Companies (Prospectus and Allotment of Securities) Amendment Rules, 2019 notified

Ministry of Corporate Affairs has notified Companies (Prospectus and Allotment of Securities) Amendment Rules, 2019 on 22nd January, 2019. The amendment has been made in Rule 9A of the Companies (Prospectus and Allotment of Securities) Rules, 2014. Rule 9A was inserted by Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2018 and it came […]

Companies (Acceptance of Deposits) Amendment Rules, 2019

Ministry of Corporate Affairs has released Companies (Acceptance of Deposits) Amendment Rules, 2019 on 22nd January, 2019. Following important amendments have been brought: I. Insertion of words “Real Estate Investment Trusts” after “Infrastructure Investment Trusts,” in Rule 2(I), clause (c)(xviii)- It mean that Real Estate Investment Trusts will not come under the definition of Deposit. […]

Health Supplements with gelatin must contain non-veg logo

FSSAI has released a letter relating to compliance of Food Safety and Standards (Packaging and labeling) Regulation, 2011 by the manufacturers/ packers of Nutraceuticals or Health Supplements. It has been reported to FSSAI that many Nutraceuticals/Health Supplements containing gelatin shells or other ingredients of animal origin are branded as vegetarian product (green dot). This is […]

Cabinet approves creation of the National Bench of GST Appellate Tribunal (GSTAT)

The Union Cabinet, chaired by the Prime Minister, approved the creation of National Bench of the Goods and Services Tax Appellate Tribunal (GSTAT) on 23rd January, 2019. GSTAT shall be presided over by its President and shall consist of one Technical Member (Centre) and one Technical Member (State). Chapter XVIII of the CGST Act provides […]

MCA notifies MSME Form I for filing Half-yearly Returns

Ministry of Corporate Affairs has notified MSME Form I vide an order-“Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019” on 22nd January, 2019. The Central Government vide notification number S.O. 5622(E), dated 2nd November, 2018 directed that all companies, who get supplies of goods or services from micro […]

RBI notifies new ECB Framework

RBI notified Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 on 17th December, 2018 in an attempt to rationalise regulations governing all types of borrowing and lending transactions between a person resident in India and a person resident outside India. In line with the newly notified regulation, RBI has released new External Commercial Borrowings (ECB) […]

Diagnostic centers/Pathological labs/Sample collection centers: An Unchecked Scenario

The evaluation of the status of healthcare sector would be incomplete without analyzing the working and status of pathological labs and sample collection center. Ample of these centers are coming into existence as the business is profoundly aggressive and cost driven. One of the leading newspaper has now exposed certain details of these centers in […]

Non Adoption of Clinical Establishment Act by States – Finding bliss in ignorance

Till now, Only 11 states ( Sikkim, Mizoram, Arunachal Pradesh, Himachal Pradesh, Uttar Pradesh, Bihar, Jharkhand, Rajasthan, Uttarakhand, Assam and Haryana) and all Union territories except Delhi have adopted the Clinical Establishments Act, notwithstanding continuous persuasion by the central Health Ministry to the States to adopt it. As per Article 252 of the Indian Constitution, the Act has to be adopted […]

National Clean Air programme launched

As per the report of Indian council of Medical Research (ICMR), Air pollution has caused one in eight deaths in India last year, besides lowering the average life expectancy by 1.7 years. As per WHO report, Air pollution in India has led to over 1 lakh child deaths in 2016. Considering the menace, Government of […]

Updated categorization of Green and White categories of industries by UPPCB

Directions was issued by CPCB to all States and Union territories under Sec 18 (1)(b) of the Water (Prevention and control of pollution) Act, 1974 and Air (Prevention and control of Pollution) Act, 1981 to publish the expanded list of Green and White categories of industries incorporating new or leftover industrial sectors which are being […]