MCA clarifies the procedure for filing of forms in the MCA-21 registry by the insolvency professionals.
The Ministry of Corporate Affairs vide its circular dated 17th February 2020, has clarified the procedure to be followed by, and powers and duties of, the insolvency professionals appointed under IBC, 2016.
District Magistrate of Chandigarh issues order regarding security & safety of women employees working late hours.
The Office of the District Magistrate, Chandigarh, has re-issued an order on 14th January 2020, directing the organizations like B.P.O.s, Call Centres, corporate Houses, Media Houses, companies, firms & other similar entities, providing facility of pick and drop to their employees, to abide by the specified conditions to ensure safety of the employees, especially women employees, working till late hours, effective immediately.
E-waste Manufacturers in the State of Rajasthan shall maintain pass book issued by the state board.
The Rajasthan State Pollution Control Board vide its order dated 10th February 2020 has mandated e-waste manufacturers, dismantlers, refurbishes and recyclers to maintain passbook that is issued by RSPCB. The passbook will contain type and details of the e-waste permitted for procurement.
Public companies shall get themselves declared as Nidhi within 9 months from commencement of Nidhi (Amendment) Rules, 2019.
A public company shall declare it as Nidhi and every Nidhi incorporated under the Act shall get itself declared within a period of 1 year from the date of its incorporation or within a period of 9 months from the date of commencement of Nidhi (Amendment) Rules, 2019.
CBDT notifies Income tax 5th Amendment Rules to make PAN inoperative if it is not linked with Aadhaar.
The Central Board of Direct Taxes in its notification dated 13th February 2020, has published the Income-tax (5th Amendment) Rules, 2020 to fix the final deadline for linking PAN with Aadhaar. The PAN of a person will become inoperative if it is not linked with the Aadhaar on or before 31-03-2020.
CBDT Prescribes procedure of PAN allotment through common application form.
The Central Board of Direct Taxes has prescribed the procedure for allotment of permanent account number through a common application form. The Common Application Form shall be applicable to new Foreign Portfolio Investors for the purpose of registration, opening of bank and demat accounts and for application for PAN.
SEBI constitutes ‘Municipal Bonds Development Committee’ to make recommendations for development of municipal debt securities market
Securities Exchange Board of India(SEBI) vide press release dated February 14, 2020, has issued Municipal Bonds Development Committee in order to make recommendations to SEBI on policy matters pertaining to development of municipal debt securities market. The committee shall advise SEBI on issues related to regulation of intermediaries, development, structural reforms and facilitation of issue in primary and secondary market of municipal debt securities.
SPICe+ and AGILE-PRO would be deployed shortly on MCA
The Ministry of Corporate Affairs under its news and update column has intimated the stakeholders to continue the use of existing SPICe and AGILE forms until the new SPICe+ and AGILE-PRO is deployed.
Drugs Marketers to be held liable for quality of drugs and other regulatory non-compliances followed by manufacturer
The Ministry of Health and Family Welfare vide its notification dated 11th February, 2020, notifies the Drugs and Cosmetics (Amendment) Rules, 2020 which mandates that the name of the marketer of the drug and address shall be shown in the drug packet.
Ministry of Finance Notifies rules for Banning of unregulated Deposit scheme.
The Ministry of Finance vide notification dated 12th February 2020, has published the Banning of Unregulated Deposit Schemes Rules, 2020 which provides for a comprehensive mechanism to tackle illicit deposit taking activities and various provisions related to information and particulars to be considered, manner of provisional attachment and administration of provisionally attached property.
