Consultation paper on proposed IFSCA (Finance Company) (Amendment) Regulations, 2022

FC/FU intending to undertake any of the non-core activity (ies) in IFSC, shall be subject to the provisions of the respective Framework / Guidelines as specified by the Authority for that particular activity. Also, an entity carrying out multiple permissible activities under the FC regulations will have to maintain the higher of the minimum capital / owned funds / net worth prescribed for each individual activity, subject to the compliance with the respective Frameworks / Regulations governing such activities.

CBDT directions for eligible investment funds

Eligible investment fund registered under sub-section (8A) of section 9A of the Act shall not carry on, or participate in, the day to day operations of any person in India and for this purpose the monitoring mechanism to protect the investment in such person including the right to appoint directors or executive director shall not be considered as participation in day to day operations of such person in India.

Jute Bags (Quality Control )Order, 2022

The order mandates that Jute bags shall conform to the corresponding Indian Standards and shall bear the Standard Mark under a license obtained from the Bureau of Indian Standards (BIS) as per Scheme-I of Schedule-II of BIS (Conformity Assessment) Regulations, 2018.