The ministry expects to be ready by month-end with full relevant details of all defaulting directors of such firms.The names of these firms have been struck off under Section 248 of the Companies Act, which provides that the ROC may take action against them if a company has failed to commence its business within one year of its incorporation; or it has not carried out any business for two financial years or has failed to file its financial statements for three years.The minister is also monitoring the situation emerging out of cancellation of registration of the companies and is holding regular meetings with officials of the ministry and various related organisations.More such names will be published soon as the government has already identified over 1.Besides, banks have been asked to restrict operations of these companies’ bank accounts by their directors or their authorised representatives.More than two lakh such companies have already been struck off the register of the companies with various ROCs .The move came close on the heels of the corporate affairs ministry cancelling the registration of 2.09 lakh defaulter companies to also identify persons with significant beneficial interests.These include the Serious Fraud Investigation Office , ROCs, the Department of Financial Services, the Indian Banks Association and other departments involved in the crackdown against defaulting companies.Signalling that more regulatory action is expected, the Wholesale Reusable Seamless Printing Face Mask ministry is already analysing further data of 2.New Delhi: Intensifying its crackdown on shell companies and their operators, the government has made public the names of over 55,000 directors linked to such firms to ensure they do not get associated with similar roles again.09 lakh companies that have not been carrying out business activities for a long period.There are nearly 11 lakh companies with active status after deregistration of over 2.As per the public notices issued by different ROCs, the names have been made public so far for more than 24,000 such shell companies from the Chennai region, as also of over 12,000 each from Ahmedabad and Ernakulam.

Several of these names could also be linked to various political and corporate groups, but it could not be ascertained immediately as most of the lists only contain the names of directors and their DINs and not any specific personal details.In most cases, the directors whose names have been made public will not be eligible for any directorship till October 2021 as the action has been initiated with effect from November 2016. However, addresses were also mentioned for some.Besides, similar lists of thousands of directors have been made public by the ROCs in Cuttack, Goa and Shillong, among others.The action against directors of such firms can be taken under Section 164 , which provides that such persons will not be eligible to be re-appointed as a director of that company or appointed in any other company for five years from the date of default by the company concerned.06 lakh directors will be disqualified for their association with shell companies.06 lakh directors for their association with shell firms which are either yet to commence any business or have failed to submit their financial statements or annual returns for three straight years.The ministry, which is implementing the companies law, has also identified professionals, chartered accountants, company secretaries and cost accountants associated with the defaulting companies.Earlier this month, the government had said more than 1. Possibility of using the shell companies for laundering the black money cannot be undermined,” Minister of State for Corporate Affairs P P Chaudhary had said earlier.Further, money laundering activities under the aegis of these companies are also under the scanner, it had said. However, ROCs in Delhi, Mumbai and Chandigarh are yet to publish such lists.“The fight against black money shall be incomplete without breaking the network of shell companies.“Profiles of directors such as their background, antecedents and their role in the operations/functioning of these companies are also being compiled in collaboration with the enforcement agencies,” the ministry had said on September 12.

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But the contrast between China&China Wholesale Macaron Color Mask39;s growth and its unfair trade practices, and what had happened to the US in terms of growth and wage growth, is quite startling," the official said.Another administration official said China benefits far more from the US-China trade relationship than the US does.Later State Department Spokesperson Heather Nauert said Trump has been very clear from the first day on the campaign trail, longstanding concerns that he has and administration-wide people have, with China's "unfair" trade practices. Our country must stand up against China's trade blackmail, so I am encouraged that the administration is focused on protecting the technologies that China publicly targeted," Wyden said. This is a serious problem that the US side is keenly aware of".China's "unfair" trade practices has resulted in a goods trade deficit of USD 370 billion, the official said. The President has fought very hard for advancing opportunities, economic opportunities for American businesses, but also the American people," she said."China has cheated, stolen and bullied American industry on trade for decades, causing massive economic wreckage to workers, employers and communities across America in the process.Senate Finance Committee Ranking Member Ron Wyden welcomed the decision.The typical American corporation that wants to go to China and sell its goods into the Chinese market is on the horns of a dilemma.

