FSSAI publishes Food Safety and Standards (Alcoholic Beverages) First Amendment Regulations, 2022.
Non-alcoholic counterpart of alcoholic beverage” means non-alcoholic beverage having alcohol content less than or equal to 0.5% alcohol by volume, which shall meet all the requirements of respective alcoholic beverage of origin except the ethyl alcohol content. Additionally, the alcoholic beverage of the origin must undergo the process of fermentation and the produced alcohol is removed thereafter.’
UGC directs universities and affiliated colleges to implement the guidelines for gender champions in educational institutions.
As per the guidelines, the Gender Champions must mainstream gender equality through group discussions poster competitions, and debates, identify and address gender gaps in the classrooms, organise awareness programs such as workshops and films.
The Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) (Amendment) Regulations, 2022.
The mechanism of complaint/ grievance redressal and subsequent enforcement action has been amended to have expeditious redressal and also to avoid placing undue burden on the service providers.
Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2022
The amendment provides that before filing an application to initiate corporate insolvency resolution process, the creditor shall file the information of default, with the information utility and the information utility shall process the information for the purpose of issuing record of default.
IRDAI clarification regarding Accounting of Premium, claims and related expenses on estimation basis
It is clarified that for the fourth quarter ending on 31st March, where the statement of accounts has not been received in time, the premium, losses and related expenses may be accounted on estimation basis.
FSSAI notifies compliance with respect to provisions for Display of information for food service establishment’s FSS (Labelling and Display) Regulations 2020 for E-Commerce Food Business operators.
As per sub-regulation 9 of FSS (labelling and display) regulations 2020, the food service establishments having central license or outlets at 10 or more locations shall mention the calorific value against the food items displayed on the menu cards or boards or booklets and shall also provide information such as nutritional information, allergen information, ingredient information etc.
RBI publishes the report of Regulations Review Authority (RRA 2.0).
The report, inter alia, contains recommendations on ease of compliance and reduction in regulatory burden, streamlining of reporting mechanism and dissemination and ease of accessibility of regulatory instructions.
Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2022.
In order to improve information availability, the amendment places a duty on corporate debtor, its promoters or any other person associated with the management of the corporate debtor to provide the information in such format and time as sought by the resolution profession
SEBI cautions investors against dealing with unregulated algo-trading platforms.
It has come to the notice of SEBI that many unregulated platforms are offering investors Algorithmic Trading services/facilities to automate their trades Strategies are being marketed with “claims” of huge return on investment along with “ratings” assigned to the strategies and claims that similar returns would be earned in the future. Investors are cautioned that these platforms are unregulated and thus there is no investor grievance redressal mechanism covering their activities.
Clarification regarding import of crude soya bean oil by Tariff Rate Quota Licensees
All imports of crude soya bean oil by Tariff Rate Quota Licensees shall be used for consumption or domestic processing. It cannot be exported before or after processing.
