WEEKLY CORPORATE AFFAIRS FROM 23.12.2024 TO 31.12.2024
Newsletter Contents:
SEBI Updates
MCA Updates
RBI Updates
IBC Updates
Labour Law Updates
Press Information
IPO & Investment updates
IRDAI Updates
Department of Telecommunications
MSME Updates
Competition Commission of India
Current Affairs – FAQ’s
- SEBI Updates:
| [Sl. | Particulars | Link |
| 1 | Gazette Notification for withdrawal of recognition granted to the Indian Commodity Exchange Limited (ICEX) | Click Here |
| 2 | Prior approval for change in control: Transfer of shareholdings among immediate relatives and transmission of shareholdings and their effect on change in control | Click Here |
| 3 | Samco Large Cap Fund | Click Here |
| 4 | Adjudication order in the matter of Sai Proficient Research Investment Advisory Prop Ms Meeshika Vishwakarma | Click Here |
| 5 | Notice of Demand dated 24.12.2024 in Recovery Certificate No. 8463 of 2024 issued against Vikrambhai Jamnadas Shah alias Vikrambhai Babubhai Shah (PAN:AEDPS5031A) in the matter of Safal Herbs Limited (formerly known as Parikh Herbals Limited) | Click Here |
2. MCA – 21 Updates
| Sl. | Particulars | Link |
| 1 | Corporate exits now happening in 70-90 days under C-PACE, says govt in LS | Click Here |
3. RBI / Banks Updates
| Sl. | Particulars | Link |
| 1 | Reporting Platform for transactions undertaken to hedge price risk of gold | Click Here |
| 2 | Unified Payments Interface (UPI) access for Prepaid Payment Instruments (PPIs) through third-party applications | Click here |
| 3 | RBI Bulletin – December 2024 | Click here |
| 4 | Framework for Responsible and Ethical Enablement (FREE) of Artificial Intelligence(AI) in the Financial Sector – Setting up of a committee | Click here |
| 5 | Reserve Bank of India – Bulletin Weekly Statistical Supplement – Extract | Click here |
4. IBC / Insolvency Law updates
| Sl. | Particulars | Link |
| 1 | Approval of Resolution Plan – Perfect Engineering Products Limited [IA-82-2024 in C.P.(IB)-1164(MB)2020] | Click here |
| 2 | Approval of Resolution Plan – Geeta Refinery Pvt. Ltd. [IA (I.B.C) (Plan) No. 39-MB-2024 in CP (IB) No. 02-MB-2022] | Click here |
| 3 | Approval of Resolution Plan – Paras Commercial Centre Private Limited [IA. No. 15-2024 in CP(IB)No. 619-MB-C-II-2022] | Click here |
| 4 | Approval of Resolution Plan – Tayo Rolls Limited [I.A. (IB) No. 33,69,167, 357-KB-2020 and Inv. P. (IB) No. 02-KB-2021 and I.A. (IB) No. 1651-KB-2019 and I.A. (I.B.C)-1845(KB)2024 in CP (IB) No. 701-KB-2017] | Click here |
| 5 | Approval of Resolution Plan – Ayursundra Hospitals (Guwahati) Private Limited [IA (IBC)(Plan)-3,181 & 186-GB-2024 in CP (IB)-24-GB-2023] | Click here |
| 6 | Approval of Resolution Plan – Samson And Sons Builders and Developers Private Limited [IA(IBC)-Plan-04-KOB-2024 in CP(IB)-05-KOB-2021] | Click here |
| 7 | Approval of Resolution Plan – Amritapur Tea Co. Limited [IA (IB) (PLAN) No. 12-(KB)-2024 in C.P. (IB)No. 329-KB-2022] | Click here |
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5. Labour law updates
| Sl. | Particulars | Link |
| 1 | PF rules change in 2025: Key EPFO rule changes to expect in 2025 | Click here |
| 2 | EPFO news: How did EPFO invest provident fund money in the last 5 years? Govt shares breakup | Click here |
| 3 | Salary Limit : Big news for crores of employees! The Modi government is going to double the salary limit to increase EPF? | Click here |
| 4 | EPFO extends UAN activation deadline for ELI scheme to Jan 15: Here’s how to do it | Click here |
6. Key Press information
| Sl. | Particulars | Link |
| 1 | Startup Nation: India | Click here |
| 2 | The Central Consumer Protection Authority (CCPA) has imposed a penalty of ₹7 lakh each on Vajirao & Reddy Institute and StudyIQ IAS, and ₹1 lakh on Edge IAS for advertising misleading claims regarding the results of the UPSC CSE 2022 and 2023, respectively. | Click here |
| 3 | MoU Signed Between National e-Governance Division and Indian Ports Association aims to drive digital transformation in India’s maritime sector | Click here |
| 4 | DPIIT signs MoU with private company ‘boat’ to help startups | Click here |
| 5 | Auto Appeal System of Right to Services Commission Haryana sets a new paradigm in service delivery for Citizens: Secretary DARPG | Click here |
7. IPO & investment Section
| Issuer Company | Open Date | Close Date | Listing Date | Issue Price (Rs) | Issue Size (Rs Cr.) | Lot Size | Exchange |
