Ministry of Communications has issued new Guidelines for Other Service Providers.
An OSP having multiple centres may obtain internet connection at a centralised location and this internet can be accessed from other OSP centre using leased circuits.
Unclaimed amounts of policyholders to be transferred to the Senior Citizens’ Welfare Fund
All insurers having unclaimed amounts of policyholders for a period of more than 10 years as on 30th September, every year are directed to transfer the same to the Senior Citizens’ Welfare Fund (SCWF) on or before 1st March of the financial year. Insurers need to follow the accounting procedure as detailed in the notification dated. 21.12.2017.
Government of Punjab to provide as-interim permission for groundwater extraction.
The authority would grant ad-interim permission on the condition that the applicant shall comply with the conditions contained in the draft guidelines.
RBI releases the Report of the Internal Working Group to Review Extant Ownership Guidelines and Corporate Structure for Indian Private Sector Banks.
The report recommends promoter stake cap in long run (15 years) be raised to 26 percent from 15 percent if paid-up voting equity share capital.
The International Financial Services Centres Authority (Banking) Regulations, 2020.
The liabilities of a Banking Unit, other than the deposits raised from Qualified Individuals and Qualified Resident Individuals, shall be exempt from Cash Reserve Ratio or other such requirements.
Draft Amendment for Madhya Pradesh Factories Rules, 1962
The amendment provides that the license for factories under the Act shall now be granted in Online Form No.3. The license can be granted for the applied period which can be ten years or more.
The MP Government relaxes requirements under the Madhya Pradesh Shop and Establishments Act for registered shops and establishments
The registered shops and establishments are exempted from the requirement under Section 13.
The Factories (Bihar Amendment) Act, 2020
The amendment has empowered the State Government to exempt any new factory or class or description of news factories which are established and whose commercial production start, from all or any of the provisions of this Act for a period of one thousand days from the date on which such commercial production start.
MoEL declares continuation of status of public utility service enjoyed by Motor Transport Industry.
The Central Government has now extended the public utility service status to the said industrial service for a further period of six months with effect from the 27th November 2020.
Settlement of dispute under Delhi Co-operative Societies Act to be decided by 30th November 2020.
The office of registrar cooperative societies vide its notification dated 18th November 2020 has ordered that all proceedings relating to the question whether dispute referred to the Registrar under section 70 of Delhi Co-operative Societies Act, 2003 is or is not a dispute touching the constitution, management or the business of the cooperative society which […]