensible business reporting language (XBRL) technology mandatory for listed companies in the mutual fund sector. Sebi has already made it mandatory for the top 100 companies to adopt XBRL. On the sidelines of a CII conference on corporate governance, Usha Narayanan, executive director, Sebi said, “Se..

The Bangalore Income Tax Appellate Tribunal (the Tribunal) in recent case of Associated Electronic & Electrical Industries Pvt. Ltd. v. DCIT (2009-TIOL-263- ITAT-BANG) held that transfer of trade mark is not transfer of goodwill as the goodwill of a business cannot be sold without selling business itself. Thus, the trade mark and goodwill..