MCA has constituted a 10-Member Committee to review the offences under the Companies Act, 2013
The Ministry of Corporate Affairs (MCA) has constituted a 10 Member Committee, headed by the Secretary of Ministry of Corporate Affairs, for review of the penal provisions in the Companies Act, 2013 may be setup to examine ‘de-criminalisation’ of certain offences.
The MCA seeks to review offences under the Companies Act, 2013 as some of the offences may be required to be decriminalised and handled in an in-house mechanism, where a penalty could be levied in instances of default. This would also allow the trial courts to pay more attention on offences of serious nature. Consequently, it has been decided that the existing compoundable offences in the Companies Act – 2013 viz. offences punishable with fine only or punishable with fine or imprisonment or both may be examined and a decision may be taken as to whether any of such offences may be considered as ‘civil wrongs’ or ‘defaults’ where a penalty by an adjudicating officer may be imposed in the first place and only consequent to further non-compliance of the order of such authority will it be categorised as an offence triable by a special court
India becomes the Vice Chair of the Asia Pacific Region of World Customs Organisation (WCO) for a period of two years, from July, 2018 to June, 2020
India becomes the Vice Chair of the Asia Pacific Region of World Customs Organisation (WCO) for a period of two years, from July, 2018 to June, 2020
Gujarat approved Rs 39 crore ‘Seema Darshan’ Project for infra development
Chief Minister Vijay Rupani gave in-principal approval for the project “Seema Darshan”, which is also referred as border tourism project at Nadabet near Suigam in Banaskantha district. The approval was given at a review meeting held in Gandhinagar, which entails development of an exhibition hall and a parade ground with an amphitheatre for 5,000 people, under phase-2 of the project. An investment of Rs 22 crore was made into the phase-1 of the project that was launched on December 24, 2016. The project will encourage local economic activity in the Rann of Kutchh region and in adjoining flamingo and wild ass sanctuaries.
UN Security Council adopted a resolution 2427 to protect children in armed conflict
By the terms of resolution 2427 (2018), the 15‑member UN Security Council committed to taking concrete action in response to serious abuses and violations of human rights – including those of children – which could constitute early indications of descent into conflict. The Council strongly condemned attacks against schools and hospitals, which impede children’s access to education and health care, as well as violations involving the recruitment and use of children, rape, sexual violence and abductions, among other crimes. About UN Security Council (UNSC):- ♦ UNSC is most powerful and one of the six principal organs UN. ♦ It has 15 members, including five permanent members which are China, France, Russia, UK and US. ♦ It’s primary responsibility is to maintain international peace and security.
HDFC securities enable MF transactions through Facebook messenger
A subsidiary of HDFC Bank, HDFC securities launched Mutual Funds (MF) transactional capabilities on Facebook Messenger through their virtual assistant, Arya. hdfcsec.Arya also facilitates a quick overview of total portfolio holding, getting the latest stock quotes and opening an account.
PM Modi became third most followed world leader on Twitter
BCW’s (Burson Cohn & Wolfe) Twiplomacy study 2018 identified PM Narendra Modi as the third most followed world leader on Twitter with 42 million followers on his personal account @NarendraModi, while Sushma Swaraj is the most followed female world leader, with 11 m followers. US President Donald Trump is the most followed world leader on Twitter, with 52 million followers on his @realDonaldTrump account. Facebook is the second most popular platform among government leaders followed by Instagram.
Dipa Karmakar likely to be named Tripura’s brand ambassador
Ace Indian gymnast Dipa Karmakar, who recently bagged the gold medal in the women’s vault event at the Artistic Gymnastics World Challenge Cup in Mersin in Turkey, is likely to become brand ambassador of Tripura. The 24-year-old Dipa was born in Tripura Capital, Agartala and had finished fourth in Rio Olympics in 2016. She is the first Indian female gymnast ever to compete in the Olympics. For her commendable performance in Rio Olympics 2016, the Government of India conferred upon her the Khel Ratna award in August 2016.
Delhi’s Connaught Place ranked world’s 9th most costliest office location
According to American property consultant CBRE, New Delhi’s Connaught Place is the 9th most expensive location globally to set up or rent an office, with an annual rent of ₹10,512 per square feet. Hong Kong (Central) is at the first position with an annual rent of $306.57 per square feet, followed by London (West End), Beijing (Finance Street) in China, Hong Kong (Kowloon) and Beijing (CBD) in China. Mumbai’s Bandra Kurla Complex (BKC) slipped to 26th position with an annual prime rent of USD 96.51 per sq ft from 16th rank.
IDBI Bank officers threaten 6-day strike from 16th July
A section of IDBI Bank officers has threatened to go on a six-day strike from Monday (July 16) in protest against the proposed acquisition of the state-owned lender by insurance behemoth LIC and wage-related issues, among others. Wage revision for IDBI Bank employees is pending since November 2012. Also, the All India IDBI Officers’ Association had opposed the up to 51 percent sale of the bank’s equity to LIC, saying the move tantamounts to the privatization of the bank.
Ajay Jayaram finishes runner-up at White Nights International Challenge
Indian shuttler Ajay Jayaram finished runners-up at the White Nights International Challenge. Jayaram, who had achieved a career-best ranking of world no 13 in April last year, aggravated a hamstring injury at the Senior Nationals. An old knee injury also flared up and he was out of action for over six months. It affected his ranking as it nosedived 96.
TCA Raghavan is appointed Director-General of ICWA
Dr. T.C.A. Raghavan is appointed as the Director General (DG), ex officio member-Secretary of the Indian Council of World Affairs (ICWA) by Vice President of India and President of ICWA, M. Venkaiah Naidu. The post of DG is equivalent to the rank of Secretary to Government of India. The decision was taken in the meetings of the Governing Body and Governing Council of the ICWA. Dr. T.C.A. Raghavan has served as India’s High Commissioner to Islamabad and Singapore and has served in India’s missions at London, Thimphu, and Kuwait.
Dainik Bhaskar Group Editor Kalpesh Yagnik passed away
Kalpesh Yagnik, the Group Editor of media house Dainik Bhaskar passed away at the age of 55 on 12th July 2018 in Indore. Yagnik suffered a heart attack while he was working in his office. Yagnik had joined the Dainik Bhaskar group in 1998, after working at the Free Press Journal. Yagnik was born on June 21, 1963. He joined Dainik Bhaskar in 1998 before which he also worked at Free Press Journal. He was a B. Com graduate.
Entire Men’s Hockey Team Included In TOP Scheme
In a departure from the norm, the Mission Olympic Cell included the entire Indian hockey team in the Target Olympic Podium (TOP) scheme, rewarding the players for their silver medal-winning performance at the Champions Trophy. Athletes from different sports have been included in TOP Scheme individually but it is the first instance that an entire team has been made beneficiary of the financial assistance scheme. Each of the 18 members of the hockey team will now get a monthly allowance of Rs 50,000.
