The Customs Authority for Advance Rulings Regulations, 2021
Customs Authority for Advance Rulings shall have the power to hear and determine all applications and petitions and to issue advance rulings.
ICSI requests relaxation in timeline for filings by LLPs
ICSI has requested for extension of due date for filing Form 8 and Form 11 for financial year 2019-20 till 31st March, 2021.
Companies directed to transfer unspent CSR amount to national funds
The amendment provides that if a company fails to spend the CSR amount during a year, the Board shall specify the reasons for not spending the amount in its CSR report.
Companies (Incorporation) Amendment Rules, 2021
The amendment provides that the regional directors shall while considering the application for conversion of a company, if he is satisfied that the conversion would not be against the interests of the company or is not being made with a view to contravene or to avoid complying with the provisions of the Act, shall allow it.
Guidelines on Standard Individual Immediate Annuity Product, “Saral Pension”
IRDAI, with a view to having uniformity across Insurers, and to make available a product by all Life Insurers that will broadly meet the needs of an average customer a standard, has introduced an individual immediate annuity product.
IRDAI directs Reporting entities to upload KYC data of all legal entities to Central KYC Registry
REs shall ensure that during periodic updation, the customers’ KYC details are migrated to current Customer Due Diligence (CDD) standards.
Rajasthan SPCB implements an online module for submission of authorization of applications under E-waste (Management) Rules 2016.
Project proponents shall ensure submission of requisite information and attachment/upload of necessary documents before final submission of online applications and no processing/authorization fee is required to be paid by project proponents.
Ministry of Commerce and Industry publishes the Designs (Amendment) Rules, 2021.
For the purposes of the registration of designs and of these rules, articles shall be classified as per the current edition of “International Classification for Industrial Designs (Locarno Classification)” published by the World Intellectual Property Organization (WIPO).
Scheme for condonation of delay for companies shall come into effect from 01st February 2021.
The Companies which have obtained orders of Hon’ble NCLT under section 252 of CA 2013 dated between 1st December to 31st December are requested to approach the concerned jurisdictional ROCs along with copy of NCLT order, challan copy towards payment of cost as imposed by Hon’ble NCLT to avail the benefit of the scheme and/to mark the company’s status from ‘Strike off’ to ‘Active’.
New ‘Extend’ functionality shall be introduced as part of SPICe+
The New ‘Extend’ functionality to be introduced as part of SPICe+ Part A in line with Rule 9A ‘Extension of reservation of name in certain cases’ of the Companies (Incorporation) Third Amendment Rules, 2020 with effect from 26th January 2021.
