IFSCA directions to Payment Service Providers
Auditor’s certificate of Net worth of PSP and Auditor’s certificate on Maintenance of
Balance in Escrow Account/s shall be submitted by a PSP in physical form or in soft copy form with the Unique Document Identification Number (UDIN) and the same shall be addressed to the Chief General Manager, Division of Payment and Settlement, Department of Banking, International Financial Services Centres Authority.
Guidelines for utilization of office space or manpower or both by Finance Company(ies)/ Unit(s) undertaking ship leasing activity in IFSC
The new guidelines, issued by the International Financial Services Centres Authority (IFSCA), provide a framework for finance companies registered for ship leasing to share office space or manpower with other entities under specific conditions. These rules offer practical solutions to operational challenges and promote efficient resource utilisation, contributing to the growth of the ship leasing industry in India.
IFSCA consultation paper on Principles to Mitigate the Risk of Greenwashing in ESG Labelled Debt Securities in the IFSC
Comments on the draft circular may be sent by email to Mr. Abhineet Panwar, Assistant Manager, IFSCA at abhineet.panwar@ifsca.gov.in and Mr. Chintan Panchal, Manager, IFSCA at chintan.panchal@ifsca.gov.in with a copy to Mr. Pavan Kishor Shah, General Manager, IFSCA at pavan.shah@ifsca.gov.in latest by October 25, 2024.
Exciting News for the Indian Tea Industry: Launch of the Tea Development & Promotion Scheme
The Tea Board on October 3rd 2024 notified regarding the Announcement of the Tea Development & Promotion Scheme (TD&PS)
Strengthening Cybersecurity: CERT’s New Recommendations for Auditing Organizations
the Computer Emergency Response Team (CERT) announced vital recommendations aimed at enhancing the cybersecurity audit ecosystem for empanelled auditing organizations.
MoEF&CC Issues Draft Liquid Waste Management Rules 2024
The Ministry of Environment, Forest and Climate Change notified the Draft Liquid Waste Management Rules 2024 The rules apply to both urban and rural local bodies, as well as all public authorities involved in wastewater management.
West Bengal Issues Clarification on Input Tax Credit for Demo Vehicles
This circular clarifies critical issues surrounding the GST treatment of demo vehicles, their use in business operations, and the implications for authorized dealers.
West Bengal Issues Latest Trade Circular on Advertising Services to Foreign Clients
The clarifications in respect of advertising services provided to foreign clients. This clarification is especially relevant for businesses navigating the complexities of the Goods and Services Tax (GST) framework.
Revised Minimum Wage Rates in Bihar
The Government of Bihar has announced revised minimum wage rates set to take effect from October 1, 2024
Towards a Sustainable Power Future: Karnataka Intra-State Deviation Regulations
the Karnataka Electricity Regulatory Commission (KERC) took a significant step toward enhancing the efficiency and stability of the state’s electricity grid by issuing the Draft Karnataka Electricity Regulatory Commission (Intra-State Deviation Settlement Mechanism and Related Matters) Regulations, 2024
