Fiscal, Corporate & Commercial Laws News
- Review of Rules under Companies Act and LLP Act (15/01/2024) – MCA
The Ministry of Corporate Affairs (MCA) initiates a comprehensive review of rules under Companies Act, 2013, and LLP Act, 2008.
E-consultation for comments/suggestions begins on 25th January 2024.
Visit MCA for more details.
- FAQs on IFSCA (Fund Management) Regulations, 2022 (17/01/2024) – IFSCA
International Financial Services Centres Authority issues FAQs for clarity on Fund Management Entity (FME) registration and Scheme/Fund authorization under IFSCA regulations.
Explore IFSCA FAQs for detailed information.
- Google Pay India’s Global UPI Expansion (17/01/2024) – NPCI
Google Pay India signs MoU with NPCI International for expanding UPI globally.
Transformational impact of UPI to extend beyond India.
Refer to NPCI’s press release for more information.
- Revised Eligibility Norms for Urban Cooperative Banks (17/01/2024) – RBI
RBI revises eligibility norms for inclusion of Urban Cooperative Banks in the Second Schedule to the RBI Act, 1934.
Conforms with the Revised Regulatory Framework
Check RBI’s notification for eligibility details.
- Updated Maharashtra GST Rules (17/01/2024) – Government of Maharashtra
Government of Maharashtra releases an updated version of GST Rules, 2017 for convenience.
The update, up to 23rd November 2023, is for reference and has no legal binding.
Access the notification for more details.
- Special Appeal Procedure under Kerala GST Act (12/01/2024) – Government of Kerala
Kerala government introduces special appeal procedure for certain taxable persons under GST Act.
Applicable to cases where appeals couldn’t be filed by 31st March 2023.
Deadline for filing appeals set on 31st January 2024.
Refer to Kerala government’s notification for specifics.
Environment, Health & Safety Law News
- Amendment to Electricity Rules (17/01/2024) – Ministry of Power
Ministry of Power substitutes computed formula for Wheeling charges in Rule 22 of Electricity Rules, 2005.
Detailed information available in the official notification.
- FSSAI Directive to Airline Caterers (17/01/2024) – FSSAI
FSSAI directs airline caterers to strictly comply with specific regulations for food safety and labeling during flights.
Emphasis on transparency with passengers regarding food details.
Read the press release for comprehensive information.
The Ministry of Corporate Affairs (MCA) initiates a comprehensive review of rules under Companies Act, 2013, and LLP Act, 2008.
E-consultation for comments/suggestions begins on 25th January 2024.
Visit MCA for more details.
FAQs on IFSCA (Fund Management) Regulations, 2022 (17/01/2024) – IFSCA
International Financial Services Centres Authority issues FAQs for clarity on Fund Management Entity (FME) registration and Scheme/Fund authorization under IFSCA regulations.
Explore IFSCA FAQs for detailed information.
Google Pay India’s Global UPI Expansion (17/01/2024) – NPCI
Google Pay India signs MoU with NPCI International for expanding UPI globally.
Transformational impact of UPI to extend beyond India.
Refer to NPCI’s press release for more information.
Revised Eligibility Norms for Urban Cooperative Banks (17/01/2024) – RBI
RBI revises eligibility norms for inclusion of Urban Cooperative Banks in the Second Schedule to the RBI Act, 1934.
Conforms with the Revised Regulatory Framework
Check RBI’s notification for eligibility details.
Updated Maharashtra GST Rules (17/01/2024) – Government of Maharashtra
Government of Maharashtra releases an updated version of GST Rules, 2017 for convenience.
The update, up to 23rd November 2023, is for reference and has no legal binding.
Access the notification for more details.
Special Appeal Procedure under Kerala GST Act (12/01/2024) – Government of Kerala
Kerala government introduces special appeal procedure for certain taxable persons under GST Act.
Applicable to cases where appeals couldn’t be filed by 31st March 2023.
Deadline for filing appeals set on 31st January 2024.
Refer to Kerala government’s notification for specifics.
Environment, Health & Safety Law News
Amendment to Electricity Rules (17/01/2024) – Ministry of Power
Ministry of Power substitutes computed formula for Wheeling charges in Rule 22 of Electricity Rules, 2005.
Detailed information available in the official notification.
FSSAI Directive to Airline Caterers (17/01/2024) – FSSAI
FSSAI directs airline caterers to strictly comply with specific regulations for food safety and labeling during flights.
Emphasis on transparency with passengers regarding food details.
Read the press release for comprehensive information.