MCA further extends the provision to conduct Board meetings through Video Conference or other Audio-Visual Means
MCA further extends the provision to conduct Board meetings through Video Conference or other Audio-Visual Means (OAVM) for approving financial statements and other restricted agenda items.
IRDAI issues new amendments to the Guidelines on Information and Cyber Security for Insurers
Amendments to the guidelines on Information and Cyber Security for Insurers has provided new procedure for conducting Vulnerability Assessment and Penetration Testing (VAPT).
New COVID-19 vaccines operational guidelines
Operational guidelines provides for the Co-WIN (COVID -19 Vaccine Intelligence Network) which has been developed as an extension of the existing electronic Vaccine Intelligence Network (eVIN) module for it to be a comprehensive cloud-based IT solution for planning, implementation, monitoring, and evaluation of COVID-19 vaccination in India.
FSSAI extends the timeline for the compliance related to the standards on packaged drinking water.
FSSAI has decided to further extend the timeline for compliance related to the limits of calcium and magnesium for the standards of packaged drinking water (other than mineral water) up to 1st July 2021.
IRDAI directs insurers and insurance intermediaries to file half yearly return on POS portal.
The half-yearly data up to September shall be uploaded by 31st January 2021 and the data up to 31.03.2021 shall be uploaded by 30th April 2021.
Department of Consumer Affairs notifies online submission of applications for Registration of importer of Weights & Measures and Registration of Manufacturer/ Packer/ Importer of packaged commodities.
After 1st January 2021 only online request for Registration of importer of Weights & Measures and Registration of Manufacturer/ Packer/ Importer of packaged commodities shall be entertained.
CBDT has extended the due date for filing income tax returns
The Central Board of Direct taxes has extended the the Due dates for filing income tax returns, tax audit report and VsV application.
Enforcement drives to check the adulteration of commonly used spices
Food Safety Commissioners of all states/UTs directed to conduct an effective enforcement drive to check the adulteration of commonly used spices like haldi, dhaniya, lal mirch powder etc. in wholesale markets and mandis.
IRDAI issues relaxations in Point of Sales
Modified maximum Sum Assured Limit on a single Life for a Non-Linked, Non-Participating Endowment Product is Rs. 25 lakhs(excluding ADB) at insurer level (per insurer).
IRDAI has instructed insurers to provide disclosure of benefit/premium illustration for Health insurance policies issued on floater basis
The benefit illustration shall be made part of the prospectus or sales literature of the product as directed under Consolidated Guidelines on Product filing in Health Insurance Business. Insurers shall also provide customized benefit illustration in the prescribed format in their websites so as to enable the customers to make out the difference while opting for coverage.
