Corporate Law notification

Mumbai CP mandates Sticker on Vehicles to restrict Movement

CP/X1(6)/144/(Prohibitory Order)/2021 17/04/2021

Mumbai Police Commissioner prohibits movement of any person in public using any vehicle, unless a sticker (Red, Green, Yellow colour) of circular shape of 6 inches diameter of the following description is affixed visibly on the front screen and rear screen of the vehicle, and in the case of two-wheelers on a visible portion on […]...

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IRDAI fines Bajaj Allianz General Insurance Company Ltd.

Ref: IRDAI/NL/ORD/MISC/092/04/2021 17/04/2021

The inspection, inter-alia, revealed that the insurer had been transacting motor insurance business through certain Automobile Dealers without appointing them as Motor Insurance Service Providers (MISP) to distribute and/ or service motor insurance policies. Based on the motor insurance premium register for the period 1st November, 2017 t...

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IBBI found IP not guilty of misconduct despite Delay in preparation of Information Memorandum

Notification No. IBBI/DC/70/2021 16/04/2021

The DC notes the submission of Mr. Nagarajan that the CIRP of Cethar Ltd. was very complex and the promoters of the CD took advantage of the gaps from date of order of the CIRP to the date of appointment of IRP and moved the documents and records of the CD out of his reach […]...

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Anti-Dumping investigation on imports of ‘Copper & Copper Alloy Flat Rolled Products’

Case No. AD-OI-06/2020 16/04/2021

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF TRADE REMEDIES) NOTIFICATION FINAL FINDINGS New Delhi, the 16th April, 2021 Case No. AD-OI-06/2020 Subject : Anti-Dumping investigation concerning imports of “Copper & Copper Alloy Flat Rolled Products”originating in and exported from China PR, Kore...

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Production Linked Incentive Scheme (PLI) For White Goods (Air Conditioners and Led Lights) Manufacturers In India

Notification No. F. No. P-29014/101/2020 16/04/2021

The Government has approved the Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights) to be implemented over FY 2021-22 to FY 2028-29 with a budgetary outlay of Rs. 6,238 crore....

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Pharma companies reduces prices of major brands of Remdesivir

File No. 37008/2021/Div.VI/NPPA 17/04/2021

On the intervention of the Government, the major manufacturers/marketers of ‘Remdesivir injection’ have reported voluntary reduction in Maximum Retail Price (MRP). The revised prices of major brands of ‘Remdesivir injection 100mg/Vial’ are as follows:...

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Delhi HC Permits Service of Notice & Summons via Whatsapp/Email/Fax Amid Covid 19

Notification No: 7757-X/PSA/R&D/DHC 16/04/2021

Till further orders, all documents/ not summons/Daks through physical mode be dispensed with, except where there, is a specific order to that effect by the Hon'ble Court, and that such service be instead permitted to be effected through e-mail/fax/whatsapp....

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IRDAI fines ‘Liberty General Insurance Limited’ for violating MISP Guidelines

Ref: IRDA/NL/ORD/MISC/91/04/2021 16/04/2021

Insurance Regulatory And Development Authority of India  Ref: IRDA/NL/ORD/MISC/91/04/2021 Order in the matter of M/s Liberty General Insurance Limited. Based on the (i) Show Cause Notice (SCN) reference no. IRDAI/NL/Liberty/ SCN/207/2020-21 dated 29th September, 2020 in connection with onsite inspection by Insurance Regulatory and Develo...

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Consideration of matters by committee of creditors on committee members request

Notification No.: IBBI/CIRP/2021  16/04/2021

Regulation 18 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations) provides that a resolution professional (RP) may convene a meeting of the committee of creditors (CoC), when he considers it necessary. He shall, however, convene a meeting of the CoC, if a request to that effect is made by...

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Delhi imposes weekend curfew & tougher weekday restrictions

F/1.(589)/DDMA(HQ)/Misc. Matters/COVID/21/373 15/04/2021

i. All Shopping Malls, Gymnasiums, Spas, Auditoriums, Assembly Halls, Entertainment Parks and similar places will be closed in Delhi. ii. Cinemas/Theatres/Multiplexes will be permitted to open with 30% of their seating capacity....

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April 2021