Income-tax (21st Amendment) Rules, 2021

The amendment allows the Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems), as the case may be, with the approval of the Board, to specify that any of the Forms, …

BSE relaxes timeline for trading members to update mandatory fields for clients

BSE has directed the trading Members to upload the UCC with all the 6 mandatory KYC fields for new clients prior to execution of trade w.e.f. August 01, 2021. With respect to the existing clients, …

PFRDA Launches Instant Verification of Bank Account For Timely Credit of Funds.

The Instant Bank Account Verification by ‘penny drop’ would be adopted by Central Record-Keeping System (CRA), by integrating their IT system and exit framework with the Fin-tech service providers.

PFDRA issues circular on Central KYC Record Registry.

The Government of India has authorized the Central Registry of Securitization and Asset Reconstruction and Security interest of India (CERSAI) to perform the functions of the Central KYC Records Registry under the PML Rules 2005, …

Development of Small Scale Industries under Aatma Nirbhar Bharat Abhiyan.

The Ministry has granted Rs 20,000 crore Subordinate Debt for Micro Small & Medium Enterprises(MSMEs) and 3 lakh crores Collateral free Automatic Loans for business and has revised criteria for classification of MSMEs by including …

MSME developments and Access to Global Markets.

The Ministry has implemented International Cooperation Scheme (ICS) facilitating participation of the MSMEs in International Exhibitions, Trade Fairs, Buyer-seller meets, etc. and various other schemes are being implemented by the Ministry to help MSMEs expand …

IBBI issues standard and uniform limits for monetary penalties to be imposed by an Insolvency Professional Agencies

The circular intends to ensure that the IP agencies will have the flexibility to impose a graduated system of penalties, where minor non-compliances will result in monetary fines, and major violations will result in expulsion …

FSSAI re-operationalizes the Food Safety and Standards (Food Product Standards and Food Additives) Amendment Regulations, 2020

FSSAI is in the process of considering the public comments on the draft regulations and finalizing the same. Meanwhile, FSSAI has re-operationalized the amendment for addressing the safety issue identified in the recent quality and …

ESI benefits extended to casual and contractual employees of Municipal Corporations/Council at NCT Delhi

Employees’ State Insurance Act, 1948 to be applicable to the establishments like Municipal Corporations/ Council, established under Central/ State legislation located in the areas in the National Capital Territory of Delhi where Employees’ State Insurance …

ESI coverage for all employees in all the areas of Madurai district

All employees in factories or establishments in all the areas of Madurai district in the State of Tamil Nadu shall be given ESI coverage w.e.f 1st day of August, 2021.

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