SEBI notifies the Trading features pertaining to the electronic Gold Receipts (EGR) segment.
SEBI in its Board meeting held on September 28, 2021 approved the framework for Gold Exchange and SEBI (Vault Managers) Regulations, 2021. The EGRs were later notified as ‘securities’ under the Securities Contracts (Regulation) Act 1956 in December 2021, paving the way for operationalization of Gold Exchange in India. Subsequently, framework for operationalizing the Gold Exchange in India were also issued.
Ministry of Consumer Affairs reduces agri-cess for Crude Palm Oil (CPO) from 7.5% to 5% with effect from 12th February, 2022.
The rate of import duty on Refined Palm Oils at 12.5%, Refined Soyabean oil and Refined Sunflower Oil at 17.5% will remain in force up to 30th September, 2022. This measure will help in cooling down the prices of edible oils which are witnessing an upward trend in the international market due to lower availability and other international factors.
UGC extends the date for seeking Feedback/Suggestions from stakeholders on draft Guidelines on Institutional Development Plan.
The Draft guidelines include suggestions on recruitment of professionals as faculty, fast-tracking promotion system for teachers, audits of campuses, and the up gradation of physical infrastructure for effective teaching and learning.The Guidelines were released as a part of the implementation of the National Education Policy (NEP) 2020.
UGC has extended the deadline for seeking feedback on draft higher education qualification framework by 21st February 2022.
The Draft framework outlines various “descriptors” or parameters based on which students can be assessed at every level.These parameters include generic learning outcomes, constitutional, ethical, and moral principles, employment-ready skills, entrepreneurship attitude, and knowledge and skill application.
Limited Liability Partnership (Amendment) Rules, 2022.
In case a Limited Liability Partnership fails to change its name or new name, as the case may be, in accordance with the direction issued under sub-section (1) of section 17 within a period of three months from the date of issue of such direction, the letters “ORDNC” (Order of Regional Director Not Complied), the year of passing of the direction, the serial number and the existing LLPIN of the LLP shall become the new name of the LLP without any further act or deed by the LLP, and the Registrar shall accordingly make entry of the new name in the register of LLP and issue a fresh certificate of incorporation in Form No. 16A
Government of Himchal Pradesh grants paid holiday to the employees on the day of poll in the state of Goa, Manipur, Punjab, Uttarkhand and Uttarpradesh.
The General Election to the legislative assemblies of Goa, Manipur, Punjab, Uttarkhand and Uttarpradesh. are scheduled to be held w.e.f 10th February 2022 to 7th March 2022 .
MCA delegates Powers under LLP Act to regional directors.
MCA has delegated certain power under section 17 of the Limited Liability Partnership Act, 2008 to the Regional Directors at Mumbai, Kolkata, Chennai, New Delhi, Ahmedabad, Hyderabad and Guwahati which shall come into force with effect from 1st April 2022.
MCA appoints 1st April 2022 as the date on which section 1 to 29 of Limited Liability Partnership (Amendment) Act, 2021 shall come into force.
According to the Act, the central government has the authority to order an LLP to change its name for certain reasons (such as the name being undesirable or identical to a trademark pending registration). Failure to follow such instructions can result in a fine ranging from Rs 10,000 to Rs 5 lakh rupees. Instead of imposing a fine, the Act removes some of these grounds and empowers the central government to assign a new name to such an LLP.
Relaxed due date for companies to file Annual return and financial statement without additional fees
The Forms MGT-7/MGT 7A can be filed till 31.03.2022 for the financial year ended on 31.03.2021. The Forms AOC-4, AOC-4 XBRL, AOC-4 NON-XBRL, AOC-4 (CFS) can be filed till 15.03.2022 for the financial year ended on 31.03.2021 .
Governor of Tamil Nadu declares polling day as public holiday
The date on which the poll for the Ordinary Elections to the Urban Local Bodies, 2022 will take place, shall be a public holiday, in those areas wherever such poll takes place.
