DGFT notifies new online module for filing of application for recognition as Pre-Shipment Inspection Agency with effect from 1st May 2022.
The online process shall not be mandatory in the initial period of go-live and the PSIAs as well as the importers are provided time till 30.06.2022 to onboard and familiarise with the said online process. All PSICs shall be mandatorily generated online through the DGFT Website w.e.f. 01.07.2022. PSICs dated on or after 01.07.2022 not generated using the DGFT online systems may not be accepted by the Indian Customs Authorities.
IFSCA notifies guidance framework on Sustainable and Sustainability linked lending by financial institutions.
An entity licensed/registered post issuance of this framework shall get a time period of 12 months, from the date of commencing its operations, to put in place a Board approved policy. The lending target shall be applicable from the beginning of the new financial year, post adoption of the Board approved policy.
IRDAI notifies the new mechanism for processing application for registration of new insurers.
The new process would bring down the turnaround time for incorporation of a new entity for insurance related activity and for grant of Certificate of Registration to commence insurance business. The new process would help global and domestic investors to invest with ease in insurance sector and thus contribute to the increase of penetration of insurance, more particularly the under-served population.
SEBI issues master circular on Infrastructure Investment Trusts (InvITs).
The Master Circular is a compilation of relevant circulars issued by SEBI up to March 31, 2022 which are operational as on date of this circular. Circulars providing temporary relaxations with regards to certain compliance requirements for InvITs in the wake of the COVID-19 pandemic has not been included in the master circular.
Advisory to all Private Satellite TV channels for adherence to Cable Television Networks (Regulation) Act, 1995
The Government through the circular expresses serious concern about the manner in which the television channels have gone about their operations in the matter of transmitting content and are hereby strongly advised to immediately refrain from publishing and transmitting any content which is violative of the aforementioned provisions of The Cable Television Networks (Regulation) Act, 1995 and the rules thereunder.
