MCA notifies the Companies (Acceptance of Deposits) Amendment Rules, 2020
The Amendment Rules stipulate that the term ‘deposits’, inter alia, does not include an amount of Rs 25 lakh or more received by a start-up company, by way of a convertible note in a single tranche, from a person. Such convertible note must be convertible into equity shares or repayable within a period not exceeding ten years from the date of issue. Prior to this amendment, the period of repayment was fixed at 5 years from the date of issue. This period has now been extended to 10 years.
FSSAI requests Municipal Corporations in Delhi to desist from issuing separate/ additional food licences
The FSSAI categorically states that upon the enactment of the Food Safety and Standards Act, 2006 and the Food Safety and Standards (Licensing & Registration) Rules, 2011, the Registering Authorities/ Central or State Licensing Authorities were appointed by the Commissioner of Food Safety. As a result, the issuance of licences/ registration of FBOs in India vests solely with these authorities. In the light of this, the FSSAI urges that no separate/ additional food licences are to be issued by the Municipalities of NCT of Delhi. Further, any FBOs doing business or planning to start a business are required to obtain a licence from FSSAI. The notice further clarifies that the abovestated approach is in line with the promotion of Ease of Doing Business (EoDB) by streamlining regulatory and compliance burdens on FBOs.
ESIC smoothens the process of submission of life certificates for disbursement of pensions
The process requires pensioners/ family pensioners availing pension from ESIC to submit their life certificate to the head of any office of ESIC/ authorised officer with the request to forward it to the concerned Pension Disbursing Authority. The concerned officer will verify the identity and personal details of the pensioner based on the data on the said link. After this verification, he shall acknowledge the life certificate by making a remark on it that it has been submitted in his presence. The life certificate will then be forwarded to the Pension Disbursing Authority. The Disbursing Authorities shall treat the life certificate received in accordance with the above procedure as a valid life certificate and shall disburse pension accordingly.
Orissa SPCB clarifies that it will not require waste disposal authorizations from units that are not required to obtain consent to establish or consent to operate
The notice clarifies that SPCB authorization for disposal of waste will not be required where the consent to establish and consent to operate is not required from the board under the Water (Prevention & Control of Pollution) Act, 1974 and the Air (Prevention & Control of Pollution) Act, 1981. However, such occupiers are required to give the hazardous and other wastes generated to the actual user, waste collector or the operator of the disposal facility.
SEBI sets 31st March 2020 as cut-off date for re-lodgement of transfer deeds.
shares that are re-lodged for transfer (including those requests that are pending with the listed company / RTA, as on date) shall henceforth be issued only in Demat mode.
National Stock Exchange of India Limited permitted to undertake Aadhaar Authentication service of the UIDA.
SEBI has earlier permitted eight entities to undertake Aadhaar Authentication service of UIDA, however, through this notification it has added the National Stock Exchange (NSE) to the list of entities that can undertake e-KYC Aadhaar authentication.
MCA extends the due date till 31st December 2020 for holding AGM for all companies.
MCA has extended this timeline due to COVID-19 keeping in view the demand of companies and professionals for extending the time to hold the AGM.
The government of Punjab allows private hospitals/clinics to conduct rapid antigen testing for COVID-19 after empanelment.
It has been clarified that all rapid antigen test results are entered into the ICMR portal using the login ID credentials provided by the health department.
