Meetings through video conferencing require strict procedural safeguards and cannot be used to approve annual financial statements.
Rules require robust procedures for Board meetings by video conferencing-including at least one in-person attendance per director yearly, prior notice and confirmation, roll call identification, secure audio-visual facilities, recording and preservation of proceedings, and deeming the scheduled venue as the meeting place. Certain matters, notably approval of annual financial statements and the Board's report, cannot be transacted via audio-visual meetings. The Board must form specified committees, establish a vigil mechanism with protections, exercise listed powers only at meetings, maintain prescribed registers for loans, guarantees and investments, ensure director disclosures, and obtain member approval for payments to directors on loss of office under set conditions.

Class action standing and public notice requirements ensure member/depositor thresholds, publication and procedural service obligations before hearings.
Eligibility for a class action is defined by member or depositor thresholds and by shareholding interests, with shareholder applicants required to have paid all calls; admission triggers a mandatory public notice by newspaper and website publication stating lead applicant, grounds, relief sought, confirmation of requisite numbers and hearing details, with publication costs borne by the applicant and defrayed by the company or person responsible for the oppressive act. Procedural rules require service on the company, regulators and specified persons, Tribunal leave for withdrawal, application of capital alteration provisions, and notice to the Government with consideration of its representations.

Revival of sick companies: draft rules prescribe creditor applications, interim and company administrators, creditor votes and scheme sanction.
Draft rules set procedures for revival and rehabilitation of sick companies: secured creditors must file prescribed applications with supporting demand notices, financials and authorisations; the Tribunal may declare a company sick after hearing, grant interim stays, appoint an interim administrator with powers to protect assets, convene creditors and report on revival prospects, and require publication and Registrar filings. Where creditors approve revival by requisite value-majorities, a company administrator is appointed to prepare, publish and file a scheme for Tribunal sanction with prescribed documents; the Tribunal may modify schemes and oversee implementation, including use of a Rehabilitation and Insolvency Fund.

Removal of company name: Registrar may initiate strike-off or company may apply subject to conditions and notices.
Removal of a company's name may be initiated by the Registrar via Form No. 18.1 with a thirty day period for representations, but certain companies (including listed, delisted, vanishing companies, those under inspection/investigation or with pending prosecutions, outstanding public deposits or secured loans) are excluded. A company may apply in Form No. 18.2 with prescribed fee, an indemnity bond (Form No. 18.3), a recent statement of accounts, director affidavits (Form No. 18.5) confirming extinguished liabilities and compliance, sectoral no objection certificates, and shareholder approval. The Registrar must publish public notices in newspapers and on official websites, notify regulators and tax authorities, and maintain a public list; the Registrar's strike off decision is final.

Indian Depository Receipts eligibility rules restrict foreign issuers and impose detailed procedural, disclosure and compliance requirements for issuance.
Foreign companies must file prescribed registration forms, maintain and file Indian operations financial statements in accordance with Schedule III, annexing related party, repatriation and fund transfer statements, have accounts audited by an Indian Chartered Accountant, and comply with certification and translation authentication requirements. Issuance of Indian Depository Receipts requires SEBI approval, merchant banker due diligence, appointment of an overseas custodian, a domestic depository and merchant banker, delivery of underlying shares to the custodian, in principle listing permission, extensive prospectus disclosures and ongoing SEBI and FEMA compliance.

Electronic filing and digital authentication required for company filings; Registrar reviews, notifies defects and may mark filings invalid pending re filing.
Core documentary filings and communications must be submitted in computer readable electronic form through the Ministry portal or notified websites, authenticated by authorized signatories using specified digital signatures. The Central Government will maintain a secure electronic registry and portal and Registrar front offices for access and certified copies. Registrars shall examine filings, notify defects or requests for information by website and e mail or post, and may reject or label filings "invalid" or "defective" if not remedied within the prescribed period; re filing may require payment of applicable fees.

Nidhi company compliance: operational limits on deposits, member-only lending and prudential provisioning reinforce depositor protection.
These Rules prescribe a regulatory regime for Nidhi companies, restricting their objects to member thrift and savings, mandating the suffix 'Nidhi Limited', minimum capital and membership, prohibiting preference shares and external debt, confining business to accepting deposits from and lending to members only, setting deposit-to-Net Owned Funds ceilings and mandatory unencumbered term deposits, imposing deposit application disclosure and depositor verification requirements, limiting lending to specified securities with loan ceilings and interest caps, and prescribing prudential asset classification, provisioning, governance, reporting and enforcement mechanisms.

Remuneration and service terms for tribunal President and members set entitlement, allowances, leave and pension adjustments.
The rules prescribe pay and service conditions for the Tribunal: the President receives salary and allowances comparable to a High Court judge; Judicial Members' pay aligns with prior judicial rank; Technical Members receive Pay Band 4 Grade Pay. Retired appointees' pay is reduced by gross post retirement benefits (except pension equivalent of gratuity). The President and Members are governed by the Contributory Provident Fund Rules, receive specified leave, travel, LTC and medical benefits, and must take oaths and declare absence of adverse financial interests, with unresolved service matters referred to the Central Government.

Salaries and allowances for appellate tribunal members mirror judicial or equivalent government service entitlements under specified service conditions.
Rules align remuneration and service conditions for the Chairperson and Members of the Appellate Tribunal with equivalent judicial or Group A government entitlements, including salary adjustments for existing pensionary receipts, dearness and other allowances, leave and encashment limits, travel and medical facilities, pension options, oath and secrecy obligations, declaration of interests, and residuary provisions with Central Government power to relax rules.

