Ministry of Corporate Affairs (MCA – ROC)
1.
Government
constitutes the Company Law Committee
The Committee shall initially have a tenure
of one year from the date of its first meeting.
2.
FAQs
On DIR-3 KYC
MCA has released various FAQ’s regarding DIR
3 KYC for Every DIN Holder (Director and Designated Partner)
3.
MCA
has released Press news for the public:
Initiatives taken by the Ministry towards
Ease of Doing Business
4.
National
Financial Reporting Authority (Amendment) Rules, 2019
Ministry of Corporate Affairs (MCA), Government of India wide
notification dated 05th September, 2019 has amended the
National Financial Reporting Authority Rules, 2018, (NFRA Rules). These rules
may be called the National Financial Reporting Authority (Amendment) Rules,
2019 {NFRA (Amendments) Rules, 2019}.
Link: https://enlightengovernance.blogspot.com/2019/09/nfra-amendment-rules-2019-auditors-alert.html
1.
Cabinet approves Promulgation of the Prohibition of
Electronic Cigarettes Ordinance
In a major health and wellness
initiative for the country, the Union Cabinet chaired by the Prime Minister
Shri Narendra Modi has approved the Promulgation of the Prohibition of
Electronic Cigarettes (production, manufacture, import, export, transport,
sale, distribution, storage and advertisement) Ordinance, 2019.
MAJOR IMPACT:
The decision to prohibit
e-cigarettes will help protect population, especially the youth and children,
from the risk of addiction through E-cigarettes. Enforcement of the Ordinance will complement
government's efforts for tobacco control and will help in reduction of tobacco
use and reduction in associated economic and disease burden.
2.
Government constitutes Company Law Committee for examining
and making recommendations on various provisions and issues pertaining to
implementation of the Companies Act
3.
Cabinet approves Payment of PLB to railway employees for the
FY 2018-19
The Union Cabinet chaired by
the Prime Minister Shri Narendra Modi has approved the payment of Productivity
Linked Bonus (PLB) equivalent to 78 days wages to over 11.52 Lakh eligible
non-gazetted railway employees (excluding RPF/RPSF personnel) for the Financial
Year (FY) 2018-19, for maintaining industrial peace and motivation of
railwaymen. This entails an expenditure of Rs. 2024.40 crores to the exchequer.
4.
Foreign Trade Policy 2015-20
Directorate General of foreign
Trade hereby amends Annexure I to Appendix 2A laying down the procedure for
import of various items under Tariff Rate Quota under different Trade Agreement
(Para 2.107) of the Handbook of Procedure (2015-20) as in Annexure-I
5.
Employees’
Provident Fund Organisation Junior Hindi Translator Recruitment Rules, 2019.
6.
Joint
Electricity Regulatory Commission for the State of Goa and Union Territories
(Conduct of Business) (5th Amendment) Regulations, 2019
7.
The
Prohibition of Electronic Cigarettes (Production, Manufacture, Import, Export,
Transport, Sale, Distribution, Storage and Advertisement) Ordinance, 2019
8.
This scheme may be
called the Nationalised Banks (Management and Miscellaneous Provisions)
Amendment Scheme, 2019.
9.
Prevention of
Money-laundering (Maintenance of Records) Fourth Amendment Rules, 2019.
Corporate Bites
1.
Govt's
taking a bet with NRI deposits
High-level panel to study merger of NRI & FPI routes:
The government plans to appoint a high-level committee to
look into merging the non-resident Indian (NRI) and foreign portfolio investor
routes, said three people aware of the matter. Finance minister Nirmala
Sitharaman had announced in the July budget that the investment avenues would
be merged to give NRIs seamless access to Indian equities.
A committee set up by Sebi had recommended a merger in
September 2018.
2.
Current slowdown cannot be tackled by monetary policy alone:
SBI report
The contemporary issue for
macroeconomists is to exclusively focus on assuring adequate aggregate demand
as the current slowdown cannot be tackled by monetary policy in isolation. SBI
in a report says monetary policies have done little to boost aggregate demand
Read More at:
3.
Incentives for exports to boost shipments: Exporters
Incentives announced by the
government will help in boosting the country's exports at a time when there are
signs of worsening global economic conditions and it will help in boosting
outbound shipments, according to exporters.
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