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  • Update on E-Mandate Processing for Auto-Replenishment

    Update on E-Mandate Processing for Auto-Replenishment

    On 22nd August 2024, RBI updated its E-Mandate Framework through notification RBI/2024-25/64 CO.DPSS.POLC.No.S528/02-14-003/2024-25 to include the auto-replenishment of FASTag and National Common Mobility Card (“NCMC”) balances under the e-mandate framework. This update is significant because: (a)      Auto-replenishment will now be triggered automatically when

  • Regulatory Update: National Clean Air Programme (NCAP)-India, 2018

    Regulatory Update: National Clean Air Programme (NCAP)-India, 2018

    Ministry of Environment, Forest and Climate Change released the National Clean Air Programme for India. National Clean Air Programme aims at overcoming the deficits in ongoing government initiatives targeted towards air pollution control. Its goal is to meet the prescribed

  • CLARIFICATION ON DEFINITION OF “JOINT VENTURE”

    CLARIFICATION ON DEFINITION OF “JOINT VENTURE”

    MINISTRY OF CORPORATE AFFAIRS (MCA) CLARIFICATION ON DEFINITION OF “JOINT VENTURE” FOR THE PURPOSE OF EXEMPTION FROM APPOINTMENT OF INDEPENDENT DIRECTORS BY CERTAIN UNLISTED PUBLIC COMPANIES The MCA vide its notification dated 5 July 2017 had inserted Rule 4(2) and

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