Companies (Indian Accounting Standards) Amendment Rules, 2021
To enable users of financial statements to understand the effect of interest rate benchmark reform on an entity‘s financial instruments and risk management strategy, an entity shall disclose information about, the nature and extent of risks to which the entity is exposed arising from financial instruments subject to interest rate benchmark reform, and how the entity manages these risks.
Actuaries (Procedure for Inquiry of Professional and Other Misconduct) Amendment Rules, 2021
The amendment provides that in case of complaint of misconduct of actuaries, the Director shall form prima facie opinion as to whether the member or the firm is guilty or not of any professional or other misconduct. In case the Committee disagrees with the prima facie opinion referred to, it shall either submit its report to the Council while recording the reasons for its disagreement or advise the Director to make further inquiry into the complaint, who shall, after making such further inquiry, place the matter before the Committee.
NSE guidelines in case of switchover of trading system to Disaster Recovery (DR) Site
In case of contingency observed at the primary site, the Exchange may have to shift its operation from primary site to DR site. Members may note that no changes are required to be made at their end for connecting to Primary/DR site for Order Matching Platform, Negotiated Trade Reporting Platform & Tri-Party Repo Market Platform.
IBBI invites comments from the public on the regulations
IBBI has invited comments from the public, including the stakeholders on the regulations already notified under the Code till date. The comments received between 17th June, 2021 and 31st December, 2021 shall be processed together and following the due process, regulations will be modified to the extent considered necessary. It will be the endeavor of the IBBI
to notify modified regulations by 31st March, 2022 and bring them into force on 1st April, 2022.
ESIC notifies the eligibility conditions under ESIC COVID-19 RELIEF SCHEME.
The minimum relief under the scheme shall be Rs 1800/- per month.
SEBI issues Framework for administration and supervision of Investment advisers.
All SEBI registered IAs shall submit periodic reports to IAASB in such manner as may be specified by IAASB.
SEBI modifies norms on investment and disclosure by Mutual Funds in Derivatives.
Based on the modified norms, the Mutual Funds may enter into plain vanilla Interest Rate Swaps (IRS) for hedging purposes. The value of the notional principal in such cases must not exceed the value of respective existing assets being hedged by the scheme.
Quality Council of India launches the Indian Certification of Medical Devices (ICMED) Plus Scheme.
The scheme – ICMED 13485 PLUS – has been designed to integrate the quality management system components and product-related quality validation processes through witness testing of products with reference to the defined product standards and specifications.
MoHFW issues Guidelines for Management of COVID-19 in Children.
Every COVID care facility should have a multidisciplinary hospital infection control committee.
The Companies (Creation and Maintenance of databank of Independent Directors) Amendment Rules, 2021.
An institute shall create and maintain a databank of persons willing and eligible to be appointed as independent directors, and such databank shall be an online databank which shall be placed on the website of the institute.
