RBI notifies the Framework for Compliance Function and Role of Chief Compliance Officer in Primary (Urban) Co-operative Banks (UCBs).
The Compliance Function shall ensure strict observance of all statutory and regulatory requirements for the UCB, including standards of conduct, managing conflict of interest, treating customers fairly and ensuring the suitability of customer service.
SEBI notifies framework on Social Stock Exchange.
All Social Enterprises (SEs) will have to provide duly audited Annual Impact Report (AIR) to SSE within 90 days from the end of Financial Year. The AIR shall capture the qualitative and quantitative aspects of the social impact generated by the entity and where applicable, the impact that is generated by the project or solution for which funds have been raised on SSE.
SEBI issues circular on Validation of Instructions for Pay-In of Securities from Client demat account to Trading Member (TM) Pool Account against obligations received from the Clearing Corporations.
Under this framework, the Depositories, prior to executing actual transfer of the securities for Pay-In from client demat account to TM Pool account, shall validate the transfer instruction received through any of the available channels for the purpose of Pay-in, i.e. either initiated by clients themselves or by the Power of Attorney (POA) / Demat Debit and Pledge Instruction (DDPI) holder against the client-wise net delivery obligation received from clearing corporation (CC)
NSE Consolidated Circular for compliances
This facilitates members to comply with the regulatory requirements and have access to the applicable circulars at one place.
Atomic Regulatory Board of India Safety Standards
The provisions of this standard are applicable to civil engineering structures of Nuclear Facilities. In some instances, the requirements are set to apply to Nuclear Power Plants, but they may be applied to other NFs suitably, using a graded approach based upon the potential for radiological impact.
ESIC extends timeline for depositing ESI contribution
The ESI contribution for the month of August, 2022 can now be settled up to September 22, 2022 instead of September 15, 2022.
CBDT FAQ to provide clarifications regarding deduction of tax at source under sections 194C and 194J
It is clarified that Deduction of tax at source under sections 194C and 194J has to be made out of the gross amount of the bill including reimbursements for actual expenses, out of pocket expenses and professional fees.
CBIC ceiling on Special Additional Excise Duty on production of Petroleum Crude and export of Aviation Turbine Fuel
Rs. 10,500 per tonne for petroleum crude. Rs. 5 per litre for aviation turbine fuel.
MoRTH issues Notification for providing 58 citizen-centric services completely online, eliminating the need to visit the RTO, services can be availed with the help of Aadhaar authentication, on voluntary basis.
Any individual desirous of availing various services, online through the portal (Parivahan.gov.in or mParivahan application), is required to undergo Aadhaar authentication (on voluntary basis); Provided that any person who does not have Aadhaar number may avail such service in physical form by establishing the identity by submitting an alternative document physically with respective Authority.
The Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Second Amendment) Regulations, 2022.
As per the new regulation 41, the liquidator shall preserve copies of all such records which are required to give a complete account of the voluntary liquidation process.
