Cross-border capital raising: unlisted firms may issue abroad without immediate Indian listing subject to disclosure, FDI and use-of-proceeds rules.
Unlisted companies may raise capital abroad through foreign currency convertible bonds or depositary receipts without mandatory Indian listing for an initial limited period, provided they list on compliant foreign exchanges, submit to SEBI the returns filed with the foreign exchange/regulator, satisfy SEBI disclosure requirements, comply with FDI policy, and use proceeds for retiring overseas debt or foreign operations; unutilised funds must be repatriated within a short timeframe and parked in authorised dealer banks recognised by the central bank.

Local office establishment extends regulatory oversight for investor protection and grievance redressal within its territorial jurisdiction and financial education.
The Board has established a Local Office at Ranchi under the administrative control of its Eastern Regional Office at Kolkata to oversee investor protection, facilitate redressal of investor grievances, provide financial and investor education, and perform other assigned regulatory functions within the State's territorial jurisdiction.

Tariff concessions under IMCECA expanded, substituting the customs notification schedule to grant reduced duties on specified imports.
Amends Notification No. 53/2011 Customs by substituting the entire tariff Table to provide deeper tariff concessions for specified goods from Malaysia under IMCECA; the Central Government, under section 25(1) of the Customs Act and in the public interest, issues a revised list of chapter/heading/tariff items with the applicable ad valorem rates, predominantly nil or reduced percentages, governing customs duty treatment for those imports.

Anti-dumping duty continuation on ductile iron pipe imports from China; specified rates and duration maintained.
Continuation of anti-dumping duties on ductile iron pipe imports from the People's Republic of China was ordered after a sunset review found likely increased dumped and injurious exports and probable injury to domestic industry; specific per metric tonne rates in US dollars were prescribed for listed tariff items, producers and exporters, the duty to be leviable for the notified period and payable in Indian currency with the government determined rate of exchange.

Anti-dumping duty on Cefadroxil Monohydrate imports imposed; differentiated duties apply by producer and exporter, payable in domestic currency.
Imposition of definitive anti-dumping duty on imports of Bulk Drug Cefadroxil Monohydrate from the European Union, with specified duty amounts tied to named producer-exporter combinations and residual rates for other combinations. Duty is payable in Indian currency for five years from Gazette publication, with the rate of exchange for calculation set by separate government notifications and the relevant date for exchange determination being the date of presentation of the bill of entry under section 46 of the Customs Act.

Minimum Export Price for branded edible oil consumer packs reduced, altering export pricing requirement with immediate effect.
Exports of edible oils in branded consumer packs of up to five kilogram capacity are permitted subject to a Minimum Export Price, and the notification reduces the previously prescribed Minimum Export Price for such packs, the amendment taking immediate effect as an adjustment to the relevant serial in the ITC(HS) Classification of Export & Import Items.

SME institutional trading platform listing allows listing without IPO subject to eligibility, disclosure and restricted capital raising rules.
A framework allows SMEs to list specified securities on an institutional trading platform without an IPO, subject to defined eligibility (clean regulatory record, limits on age, revenue and paid up capital, audited accounts and prior institutional or validated investment or financing). Listing requires filing an information document with prescribed disclosures, public hosting, in principle exchange approval and adherence to exchange bye laws. Public offers are prohibited while listed; capital may be raised by private placement or rights issue under disclosure, shareholder approval and pricing safeguards. Promoter shareholding minimums, lock in, trading dematerialisation and exit/delisting rules are specified.

Special casual leave for child care introduced for female employees to care for eldest surviving children with specified conditions.
Special casual leave for child care grants female employees leave to care for their two eldest surviving children under twelve years for specified days per annum per child, covering medical, educational and child rearing needs. The leave cannot be clubbed with other leave, counts intervening holidays, may be taken in multiple spells in a calendar year, lapses if unavailed, and does not permit leave fare concession. Prior approval of the competent authority is required, though intimation within 24 hours is allowed in genuine exigency and delays may be condoned; 'child' includes natural and adopted children.

Deduction under Section 35AC: specified institutions' approved projects allowed tax-deduction ceilings for three specified financial years.
The notification designates specified non-profit institutions and approves particular projects, stating estimated project costs and fixing the maximum amount of such cost eligible for deduction under Section 35AC. Fifteen named institutions and their discrete projects are listed, some including corpus funds, with each project's deductible ceiling specified. The approval is time limited to three financial years commencing with 2013 14, and the amounts in the Table constitute the maximum deduction allowable under the statutory provision for that period.

Reverse mortgage amendment expands annuity sourcing and allows lenders to disburse via periodic, lump-sum, or annuity channels.
Amendment adds annuity sourcing institution to include LIC or other IRDAI-registered insurers, revises disbursement rules to allow periodic payments, or lump-sum tranches not exceeding fifty per cent of the sanctioned loan, or payment in part or full to the annuity sourcing institution for annuity payments, and limits loan tenure to twenty years where payments go to the mortgagor or to the borrower's residual lifetime where payments are made to the annuity sourcing institution.

