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Bharat Forge to acquire balance 49% stake in Kalyani Strategic Systems

Bharat Forge intends to purchase 49% stake in its subsidiary - Kalyani Strategic Systems (KSSL). Since KSSL holds Industrial License under the Arms Act, 1959 read with the Arms Rules, 2016, the said acquisition of shares shall be subject to prior approval of Ministry of Home Affairs / Department for Promotion of Industry and Internal Trade. Currently the Company holds 51% stake in KSSL. After this acquisition, KSSL shall become a wholly owned subsidiary of the Company. Powered by Capital Marke...
Bharat Forge Strategic Systems Industrial License Arms Act Arms Rules Home Affairs

Uzi in Guise of Rifles: Take legal action against importers

The police headquarters has recommended taking lawful action against the arms importers who sold semi-automated Uzi pistols after importing them under the declaration of rifles. The Arms Rules 2016 states that the import of semi-automatic or automatic weapons are prohibited in the country. The "Uzi pistol" looks more like a submachine gun than a rifle or a pistol. In a letter to the home ministry, the PHQ said the magazine of the .22 bore Uzi pistol can hold 20 bullets and the weapon is more po...
Bangladesh General Jalaluddin Sheikh Golam Mostofa Rashel Mh Arms Co Shafiqul Islam Arms Co Tejgaon Division

Samajwadi Party MP Azam Khan receives notice in Sitapur jail; violated this rule

Highlights Uttar Pradesh government continues its action against illegal licenses. Notices have been issued to Samajwadi Party MP Azam Khan and family along with other 36 arms holders Similar notices are issued to former minister Nawab Kazim Ali Khan alias Naved Miyan and former lawmaker Yusuf Ali Lucknow: Uttar Pradesh government continues its action against the illegal licenses. Uttar Pradesh Government has changed the Arms Rules, which prohibits the possession of more than two licensed weapo...
Uttar Pradesh Naved Miyan Kazim Ali Khan Yusuf Ali Samajwadi Party Mp Azam Khan Pradesh Government
Source: india.com

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