IBBI issues an Order in the matter of Association of Certified Valuators and Analysts
The Insolvency and Bankruptcy Board of India (IBBI) has issued an Order in the matter of Association of Certified Valuators and Analysts. This Order disposes of the Show Cause Notice (‘SCN’), dated 20th September 2022 issued to the Chief Executive Officer of the Association of Certified Valuators and Analysts (‘ACVA”). While disposing of the SCN, the Order issued a warning to the ACVA that it should be extremely careful and diligent in its organizational processes and follow the directions of the Authority in letter and spirit.
MCA Invites public comments on changes being considered to the Insolvency and Bankruptcy Code, 2016
The Ministry of Corporate Affairs (MCA) has issued a public notice inviting comments on changes being considered to the Insolvency and Bankruptcy Code (IBC), 2016. The notice was issued on 18th January, 2023. The changes the the IBC are being considered in order to strengthen its functioning. he public is invited to submit their suggestion/comments, if any, along with brief justification. These may be submitted online on the weblink latest by 5:30 PM on 7th February, 2023.
RBI issues Guidelines on Acquisition and Holding of Shares or Voting Rights in Banking Companies
RBI has issued Guidelines on Acquisition and Holding of Shares or Voting Rights in Banking Companies. These Guidelines were issued on 16th January, 2023. The Guidelines state that Every person intending to acquire shares or voting rights and to become a major shareholder of a banking company must obtain prior approval of the RBI. Such person shall make an application to the RBI along with the declaration in Form A.
Draft guidelines on Halal certification for the export of meat and its products
The comments on the draft guidelines may be sent to moc_epagril@nic.in by February 17, 2023.
New India Literacy Programme
The students can take on to teach 3-4 non-literates of 15 years and above per year voluntarily toward this end and appropriate credits in the Credit Framework for this activity may be considered.
ESIC seeks to revise the monthly automatic limit and transfer of funds
ESIC has requested industrial units to send the proposal for revision of the monthly automatic limit of the units with the approval of the Head of the office before January 31, 2023.
