Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2024
After the receipt of resolution plans in accordance with the Code and these regulations, the resolution professional shall provide the fair value, the liquidation value and valuation reports to every member of the committee in electronic form, on receiving an undertaking from the member to the effect that such member shall maintain confidentiality of the fair value, the liquidation value and valuation reports and shall not use the information contained in the valuation reports to cause an undue gain or undue loss to itself or any other person.
Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2024
The amended regulations are effective from 15th February, 2024.
DGFT declares Mundra Port and ICD Garhi Harsaru for import of new Vehicles
Mundra Port and ICD Garhi Harsaru are added to the existing list of 16 ports/lCDs through which import of new vehicles is permitted.
Revised policy conditions for exports of all wild animals, animal articles including their products and derivatives
Live exotic birds are not permitted to be Exported subject to exceptions. Exports if allowed shall be subject to pre- shipment inspection and CITES certificate.
MCA deploys Change Request Form (CRF) on MCA-21
This web- based Form is to be used only under exceptional circumstances, for making a request to Registrar of Companies (RoCs), for the purposes which cannot be catered through any existing form or services or functionality available either at Front Office level (users of MCA-21 services) or Back Office level (RoCs). The Form should be processed by RoCs within 03 days of its filing, after which it should be forwarded to Joint Director (e-governance cell), who shall process and decide the matter within a maximum time of 07 days.
Companies (Registration Offices and Fees) Amendment Rules, 2024
The Registrar of the Central Processing Center shall examine or cause to be examined every application or e-Form or document required or authorized to be filed or delivered as provided under sub-rule (3), for approval, registration or taking on record by the Registrar.
MCA announces that all the incorporation related services can also be accessed through the National Single Window System (NSWS)
The National Single Window System (NSWS) can be accessed through the following link: https://www.nsws.gov.in/
RBI declares that Card Network that enables businesses to make card payments through certain intermediaries to entities that do not accept card payments qualifies as payment system
Under this arrangement, the intermediary accepts card payments from corporates for their commercial payments and then remits the funds via IMPS/RTGS/NEFT to non-card accepting recipients. On closer scrutiny, it was observed that this arrangement qualified as a payment system. Under the provisions of Payment and Settlement Systems (PSS) Act, 2007, such payment system requires authorization under Section 4 of PSS Act, which has not been obtained in the instant case. The activity was, therefore, without legal sanction.
Marketing & Entrepreneurship Development Programme by Government of Tamil Nadu
Entrepreneurship Development and Innovation Institute (EDII), Chennai is organizing following 3 days training programs at EDII-TN campus, Chennai. Create Your own YouTube Channel and Marketing 21.02.2024 to 23.02.2024 9.30 AM to 5.00 PM. EDP – Beautician Training 21.02.2024 to 23.02.2024 9.30 AM to 5.00 PM.
“Kerala Government Implements Initiative for Adequate Water Supply in Schools”
Public Education and Labor Department Minister said that the school authorities should ensure drinking water for the students who cannot bring drinking water. The minister was speaking at the state-level inauguration of the water bell program, which allows breaks for drinking water in schools in the face of increasing heat, at, Thiruvananthapuram.
