The new features of the Act are: Appointment of Government approved Test Centers for verification of weights and measures. Allowing the companies to nominate a person who will be held responsible for breach of provisions of the Act. Simplified definition of Packaged Commodity and more stringent punishment for violation of provisions. All restrictions on Inter-State trade and …
A sub-rule (6) has been added to Rule 6 which reads as follows: “Any packaging material or wrapper which could not be exhausted by the manufacturer or packer, may be used for packing of the material up to 30th September, 2011 or till such date the packaging material or wrapper is exhausted, whichever is earlier, after making …
Amendment to the LM (Packaged Commodities) Rules, 2011 Read More »
The Legal Metrology (Packaged Commodities) Rules, 2011, framed under section 52(3) of the Act will come into force from 1st April, 2011.This is mostly an edited version of the previous Packaged Commodities Rules of 1977, corrected up to 1.1.2007, by updating of provisions, rearrangement of clauses and inclusion of provisions made through different amendment notifications. But, there are …
The Legal Metrology (Packaged Commodities) Rules, 2011 Read More »
MCA had issued a General circular in May, 2011 clarifying participation of Director’s and Shareholder’s in the Board Meetings and Shareholders Meetings, respectively. The MCA has now issued clarifications vide its Circular No. 35/2011 dated 6th June, 2011for better understanding of the earlier circular. MCA has clarified that video conferencing facility shall be mandatory in case of Listed Companies …
The Legal Metrology (General) Rules has been notified. It repeals the SoWM (General) rules of 1987 and will come into force with effect from the 1st April, 2011 Important additions / Deletions Periodical interval for re-verification of weights and measures is included under Rule 27. Earlier, this item was included in the State Enforcement Rules. It will …
MCA issued a Notification no. GSF 453 dated 14th June, 2011 amending the Companies Regulations, 1956 by reclassifying the jurisdictional region of RD’s from four to six by inserting two new regions i.e. Eastern & North Eastern Region and South East Region Directorate Headquarter at Hyderabad. These new Regulations will be known as Companies (Amendment) Regulations, 2011.
MCA vide its notification dated 10th June, 2011, has amended the provisions of Section 4A of the Companies Act, 1956 and inserted four more companies in the list of the Public Financial Institutions (PFIs) which will be known as PFIs.
The Government of India has circulated the model draft Legal Metrology (Enforcement) Rules, 2011 for States/UTs. Meanwhile, most of the State Governments have published draft notification in the State Gazette, inviting objection, if any, to be submitted within 30 days of the publication. Salient Features License for manufacturing, dealership or repairing will remain valid for one to …
Model Legal Metrology (Enforcement) Rules, 2011 for States Read More »
MCA vide notification no. GSR 430 (E) dated 3rd June, 2011, revised Cost Audit Report rules and issued new Companies (Cost Audit Report) Rule, 2011. The said rules shall be applicable to every Company in respect of which an audit of the cost records has been ordered by the Central Government under sub-section (1) of Section 233B of the Companies Act, 1956.
MCA vide notification no. GSR 429 (E) dated 3rd June, 2011,has revised and issued new Companies (Cost Accounting Records) Rules, 2011. The Company’s to which these rules apply has to obtain a Compliance Report, in each of its financial year commencing on or after 1st April, 2011 duly certified by a Cost Accountant and submit the same to the Central Government …
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