IFSC issues Guidelines for execution of block deals on the Bullion Exchange
The IFSC has deemed it necessary to enable a mechanism for execution of large trades in gold in a single transaction without putting either the buyer or the seller in a disadvantageous position. In order to facilitate execution of such large trades, the Bullion Exchange is being permitted to provide a separate trading window for this purpose.
CBDT issues Corrigendum to its earlier Circular on Finance Act, 2022
It may be recalled that the CBDT had issued a Circular dated 03.11.2022 putting forth the Explanatory notes to the Finance Act, 2022. These explanatory notes explained the amendments made in direct tax laws vide the Finance Act, 2022. The present circular revises the previous circular.
MoHFW publishes its report on Raktdaan Amrit Mahotsav
Ministry of Health and Family Welfare had launched Raktdaan Amrit Mahotsav on 17th September 2022, the drive witnessed an extensive participation from the donors. During the 15 day drive, 11,868 camps were approved and 4,19,642 donors registered for voluntary blood donations.
Clarification regarding the new procedure for applying for initiating corporate insolvency resolution process online
A step-by-step guide for submission of the application is provided. On submission of the application online, the applicant shall get an acknowledgment.
EPFO publicizes the process of joint option which can be submitted online till 03rd May, 2023
The online joint (employee and employer) option form with the necessary documents has been hosted by EPFO in the unified portal for contributing on higher salary to the EPS-95.
Special marketing campaign by Small Farmers’ Agri-Business Consortium
Under the campaign SFAC aims to promote buying directly from FPO (Farmer Producer Organisation) farmers with the aim of supporting small & marginal farmers of the country.
Karnataka State Building and Other Construction Workers Welfare Board directed to file return of income
This notification shall be deemed to have been applied for the financial year 2020-2021 (for period from 01- 06-2020 to 31-03-2021) and for the financial year 2021-2022 and shall be applicable with respect to the financial years 2022-2023, 2023-2024 and 2024-2025.
FSSAI deploys Food Safety on Wheels to check Milk Adulteration
The notice indicates that FSSAI has deployed 168 Food Safety on Wheels (FSWs) mobile food testing labs across the country. These mobile labs will be testing various food products including milk and milk products. The testing facility shall be carried out free of cost and shall be monitored by the respective jurisdictional designated officer at the end of every month.
Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2023
The Amendment Regulations state that every recognised stock exchange and recognised clearing corporation shall abide by the Code of Conduct as specified under Part-A of Schedule-II of these regulations.
Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2023
The Amendment Regulations, inter alia, have now defined the term “non-independent director” to mean “a director elected or nominated by the shareholders who are neither depository participants nor their associates and agents”. Furthermore, the Amendment Regulations also state that the employee of a depository shall not simultaneously be an employee of any other company where the depository has invested.
