Employers shall deposit the damages and interest for delayed remittance on EPFO unified portal
The Employees Provident Fund Organisation vide its notification dated 4th February 2020 has issued a provision to knock off the auto calculated challans for damages and interest amount under section 14b and 7Q with miscellaneous challans. Employers shall deposit the damages and interest for delayed remittance on EPFO unified portal.
Investors can directly access infrastructure of recognized stock exchanges in Mutual Fund
The Securities and Exchange Board of India in its notification dated 26th February, 2010, has allowed investors to directly access the infrastructure of stock exchanges for purchasing and redeeming mutual fund units straight from mutual fund and asset management companies.
ESIC directs the payment of benefit claims to IPs/beneficiaries in camp mode
The Employees State Insurance Corporation vide its Circular dated 20th February 2020 has issued directions to make payment of benefit claims to insured persons, beneficiaries and settlement of pending bill of channel through camp mode.
CBIC begins collection of district-wise data on origin of export goods
The Central Board of Indirect Taxes and Customs in its press release dated 17th February 2020 discloses the measures to accomplish governments aim to turn districts into export hubs by capturing district-wise data on origin of export goods and to feed the same into national level trade policy making.
FSSAI Issues direction regarding the display of date of manufacturing and best before date on non-packaged sweets from 1st June
Food business operators dealing in sweets to display the date of manufacturing and best before date of the products. The direction shall be effective from 1st June 2020.
EPFO to conduct inquiries through e-court software
The Employees’ Provident Fund Organisation in its circular dated 17th February 2020 has informed that the EPFO e-court system shall be linked with the EPFO unified portal within next 2-3 months.The EPFO e-court management service was launched in May, 2017 conceptualizing paperless quasi-judicial proceedings in EPFO and to bring transparency and e-monitor Cases under Section 7A, 7B, 7C, 7Q, 14B.
Rajasthan Pollution Control Board issues timeline and processing fee for authorization of hazardous waste
The Rajasthan State Pollution Control Board vide its Notification dated 18th February, 2020, has imposed processing fee for applications for authorization/one time authorization under the Hazardous and Other Wastes [Management & Transboundary Movement) Rules, 2016.
Ministry of Environment proposes to amend the provision relating to scoping under Environmental Impact Assessment
The Ministry of Environment , Forest and Climate Change vide its notification dated 17th February 2020 has notified the amendment to the process of scoping under Environmental Impact Assessment. A timely process is established for scoping.
MCA publishes the Companies (Auditor’s Report) Order 2020
The Ministry of Corporate Affairs vide Notification dated 25.02.2020 has issued the Companies (Auditor’s Report) Order 2020 in Supersession of Companies (Auditor’s Report) Order 2016. It shall come into force on the date of publication and shall govern the Audits from FY 2019-20 onwards.
SEBI reviews Margin Framework for Cash and Derivatives segments
The Securities and Exchange Board of India vide in its Circular dated 24th February 2020 has reviewed the margin framework for cash and derivatives segments, in order to bring more efficiency in the risk management system. This notification shall be effective from 1st May 2020. Under the margin framework for derivatives, SEBI has reviewed on volatility calculation, scan range on price and volatility, calendar spread charge, minimum charge on short option, extreme loss margin and margin on consolidated crystallized obligation.
