Framework for Offer for Sale (OFS)of Shares to Employees through Stock Exchange Mechanism
Promoters of eligible companies shall be permitted to sell shares within a period of 2 (two) weeks from the OFS transaction to the employees of such companies. The offer to employee shall be considered as a part of the said OFS transaction. The promoters may at their discretion offer these shares to employees at the price discovered in the said OFS transaction or at a discount to the price discovered in the said OFS transaction.
MCA has launched the LEAP-1 form under the Companies (Listing of equity shares in permissible jurisdictions) Rules, 2024
Stakeholders are informed that the form would be deployed in MCA-V2 system under Company forms download.
Reserve Bank of India holds conference of Directors of select Urban Co-operative Banks (UCBs) of Southern Zone
Discussions during the conference revolved around approaches to strengthen cybersecurity, inculcating a culture of cyber awareness and implementing measures to protect and respond to cyber-attacks effectively. The Conference included an address by the Executive Director and an open house interactive session between the participants and the senior officers of the RBI.
Report titled “Finances of Panchayati Raj Institutions”
This report has been prepared in the Division of Local Finances in the Department of Economic and Policy Research. It is available on the Reserve Bank’s website (www.rbi.org.in). Comments and suggestions on the Report may be sent to the Director, Division of Local Finances, Department of Economic and Policy Research, Reserve Bank of India, M. M. Marg, Mumbai Central, Mumbai – 400 008. Comments can also be forwarded via e-mail.
Maharashtra Electricity Duty (Amendment) Act, 2023
The Maharashtra Electricity Duty (Amendment) Act, 2023, introduces amendments to the Maharashtra Electricity Duty Act, 2016, including the deletion of specific clauses related to Metro and Monorail, the removal of certain entries in the schedule, and the insertion of a new section 15A to clarify exemptions for the consumption or sale of electricity in government-related activities.
Karnataka Commercial Taxes Department (Recruitment) (Amendment) Rules, 2023
The Finance Department of Karnataka, outlined the issuance of the Karnataka Commercial Taxes Department (Recruitment) Rules, 2023, specifically focusing on the qualifications and requirements for the positions of Commercial Tax Inspector and First Division Assistant.
Maharashtra Private Universities (Establishment and Regulation) Act, 2023
The Maharashtra Private Universities (Establishment and Regulation) Act, 2023 aims to unify, consolidate, and amend laws related to self-financed private universities in the state, providing for their establishment, incorporation, and regulation to advance higher education and address the development needs of the state, while ensuring compliance with regulatory standards and promoting inclusivity and diversity.
Date Declared For NEET-MDS 2024 Examination
The Dental Council of India (DCI) has that the National Eligibility cum Entrance Test for Master of Dental Surgery (NEET-MDS) will take place on 18th March 2024. Candidates are advised to stay updated with official notifications and guidelines provided by the examination authorities.
CDSCO publishes List of NSQ Pharmaceuticals for December 2023
A total of 1008 samples were tested by the CDSCO. Based on the samples tested, CDSCO has found a total of 78 drugs, medical devices, vaccines and cosmetics that are identified as being not of standard quality.
AERB Holds Discussions On Decommissioning of Nuclear Facilities and Release of Site from Regulatory Control
Discussions delved into national and International Atomic Energy Agency (IAEA) safety requirements for decommissioning, as well as criteria followed by different countries for releasing sites from regulatory control post the termination of nuclear practices.
