Authorization under Section 621 empowers prosecution of Sec. 68A violations by a designated CBI officer in specified investigations.
Central Government authorises Shri S. K. Sareen, Additional SP, CBI, under sub section (1) of Section 621 of the Companies Act, 1956, to file complaints and conduct prosecutions for alleged violations of Sec. 68A of the Companies Act, 1956 in two CBI, BS&FC, Mumbai investigations that have been investigated and chargesheeted.

Fixation of tariff values: notification updates import valuation for specified commodities, prescribing new tariff benchmarks under customs authority.
Amendment substitutes TABLE-1, TABLE-2 and TABLE-3 of the principal customs notification by prescribing updated tariff values in US dollars for specified tariff items including edible oils, brass scrap, poppy seeds, areca nuts, and specified gold and silver consignments, to be applied for customs valuation and related non-tariff procedures under the Department of Revenue's delegated authority.

Income-tax rule amendments: Rule 12 updated and ITR-3 to ITR-7 forms substituted, effective Apr 1, 2014.
The Income tax (6th Amendment) Rules, 2014 amend Rule 12's proviso by inserting additional statutory references and substituting updated ITR forms: ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7 are replaced by new forms for specified taxpayer categories. The notification is issued under the Board's authority and is deemed effective from 1 April 2014.

Administrative-functional control of VAT reassigns dealer blocks and mandates staff placement and public listing.
Administrative-functional control of Delhi VAT is effected by categorising dealers into blocks within Zones I-X based on registration type, tax liability and gross turnover using 2013-14 data; Zone 11 and Zone 12 have special bifurcation rules. Additional Commissioners/Joint Commissioners must place VATO/AVATO and other staff according to block requirements, may create Blocks IX and X for special categories, and must update the IT system and publish block-wise lists on the Department website. The order is effective from the stated date.

Special Investigation Team powers to investigate, initiate proceedings and repatriate unaccounted foreign bank monies from abroad.
A Special Investigation Team is constituted with chair, vice-chair and senior agency members, empowered to investigate, initiate proceedings and prosecute criminal or civil matters concerning unaccounted monies-including Hassan Ali Khan and Tapuria matters, other instances of stashing funds in foreign bank accounts, and related issues. The SIT will prepare an action plan and institutional structures, investigate sources and methods used to move funds, may reopen or register cases even after charge-sheets, report periodically to the Supreme Court, and receive cooperation and resources from central and state organs; the Joint Secretary (Revenue) is Member-Secretary.

Special Investigation Team established to investigate and prosecute stashing of unaccounted foreign and domestic funds, with power to reopen cases.
Constitution of a Special Investigation Team of senior judicial and executive members to investigate, initiate proceedings and prosecute offences concerning unaccounted monies stashed abroad or moved into or within India, with authority to take over, continue or reopen investigations and to register further cases; required interagency cooperation and provision of financial, legal, diplomatic and intelligence support; duty to prepare a comprehensive action plan and institutional measures; accountability through periodic reports to the Supreme Court and administrative support by the Department of Revenue.

Correction to notification title: amended wording for Companies (Removal of Difficulties) Order to replace phrase in original notification.
Correction to notification S.O. 1177(E): in line six replace the phrase "(1) This order may be called the Companies (Removal of Difficulties) Second Order, 2014" with "(1) This order mab be called the Companies (Removal of Difficulties) Order, 2014" as recorded in the Ministry of Corporate Affairs corrigendum S.O. 1406(E).

Annual Return on Foreign Liabilities and Assets: RBI to specify the form and reporting requirements; prior annex removed.
Schedule 1 of the Regulations is amended to replace the prior specified form for the "Annual Return on Foreign Liabilities and Assets" with a requirement that the annual return be submitted "as specified by the Reserve Bank from time to time," and to delete the existing paragraph 9(3) and Annex E, thereby removing the previously prescribed form and related paragraphary requirement.

Establishment of Local Office increases investor protection and grievance redressal authority in Uttarakhand under SEBI jurisdictional oversight.
SEBI has established a Local Office at Dehradun under the administrative control of its Northern Regional Office, exercising powers under section 3(4) of the SEBI Act, 1992. The Local Office will handle investor protection, facilitate investor grievance redressal, provide financial and investor education, and perform other assigned functions within the territorial jurisdiction of the State of Uttarakhand.

Regulatory fee changes revise securities application, registration and listing charges and require exchanges to collect and remit fees.
Regulations update fee schedules across SEBI rules by raising application, registration, scheme and annual charges, introducing percentage based regulatory fees, and adding a new annual charge payable by depositories based on custody charges. Designated stock exchanges are empowered to collect regulatory fees on private placement listings and remit them monthly to the Board. The amendments substitute revised fee slabs, minimums, caps and percentage formulas in multiple Schedules and insert procedural provisions for payment and remittance.

