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National Company Law Tribunal (Salary, Allowances and other Terms and Conditions of Service of President and other Members) Rules, 2015
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Remuneration framework for tribunal members sets pay, allowances, pension and provident fund treatment, and leave entitlements.
Prescribes pay and allowance entitlements for the President and Members of the Tribunal aligned with Central Government pay grades, requires reduction of pay by pension amounts received, and sets pension and provident fund regimes based on prior service status, with no additional pension or gratuity for Tribunal service.
Securities and Exchange Board of India (Shares Based Employee Benefits) (Amendment) Regulations, 2015.
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Employee eligibility changes expand covered personnel, tighten exclusions and modify transfer and trustee voting provisions under SEBI amendment.
Amendments redefine employee to include permanent employees and non-independent directors while excluding promoters and directors holding more than ten per cent of equity; specify that share transfers may occur whether off-market or on the platform of a stock exchange; remove the word "associate" from a restriction provision; and modify trustee voting rules by shortening a prescribed period and allowing trustees to continue voting for a transitional period commencing from 28th October, 2014, with these regulations effective upon Gazette publication.
All Principal Commissioners who have been given additional charge of a Chief Commissioner can exercise the powers of The Chief Commissioner
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Delegation of Chief Commissioner powers: Principal Commissioners with additional charge may exercise Chief Commissioner authority within the notified jurisdiction.
The Central Board of Excise and Customs, under sub-section (1) of section 5 of the Customs Act, 1962, invests specified officers with the powers of Customs Officers of the ranks shown in the Table for the jurisdiction in Notification No. 77/2014-Customs (N.T.). All Principal Commissioners given additional charge of a Chief Commissioner by Board Office Order are empowered to exercise the powers and authorities of the Chief Commissioner within that jurisdiction.
All Principal Commissioners who have been given additional charge of a Chief Commissioner can exercise the powers of The Chief Commissioner
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Delegation of Chief Commissioner powers allows Principal Commissioners with additional charge to exercise Chief Commissioner authority in the specified jurisdiction.
Principal Commissioners given additional charge of a Chief Commissioner are authorised to exercise the Chief Commissioner powers in the jurisdiction specified in Notification No. 27/2014-Central Excise, pursuant to clause (b) of the Central Excise Act and rule 3 of the Central Excise Rules, 2002, by the Board's investing notification and the Board's office order designating additional charge.
All Principal Commissioners who have been given additional charge of a Chief Commissioner can exercise the powers of The Chief Commissioner
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Delegation of Chief Commissioner powers: Principal Commissioners with additional charge may exercise those functions under service tax rules.
Principal Commissioners given additional charge are authorised to exercise the powers of the Chief Commissioner for the jurisdiction specified in Notification No. 20/2014-Service Tax. The delegation is made under clause (b) of section 2 of the Central Excise Act and rule 3 of the Central Excise and Service Tax rules, and is effected by the Central Board of Excise and Customs via the cited notification and Office Order conferring additional charge.
Repealed of Regulations.
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Regulatory repeal: Procedure for Search and Seizure regulations withdrawn, bringing earlier regime to an end upon Gazette publication.
The notification enacts the Securities and Exchange Board of India (Procedure for Search and Seizure) Repeal Regulations, 2015, made under the authority to make regulations, providing that the repeal regulations take effect on publication in the Official Gazette and that, from their commencement, the Securities and Exchange Board of India (Procedure for Search and Seizure) Regulations, 2014 are repealed.
Appointment of Assistant Commissioner cum VATO
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Appointment of Addl. Commissioner-cum-VATO: officer designated to assist VAT Commissioner under statutory rule-based authority.
Appointment of Addl. Commissioner-cum-VATO to assist the Commissioner of Value Added Tax under the Delhi VAT Act and Rules, effective from date of assumption of charge. Notification dated 17-09-2015 names Sh. Yogesh Jain, with physical joining recorded on 28/07/2015, issued by the Finance (Revenue-I) Department and authorised by the Deputy Secretary in the name of the Lt. Governor.
Seeks to further amend Notification No.12/2012-Customs dated 17.03.2012
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Customs exemption rate revisions alter specified tariff entries and update manifest and cargo conditions for coastal voyages.
The notification amends the principal customs exemption by substituting revised percentage entries in the Table for multiple serial numbers, thereby changing concessional tariff rates; replaces Condition No.101 clauses to require carriage of containerised cargo (export-import, empty or domestic) and filing of IGM/EGM in each leg of voyage; and inserts two power project units into List 33 to include them within the notification's scope.
Seeks to further amend Notification No.12/2012-Central Excise dated 17.03.2012
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Exemption conditions for containerised shipping updated to require filing of import or export manifests for each voyage leg.
Amendment revises Condition No. 52 of the ANNEXURE: clause (iii) is replaced to specify that the exemption applies where ships or vessels carry containerised cargo-export import cargo, empty containers or domestic cargo-between such ports; clause (iv) is replaced to require filing of an import manifest (IGM) or an export manifest (EGM), as applicable, in each leg of the voyage.
Central Government prescribes the mandatory threshold of the aggregate value of Foreign Exchange, Foreign Security or any immovable property, situated outside India as not less than rupees one crore
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Mandatory threshold for foreign assets established under FEMA, requiring a prescribed minimum aggregate value for cross border holdings.
The Central Government, under the proviso to sub section (1) of Section 37A of the Foreign Exchange Management Act, prescribes a mandatory threshold for the aggregate value of Foreign Exchange, Foreign Security or any immovable property situated outside India, thereby establishing a statutory minimum aggregate value applicable to those categories of foreign assets.
