Legislative and Regulatory Update

 

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In This Issue

[No.65]                                                                            October 20, 2003

International
SEBI
Department of Company Affairs
Department of Revenue
CBDT
CBEC Excise Tariff
CBEC Excise non Tariff
CBEC Customs Tariff
CBEC Customs non Tariff
RBI
DGFT
Department of Commerce
SIA
Department of Industrial Policy
Department of Consumer Affairs
Ministry of Chemical and Fertilizer
Ministry of Health
Ministry of Labour
Press Information Bureau 
Supreme Court
Gist of Cases of Various High Courts and Tribunals

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International Legal News

Cases

Source: Westlawinternational.com

  • Legal Services: Legal-malpractice action was not claim for personal injury for purposes of arbitration statute.

A former client's legal-malpractice action against her former attorney was not a "claim for personal injury," for purposes of a Texas statute making the Texas Arbitration Act inapplicable to personal injury claims unless certain procedures are followed. The representation at issue in the malpractice claim arose out of the former client's suit for economic losses that were allegedly sustained as the result of employment discrimination.

Miller v. Brewer

  • Civil Rights: Supervisor committed fraud by putting employee in place of sexual assault and was liable for punitive damages.

The Supreme Court held that a supervisor committed actual fraud by deliberately planning to put a female employee in a place where he could, and did, sexually assault her. Thus, the supervisor could be liable for punitive damages. The supervisor falsely represented to the employee that their reason for staying overnight was work related, while knowing that to be untrue.

Beaver v. Montana Dept. of Natural Resources and Conservation

  • Family Law: Divorced mother's consent alone was sufficient for daughter to obtain abortion.

A divorced mother and father with joint legal custody over their minor daughter were each a legal guardian of the daughter, and not the daughter's collective guardian. Accordingly, the mother's consent alone was sufficient for the daughter to obtain legal abortion, under the statute requiring the written consent of one parent or "legal guardian" of an unemancipated minor pregnant woman before she can obtain an abortion. The mother and father did not become one guardian simply by virtue of their sharing joint legal custody after divorce. To require the consent of both parents simply because the parents were divorced with joint legal custody would "merely be visiting condemnation upon the head of an innocent child who is not responsible for her parent's divorce."

S.H. v. D.H.

  • Civil Rights: Constitutionality of ordinance prohibiting art exhibitions in public park-Certiorari Denied.

Denying certiorari, the United States Supreme Court let stand a Ninth Circuit decision that ordinances of the City of Laguna Beach, California, prohibiting art shows and exhibitions in a public park did not violate the First Amendment. The Ninth Circuit found that the laws were content neutral, in that they not discriminate on the basis of the views expressed. As content neutral laws, the ordinances passed constitutional muster because they were narrowly tailored both facially and as applied. The City had a substantial interest in preventing commerce in the park, maintaining its aesthetic beauty, and structuring the orderly movement of pedestrians through the park. Without the prohibition on art shows and exhibitions, the park, because of its status as a popular destination, could become bogged down, both by crowds and aesthetically, by artists selling their work.

Nor did the ordinances grant unbridled discretion to government officials enforcing the law. Unlike permit schemes in other cases, which provided officials the power to grant permits but did not articulate why, how, or when, Laguna Beach's ordinances did not give the city manager the power to discriminate, so as to raise the specter of selective enforcement on the basis of the content of speech. Finally, there were ample alternatives available for expression. .

Lavery v. City of Laguna Beach, CA.

News

  • The U.S. Supreme Court has agreed to review the Internet pornography law "Child Online Protection Act" passed by Congress in 1998. The Act has been challenged as unconstitutional on the basis of free speech, by The American Civil Liberties Union representing booksellers, artists, explicit Web sites and others. This is the second time in years the law is being reviewed by the court. According to the Solicitor General Theodore Olson COPA is a reasonable solution to the proliferation of online pornography and targets commercial pornographers. On the other hand ACLU argued, that the law make criminals of many people who use the Internet for legitimate, often health-related reasons.

