SEBI clarification regarding Execution of ‘Demat Debit and Pledge Instruction’ (DDPI) for transfer of securities
It is clarified that the client may use the DDPI or opt to complete the settlement by issuing physical Delivery Instruction Slip (DIS) or electronic Delivery Instruction Slip (eDIS) themselves.
Companies (Indian Accounting Standards) Amendment Rules, 2022
An entity shall apply Annual Improvements to Ind AS (2021) to financial liabilities that are modified or exchanged on or after the beginning of the annual reporting period in which the entity first applies the amendment. An entity shall apply that amendment for annual reporting periods beginning on or after 1st April, 2022.
DGFT extends implementation date of track and trace for parent-child packaging to 31st March 2022.
All drugs manufactured by SSI or non SSI units and having manufacturing date after 01.04.2022 can be exported only if both tertiary and secondary packaging carry barcoding as applicable and the relevant data as prescribed by DGFT is uploaded on the Central Portal.
UGC issues notice on Submission of legacy cases data on UGC Scholarship and Fellowship Management Portal (SFMP).
UGC has enabled the option to feed in the data of legacy cases on UGC scholarship and fellowship management portal (SFMP) from 1st April 2022 to 30th April 2022.
Fertilizer (Inorganic, Organic or Mixed) (Control) Second Amendment Order, 2022
Fertilizer (Inorganic, Organic or Mixed) (Control) Second Amendment Order, 2022 to include both manufacturers and importers under the scope of the order.
IRDAI extends the timelines for Dispensing with Physical documents and wet signature on the proposal form in respect of health insurance policies.
Due to covid-19 pandemic, IRDAI allowed health and general insurance companies to continue issuing health insurance policies in electronic form and without insisting on a physically signed proposal form till March 31, 2022 which has now been extended till 30th September 2022.
Income-tax (6th Amendment), Rules, 2022.
As per rule 21AAA, where a specified person has income accrued in a specified account or accounts, during a previous year relevant to any assessment year beginning on or after the 1st day of April, 2022, such income shall, at the option of the specified person, be included in his total income of the previous year relevant to the assessment year in which income from the said specified account or accounts is taxed at the time of withdrawal or redemption, as the case may be, in the notified country.
The Bihar Urban Planning and Development (Amendment) Act, 2022.
Through this amendment, the application under section 47 for area development scheme has been substituted.
Provisions of ESIC Act extended to Nagapattinam district in the State of Tamil Nadu
These provisions shall commence w.e.f 1st April, 2022.
Master Circular for consolidating prudential guidelines on Basel III capital adequacy issued to banks
Basel III reforms are the response of Basel Committee on Banking Supervision (BCBS) to improve the banking sector’s ability to absorb shocks arising from financial and economic stress, whatever the source, thus reducing the risk of spill over from the financial sector to the real economy.
