Corporate Updates – 14-08-2015

Bar Council of India:

The Bar Council of India (BCI), has introduced an exhaustive mechanism/ procedure for ascertaining the number and identify of fake or non-practicing lawyers and with that purpose it has framed Bar Council of India Certificate and Place of Practice (Verification) Rules, 2015. The BCI has framed these Rules in order to check and stop the occurrence of the use of such fake degrees or to stop the non-practicing persons enrolled with the State Bar Council from getting benefit or any welfare schemes of all the State Bar Councils/ Government or any other institutions. BCI through these Rules has formed the Committees through State Bar Councils in order to implement the verification rules. Further, within a period of 6-7 months, the entire verification process will be completed and fake lawyers will be identified.

Special Economic Zones (SEZs)

The Board of Approval (BoA) on Special Economic Zones (SEZs) in its meeting held on 19th May, 2015, has approved for cancellation / de-notification of 22 SEZs as the progress made by the Developers of said SEZs are not satisfactory. The approval is subject to the concerned Development Commissioner of SEZ furnishing a certificate in the prescribed format that the developer has not availed any tax/duty benefits including Service Tax Exemptions, if any, under the SEZs Act and Rules, or has refunded any such benefits availed by it and no objection certificate from concerned State Government.

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