Corporate Updates – 14-10-2016


NCLT has constituted an Internal Complaints Committee in terms of Section 4 of the Sexual Harassment of Women (Prevention, Prohibition and Redressal) Act, 2013 for all benches of National Company Law Tribunal for a period of three years. The Committee shall constitute of 4 Members with Ms. Ina Malhotra, Member (Judicial) acting as the presiding officer of the Committee.


RBI has notified the Operating Guidelines for Payments Banks. In effect, payments banks and small finance banks have been allowed to use digital banking to open bank accounts. RBI has also permitted mobile phone users to open bank accounts with the payments banks promoted by telecom companies seamlessly, provided all the KYC (know your customer) formalities are already met. Further, payments banks can open accounts without a wet signature, relying completely on the digital signatures and electronic verification, which makes on-boarding of customers easy for geographically distant places where opening a physical branch might not be viable. However, Payments banks will be allowed to participate in call money and CBLO market as both borrowers and lenders.

News from NIRC of ICSI

Registration open for NIRC’s Workshop on "Annual Filing- Concepts & Techniques" (XBRL, AOC – 4, MGT – 7 & MGT -8), on Saturday, the 15th October, 2016 (Registration starts at 9.00 AM) from 10.00 am onwards at Auditorium, ICSI-NIRC Building, 4, Prasad Nagar Institutional Area, New Delhi. Fee : Rs. 400/- upto 14-10-2016 for all participants including Corporate Members of NIRC; Online Payment / Registration Facility Available; Free For Members of Yuva Corporate Membership Scheme of NIRC; Program Credit Hours: 04.

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