registration | Common News Update

May192020 by adminNo Comments

Nine NBFCs surrender certificate of registration

Finance

Mumbai: Nine NBFCs, including Reliance Net and Nischaya Finvest Private Limited, have surrendered their certificate of registration, the Reserve Bank of India said on Tuesday. Penrose Mercantiles Ltd, Manohar Finance India Ltd, Chandelier Tracon Pvt Ltd, and Sanghi Hire Purchase Ltd are among the NBFCs which have surrendered their certificates. The certificate of registration is granted by the RBI. With surrendering the certificates, the companies cannot transact the business of a non-banking financial institution. In another statement, the central bank said it has cancelled the certificate of registration of 14 non-banking financial companies (NBFCs). Primus Capital Private Limited (Formerly known as Rapid Growth Capital Services Private Limited), Bharat Finance and Industries Limited...

Aadhaar optional, not mandatory for property registration under law, AAP government tells High Court

Finance

New Delhi: Aadhaar is accepted as proof of identity for property registration and land mutation, but it is only an optional requirement and there is no provision in the law making it mandatory, the AAP government told the Delhi High Court Wednesday. The submission by the Delhi government was made in an affidavit filed before a bench of Chief Justice D N Patel and Justice C Hari Shankar in response to notice issued to it on a PIL by BJP leader Ashwini Kumar Upadhyay seeking linking of immovable and movable property documents of citizens with their Aadhaar number to curb corruption, black money generation and 'benami' transactions. "Aadhaar is one of the documents which executants of conveyance deeds are required to submit as proof of identity for registration of properties, however, the sa...

UK to bring in drone registration

Technology

The UK government has announced plans to introduce drone registration and safety awareness courses for owners of the small unmanned aircraft. It will affect anyone who owns a drone which weighs more than 250 grams (8oz).Drone maker DJI said it was in favour of the measures.There is no time frame or firm plans as to how the new rules will be enforced and the Department of Transport admitted that "the nuts and bolts still have to be ironed out".The drone safety awareness test will involve potential flyers having to "prove that they understand UK safety, security and privacy regulations", it said.The plans also include the extension of geo-fencing, in which no-fly zones are programmed into drones using GPS co-ordinates, around areas such as prisons and airports.'Protect the public'"Our measur...