MCA notifies Several Revised Company Forms
The Ministry of Corporate Affairs (MCA) has issued a notification listing out the various forms that are notified in January 2023. This notification lists out 10 new company forms that were rolled out on 9th January, 2023. The notification also lists out 46 new company forms that will be rolled out on 23rd January, 2023.
IRRS issues Report of its Extended Follow-up Mission to India in June 2022
Integrated Regulatory Review Service (IRRS) has issued a report on its extended follow-up mission to India. The mission was held from 9th to 20th June, 2022. The IRRS team concluded that AERB showed a strong commitment and professionalism to ensure that nuclear and radiation safety is implemented in the country. With respect to radiation sources facilities and activities, the IRRS team concluded that AERB generally implements the regulatory process and safety requirements in accordance with the IAEA safety standards.
Ministry of Chemicals and Fertilizers issues notice on Third-party Security Audit of the Dashboard Portal and CPDS Portal
The Ministry of Chemicals and Fertilizers has issued a notice on Third-party Security Audit of the Dashboard Portal and CPDS Portal. The notice invites quotes on estimates of expenditure and time to be taken for carrying out the Third Party Security Audit of the Dashboard portal and CPDS portal. The scope of work is also attached to the present notification. The quotes shall reach the Under Secretary to the Government of India at the e-mail singh.manju@gov.in by 23rd January, 2023.
ESIC clarifies on Grant of HPCA/ PCA to Paramedical Staff
The Employees’ State Insurance Corporation (ESIC) has issued a clarification on the Grant of Hospital Patient Care Allowance (HPCA) / Patient Care Allowance (PCA) to Paramedical Staff. The notification states that HPCA/ PCA will not be admissible to paramedical employees who are deployed on administrative duties.
Annual Preventive Health Check-up Programme for ESI Insured Persons/Insured Women (IPs/Iw) aged 40 years and above
Under the programme, various data including health record of the IPs/IW may be stored appropriately in the physical/electronic form as per available ICT infrastructure. The data so generated during health check-up is to be analysed for occupational diseases in locations/clusters.
Clarification on classification of shares issued by virtue of demerger to Insurance Companies
Investment in equity shares and preference shares in Resulting Investee Company(s) after a demerger shall be classified as “Approved investment” or “Other Investment”, for initial two financial years as per IRDAI Investment Master Circular dated October 27, 2022.
Guidelines on Insurance claims of victims of Subsidence and Landslides in the calamity affected areas in the State of Uttarakhand
The general insurers are advised to initiate immediate steps for quick registration and disposal of
claims.
FSSAI issues identity standards for Basmati Rice
These standards specify various identity and quality parameters for basmati rice such as average size of grains and their elongation ratio after cooking; maximum limits of moisture, amylose content, uric acid, defective/damaged grains and incidental presence of other non-basmati rice etc.
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.