  • Parents of a murdered son, who died of starvation by being locked in cupboard can claim compensation under a scheme of Criminal Injuries Compensation Authority. Compensation had been refused to the parents on the grounds that the son had criminal convictions. however the parent pleaded that the son had been forced to commit crime by a person who eventually murdered him. The scheme of Criminal Injuries Compensation Authority offers benefits to survivors of criminal acts and relatives of those who have died as a result of a crime of violence. It covers items such as funeral expenses.

  • Feeding tube of a woman in Florida, who has been in comatose state since 1990 was removed on 16th October after a long court battle between her husband and parents. Parents of Terri Schiavo, 39 met Governor Jeb Bush and asked him to intervene and order to re-insert the feeding tube. However, Governor said that he could do little to countermand the court's order. Conflict between Terri Schiavo's husband Michael Schiavo and her parents Mary and Bob Schindler has been going in order to keep her alive. According to Michael Schiavo, Terri wouldn't have wanted to live in this manner, while her parents still have hope of her recovering. Whereas the 2nd Florida District Court of Appeal in Lakeland has already refused to block a probate judge's order to remove the feeding tube. .

  • $614 million has been paid by Bayer AG, a German chemicals and pharmaceuticals group in order to settle 1,683 liability cases over cholesterol drug Baycol. Baycol was withdrawn from the market in 2001 and is responsible for more than 100 deaths. A spokesperson for Bayer said "We will continue our settlement policy. We try to agree on fair compensation for anyone who experienced serious side effects from Baycol on our own initiative and without acknowledging any legal liability,"

  • Twenty people out of twenty-seven needed to seat a jury to begin the trial of John Allen Muhammad, a suspect in the sniper case has been selected after the attorneys reached an agreement out of a pool of 127 prospective jurors. The potential panelists were quizzed individually on their views about the death penalty, their exposure to pretrial news accounts and whether they felt terrorized by the sniper spree.Muhammad, 42, and co-defendant Lee Boyd Malvo, 18, were behind 13 shootings that killed 10 people during a three-week period in Virginia, Maryland and Washington, D.C., last year.

  • Number of babies born to non-nationals, being granted Irish nationality has been on rise. This is due to the fact that Ireland is the only European country which grants automatic citizenship to babies born within its borders. Mostly women from African countries travel to Ireland to give birth to their babies.

SEBI

Secondary Market Division

  • Failure To Pay Fees In The Manner Specified In Schedule III Of The SEBI (Stock Brokers And Sub-Brokers) Rules And Regulations, 1992

Circular No. MIRSD/REG-1/Cir- 39/19257/03 Dated 10.10.2003 : SEBI has been receiving representations from broker fora and individual brokers seeking suitable extension of August 31, 2003 deadline for payment of fees by brokers in the cash segment of the Exchanges. The same have been considered and it has been decided to extend the deadline to 31st December 2003. 

Accordingly, it is advised to bring to the notice of all brokers in the cash segment of the Exchange that those brokers who have failed to comply with the 50% facility by March 31, 2003 or for whom collection of fees has not been stayed by any Court of law, are required to pay the entire fees and interest payable by them up to financial year 2003-04 by December 31, 2003, failing which, appropriate action as permissible under the SEBI Act, 1992, the SEBI (Stock brokers and Sub-brokers) Regulations, 1992 read with the SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations 2002 would be initiated. 

  • Introduction Of New Trading Segments

Circular No. SEBI/MRD/SE/Cir-38/2003 Dated 08.10.2003 : It has been decided by SEBI that the exchanges shall seek the prior approval of SEBI for the introduction of any new trading segment on the stock exchange. Accordingly, the Stock Exchanges have been directed to 

1. make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision immediately, as may be applicable.

2. bring the provisions of this circular to the notice of the member brokers/clearing members of the Exchange and also to disseminate the same on the website.

3. communicate to SEBI, the status of the implementation of the provisions of this circular in Section II, item no. 13 of the Monthly Development Report for the month of October 2003.

Regulations

  • The following Regulations have been amended.

