Corporate Updates – 13-08-2015


MCA has initiated the process of the constitution of the NCLT & NCLAT and in this regard notified the vacancies for the post of Technical Member & Judicial Member in the National Company Law Tribunal to be constituted under the provisions of Section 410 of the Companies Act, 2013. The selected candidates will be required to serve at NCLT / NCLAT Benches to be established anywhere in the country and the appointment carries All India Transfer liability. The required qualification for the post shall be as per the provisions of the Sec 411(3) of the Companies Act, 2013 read with the Judgment dated 14-05-2013 of Hon’ble Supreme Court of India. Further the initial appointment shall be for 5 years with an option to renew it for another period of 5 years till the age of 67 years.


DGFT has made Amendments to Foreign Trade Policy 2015-2020, which shall be effective from 1st July, 2015: Amendment has been made with respect to the Transitional Arrangement through which facility has been provided for exporters to continue to file applications for benefits under Chapter 3 schemes of the earlier Foreign Trade Policy (ies), as per procedures prescribed in the corresponding Hand Book of Procedures, v1 2009-2014. Further, the Applicants shall continue to file applications in respect of FPS/ MLFPS/FMS/VKGUY/SFIS/ SHIS/IEIS and Agri Infrastructure Incentive Scheme Scrip in the application form and manner prescribed in the corresponding Hand Book of Procedures.

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