Central Government authorised the officers of the Directorate of Enforcement
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Authorisation of enforcement officers as Authorised Officer under FEMA empowers designated ranks to perform statutory enforcement functions.
The Central Government authorises officers of the Directorate of Enforcement holding the rank of Assistant Director or above to act as Authorised Officer under the Foreign Exchange Management Act, delegating to them the statutory functions and duties of an authorised officer by administrative notification and linking the scope of that delegation to rank eligibility and formal appointment.
The Companies (Acceptance of Deposits) Second Amendment Rules, 2015.
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Director deposits: allowed with written non-borrowed funds declaration and mandatory Board report disclosure.
Rules amend deposit acceptance provisions to allow amounts received from a director or a director's relative only if accompanied by a written declaration that funds are not sourced from borrowed money or deposits from others, with mandatory disclosure of such receipts in the Board's report; they also expand the accounting base by substituting "paid-up share capital, free reserves and securities premium account" for the prior phrase and update the specified Brickwork rating entry to "BWR FBBB."
Rate of exchange of conversion of the foreign currency with effect from 18th September, 2015
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Exchange rate determination for customs conversions establishes specified forex rates for import and export goods effective mid-September.
Determination of exchange rates for customs conversions prescribes specific rupee equivalents for listed foreign currencies for use in assessing imported and exported goods, setting separate import and export rates in two schedules (per unit and per hundred units), effective from the stated effective date and superseding the earlier exchange-rate notification.
Tariff Notification in respect of fixation of T V of Edible oil, Brass, Poppy seed, Areca nut, gold and Sliver
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Fixation of tariff values sets customs valuation benchmarks for specified edible oils, metals, and agricultural commodities.
The Central Board of Excise & Customs, invoking powers under the Customs Act, substitutes three tables in the principal notification to fix tariff values for specified imported goods. The amendment prescribes US dollar tariff values per metric tonne for selected edible oils, brass scrap, poppy seeds and areca nuts, and unit values for gold and silver tied to specified notification entries, thereby updating the valuation benchmarks applicable under the existing customs notification framework.
Application for renewal recognition of stock exchanges.
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Renewal of recognition for a stock exchange under SCRA, subject to continuing compliance with regulator-imposed conditions.
Renewal of recognition is granted to Metropolitan Stock Exchange of India Limited under the Securities Contracts (Regulation) Act for a one-year period in respect of contracts in securities, on the condition that the Exchange complies with conditions specified by the regulator from time to time and any further conditions that may be prescribed or imposed.
Appointment of Addl Commissioner / Joint Commissioner
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Appointment under Delhi Value Added Tax Act: three officers designated to assist the Commissioner in VAT administration.
Under statutory authority derived from the Delhi Value Added Tax Act and Rules, the Lt. Governor has notified the appointment of three officers to assist the Commissioner of Value Added Tax, effective from their dates of physical joining/assumption of charge: Ms. Sonika Singh and Sh. Kapil Singh as Additional Commissioners, and Sh. Ajay Kumar as Joint Commissioner, formalizing delegation of administrative responsibilities within the Value Added Tax Department.
Amendment in import policy conditions of apples under Exim code 0808 10 00 of Chapter 08 of ITC (HS), 2012–Schedule–1 (Import Policy).
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Import restriction: apples permitted entry only via Nhava Sheva port under amended Exim code, effective immediately.
Imports of apples under Exim code 0808 10 00 are now permitted only when landed through Nhava Sheva port, converting the prior free import classification into a port-specific admission requirement and centralising import processing for that commodity at the designated port.
Seeks to levy provisional safeguard duty on Hot-rolled flat products of non-alloy and other alloy Steel in coils of a width of 600 mm or more [heading 7208 or tariff item 7225 30 90] at the rate of 20% for a period of 200 days.
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Provisional safeguard duty on hot-rolled steel imports to protect domestic industry during an interim protective period.
A provisional ad valorem safeguard duty is imposed on imports of hot-rolled flat products of non-alloy and other alloy steel in coils of width 600 mm or more, based on preliminary findings that increased imports have caused and threaten to cause serious injury to domestic industry; the duty applies to specified tariff items for a limited provisional period from Gazette publication, and specific product categories are expressly excluded from the scope.
Set up a sector specific Special Economic Zone for biotech and pharmaceuticals sector at village Hadapsar/Manjri, Village, District-Pune in the State of Maharashtra
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SEZ de-notification reduces zone area following administrative approval and state no-objection and Development Commissioner recommendation.
The Central Government, invoking the second proviso to sub section (1) of section 4 of the Special Economic Zones Act, 2005 and rule 8 of the SEZ Rules, 2006, hereby de notifies specified survey parcels of a sector specific Special Economic Zone for biotech and pharmaceuticals at Hadapsar/Manjri following a proposal by M/s Serum Bio pharma Park, State Government no objection, and Development Commissioner recommendation, thereby reducing the SEZ area and amending the schedule of survey numbers.
Prevention of Money-laundering (Maintenance of Records) Third Amendment Rules, 2015.
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Record retention period extended under PMLA maintenance rules, changing the prescribed time for compliance upon Gazette notification.
Amendment revises the Prevention of Money-laundering (Maintenance of Records) Rules, 2005 by substituting the shorter prescribed time period in the specified rule with a longer period, thereby altering the temporal compliance requirement for entities subject to the Rules; the Third Amendment Rules, 2015 take effect on publication in the Official Gazette and were issued by the Ministry of Finance (Department of Revenue).

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