MCA has directed entities filing CSR-2 to affix DSC before uploading it on the V2 portal
Stakeholders are also notified that LEAP-1 form under the Companies (Listing of equity shares in permissible jurisdictions) Rules, 2024 would be deployed in MCA-V2 system under Company forms download – Compliance Related Filing.
RBI clarification regarding Investments in Alternative Investment Funds banking entities
Investment by banking entities in the subordinated units of any AIF scheme with a ‘priority distribution model’ shall be subject to full deduction from RE’s capital funds. This shall only be applicable in cases where the AIF does not have any downstream investment in a debtor company of the RE.
NSE has introduced an online module to facilitate the listed companies to file the intimation of change of its corporate group
The companies are required to intimate the change in their corporate group within Two Working Days of the Effective Date of the change through the online module only in NEAPS application.
ESIC has clarified that Performance Bank Guarantee (PBG) & Earnest Money Deposit (EMD) is required only for empanelment of Private entities under ESIC
ESIC has clarified that Performance Bank Guarantee (PBG) & Earnest Money Deposit (EMD) is required only for empanelment of Private entities under ESIC, it is not required for Government Institutions.
UGC has declared that National Eligibility Test (NET) as an Entrance Test for Admission to Ph.D
To help the students with one national entrance test for admission to Ph.D. as a part of the implementation of National Education Policy (NEP) 2020, the Commission in its 578th Meeting held on 13th March, 2024, decided that from the academic session 2024-25 onwards, the NET score can be used for admission to Ph.D. programmes in place of entrance tests conducted by the different universities/HEIs.
Drug Price Hike Allowed Based on Minimal Wholesale Price Index Increase
The National Pharmaceutical Pricing Agency (NPPA) has issued a notification on permitting a hike in drug prices based on the Wholesale Price Index (WPI). This increase is by a very small margin based on a slight increase in the Wholesale Price Index (WPI) for 2023 as compared to 2022.
BIS Revises Standards for IT, Petroleum Products & GPS
The Bureau of Indian Standards (BIS) has issued several notifications revising certain standards for IT, Petroleum Products & GPS. These notifications were all published on March 26, 2024. The notification specifies different dates of establishment and withdrawal of previous standards.
