Companies Act 2013 Current Affairs, GK & News

CSR funds for ‘Har Ghar Tiranga’

Recently, government announced for companies to spend CSR funds on activities related to ‘Har Ghar Tiranga’ campaign. Government is organising the “Har Ghar Tiranga Campaign” as a part of Azadi ka Amrit Mahotsav. The campaign is intended to encourage people to hoist national flag at their home to celebrate the 75th years of India’s independence. ..

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National Financial Reporting Authority – Update (March, 2022)

The Appointments Committee of the Cabinet (ACC) has approved the appointment of former finance secretary Ajay Bhushan Pandey as the chairperson of the National Financial Reporting Authority (NFRA). About NFRA National Financial Reporting Authority (NFRA) is a statutory body, established in 2018 under the Companies Act 2013. It is an independent regulatory body, which oversees ..

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Foreign direct investment in LIC

The Government of India recently decided to allow 20% Foreign Direct Investment (FDI) in LIC (Life Insurance Corporation). This is to be done by amending the Foreign Exchange Management Rules (FEMA). What is the plan? The DFS, DIPAM are to create a plan to amend the FDI in insurance sector after consulting DPIIT. DFS is ..

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Rules related to incorporation of companies changed

The government has amended the rules concerning to the incorporation of companies which comes under the Companies Act, 2013. From 1st September, these changes will come into effect.   Highlights Companies Act, 2013, is being implemented by the corporate affairs ministry and they have amended the Companies (Incorporation) Rules, 2014. Changes have been made to ..

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PM CARES Fund: Oxygen Plant for 100 new hospitals

The Ministry of Health and Family Welfare recently announced that around hundred new hospitals are to have their own oxygen plant under the PM CARES Fund. PM CARES Fund is Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund. What is the plan? The Government of India has sanctioned 162 Pressure Swing Adsorption Plants ..

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Global Hackathon: NPCI PayAuth Challenge

The National Payments Corporation of India (NPCI) has announced to launch ‘NPCI PayAuth Challenge’. It is a global-level hackathon that will be organised to get the alternatives of the authentication of Unified Payments Interface (UPI) transactions. One such alternative options is the use of biometric while making transactions. Key Points NPCI PayAuth Challenge hackathon is ..

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