MCA
Ministry
of Corporate Affairs has notified new version of
e-Forms of Forms PAS-3
(Return of allotment), CHG-1 (Application for registration of creation,
modification of charge), DIR-12 (Particulars of appointment of Directors and
the key managerial personnel and the changes among them), SH-11(Return in
respect of buy-back of securities), FTE (Application for striking off the name
of company under the Fast Track Exit (FTE) Mode). Stakeholders are advised to download
the latest version before filing. Form- wise date of last version change is available
at on the website of MCA.
RBI
RBI vide notification has
repealed Foreign Exchange Management (Deposit) Regulations, 2000 and it has been
superseded by the Foreign Exchange Management (Deposit) Regulations, 2016. These
regulations seek to regulate deposits between a person resident in India and a
person resident outside India. Under the revised regulations, no restriction
shall be applicable for opening of rupee/ foreign currency deposit accounts by
foreign diplomatic missions and diplomatic personnel or their family members in
India with an Authorised Dealer in India. RBI also allowed banks to issue
International Credit Cards (ICCs) to NRIs and PIOs. Certain restrictions under
the revised regulations have been placed on individuals or entities of Pakistan
or Bangladesh nationality/ownership. These regulations shall come into effect
from April 1, 2016.
Thanks & Regards,
Meetesh Shiroya
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