⚫Coal India ltd has allowed its buyers from e-auction route to export the coal. CIL has tweaked its e-auction coal sale policy and has lifted the embargo on exporting coal procured through spot e-auction outlets.
⚫The Karnataka High Court dismissed the petitions of e-commerce giants Amazon and Flipkart against a probe by the Competition Commission of India for alleged violation of competition laws. The verdict will have repercussions for the entire e-commerce industry, with large players likely to face a closer scrutiny from the Govt.
⚫India's foreign exchange reserves stood at $605 billion, almost tying with Russia as the 4th largest reserve holder in the world.
⚫India adds 91702 new cases. India has so far administered 24.60 crore vaccine doses which is 17.16% of its population.
⚫The ED, in line with its current focus on crypto exchanges and money laundering, issued show-cause notice to WazirX and its directors for allegedly violating foreign exchange laws involving crypto transactions of Rs 2,790 crore.
.
========>
.
SC allowed service of notices/summons/ document via WhatsApp, Telegram in addition to e-mail
SC allowed service of notices/summons/ document via WhatsApp, Telegram in addition to e-mail.
👉The Hon’ble Supreme Court in Re: Cognizance for Extension of Limitation [Suo Moto W.P. (C) No. 3/2020 dated on July 10, 2020] w.r.t. I.A. No. 48461/2020 observed that service of notices, summons and exchange of pleadings/documents, is a requirement of virtually every legal proceeding and that the service of notices, summons and pleadings etc. have not been possible during the period of lockdown because this involves visits to post offices, courier companies or physical delivery of notices, summons and pleadings. The Court therefore, considered it appropriate to direct that such services may be effected by e-mail, FAX, commonly used instant messaging services, such as WhatsApp, Telegram, and Signal etc. However, if such services are made by means of said instant messaging services, then in addition thereto, the service of the same document/documents must be made via e-mail on the same date.
.
========>
.
Sheetal Amritlal Patil & Co Vs State of West Bengal & Ors
Calcutta High Court
Date-11th June, 2021
Sub- Whether all directors/partners of a Company/ Partnership are liable in case of dishonour of a cheque issued by a Company/partnership or only directors/partners who were incharge of affairs of the Company/Partnership are liable.
The Hon’ble Calcutta High Court in this case was dealing with a case where the appellant filed an application praying cancellation of proceeding in a complaint case u/s 138 of the Negotiable Instruments Act, 1881 on the pretext that the applicants were neither signatory to the agreement or the cheque and there was no averment in the petition that the applicants were incharge of the affairs of the partnership.
The Calcutta high court after noting catena of judicial decisions in this regard following the decision of the Apex Court in the case of S.M.S. Pharmaceuticals Limited vs. Neeta Bhalla & Anr., (2005) 8 SCC 89 held that It is trite law that merely being a partner in a firm would not make the petitioners accused in a case for dishonour of cheque issued by the said firm and It is necessary to specifically aver in a complaint under Section 141 that at the time the offence was committed, the person accused was in charge of, and responsible for the conduct of business of the company. This averment is an essential requirement of Section 141 and has to be made in a complaint. Without this averment being made in a complaint, the requirements of Section 141 cannot be said to be satisfied. Finally the court allowed the petition in view of Section 202 of the Code of Civil Procedure, 1908 as per which if the complainant stays out side the jurisdiction of the court then enquiry has to be made as per this Section and as this was not the matter was set aside to the trial court for making enquiry and passing fresh order expeditiously.
This judgement thus reiterates the law regarding the liability of persons who are not in charge of affairs in relation to the cheque bouncing.
.
========>
.
⚫The Govt has asked all ministries & dept's to target 20% reduction in expenditures like domestic and foreign travel, overtime allowance, rent and office expenses, in the current fiscal year as it tightens its purse strings amid the second wave of the pandemic.
⚫Shares of significant beneficial owners once transferred to the Investor Education and Protection Fund are not allowed to be claimed back. An SBO is a person holding a beneficial interest of at least 10% whether acting alone, together or through one or more individuals or trust, in a company.
⚫FM announced series of GST relief measures for Covid-19 relief essentials. However, the Council agreed to stick to 5% GST on vaccines.
⚫The BSE & NSE informed that DHFL will be suspended from trading with effect from June 14.
.
========>
.
👉🏻RBI may give Banks / NBFC more time to Appoint Auditors
(The Reserve Bank of India may give more time to regulated entities, including banks, to implement the new guidelines on the appointment of statutory auditors)
👇🏻 👇🏻 👇🏻
https://bit.ly/3pLobnw
.
========>
.
🚨FSSAI Update
Food Safety and Standards Authority of India (FSSAI) in a recent directive has mandated all the food businesses to mention the FSSAI License/Registration number on receipts/ invoices/ cash memo/ bills etc. from October 1, 2021 onwards.
FSSAI stated that any credible regulatory structure depends upon a robust customer grievance system wherein service/product recipients can complaint for redressal. FSSAI number can now be used by the consumers to lodge an online complaint against a particular food business in case of any grievance.
FSSAI number will also enable the consumers to have access to information about a particular food business which is publicly available at FSSAI’s portals. The notice states that, “Consumers can visit the FSSAI’s portal and ‘Food Safety Connect’ app for accessing information about FSSAI license or registrations by inputting the 14 digit FSSAI License/Registration number.”
#fssai #foodlicense #compliance #foodsafety #restaurents
.
==============>
.
📲 Download my official Android app "Updates by CARJ" 📚 to stay connected with latest news and updates 📝
Thanks for reading
