Securities and Exchange Board of India (Underwriters) (Repeal) Regulations, 2021
The Securities and Exchange Board of India (Underwriters) Regulations, 1993 is repealed by this regulation and the certificate of registration granted to any person under the Securities and Exchange Board of India (Underwriters) Regulations, 1993 shall deemed to be surrendered.
Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 2021
The amendment provides that every merchant banker acting as an underwriter shall enter into an agreement with each body corporate on whose behalf it is acting as an underwriter.
The CBDT has relaxed the timeline for conducting income tax assessment
The CBDT has relaxed the timeline to complete the assessment under income tax act and to serve on the assessee a notice requiring him to furnish a return of his income or the income of any other person in respect of which he is assessable under this Act during the previous year.
Commencement date of Central Motor Vehicles (Seventh Amendment) Rules, 2020
The new amendment provides for using safety glass or safety glazing material while making windscreen and window glass of every motor vehicle.
Prudential Guidelines for Bilateral Netting of Qualified Financial Contracts
The amended guidelines in the light of The Bilateral Netting of Qualified Financial Contracts Act, 2020 has notified (a) “derivatives”; and (b) “repo” and “reverse repo” transactions as defined Reserve Bank of India Act, 1934 as a QFC.
The Copyright (Amendment) Rules, 2021
A copyright society must ensure that where the royalty cannot be distributed within the time specified as the relevant author or other owner could not be identified or located; such royalties are kept separate in the accounts of the copyright society. In case the royalty due to author and other owners remains undistributed at the end of the period of three years from the end of the financial year in which collection of the royalty occurred, the copyright society shall transfer such amount to the welfare fund of the copyright society.
The new Covid guidelines
The new guidelines provides for following restrictions to be followed at workplaces: Encouragement of Work from Home, Staggering of work, Social distancing, Periodic sanitation, Hygiene measures, thermal scanning and screening of symptomatic patients.
Bill of Entry (Electronic Integrated Declaration and Paperless Processing) Amendment Regulations, 2021
In case of a customs port (other than inland container depot and air freight station) at which goods are to be cleared for home consumption or warehousing, the authorized 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.
Kerala PCB issues Standard Operating Procedure for rendering plants
Rendering plants shall have consent to operate from PCB under red category to operate. Minimum distance from plant to nearest residential area shall be 100 meters.
Kerala PCB issues Standard Operating Procedure for monitoring of noise level of industries
The SOP suggests to Adopt proper town planning practices like zoning areas into residential, commercial and industrial area and segregation of the same.
