CBIC published CGST (7TH Amendment) Rules, 2019 to simplify Annual Return/Reconciliation Statement
The Central Board of Indirect Taxes and Customs has published the Central Goods and Services Tax (Seventh Amendment) Rules, 2019 for simplification of GSTR-9/9C for FY 2017-18 and for the FY 2018-19 by making various fields optional.
Companies (Meetings of Board and its Powers) amended to alter the defining criteria of RPT that require company resolution
On 18th November, 2019 Ministry of Corporate Affairs (MCA) had notified 2nd amendment in the Companies (Meeting of Board and its Powers) Rules, 2014 and amended the threshold limits in the criteria for distinguishing Related Party Transactions (RPT) that require authorization through resolution by the company.
SEBI lays down mechanism to map unique client code with demat account
The Securities and Exchange board of India on 15th November 2019, has issued a circular directing the stock exchanges and depositories to put in place a mechanism to map the Unique client code with the demat account of a client.
MCA appoints 1st December 2019 as the date on which the certain provisions of IBC shall come into force
The Ministry of Corporate Affairs in its Notification dated 15th November 2019, Appoints 1st Day of December 2019 as the date on which certain provisions of the Insolvency and Bankruptcy code, 2016 related to personal guarantors to corporate debtors shall come into effect.
Digital thermometer, BP monitoring devices to come under regulation from January 1, 2020
The Central Drugs Standard Control Organisation In its notification dated 13th November 2019, has brought in devices that are used to monitor temperature or blood pressure under new medical device Rules, 2019 effective from 1st January 2020.