Accounting Standard amendment extends application period for foreign exchange effects under AS eleven until the revised closing date.
Amendment revises the temporal scope of Accounting Standard (AS) 11 by substituting the wording of paragraph 46 to change the accounting periods to which the standard's specified transitional/application provision for the effects of changes in foreign exchange rates applies; the change is made under the Companies (Accounting Standards) Rules, 2006 and takes effect on publication in the Official Gazette.

Merger control procedure: mandatory notice filing and review may require remedies, monitoring or prohibition under competition law.
Regulation prescribes procedural rules for notification and review of combinations: specified notice forms, filing and fee requirements, timelines and exclusion of cure periods from statutory review, Commission powers to call for information or a Director General report, publication and public comment where prima facie concerns arise, and remedial options including modifications, monitoring and orders to approve or prohibit combinations.

Customs exemption: Bevacizumab added to List three, altering its tariff treatment under the relevant notification.
Inserts Bevacizumab into List 3 of the Table to Notification No. 21/2002-Customs, bringing that pharmaceutical within the notification's exemption or specified effective rate regime applicable to List 3 items; the amendment is an executive adjustment effected in the public interest and does not modify other conditions or lists of the principal notification.

Registrar of Companies substitution replaces Regional Director references and omits specified regulations and annexure provisions.
Amendment substitutes the term Registrar of Companies for Regional Director in regulations 3, 5, 7, 9 and 14 of Part B and in Annexures III and IV after Part F, and omits regulations 11 and 12 and Annexure II from the Companies Regulations, 1956, with effect from publication in the Official Gazette.

Anti-dumping duty continuation extends force period for viscose filament yarn imports under Customs Tariff Act.
The Central Government amended Notification No.45/2006-Customs by inserting a paragraph that the anti-dumping duty on Viscose Filament Yarn (tariff item 5403) originating in or exported from the People's Republic of China shall remain in force up to and inclusive of 24th February, 2012, unless revoked earlier, following a review initiated by the designated authority and pursuant to the Customs Tariff Act and the anti-dumping rules.

Common Adjudicating Authority assignment directs adjudication of DRI show cause notices to Coimbatore Commissioner under notification and Customs Act.
The order assigns specified show cause notices issued by a revenue intelligence unit to the Commissioner of Central Excise, Customs and Service Tax, Coimbatore for adjudication under the notification issued pursuant to the Customs Act, designating that Commissioner as the Common Adjudicating Authority for those matters and noting a corrigendum correcting the officer's title.

Warehousing station designation for export oriented units expands customs infrastructure under delegated authority.
Declaration designates Plot Nos. 24, 25, 26 and 26(P) of Raichur Industrial Growth Centre as a warehousing station under Section 9 of the Customs Act, 1962 for the limited purpose of setting up 100% Export Oriented Units (EOU), made under delegated authority conferred by Notification No. 33/94-Cus (NT) and effected by Notification No. 02/2011-Cus. (NT).

Export of samples allowed as part of passenger baggage without requiring export authorisation under revised policy.
The amendment adds to Paragraph 2.31 of the Foreign Trade Policy that samples of items otherwise freely exportable under the FTP may be exported as part of passenger baggage without an Authorisation, allowing exporters to carry bona fide trade samples in passenger baggage.

Appointment of director relatives requires central government approval and selection committee clearance for high-remuneration posts and disclosures.
Appointments to an office or place of profit involving partners or relatives of directors/managers, firms or private companies in which they are interested, or relatives engaged as consultants, require Central Government approval when remuneration exceeds the prescribed threshold. Such appointments must follow the same selection procedure as non-relatives and, for listed companies, be approved by a Selection Committee dominated by independent directors and an outside expert; unlisted firms must include outside experts while private companies may be exempt. Applications must include undertakings on exclusive employment, detailed remuneration and services, shareholding and dividend data, comparators for pay, and aggregated disclosure of relatives' remuneration for section 198 computation.

Export permission for wheat to Afghanistan granted to Food Corporation of India, extended through the close of the financial year.
The prohibition on export of wheat in Notification No. 33(RE-2007)/2004-2009 is excepted for a specified quantity to be exported to Afghanistan through the Food Corporation of India. That authorised quantity must be exported out of Central Pool stock by the Food Corporation of India during the financial year 2011-12, with the deadline of 31 March 2012.

