MCA extends implementation of mandatory audit trail of companies’ accounts till 1st April 2022.
MCA has extended the date of implementation of rule 3(1) making it mandatory for companies using accounting software for maintaining their books to use software that allows to record audit trail of each and every transaction till 1st April 2022
RBI issues guidelines on Regulation of Payment Aggregators and Payment Gateways.
The guidelines seek to regulate the activities of online PAs while providing baseline technology-related recommendations to PGs and it shall be applicable to online PAs and PGs and also to e-commerce marketplaces that are undertaking direct payment aggregation; e-commerce marketplaces availing the services of a PA shall be considered as merchants.
RBI extends timeline for processing of recurring online transaction.
RBI extended the timeline for processing recurring online transactions to 30th September 2021, from March 2021.
MCA notifies Companies (Audit and Auditors) 2nd Amendment Rules, 2021.
The Amendment is brought under rule 11 which specifies other matters to be included in auditor’s report.
SEBI issues guidelines pertaining to surrender of FPI Registration.
DDP shall ensure that all the accounts (including bank account and securities account) held by the applicant in the capacity of FPI are closed and the CP code is deactivated within 10 working days from the date of receipt of NOC from SEBI.
MoRTH exempts vehicles carrying oxygen from permit till 30th September 2021.
The Ministry of Road Transport has extended the exemption from permit requirement for transport vehicles carrying oxygen cylinders during COVID-19 pandemic till 30th September 2021.
The Faceless Appeal (Amendment) Scheme, 2021.
The Amendment is brought under paragraph 2 which has defined the term National Faceless Assessment Centre which means the National e-Assessment Centre set up under the scheme notified under sub-section (3A) of section 143 of the Act or the National Faceless Assessment Centre referred to in section 144B of the Act, as the case may be.
SEBI decides to reduce the timeline for refunding investors’ money.
SEBI has decided to reduce the timelines for refund of investors’ money to four days in case of non-receipt of minimum subscription and the issuer failing to obtain listing or trading permission from the stock exchanges.
DGFT extends the date of implementation of Track and Trace System in Pharma exports till 1st April 2022.
The Pharmaceutical had earlier represented to the Commerce Department on the difficulties expressed by its member exporters with respect to the implementation of track and trace and had requested for an extension of timeline.
The Bill of Entry (Forms) Amendment Regulations, 2021.
The Amendment is brought under regulation 4 (1a) which notifies that in case of a customs port at which goods are to be cleared for home consumption or warehousing, the authorised person shall file the bill of entry before the end of the day (including holidays) preceding the day on which the vessel carrying the goods arrives at the customs port.
