Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017
The Central Government, under powers conferred by Section 156 of the Customs Act, 1962, introduced these rules through G.S.R. 803(E) dated 30th June, 2017. The primary objective was to streamline procedures for availing concessional duty exemptions, ensuring transparency, accountability, and compliance in the utilization of imported goods.
Compendium on GST Council’s 56th Meeting – Impact on Major Industries
The 56th GST Council meeting (3rd September 2025) introduced sweeping rate rationalisations and reforms. This compendium presents industry-specific analyses for major industries impacted by the GST rates rationalization, with highlights of positive impacts, challenges, and outlooks for each sector.
Understanding Licensing under the Petroleum Act, 1934: Classification and Regulatory Criteria
The Petroleum Act, 1934 regulates the import, storage, transport, and handling of petroleum products in India. This article outlines the classification of petroleum, key eligibility criteria, and the step-by-step licensing procedure under the Act. It serves as a quick reference for professionals navigating compliance in the petroleum sector.
Limited relaxation from compliance with certain provisions of the SEBI (LODR) Regulations, 2015
SEBI, vide circular dated October 06, 2023, had relaxed the applicability of Regulation 58(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”) till September 30, 2024 based on the relaxations provided by Ministry of Corporate Affairs (MCA) vide General Circular no. 09/2023 dated September 25, 2023.
Procedure for Declaration & Payment of Dividend
Dividend, inclusive of interim dividend, is an equal distribution of profits of the company amongst its shareholders from the investments made by such shareholders in the share capital of the company
Procedure for Declaration and Payment of Interim Dividend
As per Section 2(35) of the Companies Act, 2013, the term dividend” includes any interim dividend. The Board of Directors of a company may declare interim dividend during any financial year or at any time during the period from closure of financial year till holding of the annual general meeting out of the surplus in the profit and loss account or out of profits of the financial year for which such interim dividend is sought to be declared or out of profits generated in the financial year till the quarter preceding the date of declaration of the interim dividend.
Procedure for Right Issue of Equity Shares by a Private/Public Limited Company
• Where a company having share capital proposes to increase its subscribed capital by issuing further shares, such shares shall be offered to the existing equity shareholders of the company in proportion to the paid-up share capital of those shares by sending letter of offer.
Procedure for Private Placement in Public & Private Companies
A private placement refers to the offering or issuance of securities by the Company to a specific group of identified individuals, rather than through a public issue.
Procedure for the Appointment of an Additional Director
Board of Directors has the power to appoint any director as an additional director other than a person who fails to get appointed as a director in a general meeting, if authorized by the Article of Association (AoA) of the company.
Procedure for Appointment of Small Shareholders’ Director
A listed company may appoint a small shareholders’ director suo moto or upon receiving notice from either one thousand small shareholders or one-tenth of the total number of small shareholders, whichever is lower.