RBI issues guidelines on opening of current account by banks.
As per the new guidelines, RBI has given banks time until 31st October 2021 to implement the new rules on current accounts issued in 2020. The regulator had previously set a deadline of 31 July.
MoHFW notifies Drugs Draft Amendment Rules, 2021.
If the person proposing to manufacture a drug for the purpose of examination, test or analysis does not hold a licence in Form 25 or Form 28 in respect of such drugs he shall, before commencing such manufacture, shall obtain a licence in Form 29.
The Securities and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2021.
The Amendment is brought under regulation 25 which deals with Asset Management Company and its obligations in which as per regulation 25(16A), the asset management company shall invest such amounts in such schemes of the mutual fund, based on the risks associated with the schemes, as may be specified by the Board from time to time.”
MCA exempts foreign companies and companies incorporated outside India from the provisions of sections 387 to 392.
Section 387 to 392 of the Companies Act 2013 deals with dating of prospectus and provisions as to experts consent and allotment, the registration of prospectus, offer of India depository receipts and the punishment for contravention.
The Companies (Specification of definitions details) Third Amendment Rules, 2021.
The electronic-based offering of securities, subscription thereof or listing of securities in the International Financial Services Centres set up under section 18 of the Special Economic Zones Act, 2005 (28 of 2005) shall not be construed as ‘electronic mode’ for the purpose of clause (42) of section 2 of the Act.
Securities and Exchange Board of India (Prohibition of Insider Trading) (Second Amendment) Regulations, 2021
The illustrative table of the reward payable to informants is provided by the amendment. It is also clarified that if the total reward payable is less than or equal to Rupees One Crore, the Board may grant the said reward upon the issuance of the final order by the Board.
Ministry of Commerce and Industry notifies various measures for promoting export.
The Foreign Trade Policy has been extended upto 30.09.2021 to provide a stable regime during the Covid-19 pandemic and has extended the Rebate of State and Central Levies and Taxes (RoSCTL) Scheme for apparel and made-up exports till March 2024.
Maharashtra PCB to develop a ‘Laboratory Information Management System
The new system provides an end-to-end solution and encryption for sample processing to make it easier for authorities to take appropriate action based on sample analysis reports.
Rajasthan PCB extends period of waiver of fee for registration under the Battery (Management and Handling) Rules, 2001
The Rajasthan State pollution Control Board through circular dated 30.07.2021 has directed that the period of
waiver of registration fee of Rs.10000 (In words Rupees ten thousand only) for dealers for registration under the Battery (Management and Handling) Rules, 2001 is hereby extended up to 30.09.2021.
Government of W.B publishes procedure to issue ‘consent to operate’ and ‘consent to establish’ for green category of industries having capital investment up to five crore
It is clarified that only online applications will be received from 2 August, 2021. It is further directed that online payments shall be made by applicants within 24 hours of online application and certificate shall be issued by authorities within 24 hours of making online payment.
