The Ministry of Corporate Affairs vide its Notification dated 24th March 2021 [G.S.R. (E)] has amended the Schedule III of the Companies Act, 2013 (“the Act”) which shall come into force starting the 1st day of April 2021. The Amendments
The Department of Promotion of Industry & Internal Trade, Government of India issued Press Note No. 1 (2021 Series) [DPIIT File No. 5(13)/2020-FDI Policy] dated March 19, 2021 (‘Press Note’) in order to review the extant FDI Policy with respect
On 22nd January 2021, the Ministry of Corporate Affairs notified the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 (“Amendment Rules”). These amendment rules have brought into effect the amendments to Section 135 of the Companies Act, 2013 (“Act”) and
With the intent to benefit start-ups and small businesses, the Finance Minister announced several measures to promote ease of doing business for One Person Company which includes the following key amendments: Incorporation of One Person Company (OPC): The Budget made
The Department of Economic Affairs, Ministry of Finance introduced "the Scheme for Financial Support to PPPs in Infrastructure" (Viability Gap Funding Scheme) in 2006 with an objective of supporting infrastructure projects undertaken through Public Private Partnerships (PPPs) mode that are
1. The National Payment Corporation of India (“NPCI”), had issued a circular, dated November 24, 2020, for enhancing complaint handling and resolution process for UPI transactions. Prior to this RBI had already introduced the concept of Online Dispute Resolution (“ODR”)
On 26th November 2020, The Ministry of Road Transport and Highways has notified the Motor Vehicle Aggregator Guidelines, 2020 (“Guidelines”) as per the provisions of the Motor Vehicles (Amendment) Act, 2019. Highlights of the Guidelines are as follows– Aggregator has
The Food Safety and Standards Authority of India (“FSSAI”) has developed framework of national Food Safety Emergency Response (“FSER”) which outlines the multi sectorial collaboration, their roles, responsibilities and management actions during food safety emergency situation as envisaged under the
The Government of India in the Ministry of Commerce and Industry (Department for Promotion of Industry and Internal Trade) has vide notification dated 4 November 2020 notified the Patents (2nd Amendment) Rules, 2020 (“Rules”). The highlights of the new rules
1. Introduction The Insurance Regulatory and Development Authority of India (“IRDAI”), via notification dated November 23, 2020, had released the IRDAI (Minimum Information Required for Investigation and Inspection) Regulations, 2020 (“Regulations”). As per the notification, the Regulations shall come into
This notification has been released by Press Information Bureau (PIB) on behalf of Ministry of Finance on 13 October, 2020. This press release is based on a report published by Economic Times Market related to the LTC voucher scheme for
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