RBI guidelines on distribution of dividend by NBFCs
Reserve Bank of India has issued guidelines on distribution of dividend by NBFCs. These guidelines shall be effective for declaration of dividend from the profits of the financial year ending March 31, 2022 and onwards.
EGMs can be held through Video Conference or OAVM or postal Ballot
Ordinary and special resolutions can be passed in EGMs held through VC or OAVM or postal Ballot till 31st December, 2021.
The Minerals (Evidence of Mineral Contents) Amendment Rules, 2021.
A detailed reassessment of resources shall not be required to be carried out in cases where the estimate of Mineral Resource required for auction can be assessed on the basis of the available report of exploration or geological study report or last approved mining plan for the said area, after adjusting for the mineral already produced from the mine.
The Mineral (Auction) Second Amendment Rules, 2021
The amendment provides that if for any mineral or mineral grade, the average sale price in respect of the relevant State for any month is not published by the Indian Bureau of Mines, the average sale price for the latest month published for such mineral or mineral grade shall be deemed to be the average sale price for the said month for which average sale price is not published.
Food security (Assistance to State Government)(Amendment) Rules, 2021
The amendment provides that with effect from 18th June, 2021, any savings if accrued by any State/Union Territory from the additional margin provided towards the cost of purchase, operation and maintenance of the point of sale device, its running expenses and incentive for its use, can henceforth be utilised for purchase, operations and maintenance of electronic weighing scales and their integration with the point of sale devices.
Covid-19 update and status of vaccination drive
The Ministry of Health and Family through the Covid-19 update and status of vaccination drive issued through press release published that 30.16 Cr. Vaccine Doses has been administered so far under Nationwide Vaccination Drive.
Companies (Accounting Standards) Rules, 2021
A small and Medium Sized Company, as per the revised criteria, shall have turnover not exceeding two hundred and fifty crore rupees and borrowings less than fifty crore rupees.
