MCA:
MCA has notified the much awaited Amendment to the Companies (Meeting of Board & its Powers) Rules, 2014 by relaxing the requirement of passing resolution at the Board Meeting and filing of Form MGT – 14 thereafter. Accordingly items mentioned in Rule 8 relating to taking note of appointment(s) or removal(s) of one level below the Key Management Personnel, taking note of the disclosure of director’s interest and shareholding, buying, selling investments held by the company (other than trade investments), constituting five percent or more of the paid up share capital and free reserves of the investee company, inviting or accepting or renewing public deposits and related matters, reviewing or change the terms and conditions of public deposit, and for approving quarterly, half yearly and annual financial statements or financial results as the case may be are now omitted.
CBEC:
CBEC in supersession of the Customs Tariff [Determination of Origin of Products under the Duty Free Tariff Preference Scheme for Least Developed Countries] Rules, 2008, has notified the new rules, which may be called the Customs Tariff (Determination of Origin of Products under the Duty Free Tariff Preference Scheme for Least Developed Countries) Rules, 2015 and shall come into force on the date of their publication in the Official Gazette. For the purposes of these rules, products which conform to the conditions shall be eligible for preferential tariff treatment.
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