Corporate Updates – 03-04-2015


MCA has delegated the powers prescribed under Section 94 (5) to Regional Directors at Mumbai, Kolkata, Chennai, Noida, Ahmedabad, Hyderabad and Shillong for carrying out Inspection of Registers, Returns etc as maintained by the Company under the provision of the Section 94 of the Companies Act, 2013. The Central Government may however revoke such delegation of powers or may itself exercise the powers under the said sub-section, if in its opinion such a course of action is necessary in the public interest.


RBI with a view to further liberalising the procedure and as the working group structure has been dismantled, it has been decided to withdraw the limit of USD 20 million for Buyer’s credit which may be extended to foreign buyers in connection with export of goods on deferred payment terms and turn key projects from India. Memorandum of Instructions on Project and Service Exports (PEM) has been revised accordingly.

News from NIRC of ICSI

FEW SEATS left for “Class Room Study Sessions on Secretarial Audit” starting from 06-04-2015 to 30-04-2015 covering the whole concept of Secretarial Audit and laws specifically applicable to Industries. Fees : Rs. 2,500/- inclusive of taxes (Publication worth Rs. 700/- will be provided free of cost to all Participants), PCH – 17, Class Timings : 6 pm to 8 pm on weekdays, Maximum Seats : 75 at NIRC Auditorium. Payment can be made by Cash, Cheque or DD in favour of "NIRC of ICSI".

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