Notification No. SO1204(E) Dated 14.10.2003 : Securities and Exchange Board of India (Central Listing Authority) (Amendment) Regulations, 2003 

Notification No. SO1160(E) Dated 01.10.2003 : Securities and Exchange Board of India (Credit Rating Agencies) (Second) (Amendment) Regulations, 2003 

Notification No. SO1159(E) Dated 01.10.2003 : Securities and Exchange Board of India (Bankers to an Issue) (Amendment) Regulations, 2003 

Notification No. SO1158(E) Dated 01.10.2003 : Securities and Exchange Board of India (Underwriters) (Amendment) Regulations, 2003 

Notification No. SO1157(E) Dated 01.10.2003 : Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) (Amendment) Regulations, 2003 

Notification No. SO1156(E) Dated 01.10.2003 : Securities and Exchange Board of India (Depositories and Participants) (Third Amendment) Regulations, 2003 

Notification No. SO1155(E) Dated 01.10.2003 : Securities and Exchange Board of India (Debenture Trustees) (Amendment) Regulations, 2003 

Notification No. SO1154(E) Dated 01.10.2003 : Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 2003 

Press Releases

  • SEBI Signs MOU On Mutual Co-Operation With Monetary Authority Of Singapore

Press Release No. PR 248/2003 Dated 14.10.2003 : Securities and Exchange Board of India (SEBI) signed a Memorandum of Understanding (MOU) with the Monetary Authority of Singapore (MAS) on October 13, 2003 in Singapore. The MOU was signed by Mr. G N Bajpai, Chairman, SEBI and Mr Koh Yong Guan, Managing Director, MAS, in Singapore. The MOU aims to strengthen communication channels and establish a framework for assistance and mutual cooperation between the two organizations.

  • Amendments to SEBI (DIP) Guidelines 

Press Release No. PR 246/2003 Dated 13.10.2003 : In order to ensure that adequate infrastructural and software systems are in place and also to ensure a smooth transition, it has been decided to defer the implementation of the amendments to SEBI (Disclosure and Investor Protection) (DIP) Guidelines, 2000 regarding Chapter XI of the Guidelines which was amended to introduce T + 6 norms for book built issues, (where T is the Book closure date and trading is to commence on 6th day) and Clause 9.3.1(iii) was amended to provide for a blackout period on research reports from a date 45 days immediately preceding the filing of Draft Offer Document with SEBI and extending upto 45 days after commencement of trading in relevant securities, till further notice. Hence, in respect of the aforesaid issues, viz., introduction of T + 6 norms in book building and blackout on research reports, the provisions applicable prior to Circular dated 14.8.2003 would continue to apply till further notice. It is also clarified that all amendments carried out vide Circular dated 14.8.2003, except the above two, stand effective.

Department of Company Affairs

  • Companies (Appointment and Qualifications of Secretary) (Amendment) Rules, 2003

Notification No. GSR804(E) Dated 14.10.2003 : Provisos have been added in rule 2, in sub-rule (3), after the first proviso, specifying that a company with its registered office and corporate office and works situated in towns with a population of less than one lakh in accordance with Census of India 2001 report and having a paid-up share capital of rupees two crores or more but less than rupees five crores, may appoint any individual, who possess any one or more of the qualifications specified in clauses (i) to (x) of sub-rule (4) as its whole-time secretary to perform the duties as such under the Companies Act, 1956(1 of 1956) 

  • Simplified Exit Scheme - Clarifications on Some Issues

Circular No. 27/2003 Dated 07.10.2003 : Some clarifications regarding Simplifies exit scheme have been issued.

  • Declaration of Specified Companies to be Nidhis

Notification No. GSR785(E) Dated 06.10.2003 : Central Government has declared certain companies to be Nidhis subject to the directions specified in the notification of the Government of India in the erstwhile Ministry of Law, Justice and Company Affairs (Department of Company Affairs) Number GSR 241 dated the 28th April, 1995, GSR 555(E) dated the 26th July, 2001, GSR 308(E) and 309(E) both dated the 30th April, 2002.

