Public Input Sought on Proposed Changes to Cross-Border Electricity Trade Regulations

This draft revision aims to refine the existing regulations governing cross-border electricity trade in India. The draft is titled the Central Electricity Regulatory Commission (Cross Border Trade of Electricity) (Second Amendment) Regulations, 2024. Submissions are due by January 31, 2025.  Comments can be sent via email to secy@cercind.gov.in and shilpa@cercind.gov.in.  

Greenwashing Guidelines Officially in Effect Since October 15, 2024

The corrigendum addresses a potential ambiguity regarding the effective date. By inserting a new sub-paragraph (b) into Paragraph 1 of the guidelines, the CCPA explicitly states: “(b) They shall come into force on the date of its publication.” This definitively establishes October 15, 2024, as the enforcement date.

Additional/ Joint Director of Directorate General of GST Intelligence Headquarters appointed as the nodal officer for the purposes of Integrated Goods and Services Tax Act, 2017

The Central Government vide circular dated 6 January, 2024 has designated the Additional/ Joint Director (Intelligence) of Directorate General of GST Intelligence Headquarters (DGGI-Hq), Central Board of Indirect Taxes and Customs in Department of Revenue, Ministry of Finance, as the nodal officer for the purposes of Integrated Goods and Services Tax Act, 2017.

Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007 – Investment Adviser Certifications Examination

SEBI notifies that an individual investment adviser or principal officer of a non-individual investment adviser, persons associated with investment advice and the partners of an investment adviser being a partnership firm, who are engaged in providing investment advice Shall obtain certification(s) from the National Institute of Securities Markets by passing the NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination.

RBI releases Draft Formats of Financial Statements of Co-operative Banks

The Reserve Bank has undertaken a comprehensive review of the formats of the financial statements of the co-operative banks and has released draft formats of the revised Forms and their schedules together with instructions for the compilation of the balance sheet and profit and loss account.