The International Financial Services Centres Authority (Fund Management) Regulations, 2022.
As per the regulation, an entity intending to undertake the business of fund management, shall obtain a certificate of registration from the Authority as a FME (Fund Management Entity) and shall manage different types of funds and schemes subject to meeting the eligibility criteria.
RBI notifies master direction for issuance of credit cards.
These directions cover the general and conduct regulations relating to credit, debit and co-branded cards which shall be read along with prudential, payment and technology & cyber security related directions applicable to credit, debit and co-branded cards, as issued by the Reserve Bank.
RBI extends the guidelines on legal entity identifier (LEI) to Primary (Urban) Co-operative Banks (UCBs) and Non-Banking Financial Companies (NBFCs).
Borrowers who fail to obtain LEI codes from an authorized Local Operating Unit (LOU) shall not be sanctioned any new exposure nor shall they be granted renewal/enhancement of any existing exposure.
Government of Tamil Nadu has notified the rate of interest of general provident fund for the FY2022-23.
The Government of India, in its fifth resolution, announced that during the Financial year 2022-2023, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.1% (Seven point one percent) with effect from 1st April 2022 to 30th June -2022(Q1).
Government of Punjab issues advisory on wearing of masks.
According to the advisory issued by the Department of Home affairs, wearing of masks should be ensured in closed environments such as in buses, trains, aircrafts, cinema halls, shopping malls, departmental stores, offices and classrooms etc.
Government of Tamil Nadu notifies draft rules on Occupational Safety, Health and Working Conditions.
The employer of every establishment being factory, building or other construction work or relating to contract labour, shall within thirty days of the commencement or cessation of operation, submit to the Registering Officer in FORM II, electronically and the notice of cessation of operation shall be enclosed with a certificate that the payment of all dues to the workers employed in the establishment have been made and the premises are kept free from storage of hazardous chemicals and substances.
Plant Quarantine (Regulation of Import into India) (First Amendment) Order, 2022
Phytosanitary Certificate for import of plants shall declare that the tissue culture plants were obtained from mother stock tested
and maintained free from any virus.
General Revision of Property Tax in Chennai City
The basic street rate for Private Educational Institutions including Self Finance Courses/ Departments in Government aided institutions shall be calculated at 1.6 times of the existing residential basic street rate.
