Corporate Updates – 19-02-2015


The Ministry of Corporate Affairs has extended the tenure of Justice Shri D.R. Deshmukh, Chairman, Company Law Board for a period of 3 months w.e.f 06-03-2015 and tenure of Shri Ashok Kumar Tripathi, (MemberJudicial), Company Law Board, for a period of 3 months w.e.f 21-02-2015 respectively or until the National Company Law Tribunal (NCLT) is constituted or till the appointment of their successor or until further orders, which ever may be earliest.


The DGFT has introduced a new format for issuance of e-IEC as Appendix 18B-1 in the Handbook of Procedure Vol. I (Appendices and Aayat Niryat Forms), 2009-2014 and further notifies that the existing format, Appendix 18B, will continue to be in force for IEC numbers being issued in physical form, based on manual applications. New IEC numbers, based on online applications, will however be issued in electronic form as per the new format for e-IEC (Appendix 18B-1). Further, it is notified that decision regarding grant or refusal of IEC will be conveyed to the applicant through sms and system generated letter, on the registered email address of the applicant. The application fee for online IEC is Rs 250/- only.

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