Delhi GST Rules amended to provide the manner in which value of supply of lottery shall be determined
The value of supply of lottery shall be deemed to be 100/128 of the face value of ticket or of the price as notified in the Official Gazette by the Organizing State, whichever is higher.
Food Safety and Standards (Import) First Amendment Regulations, 2020
In case of imported pre-packaged retail food article, the Authorized Officer after successful completion of visual inspection and sampling, may issue a provisional no objection certificate in Form 13A to move the food consignment to a well equipped storage facility.
RBI Reviews regulatory framework for Housing Finance Companies (HFCs)
HFCs are exempted from section 45-IB (prescribing maintenance of percentage of assets) and section 45-IC (prescribing Reserve fund) of the Reserve Bank of India Act.
RBI has issued Framework for Recognition of a Self-Regulatory Organization for Payment System Operators
Interested groups / association of PSOs (banks as well as non-banks) seeking recognition as an SRO may apply to the Chief General Manager complying with the instructions laid down in the Framework.
SEBI brings in new framework for recovery expenses fund
The issuers of listed or proposed to be listed debt securities would have to deposit 0.01% of the issue size or maximum of Rs 25 lakh towards creation of recovery expense fund.
Regulatory measures introduced by SEBI to continue till 26th November 2020.
To cut excessive speculation in stock futures and options, Sebi had cut the market wide positions limits (MWPL) in these contracts to 50 percent in a phased manner.
FSSAI extends the last date for mandatory food safety audit of food businesses holding central license.
Under the Food Safety and Standards (Food Safety Auditing) Regulations, 2018 the FSSAI has prescribed mandatory audits for food businesses holding Central Licenses and falling under the high risk categories.
SEBI issues framework for processing of an application for registration of AIFs.
The applications wherein Investment Committee proposed to be constituted to approve investment decisions of AIF includes external members who are ‘resident Indian citizens’, shall be duly processed.
RBI Committee notifies on streamlining QR Code infrastructure.
The Reserve Bank shall continue a consultative process to standardize and improve interoperable QR codes so as to enable beneficial features identified by the Phatak Committee.