  • Company Law Settlement (Jammu & Kashmir) Scheme, 2003

Notification No. SO1136(F) Dated 30.09.2003 : Central Government has notified a Scheme namely, the Company Law Settlement (Jammu and Kashmir) Scheme, 2003 for granting immunity from prosecution and compounding the period of delay involving in filing certain documents under the Companies Act, 1956 ( 1 of 1956) to companies in the state of Jammu and Kashmir.

Department of Revenue
  • Foreign Travel Tax (Amendment) Rules, 2003

Notification No. 1/2003 Dated 13.10.2003 : In the Foreign Travel Tax Rules, 1979, in rule 11, the proviso has been omitted. 

  • Amendment in the Order No. S.O.990(E), Dated 6th November, 2000 

Order No. SO1188(E) Dated 08.10.2003 : In the said Order, for the words and figures, "promissory notes, described as Gold Deposit Certificates and Bonds under Gold Deposit Scheme, 1999", the words and figures, "Certificates issued on or after 6th November, 2000 under the Gold Deposit Scheme, 1999 as notified vide Notification No. G.S.R. 634(E) dated 14th September, 1999 by a Designated Bank referred to in para 2 of the said Scheme" shall be substituted and shall be deemed to have been substituted with effect from the 6th November, 2000.

CBDT

  • Income-Tax (Twenty Fourth Amendment) Rules, 2003

Notification No. 244/2003 Dated 01.10.2003 : 1. In part VI, 

(a) rule 26B, Statement of particulars of income under heads of income other than "Salaries" for deduction of tax at source, has been substituted.

2. in part VIA,-

(a) in rule 37G, for the expression "Form No. 27F", the expression "Form No.13" have been substituted; 

(b) in rule 37H, in sub-rule (1), the words, figures and letter "in Form No.27G" have been omitted;

(C) in Appendix II,

(a) Form No.12C has been omitted;

(b) Form No.13, has been substituted.

(c) Form No. 13C, Form No, 13D, Form No. 13E, Form No. 15, Form No. 15AA, Form No. 15B, Form No. 15E, Form No. 27F and Form No. 27G have been omitted.

  • Notifications u/s 10(23C)(iv)

Notification No. 243/2003 Dated 01.10.2003 "Goods Transport Labour Board, Mumbai" Notified u/s 10(23C)(iv)

Notification No. 242/2003 Dated 01.10.2003 "Sri Aurobindo Society, Kolkata" Notified u/s 10(23C)(iv)

Notification No. 241/2003 Dated 01.10.2003 "Goods Transport Labour Board, Mumbai"Notified u/s 10(23C)(iv)

  • Income-Tax (Twenty Third Amendment) Rules, 2003

Notification No. 240/2003 Dated 01.10.2003 : In Appendix II, in Form No. 3AC, Part III relating to Statement of particulars relating to the claim for deduction under section 33AB, has been substituted.

  • Income-Tax (Twenty Second Amendment) Rules, 2003

Notification No. 239/2003 Dated 30.09.2003 : (a) in Part VIA,-

(A) for rules 37C and 37D, new rules have been substituted.

(B) in rule 37E, after the expression "Form No. 27E", the words "within one month from the end of the period for which the return is required to be filed" have been inserted 

(b) Form No. 27C and Form No. 27D, have been substituted.

CBEC Excise Tariff

  • Amendment In Rule 4 of CENVAT Credit Rules, 2002

Circular No. 755/71/2003-CX Dated 13.10.2003 : Subsequent to issue of Circular dated 22nd September, 2003, it has been brought to the notice of the Board that the circular is not in consonance with the relevant provisions of sub-rule 2 of Rule 4 of CENVAT Credit Rules, 2002. Accordingly, the matter has been examined by Board and for para 4 of the said circular, the new para has been substituted. 

