DRDO hands over first batch of Airbrake Control Module for LCA Tejas Mk1A (See 'Corp Brief') Companies Act - Charges of professional misconduct in SCN are proved for which monetary penalty can be imposed : NFRA (See 'Legal Desk') PMLA - Application for anticipatory bail can be rejected as there is failure on part of applicant to appear before trial Court despite service of bailable warrant : HC (See 'Legal Desk') IBC - There is no scope of interference in writ petition since there is no arbitrariness, mala fides or palpably illegality in impugned order : HC (See 'Legal Desk') Trade Marks Act - Issue of grant of registration can be remitted back to Examiner as trade mark could not be rejected and is required to be advertised : HC (See 'Legal Desk') LODR Regulations - Stay can be granted on effect and operation of order pending disposal of appeal on condition that Appellant deposits 50% of interest amount determined to be payable to CUHL : SAT (See 'Legal Desk') SARFAESI Act - If any borrower is aggrieved by action of private bank/ARC, then borrower has to avail remedy under SARFAESI Act and no writ petition can lie or is maintainable : HC (See 'Legal Desk') CCI approves acquisition of stake in PAMP Technologies by PAMP Ventures SA (See 'Corp Brief') SARFAESI Act - Due to failure to repay outstanding amount despite interim order, present petition is dismissed : HC (See 'Legal Desk') Limitation Act - Sec 14 of Limitation Act is wide in its application, inasmuch as it is not confined in its applicability only to cases of defect of jurisdiction but applicable also to cases where prior proceedings have failed on account of other cause : HC (See 'Legal Desk') IBC - Application is deemed to be withdrawn as it is filed at time when amendments came into force and it is incumbent upon FC to comply with newly enforced statutory requirements : NCLT (See 'Legal Desk') Indian Economic Service calls on President Murmu (See 'Corp Brief') Companies Act - ROC's decision of rejecting application for conversion is not contrary to legislative intent of Section 18 : HC (See 'Legal Desk') PMLA - If criminal case against person is quashed then there can be no offence of money laundering against him : HC (See 'Legal Desk') SEBI Act - Violation of various SEBI circulars by noticee stands established for which penalty can be imposed : SEBI (See 'Legal Desk') Ambuja Cements signs agreement to acquire 1.5 MTPA Grinding Unit at Tuticorin (See 'Corp Brief') PMLA - Any person aggrieved by order, even if person is not party to order, can file appeal u/s 26 of PMLA, 2002 before Appellate Tribunal : HC (See 'Legal Desk') Copyright Act - Trustee only owe fiduciary duty to beneficiary with regards to trust property and Registrar of Copyright to rectify Register in that registration shall be in name of Trust : HC (See 'Legal Desk') SEBI Act - Though broker has failed to be vigilant in securities market by allowing and facilitating non-genuine transactions but has not personally gained from transactions : SAT (See 'Legal Desk') IREDA celebrates legacy: Past leaders share Vision for Future (See 'Corp Brief') SARFAESI Act - Confirmed auction sale can be interfered by High Court by entertaining writ petition only when there is fraud/collusion and present case is not case of fraud or collusion : SC (See 'Legal Desk')

GeM Samvaad - Users share feedback & inputs

Published: Jan 17, 2020

By TIOLCorplaws News Service

NEW DELHI, JAN 17, 2020: GeM Samvaad, a two month long national outreach programme was launched on December 17, 2019 to reach out to stakeholders across the country and also local sellers in order to facilitate on-boarding of local sellers on the marketplace while catering to specific requirements and procurement needs of buyers. The outreach programme took off from December 19, 2019 and during the launch week the States of Karnataka, Uttarakhand, Himachal Pradesh and Andhra Pradesh were covered.

GeM Samvaad is being conducted in all States and Union Territories. After the first four states the outreach programme has been held in J&K on January 05, Ladakh on January 07, Assam and Bihar on January 09 and in Chandigarh on January 08, 2020. All the outreach programmes witnessed overwhelming participation of buyers and sellers. GeM senior officers are steering the programmes. They are also interacting with buyers and sellers attending the events. Arrangements for the outreach programmes including logistics are made by the respective State Governments. The target is to reach out to all stakeholders and learn from their experiences on their usage of GeM portal. Through this outreach programme, GeM expects to make the actual users aware about the new features and functionalities of the portal and collect feedback, which is the first step towards GeM's 'Voice of Customer' initiative.

A Roundtable with Ministries/Departments & Central Public Sector Enterprises (CPSEs) was held on January 14, 2020 in New Delhi as part of GeM Samvaad. It was chaired by Secretary, Department of Commerce, Government of India and CEO GeM. More than 100 participants including Financial Advisors & nodal officers of Ministries, Departments, and representatives of CPSEs participated in the Roundtable and shared their feedback, challenges and suggestions.

The Commerce Secretary highlighted the need for full utilization of the potential of GeM. He stated that Rule 149 of GFR and directives of the Department of Public Enterprises make the procurement of goods and services by Ministries and CPSEs mandatory for goods and services available on GeM and the same should not be violated. The GeM is continuously working to bring all the items on-board and buyers should accelerate this process by providing specifications of categories and asking sellers to onboard GeM. He further emphasized the importance of timely payments to sellers and stated that buyers should ensure payments to sellers on time.

State Departments and Organizations and Public Sector Enterprises (PSEs) have been using GeM for their buying needs. Sellers from the States are also benefitting through the access to national Public Procurement market using the portal. Through GeM Samvaad the marketplace is looking forward to receiving feedback from users which will be used for making improvements and advancements in the system.

GeM has more than 15 lakh products and around 20,000 services, more than 3 lakh registered sellers and service providers and more than 40,000 Government buyer organizations. In its short journey of three years, GeM has processed more than 28 lakh orders worth Rs 40,000 crores in Gross Merchandise Value out of which 50% has been transacted by MSMEs.

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