Foreign venture capital investment pathway established, allowing registered investors to invest in Indian venture funds and undertakings under RBI/SEBI conditions.
Registered Foreign Venture Capital Investors may, subject to SEBI registration and RBI permission, invest in Venture Capital Funds, Indian Venture Capital Undertakings or schemes by acquiring equity, equity linked instruments, debt or units through public offers, private placements or fund schemes; consideration must be by inward remittance or funds held with a designated authorised dealer, and RBI may permit FVCIs to maintain foreign currency and rupee accounts with specified transactional permissions.

Tax exemption approval under section 10(23G) subject to compliance and audit conditions for approved infrastructure enterprises.
Approval is granted to certain enterprises as approved enterprise/industrial for the purposes of section 10(23G) of the Income-tax Act read with rule 2E of the Income-tax Rules for specified assessment years, conditional on conformity with those provisions. The Central Government may withdraw approval if the enterprise ceases to provide an infrastructure facility, fails to maintain books of account or get them audited as required by rule 2E, or fails to furnish the required audit report.

Exchange rate determination for export goods fixing foreign currency conversion rates and superseding the prior notification.
Determination under the Customs Act fixes conversion rates for specified foreign currencies for export goods, superseding the prior notification and making the rates operative from the stated commencement date. The instrument implements two schedules: Schedule I (rates per one unit of currency) and Schedule II (rates per one hundred units) to be used for conversion into Indian rupees for export valuation and customs purposes.

Exchange rate declaration: prescribed conversion rates for import valuation and stamp duty under Customs and Stamp Acts.
Prescribes official exchange rates for conversion between specified foreign currencies and Indian rupees for calculating stamp duty and for purposes of section 14 of the Customs Act in relation to imported goods, superseding the prior notification and declaring that the rates in the appended schedules apply with effect from 1st January, 2001.

Official Liquidator appointments establish offices to administer company liquidations in newly formed states under Companies Act.
The Central Government, under the Companies Act, 1956, directs that offices at Indore, Allahabad and Patna be established and appoints Official Liquidators there to carry out the liquidation of companies in the States of Chhattisgarh, Uttaranchal and Jharkhand respectively, thereby providing territorial administrative centres for winding-up proceedings following state reorganisation.

Offices for company registration established, assigning Registrars to serve new states for corporate registration under Companies Act.
The Central Government, under powers conferred by the Companies Act, establishes offices at Gwalior, Kanpur and Patna as points for registration of companies in Chhattisgarh, Uttaranchal and Jharkhand, and appoints the Registrars of Companies at those offices as the Registrars responsible for company registration in the respective States.

Prohibition on sole selling agents: appointment barred for Vanaspati sales in India to address supply-demand imbalance.
A notification under the Companies Act prohibits companies from appointing sole selling agents for the sale of Vanaspati in India, based on a finding that demand substantially exceeds production or supply and that exclusive agency services are unnecessary to create a market; the prohibition applies for a two-year period from the notification's publication.

Export deadline extension for onion shipments: shipment window extended to mid-January to facilitate compliant exports.
The Central Government extended the last date for shipment for onion consignments covered by ITC(HS) Code No. 0703(1) (excluding Bangalore rose and Krishnapuram rose onions) from 15 December, 2000 to 15 January, 2001 by amending Schedule-2, Table-B of the ITC(HS) Classification under powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 and relevant Export and Import Policy paragraphs; the notification states the measure issues in public interest.

Rescission of anti dumping notification withdraws prior exemption prospectively while preserving prior acts and omissions.
The central government, exercising powers under the Customs Tariff Act and the anti dumping procedural rule, rescinds the earlier customs exemption notification and withdraws its prospective effect, while expressly preserving actions or omissions completed before the rescission through a saving provision.

Anti-dumping duty on black and white photographic paper imposed; duty equals specified reference amounts minus landed value.
Anti dumping duty is imposed on black and white photographic paper (resin coated and fibre based) from the United Kingdom, France and Hungary under sub headings 3703.10 and 3703.90. For named exporters and other exporters the duty equals the difference between the notification's reference amount per square meter and the imported paper's landed value per square meter. The duty is effective from the provisional duty date, payable in Indian currency, with "landed value" and applicable exchange rate defined for calculation.

