RBI notifies Master Direction on KYC to update the instructions on Wire Transfer
The Reserve Bank of India (“RBI”) has issued an amendment to Master Direction (MD) on KYC to update the instructions on Wire […]
Timelines for filing of monthly returns and payment of tax by enrolled person under Karnataka PTAX Act
The Government of Karnataka has issued the Karnataka Tax on Professions, Trades, Callings and Employments (Removal of Difficulties) Order, 2023 (“2023 Order”) […]
The RoC, Mumbai has imposed a whopping amount of Rs 1 crore as penalty on a company for failing to utilise its CSR funds in the prescribed manner
The Registrar of Companies (“RoC”), Mumbai, in a recent case, has imposed the maximum penalty of Rs. 1 crore on a leading […]
Advisory on deferment of implementation of time limit to report old e-invoices on IRP portal issued by GST Portal
Goods and Services Tax portal has issued new advisory on deferment of implementation of time limit on reporting old e-invoices in IRP […]
Threshold limit for generation of GST e-invoices reduced from INR 10 Crore to INR 5 Crore
Registered persons whose annual turnover in any preceding financial year from 2017-18 onwards exceeds INR 5 crore shall be required to generate […]
Employees Pension Scheme related provisions under the Code on Social Security notified; employer’s contribution towards joint option under EPS increased from 8.33% to 9.49% of pay
The Ministry of Labour and Employment (“MoLE”) has notified the following by invoking powers under the Code on Social Security, 2020 (“Code”) […]
FSSAI grants an extension of 6 months to Tea Manufacturing FBOs to use non retail bulk tea packages and non-retail pre-printed bulk tea packages
The Food Safety Standards Authority of India (“FSSAI”) has decided to grant a time extension of 6 months to Tea Manufacturing Food […]
FSSAI re-operationalizes certain provisions under the FSS (Health Supplements, Nutraceuticals, Food for Special Dietary Use, Food for Special Medical Purpose and Prebiotic and Probiotic Food), Regulations, 2022; effective since 1st April 2023
The Food Safety and Standards Authority of India has issued directions to re-operationalize some provision of the FSS (Health Supplements, Nutraceuticals, Food […]
FSSAI to take strict action for non-compliance with Food Safety and Standards (Advertisements & Claims) Regulations; aims to prevent deceptive / misleading claims or advertisements by FBOs
With a view to prevent Food Business Operators (“FBOs”) from making deceptive / misleading claims or advertisements and ensure fair trade practices […]
FSSAI re-operationalizes certain provision relating to Crude Corn (maize) Oil under the Draft FSS (Food Product standards and Food Additives) Amendment Regulations, 2022
Since the finalisation of Draft FSS (Food Product standards and Food Additives) Amendment Regulations, 2022 ( “Draft 2022 Regulations”) is likely to […]
SEBI mandates reporting of Legal Entity Identifier code for issuers who have listed or are proposing to list non-convertible securities, securitised debt instruments, security receipts
Securities and Exchange Board of India mandates that issuers having – outstanding listed non-convertible securities as on August 31, 2023 and outstanding […]
Environment Ministry notifies amendments to the Plastic Waste Management Rules, 2016
The Ministry of Environment, Forest and Climate Change has notified the Plastic Waste Management (Amendment) Rules, 2023 (“Amendment”) to further amend the […]