RBI allows Interoperable Card-less Cash Withdrawal (ICCW) at ATMs.
Card-less cash withdrawal through ATMs is a permitted mode of transaction offered by a few banks in the country on an on-us basis (for their customers at their own ATMs). The absence of need for a card to initiate cash withdrawal transactions would help in containing frauds like skimming, card cloning, device tampering, etc.
IRDAI notifies circular on Motor Insurance Advertisements by General Insurers.
General Insurance Companies enter into service agreements with motor workshops/garages for the purpose of providing motor insurance claim services for repair of accident vehicles.
DGFT notifies amendment in the export policy of Bamboo Charcoal.
All the Bamboo Charcoal made from Bamboo obtained from legal sources are permitted for export subject to proper Documentation / Certificate of Origin (COO) proving that the bamboo used for making charcoal has been obtained from legal sources.
The Bureau of Energy Efficiency (Particulars and Manner of their Display on Labels of Electric Ceiling Type Fans) Regulations, 2022.
Every permittee, trader and seller shall comply with the energy consumption standards for electric ceiling type fan and affix label only on such model of electric ceiling type fan for which permission has been granted.
The Micro, Small and Medium Enterprises Development (Furnishing of Information) (Amendment) Rules, 2022.
All micro, small and medium enterprises shall furnish the information relating to their enterprise to the Government in the Form as prescribed in the MSME (Furnishing of Information) Rules, 2016.
Directions for Higher Educational Institutions offering full-fledged online programs
It shall be the sole responsibility of the HEI to ensure that programs offered in full-fledged Online mode strictly abide to All the provisions of UGC.
SEBI issues revised process for rights issue
It is decided that there should be a minimum gap of three working days between last date of REs trading date and issue closure considering two days for settlement and one additional day for investor to make application in Rights.
Revised manner of preparation and submission of security cover certificate by Debenture Trustee
Debenture trustee on quarterly basis shall certify the market value of assets based on the due diligence carried out by it or its appointed agencies and shall submit the security cover certificate as per revised format provided in this circular. Debenture Trustee shall certify the security cover in respect of the secured debt securities, to the extent charged held by it.
RBI clarification regarding New Definition of Micro, Small and Medium Enterprises
It is clarified that the existing Entrepreneurs Memorandum (EM) Part II and Udyog Aadhaar Memorandum (UAM) of the MSMEs obtained till June 30, 2020 shall remain valid till June 30, 2022 for classification as MSMEs.