Presidential Award allowance increased for eligible officers; revised monthly rates apply from the notification date.
Increase in monthly monetary allowance for officers awarded the Presidential Award of Appreciation Certificate for exceptionally meritorious service at the risk of life. The substituted schedule prescribes revised monthly allowances for officers of Customs, Central Excise, Central Bureau of Narcotics, Narcotics Control Bureau and the Directorate of Enforcement, including an additional allowance for a fresh act by an officer already receiving the allowance. The revised rates apply to past and future recipients from the date of issue of the notification.

Valuation methodology: updated arm's-length pricing requirement for non-resident investments in unlisted Indian securities, certified by CA or merchant banker.
Pricing and valuation for securities issued to persons resident outside India are amended to require the market price prevailing on recognised exchanges for listed instruments and for unlisted equity, preference shares or debentures a price not exceeding that determined by any internationally accepted pricing methodology on an arm's length basis, certified by a Chartered Accountant or a SEBI registered Merchant Banker; private placement pricing must meet SEBI guideline pricing or the fair price so certified.

Tax exemption for foreign company selling codeine phosphate permits receipt-only income under approved memorandum of understanding.
The Central Government notifies M/s Temad, Iran, Codeine Phosphate, and the approved Memorandum of Understanding between GOAF and M/s Temad as the basis for a tax exemption, limiting the foreign company to receipt of income in India solely on account of sales under that approved agreement, effective from 1 April 2014.

Non-resident investor pledge of shares allowed to secure NBFC credit for resident investee company, subject to RBI conditions.
A new sub regulation permits a non resident investor of an Indian company listed on a recognised stock exchange to pledge that company's shares in favour of a Non Banking Financial Company in India to secure credit facilities extended to the resident investee company for bonafide business purposes, subject to the authorised dealer bank satisfying itself of compliance with conditions stipulated by the Reserve Bank of India.

Non-convertible preference shares: NRIs may purchase listed non-convertible/redeemable preference shares or debentures on non repatriation basis.
The amendment adds listed non-convertible/redeemable preference shares or debentures to multiple entries in Schedule 5 of the Regulations, thereby recognizing those instruments as permitted under the Schedule, and provides that a Non-Resident Indian may, without limit, purchase such listed non-convertible/redeemable preference shares or debentures on a non-repatriation basis.

Delegation of powers to registrars of companies enables specified incorporation functions, subject to revocation for public interest.
The Central Government delegates to Registrars of Companies specified administrative powers under the Companies Act concerning incorporation and company-formation functions, while excluding memorandum alteration on conversion; the delegation supersedes parts of an earlier notification and is subject to revocation or direct exercise by the Central Government in the public interest, and comes into force upon Gazette publication.

Delegation of powers for Director Identification Number allotment to regional directorate officials, superseding prior notification.
The Central Government delegates its powers for allotment of Director Identification Number under sections 153 and 154 of the Companies Act to the Regional Director, Joint Director, Deputy Director and Assistant Director posted in the Regional Director, Northern Region Directorate I, Headquarters at New Delhi. This delegation supersedes the earlier notification and takes effect from the date of publication in the Official Gazette; a subsequent amending notification substituted the prior office location reference with the current regional headquarters designation.

Delegation of powers to Regional Directors enables exercise of specified Companies Act functions, subject to central revocation.
The Central Government delegates to Regional Directors at specified centres the exercise of enumerated Companies Act functions-including alteration of memorandum on conversion, certain formation and alteration provisions, share and director-related powers-subject to central revocation or central exercise of those powers if necessary in the public interest; the delegation commences on publication in the Official Gazette and supersedes prior notification only for the listed items without affecting prior actions.

Non-resident currency derivatives hedging permits eligible investors to use exchange-traded futures and options subject to prescribed conditions.
Currency futures and exchange-traded currency options may be entered into by a person resident outside India who is eligible to invest in securities under the specified schedules governing transfer or issue of security to non-residents. Such contracts must be undertaken on a recognised stock exchange and solely to hedge exposure to risk. The permission remains subject to terms and conditions prescribed through directions issued by the Reserve Bank of India.

Anti-dumping duty on methylene chloride imposed with country- and exporter-specific per-unit charges, payable in Indian currency.
Imposes definitive anti-dumping duty on Methylene Chloride (2903 12) imported from the European Union, United States of America and Korea RP, with specified producer- and exporter-specific per-kilogram rates in US Dollar equivalents, payable in Indian currency. The duty is effective for five years from the provisional imposition date; exchange rate for conversion is the government-notified rate under the Customs Act and the relevant date is the bill-of-entry presentation. A review recommendation extended coverage for EU and US imports to a specified later date unless revoked, suspended or amended earlier.