08 - Legal & Regulation Updates - India
MCA notifies ‘Companies (Mediation and Conciliation) Rules, 2016
The Ministry of Corporate Affairs “(MCA)”, via Notification dated
September 9, 2016 has notified the ‘Companies (Mediation and Conciliation)
Rules, 2016 “(Rules)” which shall come into force with effect from the date of
their publication in the Official Gazette.
Relaxation of additional fees for filing IEPF 1
The Ministry of Corporate Affairs “MCA”, through a General Circular
dated September 12, 2016 has clarified that Companies that have not filed the
requisite information in Form 1 INV can now file the information in new Form
IEPF 1 (which replaces earlier Form 1 INV) after the notification of ‘Investor
Education and Protection Fund Authority (Accounting, Audit, Transfer and
Refund) Rules, 2016’ with effect from September 7, 2016.
MCA: Amendments in Schedule V of Companies Act 2013
The Ministry of Corporate Affairs (“MCA”), vide its notification dated
September 12, 2016 has made the following amendments in Schedule V of the
Companies Act 2013 which deals with “Conditions to be fulfilled for the
Appointment of a Managing or Whole time Director or a Manager without the
approval of the Central Government”.
Mines and Minerals (Contribution to District Mineral Foundation)
(Amendment) Rules, 2016
The Ministry of Coal, through a notification dated August 31, 2016 has
issued the Mines the Minerals (Contribution to District Mineral Foundation)
(Amendment) Rules, 2016 to amend the Mines and Minerals (Contribution to
District Mineral Foundation) Rules, 2015.
Bihar Industrial Investment Promotion Act, 2016
The Government of Bihar via notification dated September 2nd 2016 has
issued the Bihar Industrial Investment Promotion Act, 2016 to provide for
facilitating the promotion and development of investment in Bihar.
Directions under Section 16(5) of Food Safety and Standards Act,
2006
The Food Safety and
Standards Authority of India has issued a notice dated September, 9 2016 for
direction under Section 16(5) of Food Safety and Standards Act, 2006 regarding
Regulations 2.2.2(3) and 2.6.1(3) of the Food Safety and Standards (Packaging
and labeling) Regulations, 2011.https://innovatorsrace50.com/
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