Companies Act Current Affairs, GK & News

National Internet Exchange of India Initiatives

The Ministry of Electronics and Information Technology recently launched three new initiatives of National Internet Exchange of India. They were NIXI Academy, IP Guru and NIXI-IP-INDEX. Three Initiatives of NIXI IP Guru: It is also called IPv6 that extends support to all Indian entities that are finding it challenging to adopt IPv6. The IPv6 is ..

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Italy: First Food Park in India

Italy recently launched the first “Mega Food Park” in India involving food processing facilities. It is the first Italian-Indian Food Park project launched in the country. About the Project The name of the project is “Mega Food Park”. The main aim of the project is to develop an interaction between agriculture and industry. Also, the ..

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SEBI: India should separate the roles of Chairperson and Managing Director

The Securities and Exchange Board of India recently announced that it will not extend the deadline to separate the posts of Managing Director and Chairperson. In April 1, 2020, SEBI asked the Indian companies to separate the roles of chairperson and Managing Director. However, a time period of two years was provided for compliance. Now ..

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MCA amends the Definition of Small Companies

The ministry of corporate affairs (MCA) has amended definition of the small companies by amending the Companies Rules. The new amendment allows the non-resident Indians (NRIs) to incorporate one person companies (OPCs) in India. Highlights The changes were announced by finance minister Nirmala Sitharaman during the presentation of Union budget. These changes will come into ..

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4-tier structure for Tighter Regulation of NBFCs

The Reserve Bank of India (RBI) has recently proposed for a four-tier structure for tighter regulatory framework of the Non-Banking Financial Companies (NBFCs). About Regulatory and Supervisory Framework The responsibility of regulation and supervision has been entrusted with the Department of Non-Banking Supervision (DNBS) of RBI under the regulatory – provisions of the Reserve Bank of India Act, 1934. ..

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