Update as on May 25, 2015

RECENT NOTIFICATIONS:

·          Seeks to further amend notification No. 6/2005-CE dated 1.3.2005

·          Rate of exchange of conversion of the foreign currency with effect from 22^nd May, 2015

·          Modalities for implementation of Atal Pension Yojana (APY)

·          External Commercial Borrowings (ECB) denominated in Indian Rupees (INR) – Mobilisation of INR (Corrected)

·          SHG-Bank Linkage Programme – Revision of progress reports

·          Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances – Spread over of shortfall

·          Lending against security of single product - Gold Jewellery

·          Scheme of Incentives & Penalties – Review

·          Rupee Drawing Arrangement - Increase in trade related remittance limit

·          Implementation of Section 51-A of Unlawful Activities Prevention Act (UAPA), 1967-12th Update of Al-Qaida Sanctions List

·          Seeks to amend notification No. 12/2014- Central Excise (N.T.) dated the 3rd March, 2014

·          Seeks to amend CENVAT Credit Rules, 2004, with effect from 1st June, 2015

·          Seeks to exempt certain services under Power System Development Fund (PSDF) Scheme of Ministry of Power

·          Seeks to enforce certain provisions of the notification No. 06/2015- ST, dated the 1st March, 2015, with effect from 1st June, 2015

·          Seeks to enforce certain provisions of the notification No. 05/2015- ST, dated the 1st March, 2015, with effect from 1st June, 2015

·          Seeks to enforce certain provisions of the Finance Act, 2015, with effect from 1st June, 2015

·          Seeks to amend notification No. 26/2012- ST, dated the 20th June, 2012

RECENT FOREIGN COURT DECISIONS:

United Kingdom Supreme Court Decisions:

·          AR v RN (Scotland) [2015] UKSC 35 (22 May 2015)

England & Wales High Court (Chancery Division) Decisions:

·          Granada Group Ltd v The Law Debenture Pension Trust Corporation Plc [2015] EWHC 1499 (Ch) (22 May 2015)

·          Bank of Beirut S.A.L. & Anor v HRH Prince Adel El-Hashemite & Anor [2015] EWHC 1451 (Ch) (22 May 2015)

·          Melanie Dawn Freedman v Michael Freedman & Ors [2015] EWHC 1457 (Ch) (21 May 2015)

·          Shobna Gulati & Ors v MGN Limited [2015] EWHC 1482 (Ch) (21 May 2015)

England & Wales High Court (Family Division) Decisions:

·          Nigel Baggaley, Re [2015] EWHC 1496 (Fam) (22 May 2015)

England & Wales High Court (Queen’s Bench Division) Decisions:

·          Paul Anthony Axton & Anor v GE Money Mortgages Ltd & Anor [2015] EWHC 1343 (QB) (22 May 2015)

·          NTC & Ors v The Commissioner of Police for the Metropolis [2015] EWHC 1432 (QB) (22 May 2015)

·          Petter v EMC Europe Ltd & Anor [2015] EWHC 1498 (QB) (22 May 2015)

·          Ernst Hrabalek v Christian Hrabalek [2015] EWHC 1456 (QB) (21 May 2015)

·          Calliope Tardios & Anor v Pammela Linton (aka Patricia Carpenter) [2015] EWHC 1429 (QB) (21 May 2015)

·          John Wright v Lord Chancellor [2015] EWHC 1477 (QB) (21 May 2015)

·          Spencer Vaughan v Ministry of Defence [2015] EWHC 1404 (QB) (20 May 2015)

England & Wales High Court (Technology & Construction Court) Decisions:

·          ISG Retail Ltd v Castletech Construction Ltd [2015] EWHC 1443 (TCC) (22 May 2015)

·          GB Minerals Holdings Ltd v Short [2015] EWHC 1387 (TCC) (22 May 2015)

·          Leeds City Council v Waco UK Ltd [2015] EWHC 1400 (TCC) (22 May 2015)

·          CIP Properties (AIPT) Ltd v Galliford Try Infrastructure Ltd & Ors [2015] EWHC 1345 (TCC) (21 May 2015)

The Judicial Committee of the Privy Council Decisions:

·          Desir & Anor v Alcide (Saint Lucia) [2015] UKPC 24 (21 May 2015)