Income tax (1st Amendment) Rules, 2022
The amendment provides the formulae for computation of income of specified fund attributable to the investment division of an offshore banking unit.
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2022
If the issuer or the promoter or the promoter group or the director of the issuer has settled any alleged violations of securities laws through the settlement mechanism of the Board in the past three years immediately preceding the reference date, then the disclosure of such compliance of the settlement order, shall be made in the offer document.
Securities and Exchange Board of India (Settlement Proceedings) (Amendment) Regulations, 2022
While arriving at the settlement terms, the IC or HPAC or Panel of WTMs may take into consideration any relevant factor as may be submitted by the applicant including the annual income of the applicant, the past and present trading pattern, including the frequency and quantum of trades. Serious violations may also result in additional terms such as disgorgement of management fee or any other terms as may be decided by the IC, HPAC or the Panel of WTMs.
FSSAI allows use of either new or old names of pro-biotic strains
Use of either new or old names of pro-biotic strains is allowed for product packaging till a further order from FSSAI.
New Drugs and Clinical Trials (Amendment) Rules, 2022
The amendment has extended the scope of new drugs to include cell or stem cell derived product. Previously the definition of new drug under the New Drugs and Clinical Trials Rules only included stem cell derived product.
The Central Motor Vehicles (Draft Amendment) Rules, 2022.
The Central Motor Vehicles (Draft Amendment) Rules, 2022 been issued which mandates that vehicles of category M1, manufactured after 1st October 2022, shall be fitted with two side/side torso air bags, one each for the persons occupying front row outboard seating positions, and two side curtain/tube air bags, one each for the persons occupying outboard seating positions
Owners of Electric Vehicles can now charge them at their residence/offices using their existing electricity connections.
Any individual/entity is free to set up public charging stations without the requirement of a license provided that, such stations meet the technical, safety as well as performance standards and protocols laid down under the guidelines as well as norms/ standards/ specifications laid down by Ministry of Power, Bureau of Energy Efficiency (BEE) and Central Electricity Authority (CEA) from time to time.
Ministry of Communication issues notification to declare Reversionary Bonus on the Rural Postal Life Insurance Policies.
The Rate of Bonus for Whole Life Assurance policy shall be Rs. 60 per thousand of sum assured and for Endowment Assurance (EA) (including children policy) it shall be Rs. 48/- per thousand of sum assured and for Anticipated Endowment Assurance (AEA) it shall be Rs. 45/- per thousand of sum assured.
DGFT grants final opportunity for IEC holders to update their IEC details electronically within 31st January 2022.
DGFT has earlier mandated all IEC holders to ensure that details in their IEC is updated electronically every year during April-June period (for which no user charges were to be borne by the IEC holder).
Ministry of Communication declares Reversionary Bonus on the Postal Life Insurance Policies.
The Rate of Bonus for Whole Life Assurance policy shall be Rs. 76 per thousand of sum assured and for Endowment Assurance (EA) (including joint life and children policies) shall be Rs. 52/- per thousand of sum assured and for Anticipated Endowment Assurance (AEA) it shall be Rs. 48/- per thousand of sum assured.
