SEBI extends timeline for Disclosure of significant beneficial ownership
The Securities and Exchange Board of India (‘SEBI’) in the interest of transparency to the investors in the securities market mandated that, listed entities shall disclose details pertaining to Significant Beneficial owners in the format prescribed along with the shareholding Pattern filed by all listed entities vide its circular dated 07th December 2018 from quarter […]
Cap on investments by FPI in corporate bonds lifted
The Reserve Bank of India (‘RBI’) and the Securities Exchange Board of India (‘SEBI’) have reviewed the cap placed w.r.t investment by FPI in Debt securities. Both the Regulators had, mandated that no FPI shall have an exposure of more than 20% of its corporate bond portfolio to a single corporate (including exposure to related […]
Last Date for Filing of GSTR-9 & 9A for the year 2017-18 extended up to 30th June, 2019
The GST law mandates filing of annual return in FORM GSTR -9 and FORM GSTR-9A. Vide Order No 3/2018-Central Tax, dated 31.12.18, the last date for filing the Annual Return for the Financial Year 2017-18 has been extended to 30th June 2019. The form is now available on the common portal for filing. However, caution […]
RBI’s finalizes scheme to attract foreign investments from FPIs
The Statement on Development and Regulatory Policies in the Monetary Policy Statement dated October 05, 2018 had announced a separate scheme called ‘Voluntary Retention Route’ (VRR) to encourage Foreign Portfolio Investors (FPIs) to undertake long-term investments in Indian debt markets. Under this scheme, FPIs have been given greater operational flexibility in terms of instrument choices besides exemptions […]
Telengana moves NDPS licensing online
As a measure of improving Ease of doing business in the State, the Telengana Drug Control Administration has strictly enforced online processing of application process concerning Narcotics and Psychotropic Substances (‘N.D.P.S.’) By way of its order dated 17 January 2019 O.O.No. 01/Peshi/2019, it has stated that manual submission of applications for grant of licenses, additional […]
Schedule H Drug list amended to include Hydroquione – skin lightening agent
The Ministry of Health and Family Welfare vide Notification passed on 6th March, 2019 G.S.R.186(E) amended the Drugs and Cosmetics Rules, 1945, which shall come into force on 01st April 2019. With this new amendment, the Ministry has included “Hydroquinone” in the note to Schedule H of the Drugs and Cosmetics Rules, 1945. Hydroquinone is […]
RBI harmonized different categories of NBFCs
Reserve Bank of India in its notification dated 22nd February, 2019, has decided to harmonise different categories of NBFCs. The decision was first set out in Statement on Developmental and Regulatory Policies released on 7th February, 2019. Various categories of NBFCs have evolved over time pertaining to specific sector/asset classes and different Regulations have been […]
Amendment in Hazardous Waste (Management& Transboundary Movement) Rules, 2016
The Ministry of Environment, Forest and Climate Change has amended the Hazardous and Other Wastes (Management & Transboundary Movement) Rules, 2016 vide notification dated 01 March 2019. Some of the salient features of the Hazardous and Other Wastes (Management& Transboundary Movement) Amendment Rules, 2019 are as follows: Solid plastic waste has been prohibited from import […]
Trusts are now allowed to set up unit in SEZ
The Union Cabinet approved promulgation of an Ordinance to amend the Special Economic Zones Act, 2005. The Special Economic Zones (Amendment) Ordinance was published in the gazette on 2nd of March, 2019. As per the ordinance, definition of “person”, as defined in sub-section (v) of section 2 of the Act has been amended to include […]
NABH revamps Entry-Level Certification process for Hospitals
National Accreditation Board for Hospitals and Healthcare Organizations (NABH) has launched a new portal called HOPE – Healthcare Organizations’ Platform for Entry-Level-Certification. The Portal makes the Entry-Level Certification Process simpler, digital, faster and user-friendly. It aims to promote quality of healthcare by enrolling a wide range of hospitals across the country including Healthcare Organizations (HCOs) […]