  • Availment Of Credit On Inputs Used Exclusively For The Manufacture Of Exempted Finished Goods

Circular No 754/70/2003-CX Dated 09.10.2003 : Having regard to availment of credit on inputs falling under chapter-28 and 29 used exclusively for the manufacture of exempted goods by certain assesses manufacturing finished goods falling under chapter-30 of Schedule to Central Excise Tariff Act, 1985, it has been reported that the assesses are subsequently reversing an amount @ 8% of the price of the exempted goods under clause (b) of sub-rule (3) of rule 6 of CENVAT Credit Rules, 2002. It is therefore clarified that no credit can be taken on inputs which are used exclusively in or in relation to the manufacture of exempted final products. It may also be seen that this position was the same in erstwhile Central Excise Rules, 1944 and there has been no change in this principle. The procedural facility is prescribed to take care of the practical difficulties which may be faced by the manufacturers using the same inputs in both dutiable and exempted final products. 

  • Classification Of Aluminium Foil Laminated On Both Sides With Plastic Film

Circular No. 753/69/2003-CX Dated 06.10.2003 : The department had proposed the classification of Aluminium foil laminated on both sides with plastic films under Chapter Heading 3920 on the basis of Board's circular no. 461/27/99 dated 12.02.2002 classifying the product under Chapter Heading 7607. Department's appeal against this order was set aside by the Supreme Court in CA No. 5148/02 on 24.02.2003 on the ground that the Department did not file appeal against the CEGAT order in the case of Indian Foils Limited, Calcutta. 

This judgment of the Supreme Court has been accepted by the Board and it has been decided by the Board that classification of aluminium foil laminated on both sides with plastic film would be under Chapter Heading 7607 instead of Chapter Heading 3920.

CBEC Excise non Tariff

  • Moradabad Special Economic Zone at Moradabad, Specified as Special Economic Zone

Notification No. 77/2003 NT Dated 08.10.2003 : Central Government has specified Moradabad Special Economic Zone at Moradabad, in the state of Uttar Pradesh, as a "special economic zone

CBEC Customs Tariff

  • Amendment to Notification No. 115/2003-CUSTOMS, Dated the 22nd July, 2003

Notification No. 153/2003 Dated 14.10.2003 : In the notification, in the paragraph 2, for the figures, letters and words "15th day of October, 2003 ", the figures, letters and words "1st day of December, 2003" have been substituted

  • Amendment to Notification No. 114/2003-CUSTOMS, Dated the 22nd July, 2003

Notification No. 152/2003 Dated 14.10.2003 : In the notification, in the paragraph 2, for the figures, letters and words " 15th day of October, 2003 ", the figures, letters and words "1st day of December, 2003" have been substituted.

  • Amendment to Notification No. 113/2003-CUSTOMS, Dated the 22nd July, 2003

Notification No. 151/2003 Dated 14.10.2003 : In the notification, in the paragraph 2, for the figures, letters and words "15th day of October, 2003", the figures, letters and words "1st day of December, 2003" have been substituted.

  • Amendment to Notification No. 26/2000-CUSTOMS, Dated the Ist March, 2000 

Notification No. 150/2003 Dated 14.10.2003 : In the said notification, in condition (2), for sub-condition (ii), the following sub-condition has been substituted, namely:-

(ii) the imports shall be made only through the ports of Mumbai, Nhava Sheva, Chennai, Kolkata or Cochin, or the inland container depots of Tuglakabad or Bangalore.

  • Anti Dumping Duty

Notification No. 149/2003 Dated 14.10.2003 : Anti Dumping Duty has been imposed on Methylene Chloride imported From Republic Of Korea.

  • Compulsory Quality Control & Pre-Shipment Inspection Of Honey- Reference From Export Inspection Council Of India( EICI)

Circular No. 90/2003 Dated 13.10.2003 : The Export Inspection Council of India has brought to the notice of the Board that honey valued at around Rs 100 Crores is being exported out of the country per year. Out of this, only a couple of processors/exporters had obtained the requisite ' Certificate of export worthiness' for their export consignments valued at less than Rs 1( one ) crores during the past year. Hence, most of the exports consignments of honey during the past year had been made without obtaining the necessary 'Certificate of export worthiness' from any of the notified Export Inspection Agencies ( EIAs).

In view of the facts mentioned above, the authorities have been instructed to ensure that all export consignments of honey are accompanied with the valid " Certificate of Export" issued by any of the notified Export Inspection Agencies. If the export consignments are not accompanied with the " Certificate of Export", the same may be stopped.