Anti-dumping duty imposed on Phthalic Anhydride imports from Indonesia, payable in local currency under prescribed exchange rules.
Imposition of anti-dumping duty on Phthalic Anhydride imports from Indonesia after findings of export below normal value causing material injury; duty applies to goods under sub heading 2917.35, is specified in foreign currency but payable in Indian currency using the government published exchange rate, with the relevant conversion date being the bill of entry presentation and effective from the provisional duty imposition date.

Anti-dumping duty on sodium nitrite from China imposed as difference between reference price and landed value.
The Central Government, relying on the designated authority's findings of dumping, material injury and causal link, imposes an anti-dumping duty on Sodium Nitrite from the People's Republic of China. The duty is calculated as the difference between a prescribed reference price per metric tonne and the landed value per metric tonne; it is effective from the provisional duty date and payable in Indian currency. "Landed value" is the assessable value under the Customs Act (excluding certain tariff duties), and the rate of exchange is the notified rate on the bill of entry date.

Customs exemption criteria updated: Railway Protection Force added and Ministry inclusion expanded, preserving Under Secretary certification requirement.
The amendment broadens eligibility under S.No. 20 by adding the Railway Protection Force to the listed security forces in condition (a) and expands certification authority in condition (b) to include the Ministry of Railways alongside the Ministry of Home Affairs, requiring an officer not below the rank of Under Secretary in the relevant Ministry to certify entitlement.

Additional Principal Bench introduced for Southern Region to hear specified company law matters with venue at Chennai and flexible sittings.
Amendments create an Additional Principal Bench for the Southern Region, empowering the Chairman to assign matters under sections 235 and 237 and Chapter VI of Part VI relating to the Southern Region to a Bench of not less than two Members; the Additional Principal Bench is located at Chennai but may sit elsewhere in the Southern Region, and regulatory provisions, Annexure I, and Annexure II forms are revised to include references to the Additional Principal Bench.

Charitable exemption under section 10(23C)(iv) granted subject to strict application, investment, reporting and dissolution conditions.
Notification designates Jnana Prabodhini, Pune as a recipient of the charitable exemption under section 10(23C)(iv) for assessment years 2000-2001 to 2002-2003, subject to conditions: apply or accumulate income exclusively to institutional objects; limit investments to forms permitted by section 11(5) (except specified in kind voluntary contributions); treat business income as incidental and maintain separate books; file regular income tax returns; and on dissolution transfer surplus and assets to a charitable organisation with similar objectives.

Exchange rate determination amended for Swedish Kroner conversion affecting export goods under customs notification by central government
The Central Government, under the Indian Stamp Act and the Customs Act, amends Notification No. 71/2000-Cus. (N.T.) by substituting the Schedule-I entry for serial No. 12 to fix the exchange rate for Swedish Kroner for export goods; the substituted Schedule provision is effective from 13th December, 2000.

Exchange rate fixation for imported goods amended to update the Swedish Kroner entry, effective from the notified date.
The notification amends the customs exchange-rate schedule by substituting the Schedule-I entry for Swedish Kroner with a specified rate of exchange, and declares that this rate is effective from the date stated, thereby altering the rate applicable to imported goods under the cited prior notification.

Anti-dumping designated authority appointed as Joint Secretary in Department of Commerce to administer relevant rules.
The Central Government appoints the Joint Secretary, Department of Commerce, as the designated authority under the Customs Tariff anti-dumping Rules, 1995, until further orders, superseding the earlier notification except as to actions taken or omitted before that supersession; a later notification substitutes the term Joint Secretary for Additional Secretary.

Exchange rate fixation establishes amended export valuation, updating Swiss franc conversion and altering customs notification obligations under statutory authority.
The Central Government amends Notification No. 71/2000-Cus. (N.T.) by substituting the Schedule-I entry for serial No. 13, designating the Swiss Franc as the foreign currency and prescribing the rate of exchange for one unit of that currency for export valuation; the revised rate is effective from 12th December, 2000.

Exchange rate fixation updates foreign currency valuation, amending prior customs notification and prescribing a new operative rate.
Amends Notification No. 70/2000-Cus. (N.T.) by substituting the Schedule entry for the Swiss Franc to fix the rate of exchange for imported goods under powers from the Indian Stamp Act, 1899 and the Customs Act, 1962; the new rate is declared effective from the stated operative date.