Ministry of Communication extends the last date for submission of Applications under Design led Manufacturing scheme till 25th August 2022.
The main objective of the scheme is to build a strong ecosystem for 5G, the Guidelines for the PLI Scheme for Telecom & Networking Products have been amended with effect from 1st April 2022 to introduce Design- led Manufacturing with additional one percent incentive rates.
SEBI notifies enhanced guidelines for debenture trustees and listed issuer companies on security creation and initial due diligence.
Before initiating due diligence, a DT and the listed entity shall enter into an amended debenture trust agreement to incorporate the obligations as notified in SEBIs earlier notifications for continuous monitoring and any other stipulations of SEBI from time to time with respect to security creation, initial due diligence and continuous monitoring by DTs. A DT shall carry out due diligence for change in security, creation of security/ additional security and shall issue a no-objection certificate (NOC) to issuer company for going ahead with proposed change in the structure/ creation of security.
CBIC issues clarifications regarding applicable GST rates & exemptions on certain services.
As recommended by the GST Council, it is clarified sale of space for advertisement in souvenir book is covered under serial number (i) of entry 21 of Notification No. 11/2017-Central Tax (Rate) and attracts GST @ 5%
NMC directs registration of all Medical Colleges in All India Survey on Higher Education
Inclusion of all institutions in the AISHE is necessary as the next round of applications for scholarships will start shortly.
Petroleum and Natural Gas Regulatory Board (Levy of Fee and Other Charges) Amendment Regulations 2022
Regulations provides the procedure for application for renunciation and transfer of authorization and the amount of fee charged for application. The amended regulations will come into effect immediately.
Securities And Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2022
The amendment provides that sponsors which invest in various companies on behalf of the beneficiaries of insurance policies or such other schemes shall not qualify as associates of mutual funds. The amended regulations will come into effect immediately.
Master Direction on External Commercial Borrowings, Trade Credits and Structured Obligations
This Master Direction has been issued to lay down the modalities as to how the foreign exchange business has to be conducted by Authorized Persons [under the Foreign Exchange Management Act (FEMA), 1999], with their customers/constituents to implement the regulations framed thereunder.
Revised Unified Access Service License (UASL) Agreement for change in FDI Compliance Report
The amendment revises the date of submission of compliance report by the licensee regarding license and security conditions on Indian and foreign equity to the licensor for the position as on 1st of January and 1st of July.
Master Directions-Priority Sector Lending (PSL)- Targets and Classification
The Master Directions aims to ensure that the lending policies are aligned with national priorities and are environment friendly to help achieve Sustainable Development Goals (SDGs).
IRDAI notifies Insurance Regulatory and Development Authority of India (Expenses of Management of Insurers transacting life insurance business) Draft Regulations, 2022.
All insurers transacting Life insurance business, at the expiration of each financial year, shall prepare with reference to that year a Return of Expenses of Management. The Return shall be signed by the Chief Executive Officer, the Chief Financial Officer and the Chief Compliance Officer of the Insurer.