  • Rescission Of Notification No. 65/2003

Notification No. 148/2003 Dated 07.10.2003 : Central Government has rescinded the notification of the Government of India in the erstwhile Ministry of Finance and Company Affairs (Department of Revenue), No. 65/2003-Customs, dated the 4th April, 2003, published in Part II, Section 3, Sub-section (i) of the Gazette of India, Extraordinary, dated the 4th April, 2003 vide No. G.S.R. 304 (E), dated the 4th April, 2003, except as respects things done or omitted to be done before such rescission.

  • Anti Dumping Duty

Notification No. 147/2003 Dated 07.10.2003 : Anti Dumping Duty has been Imposed On Steel And Fibre Glass Tapes imported From China PR

CBEC Customs Non Tariff

  • Special Economic Zones (Customs Procedures) (Amendment) Regulations, 2003

Notification No. 87/2003-N.T. Dated 14.10.2003 : In the Special Economic Zones (Customs Procedures) Regulations, 2003, in regulation 1, in sub-regulation (3), for the figures, letters and words "15th day of October, 2003", the figures, letters and words "1st day of December, 2003" have been substituted.

  • Special Economic Zones (Amendment) Rules, 2003

Notification No. 86/2003-N.T. Dated 14.10.2003 : In the Special Economic Zones Rules, 2003, in rule 1, in sub-rule (2), for the figures, letters and words "15th day of October, 2003", the figures, letters and words "1st day of December, 2003" have been substituted.

RBI

  • Grant Of Rupee Loans To NRI/PIO Employees Of Indian Body Corporate 

Circular No. A.P. (DIR Series) Circular No.27 Dated 10.10.2003 : It has been decided to grant general permission to Indian companies, viz. a body corporate registered or incorporated in India, to grant rupee loans to its employees who are Non-Resident Indians or Persons of Indian Origin, subject to the certain conditions 

  • Export of Books on Consignment Basis 

Circular No. A.P. (DIR Series) Circular No.26 Dated 03.10.2003 : With a view to liberalising the procedure for export of books, it has been decided that henceforth the Authorised Dealers may approve proposals for export of books on consignment basis for realisation of export proceeds upto 360 days from the date of shipment. The exporters may also be allowed to abandon the books which remain unsold at the expiry of the period of the sale contract. Accordingly, the value of the unsold books may be shown by the exporters as deduction from the export proceeds in the Account Sales.

  • Guidelines for bank finance for PSU Disinvestments

Notification No. DBOD. BP. BC. 34 / 21.04.137/ 2003- 2004 Dated 15.10.2003 : With reference to paragraph 5 of Circular No. DBOD. BP. BC. 83/ 21.04.137/ 2002- 2003 dated 21 March 2003 advising banks that Special Purpose Vehicles (SPVs) complying with certain conditions would not be treated as investment companies and therefore would not be considered as NBFCs and hence would be eligible for bank finance for PSU disinvestments of Government of India, the position has been reviewed and banks are advised that only those SPVs which comply with the specified conditions would not be treated as investment companies and therefore would not be considered as NBFCs for the limited purpose of being eligible for bank finance for PSU disinvestments of Government of India, subject to compliance with the other guidelines issued vide Circulars Nos. DBOD. BP. BC. 17 and 83/ 21.04.137/ 2002-2003 dated 16 August 2002 and 21 March 2003 respectively.

  • Offshore Banking Units (OBUs) in Special Economic Zones (SEZs)

Notification No. DBOD.IBS.BC.32 /23.13.004/2003-04 Dated 10.10.2003 : Under the existing regulations:

a. a corporate in the DTA can borrow from an OBU only under the scheme of External Commercial Borrowings (ECBs), subject to FEMA regulations. 

b. a bank can borrow from its OBU subject to the ceiling fixed for banks for overseas borrowings. 

c . OBUs cannot lend to any entity in the Domestic Tariff Area other than as specified at (a) and (b). 

