The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2022.
A resolution professional may convene a meeting of the committee as and when he considers necessary and if he considers it necessary, on a request received from members of the committee and shall convene a meeting if the same is made by members of the committee representing at least thirty three per cent of the voting rights.
ESIC relaxes the eligibility condition under ESIC COVID-19 Relief Scheme.
The deceased Insured Person must have been in employment on the date of diagnosis of COVID19 disease and contributions for at least 35 days should have been paid or payable in respect of him / her during a period of maximum one year immediately preceding the diagnosis of COVID-19 disease resulting in death.
Ministry of Education allows National Testing Agency (NTA) to perform Aadhaar authentication on voluntary basis.
The National Testing Agency is an Indian government agency that has been approved by the Union Council of Ministers to conduct entrance examinations for higher educational institutions. The NTAs tests will be scientifically prepared based on rigorous research and will be of the highest quality so that the user institutions can make well informed decisions.
SEBI notifies Framework on conversion of Private listed InvIT into Public InvIT.
The Minimum sponsor(s) contribution for the public issue of units shall be either to the extent of 15% of the units issued through the public issue or to the extent of 15% of the post-issue capital.
SEBI issues circular on Audit Committee of Asset Management Companies.
The Audit Committee of the AMC shall be responsible for oversight of financial reporting process, audit process, company’s system of internal controls, compliance to laws and regulations and other related process, with specific reference to operation of its Mutual Fund business.
RBI Statement on Developmental and Regulatory Policies
Banks in India are allowed to undertake transactions in the offshore Foreign Currency Settled Overnight Indexed Swap (FCS-OIS) market with non-residents and other market makers. Banks may participate through their branches in India, their foreign branches or through their IFSC Banking Units.
DGFT issues revised import policy for drones in sync with Finance Act, 2021
The revised import policy provides that import of drones in Completely-Built-Up
(CBU), Semi-knocked-down (SKD) or Completely-Knocked-down (CKD) form is Prohibited, subject to exceptions. Import of drone components shall be ‘Free’.
