Retailers Hail Amendment In Legal Metrology Rule 2011| MENAFN.COM

Friday, 09 December 2022 10:00 GMT

Retailers Hail Amendment In Legal Metrology Rule 2011

(MENAFN- KNN India) Retailers hail amendment in Legal Metrology Rule 2011

New Delhi, Oct 6 (KNN) The Department of Consumer Affairs on Wednesday announced amendment in a key provision of the Legal Metrology Rule which has come as a relief to the retailers.

The department now recognises that the board of directors may not be involved in the day-to-day functioning of the company and also may not be available at the time of occurrence of an offence.

This will facilitate the retailers to nominate a store manager or any responsible person for the activities of a Retail store in place of the Director of the Company, who is not directly involved in the day-to-day activity of the retail stores.

The sub-section 2 of section 49 of the Legal Metrology Act, 2009, stated that companies were required to nominate any of their Directors as a person responsible for the business of the Company. 

Under this amended provision, the companies having different establishments or branches or different units in any establishment or branch can now nominate an officer who has the authority and responsibility for planning, directing and controlling the activities of the establishments or branches or different units.

Speaking about the amendment, Kumar Rajagopalan, CEO, Retailers Association of India (RAI), said,“Retailers Association of India welcomes the announcement made by the secretary, Ministry of Consumer Affairs, Food and Public Distribution, Rohit Kumar Singh.”

Nominating any company officer in place of the director is in line with modern business needs, as the director is not involved in day-to-day activity, he said.

It has been a long-standing requirement from retailers across the country. (KNN Bureau)


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.