New Regulations for Consumer Grievances Redressal in Goa and UTs
The Joint Electricity Regulatory Commission (JERC) has announced the Consumer Grievances Redressal Forum and Ombudsman Regulations, 2024, which supersedes the 2019 regulations. Under these new guidelines, every distribution licensee must establish a grievance redressal forum within six months of receiving their license.
Enhancing Karnataka’s Energy Distribution: Smart Module Integration for Digital Meters
The Karnataka Electricity Regulatory Commission (KERC) has introduced guidelines to upgrade existing digital/static energy meters with smart modules, optimizing their functionality and extending their usefulness.
Recent Amendments to the Employees’ Pension Scheme, 2024
The Ministry of Labour and Employment has released notifications dated 14th June 2024, which announce the revised rates of damages applicable to employer defaults under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952.
Delhi GST Second Amendment Act: Important Dates for Compliance
The Finance (Expenditure-I) Department of Delhi has issued a notification regarding the enforcement of provisions under the Delhi Goods and Services Tax (Second Amendment) Act, 2024 (01 of 2024). As per the directive issued on August 28, 2024, by the Lieutenant Governor of the National Capital Territory of Delhi.
Amendments in Delhi GST Notification: Inclusion of Indian Railways
On August 28, 2024, the Finance (Expenditure-I) Department of Delhi issued an important notification bringing crucial amendments to the original state tax provisions, dated June 30, 2017. Exercising powers under the Delhi Goods and Services Tax Act, 2017, the Lieutenant Governor of Delhi, following the Council’s advice, has introduced these changes.
Modalities for migration of Venture Capital Funds registered under erstwhile SEBI (Venture Capital Funds) Regulations, 1996 to SEBI (Alternative Investment Funds) Regulations, 2012
The responsibility for compliance with these regulations rests with the manager, trustee, and key management personnel of the VCF or Migrated VCF. The trustee or sponsor must ensure that the Compliance Test Report, as required by the SEBI Master Circular for AIFs, includes adherence to the provisions of this circular.
SEBI guidelines for borrowing by Category I and Category II AIFs and maximum permissible limit for extension of tenure by LVFs
The amendments provides category I and Category II AIFs may borrow for the purpose of meeting shortfall in drawdown amount.
Consultation paper on streamlining disclosure in respect of appointment of Debenture Trustee (DT) in the offer document
The consultation paper proposes that the debenture trustee agreement shall be made accessible to investors using ‘QR code’ in the offer document for issue of debentures so that appointment of debenture trustee can be disclosed.
Operationalization of Draft Food Safety and Standards Nutraceuticals Regulations, 2022
The FSSAI has re-operationalised the FSS Nutraceuticals Regulations, 2022 and the direction permitting the use of certain additives and enzymes in health supplements from July 1, 2024. It also permits the use of additives and Good Manufacturing Practice (GMP) Table as per Codex in all categories and across all formats.
Re-operationalization of Draft Labelling and Display Amendment Regulations 2022
FSSAI has re-operationalized the provisions of these draft amendment regulations with effect from January 01, 2024. The draft amendment regulations contemplate labelling requirements of the non-retail container, minimally processed food, warning statement related to pan masala, etc. The present re-operationalization is effective from July 1, 2024.
