Key highlights on the outcome of the 54th GST Council Meeting
GST Council held its 54th meeting at New Delhi. In the meeting, GST Council has recommended changes related to GST tax rates, […]
RBI amends Master Direction – Non-Banking Financial Company – Account Aggregator; effective immediately
The Reserve Bank of India (“RBI”) has amended the Master Direction – Non-Banking Financial Company – Account Aggregator (Reserve Bank) Directions, 2016 […]
Ministry of Steel notifies the Steel and Steel Products (Quality Control) Order, 2024 in supersession of existing quality control regime; prescribes enforcement date of applicable standards for steel and steel products
In continuation to what we reported earlier (please refer to e-mail in trail), the Ministry of Steel (“Ministry”) has notified the Steel […]
EPFO issues clarification on earlier amendments to EPF Scheme, 1952; new damages recovery rate not to apply to default made up to 13th June, 2024
In continuation to what we reported earlier (please refer to e-mail in trail), the Employees Provident Fund Organization (“EPFO”) has issued a […]
CPCB issues Guidelines for Environment Compensation to be levied for violation of various provisions of E-Waste Management Rules, 2022
The Central Pollution Control Board (“CPCB”) has issued Guidelines for Environment Compensation (“EC”) to be levied for violation of E-Waste Management Rules, […]
Governor of West Bengal urges all employers to settle bonus payments ahead of Durga Puja celebrations by 30th September 2024
The Governor of West Bengal has issued an appeal to all employers in the State governed by the Payment of Bonus Act, […]
Ministry of Corporate Affairs amends Indian Accounting Standard (Ind AS) 116; adds “Appendix D” to it
The Ministry of Corporate Affairs (“MCA”) has notified Companies (Indian Accounting Standards) Second Amendment Rules, 2024 (“Amendment Rules, 2024”) to amend Companies […]
Centre notifies Uniform Code for Marketing Practices in Medical Devices 2024; mandates annual self-declarations on Code adherence and disclosure of expenses on medical education/conferences and free samples through UCPMP portal
The Department of Pharmaceuticals has notified the Uniform Code for Marketing Practices in Medical Devices (UCMPMD) 2024 (“Code”), mandating strict compliance obligations […]
MCA amends IEPF (Accounting, Audit, Transfer and Refund) Rules, 2016; Companies to take special contingency insurance policy towards risk arising out of claim
The Ministry of Corporate Affairs (“MCA”) has issued Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, […]
MCA amends Companies (Indian Accounting Standards) Rules; introduces a new Indian Accounting Standard (Ind AS) 117
The Ministry of Corporate Affairs (“MCA”) has notified Companies (Indian Accounting Standards) Amendment Rules, 2024 (“Amendment Rules, 2024”) to amend Companies (Indian […]
Ministry of Finance notifies Accessibility Standards and Guidelines for infrastructure and services in Insurance Sector, aligning with Rights of Persons with Disabilities Act, 2016
The Ministry of Finance (Department of Financial Services) has notified the “Accessibility Standards and Guidelines for infrastructure and services in Insurance Sector”, […]
NPCI enhances per transaction to Rs. 5 lakhs for entities under categories aligned to tax payment; to be implemented by UPI members by 15.09.2024
The National Payments Corporation of India (“NPCI”) has informed that the per transaction value limit in UPI has been enhanced to Rs. […]