CBIC extends waiver of late fee for delay in filing Form GSTR-4 for FY 2021-22
On 05-07-2022, the Central Board of Indirect Taxes and Customs has waived the late fee for delay in furnishing Form GSTR-4 for
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US – Colorado| Colorado expands notice requirement for Unemployment Benefits upon termination
The Senate Bill 22-234 has received the assent of Governor. The legislation is intended to update the notice requirements regarding unemployment insurance
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Bullion exchange units will now be deemed IFSCs vide Special Economic Zones (Second Amendment) Rules, 2022
On 6th July, 2022, Central Government passed Special Economic Zones (Second Amendment) Rules, 2022. It will be coming into force with immediate
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Deposit and refund scheme for taxes in Electronic Ledgers revised vide Central Goods and Services Tax (Amendment) Rules, 2022
On 5-7-2022, Central Government notified Central Goods and Services Tax (Amendment) Rules, 2022 that amends Central Goods and Services Tax
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Obligations on the part of ‘Insolvency Professionals’ regulated vide Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Amendment) Regulations, 2022
On 4-7-2022, Insolvency and Bankruptcy Board of India (IBBI), notified Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Amendment) Regulations,
Continue readingRBI imposes Rs.1.5 crore penalty on Kotak Mahindra Bank Ltd for deficiency in regulatory compliance
The Reserve Bank of India (‘RBI’) has imposed a penalty of Rs. 1.5 crore on Kotak Mahindra Bank Ltd.(‘Kotak’) for contravening the
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Manner of obtaining certificate of registration by ‘Finance Company’ under IFSCA revised vide IFSCA (Finance Company) (Amendment) Regulations, 2022
On 1-7-2022, International Financial Services Centres Authority (IFSCA) notifies International Financial Services Centres Authority (Finance Company) (Amendment) Regulations, 2022. This Amendment seeks
Continue readingRBI issues circular on takeover/ acquisition of control of non- bank payment system operators and sale and transfer of payment system activity
On 04-07-2022, the Reserve Bank of India (‘RBI') has issued a circular determining the requirements for obtaining prior approval in
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SEBI issues circular on investor grievance mechanism to expedite redressal and disposal of complaints
On 04-07-2022, Securities and Exchange Board of India (‘SEBI') issued a circular on Investor Grievance Mechanism also amending its circular
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Regulation of provisions on re-import of jewellery exported on E-commerce platforms vide Courier Imports and Exports (Electronic Declaration and Processing) Amendment Regulations, 2022
On 30-6-2022, Ministry of Finance notified Courier Imports and Exports (Electronic Declaration and Processing) Amendment Regulations, 2022. By this amendment,
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CCPA issues Guidelines to prohibit automatic levy of service charge in hotels and restaurants
On 04-07-2022, the Central Consumer Protection Authority (‘CCPA’) has issued Guidelines to prevent unfair trade practices and to protect the consumer interest
Continue readingRBI issued Guidelines on Note Authentication and Fitness Sorting Parameters
On 01-07-2022, Reserve Bank of India (‘RBI') issued guidelines on authentication of note and fitness sorting parameters for the Note
Continue readingRBI notified provisioning requirement for Investment in Security Receipts in order to provide glide path for the Regional Rural Banks
On 28-08-2022, Reserve Bank of India (‘RBI') notified that for smooth functioning of the Regional Rural Banks (‘RRBs') and to
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Transaction limit of foreign contribution received from relatives has been increased from one lakh to ten lakhs vide Foreign Contribution (Regulation) Amendment Rules, 2022
On 01-07-2022, the Ministry of Home Affairs has notified the Foreign Contribution (Regulation) Amendment Rules, 2022 to further amend the Foreign Contribution
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SEBI issues circular on disclosure of specified securities and holding of specified securities in dematerialized form to bring transparency to investors
On 30-06-2022, Securities and Exchange Board of India (‘SEBI’) issued a circular providing the investors in the securities market more
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SIDBI modifies 10% contribution to a fixed percentage which will be decided by the Bank vide SIDBI (Defined Contributory New Pension) [Amendment] Regulations, 2022
On 21-06-2022, the Small Industries Development Bank of India notified Small Industries Development Bank of India (Defined Contributory New Pension) [Amendment] Regulations,
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CBDT specifies non fungible token as virtual digital asset
The Central Government has specified a token which qualifies to be a virtual digital asset as non-fungible token within the
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Insertion of Form No. 26QF to the Income tax Rules, 1962 vide Income-tax (20th Amendment) Rules, 2022
The Central Board of Direct Taxes has notified Income-tax (20th Amendment) Rules, 2022 to amend the Income-tax Rules, 1962. The amendment modifies
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Formation of Project Screening Committee to screen project proposals for use of forest land vide Forest (Conservation) Rules, 2022
On 28-06-2022, Central Government notified new rules namely, “Forest (Conservation) Rules, 2022” to further carry out the protection and preservation of forests
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Uttar Pradesh | Women employee cannot be bound to work in night shifts
The Governor of Uttar Pradesh notified elaborate rules explaining conditions to restrict working of ‘women employee’ between 7:00 pm and 6:00 am.
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