Trump imposed USD 60 billion of tariffs on Chinese imports to punish the country for its "unfair" seizure of American intellectual property, a move that could escalate the already tense trade relations # between the world's two biggest economies.A senior administration official told reporters: "By some calculations, every billion dollar of trade deficit that arises from market-distorted policies, costs us about 6,000 jobs. The Trump administration said that it is for China to decide what course it wants to take."The administration should instead pursue a comprehensive approach centred around several strategic priorities."During the same period of time, the American economy sputtered.Washington: America's massive trade deficit with China is estimated to have resulted in about two million job losses in the US, the White House has said, defending President Donald Trump's decision to initiate strong actions against China's "unfair" trade practices.."We have heard from many of our trading partners that they share many of these concerns," the official said. We will certainly take that into account," the official said. It went from an annual growth rate of about 3. Responding to questions, the official said the concerns with Chinese economic practices are widespread throughout the United States and around the world. Since 2001, when China joined the World Trade Organisation, its economy has grown from USD 1 trillion of GDP to USD 12 trillion; roughly an 800 per cent growth rate.

This includes working closely with our international partners to identify unfair trade barriers and practices that China must remove, setting deadlines for such reforms and outlining actions that the US will take if those reforms are not undertaken," it said.5 per cent between 1947 and 2000, down to around two per cent, which everybody wanted to say was the new normal for America. One of them is certainly trade. A very conservative calculation, by some estimates, is that trade deficit results in about two million more jobs in China and two million less here. "It's natural for us to have to address things that we don't agree on.Senator Sherrod Brown welcomed the news that the Trump administration is taking steps to launch crackdown on China's violation of intellectual property laws.Trump directed the US trade representative to level tariffs on about USD 60 billion worth of Chinese imports after a seven-month investigation into the intellectual property theft, which has been a longstanding point of contention in US-China trade relations.Business Roundtable said unilaterally imposing tariffs or other restrictions without a long-term strategy to bring about reforms in China will only raise prices in America, make American companies and products less competitive, and harm US workers and consumers. China also announced retaliatory measures against the US."The point here is that China will have a choice as to how to respond, and they have benefited far more from this relationship than we have.

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All the manufactuers are advised to ensure compliance of provisions, otherwise they will be liable to deposit the overcharged amount with interest”.These devices are non-scheduled formulations and their sales are governed by the provisions of DPCO 2013, the notification said.. This is a blatant violation of law of the land, it added. The NPPA had recently announced major price cuts for cancer drugs, up to 86 per cent in some cases and reduced cardiac stent prices by over 75%, capping the ceiling prices of drug eluting stents and bioresorbable vascular scaffolds at Rs 29,600, and bare metal stents at Rs 7,260, including VAT, these stents are expected to cost Rs 31,080 and Rs 7,623, respectively. The prices of non-scheduled formulations are monitored by the government.”Sources said the notification was issued following complaints China Macaron Color Mask Company from the patients being charged exorbitant prices on these medical devices.New Delhi: After controlling prices of stents, India’s drug pricing regulator, National Pharmaceutical Pricing Authority , has made it mandatory for the manufacturers and importers of “notified” medical devices to carry maximum retail price on the packs. Manufacturers are not allowed to increase the price of these more than 10 per cent per annum, NPPA said.Sources said that the move is expected to bring transparency and relief to consumers who could otherwise be taken for a ride as their prices are neither monitored nor controlled. These devices include heart valves, catheters, bone cements, surgical dressings, condoms, stents, disposable hypodermic syringes, orthopaedic implants, intra ocular lenses, umbilical tapes, intra uterus devices among others. In its tweet, the NPPA said: “Total 22 medical devices notified as ‘drugs’ must print MRP on the packs under DPCO, 2013; state govts/state drug controllers requested to enforce law.“It has come to knowledge of the NPPA that several medical devices are available in the market and are also being used in healthcare facilities where no MRP is printed on the package by manufacturers/importers,” the NPPA said in a notification. The government has notified 22 medical devices as drugs under the Drugs and Cosmetics Act, 1940, and the Drugs and Cosmetic Rules, 1945, it said.

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