It has now been decided that henceforth (b) will not be permissible and the exposures of an OBU in the DTA will be restricted to (a) only and the aggregate of such exposures should not exceed 25% of its total liabilities as at the close of business of the previous working day, at any point of time. 

  • Extension of Validity Period For Special Financial Package For Large Value Exports 

Notification No. IECD No. 2/04.02.01/2003-04 Dated 07.10.2003 : With reference to circular IECD.No.8/04.02.01/2002-03 dated September 28, 2002 extending the Special Financial Package upto September 30, 2003, it has been decided to further extend the validity period of the Financial Package upto September 30, 2004.

  • Government Of India Announce The Sale (Re-Issue) Of Dated Security Through Price Based Auction

Press Release No. 2003-2004/499 Dated 14.10.2003 : The Government of India have announced the sale (re-issue) of "5.69 percent Government Stock 2018" for a notified amount of Rs.5,000 crore through a price based auction using multiple price auction method. The auction will be conducted by the Reserve Bank of India (RBI) at Mumbai on Tuesday, October 21, 2003.

  • RBI Cancels Licence Of Neelagiri Cooperative Urban Bank Ltd., Nalgonda, Andhra Pradesh

Press Release No 2003-2004/494 Dated 13.10.2003 : The Reserve Bank of India has cancelled the licence of The Neelagiri Cooperative Urban Bank Ltd., Nalgonda, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise.

DGFT

  • Duty free import of Natural Rubber - Clarification 

Circular No. 17(RE-2003)/2002-2007 Dated 10.10.2003 : With reference to Policy Circular No.10(RE-2003)2002-2007 dated 3.7.2003 wherein all Licensing Authorities were advised to decide on the admissibility of import of Natural Rubber in the light of the High Court decision and the Exim Provisions and procedures, department has issued clarifications relating thereto.

  • Amendment In The Handbook Of Procedures 

Public Notice No. 28(RE-03)/2002-07 Dated 10.10.2003 : In exercise of the powers conferred under Paragraph 2.4 of the Export and Import Policy 2002-2007, as amended, the Director General of Foreign Trade has deleted Note 11 under the General Notes for All Export Product Groups as contained in the Handbook of Procedures, Vol.2, 2002-2007, as amended.

  • Exemption From Registration Procedure For Import Of All Types Of Approved And Unapproved Drugs Under The Advance Licencing Scheme 

Trade Notice No. 05 / 2002-2007 Dated 08.10.2003 : With a view to smoothly implement the provisions of the Policy Circulars No.9(RE-2003)/2002-07 dated 30.6.2003 and Policy circular No.15(RE-2003)/2002-2007, the members of trade and Industry have been informed of the procedure to be followed while making applications for grant of a fresh Advance Licence involving import of all drugs or while applying for grant of revalidation/extension in Export Obligation period/seeking enhancement in quantities in respect of an already issued Advance Licence.

Department of Commerce

  • Anti Dumping Investigations

Notification No. 14/17/2003-DGAD Dated 08.10.2003 Anti-dumping Investigations have been initiated Concerning Import of Cyclohexanone Originating in or Exported from Taiwan, European Union and United States of America (USA) 

Notification No. 14/39/2002-DGAD Dated 01.10.2003 Anti-dumping Investigations have been initiated Concerning Import of Caustic Soda Originating in or Exported from Chinese Taipei, Indonesia and EU (Excluding France)--Final Findings 

SIA
  • Simplification of Procedures For Grant of Industrial Licence

Press Note No. 4/2003 Dated 10.10.2003 : As the entrepreneurs are aware, after consideration of an application for Industrial Licence for setting up industrial undertaking or expansion of the existing industrial undertaking or for the manufacture of new article, a Letter of Intent (LOI) is issued in the first instance. The conditions contained in the Letter of Intent are required to be fulfilled within a period of 3 years or within extended period of validity as may be specifically allowed by the Government. Government has now decided that Industrial Licence will now be granted directly against applications to ensure speedy implementation of projects. This procedure will, however, not apply to the applications relating to manufacture of items reserved for exclusive production in the small scale sector. 

