Income-tax (Second Amendment) Rules, 2023
The Central Board of Direct Taxes (CBDT) has issued the Income-tax (Second Amendment) Rules, 2023. These Rules seek to further amend the Income-tax Rules, 1962. These Rules were issued on 14th February, 2023. These Rules were issued on 14th February, 2023.
FSSAI de-recognises and de-notifies in-house testing laboratories of FBOs
FSSAI has initiated the process of de-notification of all such laboratories. Accordingly, the Food Authority has de-notified the in-house laboratories of ‘M/s ITC Foods Pvt Ltd ’Agri Business Division – ILTD, Spices Laboratory, Guntur’ and ‘Nutralytica Research Private Limited, Nashik on 18th October, 2022.
FSSAI issues an updated list of Recognised Food Testing Laboratories
The present list includes the validity of the laboratories’ NABL accreditation, scope of testing as on 15th February, 2023 for the purpose of carrying out the analysis of food samples taken under the Food Safety and Standards Act, 2006 and Rules and Regulations made there under.
RBI introduces FCRA related transaction code in NEFT and RTGS Systems
The Reserve Bank of India (RBI) has issued a notification introducing Foreign Contribution (Regulation) Act (FCRA) related transaction code in NEFT and RTGS Systems. This notification was issued on 16th February, 2023. Member banks should incorporate necessary changes in their core banking / middleware solutions to capture the requisite details while forwarding the foreign donations through NEFT and RTGS systems to SBI. These instructions will be effective from 15th March, 2023.
RBI issues FAQs on Digital Lending Guidelines
The Reserve Bank of India (RBI) has issues Frequently Asked Questions (FAQs) on Digital Lending Guidelines. The Guidelines on Digital Lending were issued on 2nd September, 2022. The present notification lists out a total of 18 FAQs.
SEBI publishes Issue Summary Document (ISD)
The SEBI vide circular dated February 15, 2023 has issued an Issue Summary Document (ISD) has been designed. It has been decided to introduce the ISD for the following, in XBRL (Extensible Business Reporting Language) format:i. public issue of specified securities (initial public offer / further public offer);ii. further issues {preferential issue, qualified institutions placement (QIP), […]
Panel of Insolvency Professionals for NCLT Delhi
The Insolvency and Bankruptcy Board of India has issued Panel of Insolvency Professionals for NCT Delhi for appointment as,– Interim Resolution Professional (IRP) in a Corporate Insolvency Resolution Process (CIRP) under section 16(4),– Liquidator in a liquidation process under section 34(6),– Resolution Professional (RP) in an individual insolvency resolution process under section 97(4) or 98(3), […]
Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2023
SEBI on 14th February, 2023 has issued the Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2023. The amendment provides that “Independent director” in case of a Real Estate Investment Trusts company means a director, other than a nominee director of the investment manager: (i) Who, in the opinion of the Board […]
Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2023
SEBI on 14th February, 2023 has issued the Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2023. The amendment provides that “Independent director” in case of a Infrastructure Investment Trust company means a director, other than a nominee director of the investment manager: – (i) who, in the opinion of the Board […]
