SEBI Issues circular to mutual funds to report changes in terms of investment to credit rating agencies
The Securities Exchange Board of India in its circular dated 6th November 2019 has directed all the Mutual Funds registered with SEBI to inform the Valuation and Credit Rating Agencies about any changes in terms of investments, including extension in the maturity of a money market or debt security, along-with reasons for such changes.
Recent amendments made to the Income Tax Rules 1962
The Central Board of Indirect Taxes has recently made a number of amendments to the Income Tax Rules, 1962. The Tenth Amendment was made on 27th September 2019 followed by Eleventh Amendment made on 30th September and the Twelfth Amendment was issued on 6th November 2019.
SEBI allows Mutual Funds to create segregated portfolio for unrated debt
The Securities Exchange Board of India in its circular dated 7th November 2019 has allowed Mutual Funds to create segregated portfolios for unrated debt or money market instruments of an issuer that does not have any outstanding rated debt or money market instruments by modifying its earlier circular dated December 28, 2019.
Legal Metrology (Approval of Models) Rules amended: increase in fee for testing weights, measures and Instruments
The Department of Consumer Affairs has issued the Legal Metrology (Approval of Models) (Amendment) Rules, 2019 on 6th November 2019. The amendment has enabled the applicant to carry out compliances like payment of fees for testing weighs and measures and publication of model certificate through online means.
Change in Drug Supplying entities: New Draft Drugs and Cosmetic Amendment Rules
The Ministry of Health and Family Welfare in its notification dated 6th November, 2019 has published the Draft Drugs and Cosmetics (Amendment) Rules, 2019 by amending the classes of drugs supplied by entities and their extent and conditions of exemption.