Department of Industrial Policy

  • Trade Marks (Applications and Appeals to the Intellectual Property Appellate Board) Rules, 2003

Notification No. GSR782(E) Dated 04.10.2003 : Draft of certain rules which the Central Government proposes to make have been published, for information of all persons likely to be affected thereby and notice has been given that the said draft rules will be taken into consideration after the expiry of a period of fifteen days from the date on which copies of the Official Gazette in which this notification is published are made available to the public.

Department of Consumer Affairs

  • Sugar Development Fund (Third Amendment) Rules, 2003 

Notification No. GSR787(E) Dated 06.10.2003 :Central Government has issued the Sugar Development Fund (Third Amendment) Rules, 2003 to be effective from 06.10.2003.

1. Rule 14A has been inserted.

2. Rule 20 has been substituted.

3. FORM-VI-A relating to rule 19 (14A), has been inserted.

4. In the said rules, in the existing Form VI, relating to sub-rule (4) of rule 20, for the heading and sub-heading have been substituted.

Ministry of Chemicals and Fertilizer
  • Sale of Fertilisers by the Manufacturers Specified in the Schedule to the Registered Fertiliser Dealers in the State Specified

Notification No. SO1148(E) Dated 01.10.2003 : Central Government, with a view to securing equitable distribution and availability of fertilisers to the farmers in time, has directed that the manufacturers specified in the Schedule appended to this notification, shall sell the fertilisers produced by them, and of the description and quantity specified therein, to the registered fertiliser dealers in the State or the Union territory specified in the corresponding entries of the said Schedule, during the Rabi season, 2003-2004, commencing on and from the date of publication of this notification in the Official Gazette to the 31st day of March, 2004. 

Ministry of Health
  • Prohibition on Manufacture, Sale or Distribution of Phenformin

Notification No. GSR780(E) Dated 01.10.2003 : In exercise of the powers conferred by Section 26A of the Drugs and Cosmetics Act, 1940 (23 of 1940), the Central Government has prohibited the manufacture, sale or distribution of Phenformin for human use.

Ministry of Labour
  • Employees Provident Funds (Amendment) Scheme, 2003 

Notification No. GSR783(E) Dated 03.10.2003 : Paragraph 68BC relating to Withdrawal / financing from the Fund for the purchase of a dwelling house/flat or the construction of a dwelling house including the acquisition of a suitable site by the Member, has been inserted.

Press Information Bureau
  • Social Justice And Empowerment Ministry Constitutes Research Advisory Committee On Scheduled Castes Development

Dated 09.10.2003 : The Ministry of Social Justice and Empowerment has constituted the Research Advisory Committee on Scheduled Castes Development. It will advise the Ministry on promotion/ coordination and utilization of research for the development of Scheduled Castes. It will also assist the Ministry in screening and approval of various research proposals and projects received from organisations and individuals in this regard. The twelve-member Committee headed by the Secretary Social Justice and Empowerment has four non-official members. 

  • Government Issues Notification To Amend Rules And Forms Relating To TDS/TCS 

Dated 09.10.2003 : The Central Board of Direct Taxes have issued a notification amending the Income- tax Rules, 1962 with a view to rationalize the various rules and forms relating to deduction of tax at source and collection of tax at source.

Supreme Court
  • Common Cause v Union of India (UOI) and Ors.

Appeal was filed before Hon'ble Supreme Court in Public interest seeking a writ or order in the nature of mandamus directing the Union of India to forthwith and without delay notify the Delhi Rent Control Act as contemplated under Section 1(3) of the Act, which had got Presidential assent in August 1995, but is yet to become law.

The Apex Court ruled that the Section 5 of General Clauses Act, by provisions of which, laws come into force immediately after receiving presidential assent could not be applied to the Delhi Rent Control Act because the Rent Act incorporated specific provisions against automatic enforcement, and gave the power of its notification exclusively to the union executive. Hence no writ or mandamus can be issued to the government to enforce the statute or any of the provisions of the statute.

The Hon'ble Supreme Court further clarified that the legislature could delegate its power to bring a law into force to the executive or an outside agency - Appeal Dismissed.