Important Notice: Holiday for Panchayat Elections 2024
In accordance with the Representation of the People Act, 1951, the Governor of Tripura has declared a closure for all government offices, Magisterial Courts, educational institutions, financial institutions, and other establishments on August 8, 2024 (Thursday) in areas where the Panchayat Elections 2024 are scheduled.
EPFO SOP 2024: New Guidelines for Handling Transaction-less and Inoperative Accounts
The Employees’ Provident Fund Organization (EPFO) has introduced new procedures to enhance the management of transaction-less and inoperative accounts, effective August 2024.
Ensuring Timely Determination of ESI Contributions: A Call for Compliance
The Employees State Insurance Corporation (ESIC) has issued a critical reminder for timely determination of contributions under the ESI Act, 1948. Recent observations indicate that some regional offices (ROs) and sub-regional offices (SROs) have issued orders beyond the five-year limit, leading to legal challenges and unnecessary litigation.
Enhancing Cybersecurity in Financial Services: Best Practices
In today’s digital era, the financial sector is increasingly targeted by cyber threats due to its handling of sensitive data. The integration of technologies like cloud storage, application programming interfaces (APIs), mobile applications, and artificial intelligence (AI) presents both opportunities and cybersecurity challenges.
Enhanced Coal Quality Assurance through Independent Sampling
On July 31, 2024, PIB Delhi reported that to address consumer concerns about coal quality, the Ministry of Coal issued a Standard Operating Procedure for Third Party Sampling and Analysis at the loading point on November 26, 2015.
Consultation Paper on Review of Regulatory Framework for Investment Advisers and Research Analysts
The objective of this consultation paper is to seek comments from public on proposals intended to put in place a conducive regulatory framework for Investment Advisers registered with SEBI (‘IAs’) and Research Analysts registered with SEBI (‘RAs’) by simplifying, easing and reducing the registration requirements and cost of compliance for IAs and RAs and bringing in regulatory changes commensurate with the continually evolving nature of their businesses, through amendments/ clarifications to the Securities and Exchange Board of India (Investment Advisers) Regulations, 2013 (‘IA Regulations’) and Securities and Exchange Board of India (Research Analysts) Regulations, 2014 (‘RA Regulations’).
SEBI revises the board nomination rights to unitholders of REITs and InvITs
Eligible Unit holder(s) shall be entitled to nominate only one Unit holder as Nominee Director except in cases where nominee director is appointed in terms of clause (e) of sub-regulation (1) of regulation 15 of the SEBI (Debenture Trustees) Regulations, 1993.
Clarification regarding Schemes for accelerating the adoption of electric vehicles
The Ministry of Heavy Industries (MHI) formulated a Scheme namely; Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme in 2015 to promote adoption of electric/ hybrid vehicles (xEVs) in India. This phase of FAME India Scheme had four focus areas i.e. technological development, demand generation, pilot project and charging infrastructure components. This phase-II mainly focused on supporting electrification of public & shared transportation.
Clarification on Income Tax Reliefs provided to Cooperative Societies
The Central Government, in order to realize the vision of ‘Sahakar se Samriddhi’ has taken steps to provide relief to the Cooperative Societies which includes reduction of tax on various activities and increasing the threshold for TDS on cash withdrawal by them.
Trade Connect ePlatform being setup to connect Indian Exporters, MSMEs and Entrepreneurs
The Government has initiated the creation of Trade Connect ePlatform to connect Indian Exporters, MSMEs and Entrepreneurs with various stakeholders including Indian Missions Abroad, Export Promotion Councils, and other Partner Government Agencies. The platform will provide information on trade events taking place in different parts of the world, benefits available due to India’s Free Trade Agreements (FTAs) and other international trade related information and data.