Delegation of powers under section 25: Registrar of Companies assumes functions, with Regional Directors handling prior applications.
The amendment to G.S.R. 222(E) delegates functions under section 25 of the Companies Act from Regional Directors to the Registrar of Companies effective 1 May 2011, while preserving Regional Directors' responsibility to deal with applications received by them between 17 March 2011 and 30 April 2011.

Commencement of Foreign Contribution (Regulation) Act 2010 set to commence on May first by Central Government notification.
Commencement of the Foreign Contribution (Regulation) Act, 2010 is appointed to take effect on 1 May 2011 by notification S.O. 909(E) dated 29 April 2011, issued by the Central Government under sub section (3) of section 1, thereby bringing the Act's provisions into force.

Commencement of Foreign Contribution Regulation Act set by central government, bringing the Act into force nationwide.
Central Government exercised its statutory commencement power and, by notification issued through the administrative ministry, appointed a specific date as the day on which the Foreign Contribution (Regulation) Act 2010 shall come into force, thereby bringing the Act's regulatory provisions into legal effect.

Foreign contribution regulation: mandatory registration/prior permission, exclusive accounts, audited annual returns and bank reporting requirements.
The Rules operationalise the Foreign Contribution (Regulation) Act, 2010 by defining key terms, prescribing electronic applications and Forms FC 1 to FC 10 for registration, prior permission, renewal and annual returns, requiring exclusive bank accounts for foreign contribution receipts, mandating separate audited accounts and six year record retention, obliging banks to report receipt transactions, specifying designation criteria for organisations of political or speculative nature, prescribing fees and timelines, and setting custodial, utilisation and enforcement procedures including suspension, cancellation and transfer restrictions.

ASBA facility mandated for qualified institutional buyers and non institutional investors in public offers under amended issue of capital rules
The amendment inserts a proviso requiring that where offers involve qualified institutional buyers and noninstitutional investors the issuer shall accept bids only through the ASBA facility, thereby mandating ASBA as the exclusive bid acceptance mechanism for those investor categories under the Issue of Capital and Disclosure Requirements.

Tariff value fixation updated for specified edible oils and brass scrap, amending the earlier customs notification.
Substitutes the Table in Notification No. 36/2001-Cus (N.T.) to fix tariff values (US$/MT) for specified imports, principally edible oils and related products, and brass scrap; most edible-oil values are recorded as unchanged while a tariff value for brass scrap (all grades) is specified, all effected under section 14(2) of the Customs Act, 1962 and replacing the earlier schedule.

Amendment to companies eForms substitutes several filing templates, updating mandatory fields, attachments and digital verification.
Amendment rules substitute revised eForms under the Companies Act, 1956 effective 1 May 2011, replacing Forms 2, 3, 18, 23C, 24A and 32. The new templates mandate pre-filled corporate identifiers, specified mandatory fields and attachments, detailed disclosures for allotments (cash and non-cash), capital structure breakups, particulars for registered office changes, cost auditor appointments and director/office-bearer appointments, and require digital verification plus professional certification confirming records and attachments.

VAT exemption: diplomatic purchases by Republic of Togo and Mali embassies and their diplomats qualify for refund or exemption.
The Sixth Schedule to the Delhi Value Added Tax Act, 2004 is amended to grant VAT exemption/refund for official purchases of the Embassies of the Republic of Togo and the Republic of Mali in New Delhi and for personal purchases of their diplomats, subject to a minimum invoice threshold; the amendment is made under sub section (2) of Section 103 and takes immediate effect.

Renewal of recognition granted to a stock exchange, subject to full compliance with SEBI regulatory requirements before trading.
Renewal of recognition is granted to the Gauhati Stock Exchange Limited under the Securities Contracts (Regulation) Act, 1956 for a one year period, on the basis that it is in the interest of trade and the public, and is expressly conditional on the Exchange complying with all SEBI regulatory requirements before commencing trading; additional conditions may be prescribed or imposed subsequently.

Research expenditure exemption approved for Centre for Social Studies, subject to utilization, audit, reporting and compliance conditions.
Approval granted to Centre for Social Studies, Surat as an Other Institution partly engaged in research, subject to conditions that sums received must be utilized for social science research carried out by faculty or enrolled students; maintenance of books of account; audit by a qualified accountant with the audit report filed with the income tax return; and a separate auditor certified statement of donations and amounts applied to research. Approval is withdrawable for failure to maintain accounts, furnish required reports, cease genuine research, or otherwise fail statutory compliance.