Reserve Bank has decided to consider the major category of NBFCs like asset finance companies (AFC), loan companies, and investment companies as a single segment. The guidelines for harmonisation of non-banking financial companies (NBFCs) would be issued by the end of this month.
E-commerce companies such as Walmart-owned Flipkart and US-based Amazon have sought an extension of the February 1 deadline for complying with the Press Note 2, which the government issued in December.
Tightening e-commerce norms for online retail firms, such as Flipkart and Amazon, the government on Wednesday took a host of steps and barred them from selling products of the companies in which they have stakes. The commerce and industry ministry also prohibited e-commerce companies from entering into exclusive deals for products.
The Ministry of Civil Aviation has kick-started the online registration of drones in India through its Digital Sky portal. Read about Unique Identification Number Unmanned Aircraft Operator’s Permit for drones.
Nearly one in every three registered company in India is defunct, the government has found out, as it struck off 5.95 lakh companies from the official records as part of the plan to crack down on shell or paper companies.
After FSSAI order to delist non-licenced restaurant partners, all foodtech players including Zomato, Swiggy, Foodpanda, and UberEats had initiated the process to remove non-compliant restaurant partners from their platform.
E-commerce operators will have to register themselves in every state where their suppliers are located for collection of TCS and foreign companies can appoint an 'agent' on their behalf for securing such registration.
In a relief for thousands of directors of companies who are yet to do e-KYC, the Corporate Affairs Ministry has allowed them another 15 days time to complete the process. Such directors can do so after paying a reduced fee of Rs 500.