Electronic filing and digital signatures made primary for Tribunal procedure, fixing e-service, e-orders and portal-based case management.
These draft Rules operationalise the National Company Law Tribunal under the Companies Act, 2013 by defining scope, bench structure and terminology; conferring Civil Court powers for company law disputes; prescribing filing, pleading, service, evidence and hearing procedures; mandating electronic filing and a Dedicated Portal with digital signature and time-stamping rules; and detailing registry, Registrar and Secretary functions, record-keeping, fees, notice and advertisement requirements. The Rules also set case-management measures, enforcement, review and correction mechanisms, transitional provisions for transferred matters, and procedures for a range of company-specific applications.

Adjudication of penalties procedure centralises appointment, notice, hearing and penalty factors with appeal rights to Regional Director.
Adjudication of penalties appoints officers not below Registrar as adjudicating officers, requires written show-cause notices with minimum response periods and possible extensions, mandates hearings with reasonable opportunity to be heard, grants powers to summon witnesses and compel documents, and directs consideration of disproportionate gain, investor or creditor loss, and repetitiveness in determining penalty quantum. Orders must be dated, signed and communicated; proceedings are exempt from CPC, Evidence Act and CrPC, and penalties accrue to the Consolidated Fund of India.

Currency export/import limit expanded for residents, allowing higher per-person cash carriage and requiring authorised persons to notify stakeholders.
Regulatory amendment increases the per-person cash carriage ceiling for Indian residents travelling abroad and for resident returnees bringing Indian currency into India (excluding travel to and from Nepal and Bhutan). Resident individuals are permitted to take out of India and to bring into India Indian currency notes up to the revised per-person limit, replacing the earlier lower ceiling, and Authorised Persons must notify their constituents.

FDI share acquisition on exchanges permitted where non-resident already holds control, subject to FEMA pricing and compliance.
Non-residents, including NRIs, may acquire shares of listed Indian companies on recognised stock exchanges under the FDI scheme if they already hold and continue to hold control as per SEBI Takeover Regulations. Consideration may be paid by inward remittance, debit to NRE/FCNR accounts, debit to a non-interest bearing escrow account in India, or from dividends credited to a designated non-interest bearing rupee account. Pricing for subsequent transfers must follow FEMA guidelines and all investments must comply with sectoral caps, entry route, reporting, and documentation requirements under FDI policy and FEMA.

Proof of export relaxed for gold articles; gold consignments under customs bond may be released without bank realisation.
For exports of gold jewellery and articles of gold, the DGFT relaxes the requirement to insist on the bank certificate of realisation for proof of export; if the E.P. copy of the shipping bill and a customs attested invoice are produced and RBI/Ministry of Finance guidelines are observed, gold consignments under customs bond may be released without waiting for bank realisation. The three document proof requirement continues to apply to other exports, and the bank certificate remains necessary where export benefits are claimed.

Extension of filing deadline for Annexure 2C and 2D under Rule authority; separate online and hardcopy submission dates announced.
Extension of the filing deadline for Annexure 2C and Annexure 2D accompanying Form DAVAT-16 for the quarter ending 30 June 2013 is authorised under the Department's rule, setting separate deadlines for online submission and hardcopy filing and directing departmental officers to circulate and publish the revised schedule.

Bank guarantee for non resident acquisitions allowed subject to SEBI compliance and counter guarantee, with reporting on invocation.
Permits AD Category I banks to issue bank guarantees for non resident acquisitions of shares or convertible debentures via open offers, delisting or exit offers without prior RBI approval, provided the transaction complies with SEBI (SAST) Regulations and the issuing bank obtains a counter guarantee from a bank of international repute; guarantees must be co terminus with the offer period and, if invoked, the issuing bank must report circumstances to the Reserve Bank's Foreign Exchange Department.

Classification as communication apparatus: Bluetooth headsets treated as active network transmission devices under customs tariff.
The document addresses classification of Bluetooth wireless headsets for mobile phones, describing them as monaural earphone microphone sets with radio transceiver, battery and charger that use a PAN wireless protocol to exchange voice and data. By application of the General Rules for Interpretation and Note 3 to the Section, the headset confers the essential character on the retail set; its active network communication function and simultaneous two way audio/data streaming place it in the tariff provision for apparatus for transmission or reception of voice and data.

Speaking orders under section 74 must explicitly address compliance with re export drawback procedural and substantive tests.
Officers must issue reasoned, appealable speaking orders that record findings on identity and determination of use, and explicitly explain how the procedural and substantive conditions of the drawback rules - including the manner and timing of claims - are satisfied or not, reflecting due diligence in sanctioning re export drawback claims.

Export through air ports permitted for finished leather, wet blue and EI tanned leather subject to sample testing.
Permission is granted to permit export of finished leather, Wet Blue and EI Tanned Leather through air ports in addition to previously authorised sea ports and ICDs. Customs may draw samples where required for certification and testing as per finished leather norms, and samples are to be certified by notified laboratories under the prescribed procedure.

Principles of Financial Market Infrastructures: mandatory risk management, settlement and disclosure standards for regulated market infrastructures under SEBI oversight.
The circular requires SEBI regulated financial market infrastructures (including payment systems, CSDs/SSSs, CCPs and trade repositories) to implement the Principles of Financial Market Infrastructures, mandating clear legal basis, transparent governance, comprehensive risk management covering credit, liquidity and operational risks, adequate financial resources and FMI specific measures such as settlement finality, collateral and margin standards, default management, segregation and portability, access criteria, link risk management and disclosure obligations, and directs periodic monitoring and assessment by SEBI.