SEZ de notification alters the notified SEZ land area following government approval under the SEZ Act and Rules.
De notification of part of the Jamnagar multi product SEZ is made under the second proviso to sub section (1) of section 4 of the SEZ Act, 2005 and rule 8 of the SEZ Rules, 2006, following Reliance Industries Ltd.'s proposal and Central Government approval. The notification lists affected survey numbers, specifies area reductions per parcel in a table, states the total area de notified, and records the revised total area of the SEZ.

Tax classification of sunglasses: removed from the scheduled VAT category, changing their VAT treatment from the notified effective period.
The Third Schedule amendment modifies item 115 to treat, for the earlier listed timeframe, spectacles, sunglasses, their parts, contact lenses and lens cleaner as scheduled items, and for the later timeframe to treat spectacles, their parts, contact lenses and lens cleaner as scheduled items while expressly excluding sunglasses and their parts.

Group company definition updated: control via voting rights or board appointments now governs overseas security transfers, with retrospective effect.
The Regulations insert a definition of Group company into Regulation 2, defining it as two or more enterprises which, directly or indirectly, can either (i) exercise twenty-six per cent or more of voting rights in the other enterprise, or (ii) appoint more than fifty per cent of members of the board of directors of the other enterprise; and state the Regulations are deemed to have come into force from June 3, 2013 with a clarification that no person will be adversely affected by the retrospective effect.

Bonus distribution of non-convertible securities to non-resident shareholders allowed subject to acquisition, company and tax conditions.
Permits Indian companies under a Court approved Scheme of Arrangement to issue non-convertible redeemable preference shares or debentures as bonus distributions to non-resident shareholders from general reserves, subject to: original acquisition compliance with FEMA and the relevant Schedule; adherence to the Companies Act and scheme terms; possession of a No Objection Certificate from the Income Tax authority; and exclusion of activities/sectors listed in Annex A to Schedule 1.

Foreign exchange regulation amendment removes a specific clause from transfer or issue of security rules, changing compliance obligations.
The Reserve Bank of India amends the principal Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations by deleting clause (a) of Regulation 10A(b)(v); the Fourteenth Amendment, 2013 takes effect on publication in the Official Gazette under powers conferred by the Foreign Exchange Management Act.

Credit enhanced bonds inclusion under FEMA expands permitted instruments for non-resident transfers and issues abroad.
Addition of credit enhanced bonds to Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 at three specified sub paragraph locations, thereby recognising them as instruments permissible for transfer or issue by persons resident outside India.

Permission of the Board required for most securities contracts; exceptions include spot, derivatives, pre-emption and delivery-settled options.
SEBI rescinds its prior notification and prohibits entering into contracts for sale or purchase of securities except with the permission of the Board, while specifying exceptions: spot delivery contracts; permissible securities or derivatives contracts under the securities enactments and exchange rules; pre-emption, right of first refusal, tag along and drag along rights in shareholders agreements; and shareholders agreement options for sale or purchase where ownership is continuously held, applicable laws govern consideration, and settlement is by actual delivery. These exceptions must comply with the Foreign Exchange Management Act and do not validate prior contracts.

Capital investment subsidy eligibility in Jammu & Kashmir clarified, with scope, exclusions, approval and disbursement procedures.
The Central Capital Investment Subsidy Scheme, 2012 provides capital investment subsidy to new industrial units and existing units undertaking substantial expansion in Jammu & Kashmir, based on eligible investment in plant and machinery, subject to specified rates and ceilings, exclusions for second hand and cash paid procurements, a negative list of ineligible activities, pre registration and filing timelines, valuation certification by banks or JKDFC, approval by State Level and Empowered Committees, disbursement by JKDFC, and recovery and reporting obligations including five year post commencement monitoring.

Insurance subsidy for eligible industrial units under J&K package provides comprehensive premium cover and prescribed claim procedures.
Scheme provides a government-paid comprehensive insurance premium subsidy for eligible new and substantially expanded industrial units under the Jammu & Kashmir package, available to units that pre-register and commence production within the scheme period and file claims at the District Industry Centre; subsidy covers the full premium for a limited post-commencement period, sum insured is on market valuation, and substantial expansion is defined by a specified increase in fixed capital investment.

Interest subsidy on working capital: central scheme provides limited rate support to eligible new industrial units in J&K.
Notification creates the Central Interest Subsidy Scheme, 2012 for new industrial units in Jammu & Kashmir, providing an interest subsidy on average actual daily working capital borrowings for up to five years from commencement of commercial production, subject to pre registration, claim filing within one year, non NPA status, single scheme restriction, and exclusion by a prescribed negative list. JKDFC is the disbursing agency acting on the recommendation of a State Level Committee which verifies eligibility, quantum and oversight; annual verification and reporting requirements and refund powers for misrepresentation or cessation of operation within five years apply.