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  • Ministry of Finance Notifies Reporting Entities for Aadhaar Authentication

    Co. Law, Sebi, Audit & A/c,Apr. 03, 2024

    The Ministry of Finance, Department of Revenue, has issued a significant notification, S.O. 810(E), dated 20th February 2024, under the powers conferred by provisos to sub-section (1) of section 11A of the Prevention of Money-laundering Act, 2002. This notification brings forth a list of reporting entities authorized for Aadhaar authentication, emphasizing compliance with privacy and security standards under the Aadhaar Act, 2016. The move undersco…

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  • UIDAI Introduces Aadhaar (Payment of Fees for Performance of Authentication) Re…

    Co. Law, Sebi, Audit & A/c,Apr. 03, 2024

    The Unique Identification Authority of India (UIDAI) has issued the Aadhaar (Payment of Fees for Performance of Authentication) Regulations, 2023, under the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits, and Services) Act, 2016. These regulations define the fees for Aadhaar authentication services, including e-KYC and Yes/No authentication, and outline the payment deadlines and consequences for non-compliance. The regulation…

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  • PFRDA Mandates 2-Factor Aadhaar Authentication for NPS Transactions

    Co. Law, Sebi, Audit & A/c,Apr. 03, 2024

    The recent circular issued by the Pension Fund Regulatory and Development Authority (PFRDA) highlights the introduction of mandatory 2-Factor Aadhaar Authentication for accessing the Central Recordkeeping Agency (CRA) system for National Pension System (NPS) transactions by Central and State Government Nodal Offices. This proactive step aims to fortify the authentication and login framework, ensuring a secure environment for all NPS activities carr…

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  • Co. Law, Sebi, Audit & A/c,Apr. 03, 2024

    The Pension Fund Regulatory and Development Authority (PFRDA) has issued Circular No: PFRDA 2024/06/Sup-CRA/03, dated 15th March 2024, announcing a significant security enhancement for accessing the Central Recordkeeping Agency (CRA) system for National Pension System (NPS) related tasks. Effective from 1st April 2024, all password-based users logging into the CRA system are required to undergo mandatory 2-Factor Aadhaar Authentication. This proact…

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  • Co. Law, Sebi, Audit & A/c,Apr. 03, 2024

    The Unique Identification Authority of India (UIDAI) has issued the Aadhaar (Authentication and Offline Verification) Amendment Regulations, 2024, effective from January 31, 2024. These amendments bring significant changes to the authentication process, emphasizing the importance of agreements with the Authority. The aim is to enhance security and efficiency in Aadhaar-related transactions.

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Delhi’s Directorate of Vigilance Implements Voluntary Aadhaar Authentication fo…

The Directorate of Vigilance in Delhi has issued a notification on September 18, 2023, introducing voluntary Aadhaar authentication for its Vigilance Complaint Information Management System (VCIMS) Portal. This move aims to enhance the identification of complainants, improve efficiency, and ensure transparency in vigilance and anti-corruption efforts. The notification is grounded in Section 4(4)(b)(ii) of the Aadhaar Act, 2016, and aligns with the …

Co. Law, Sebi, Audit & A/c,Apr. 03, 2024
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  • Co. Law, Sebi, Audit & A/c,Apr. 03, 2024

    The Ministry of External Affairs (MEA) has announced the integration of Aadhaar authentication for its Toshakhana e-auction portal, marking a significant move towards digital governance and transparency. This initiative aims to streamline the auctioning process for gift items received by the Government of India functionaries, promoting efficiency, integrity, and fair participation in the auction proceedings.

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  • Co. Law, Sebi, Audit & A/c,Apr. 03, 2024

    The Supreme Court Collegium has recommended the appointment of Ms. Shalinder Kaur and Shri Ravinder Dudeja, distinguished judicial officers, as Judges of the High Court of Delhi. The recommendations were made after a thorough evaluation of their merit, integrity, and suitability for the esteemed positions. Both candidates received an ‘A’ rating for their judgments from the Judgment Evaluation Committee, and consultee-judges attested to their merit …

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Co. Law, Sebi, Audit & A/c,Apr. 02, 2024

The Central Bureau of Investigation (CBI) has arrested a Chartered Accountant (CA) for demanding and accepting a bribe of Rs.50,000 from a complainant. The case involves allegations that the accused, an empanelled Chartered Accountant of Canara Bank, demanded a bribe of Rs.1.50 Lakh in exchange for providing a favorable stock audit report to the complainant’s firm, which deals in Art work. The accused was caught accepting the bribe of Rs.50,000 in …

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MCA Imposes ₹3.65 Lakh Penalty on Director for Violating DIN Regulations

The Ministry of Corporate Affairs (MCA) has imposed a penalty of ₹3.65 lakh on a director, Mr. Sandeep Kumar, for non-compliance with the Director Identification Number (DIN) regulations. This action, documented under Order No: ROC/ADJ/326/223465/2023 dated February 22, 2024, highlights the importance of adherence to the legal requirements under the Companies Act, 2013. The case involves M/S. Octacle Integration Private Limited, a company registere…

Co. Law, Sebi, Audit & A/c,Apr. 02, 2024
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