| Indo Farm Equipment Limited IPO | Dec 31, 2024 | Jan 02, 2025 | Jan 07, 2025 | 204.00 to 215.00 | 260.15 | 69 | BSE, NSE |
| Technichem Organics Limited IPO | Dec 31, 2024 | Jan 02, 2025 | Jan 07, 2025 | 52.00 to 55.00 | 25.25 | 2,000 | BSE SME |
| Citichem India Limited IPO | Dec 27, 2024 | Dec 31, 2024 | Jan 03, 2025 | 70 | 12.60 | 2,000 | BSE SME |
| Anya Polytech & Fertilizers Limited IPO | Dec 26, 2024 | Dec 30, 2024 | Jan 02, 2025 | 14 | 44.80 | 10,000 | NSE SME |
| Unimech Aerospace and Manufacturing Limited IPO | Dec 23, 2024 | Dec 26, 2024 | Dec 31, 2024 | 785 | 500.00 | 19 | BSE, NSE |
(Source: Chittorgarh.com)
8. irdai – insurance updates
| Sl. | Particulars | Link |
| 1 | 11% of all health insurance claims rejected, premiums to remain high: IRDAI report | Click here |
| 2 | How well does health insurer settle claims? Latest Irdai incurred claim ratio of general, health insurance | Click here |
| 3 | Insurance penetration in India dips to 2.8% despite premium growth: Irdai | Click here |
| 4 | Business correspondents meet Irdai, seek consent to sell insurance products | Click here |
9. Department of Telecommunications (dot)
| Sl. | Particulars | Link |
| 1 | TRAI launches new website, the website is available at (https://trai.gov.in/) | Click here |
| 2 | TRAI issues “Telecom Consumers Protection (Twelfth Amendment) Regulations, 2024” (08 of 2024) and “Telecommunication Tariff (Seventieth Amendment) Order, 2024” (02 of 2024) | Click here |
| 3 | Department of Telecom (DoT) acts pro-actively to protect Citizens from cyber frauds through spoofed calls | Click here |
| 4 | DoT makes significant strides in strengthening the Indian telecom ecosystem | Click here |
10. msme / SME updates
| Sl. | Particulars | Link |
| 1 | MSME sector exports witnessing robust growth in recent years | Click here |
| 2 | Subvention Scheme For MSME Sector On Budget Wish-list Agenda | Click here |
| 3 | PHDCCI seeks PLI scheme expansion; MSME support, tax reforms in Union Budget | Click here |
11. Competition Commission of India (CCI)
| Sl. | Particulars | Link |
| 1 | CCI to intervene selectively, considering sector-specific dynamics | Click Here |
| 2 | CCI not to intervene in quick commerce market | Mint | Click Here |
| 3 | India Cements becomes subsidiary of UltraTech | Click Here |
| 4 | CCI focuses on antitrust cases in digital markets amid new challenges | Click Here |
12. Cabinet Decisions / New Acts
| Sl. | Particulars | Link |
| 1 | Modi Govt’s governance reforms included scrapping of nearly 2,000 obsolete rules, says Dr Jitendra Singh on the eve of Good Governance Day : | Click Here |
| 2 | Centre Releases XV Finance Commission Grants: ₹614 Cr for Rajasthan, ₹455 Cr for Odisha | Click Here |
| 3 | Union Government is keen to promote traditional varieties through various schemes related to agriculture and horticulture: Secretary Dr. Devesh Chaturvedi | Click Here |
13. Current Affairs Quiz (taken from various sources)
| Sl. | Questions | Answers |
| 1 | Kanha, Pench and Bandhavgarh Tiger Reserves are located in which state? | Madhya Pradesh |
| 2 | Kaveri Engine was developed by which organization? | DRDO |
| 3 | Which day is observed as Veer Bal Diwas every year in India? | December 26 |
| 4 | Maia Sandu was recently sworn in as the president of which country? | Moldova |
| 5 | Omkareshwar Floating Solar Project is inaugurated in which state recently? | Madhya Pradesh |
| 6 | Kilauea Volcano is located in which country? | Hawaii (USA) |
| 7 | Lion-tailed Macaque is mainly found in which region of India? | Western Ghats |
| 8 | Sagar Island, which was seen in the news, is located in which state/UT? | West Bengal |
| 9 | Which country is the host of ISSF Junior World Cup 2025? | India |
| 10 | Rann Utsav is celebrated in which state? | Gujarat |
Source: gktoday.in
The End
Disclaimer: This write – up is prepared as a Knowledge Sharing Initiative. *Every effort has been made to avoid errors or omissions in this material. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. In no event the author shall be liable for any direct, indirect, special or incidental damage resulting from or arising out of or in connection with the use of this information.
| Prepared & Compiled by: Lalit RajputCompany SecretaryCell: +91 8802581290Email: cslalitrajput@gmail.com LinkedIn: https://www.linkedin.com/in/cslalitrajput/ |
| Volume 167* |
The author can be approached at cslalitrajput@gmail.com // +918802581290 (W)