SEBI cautions public against fraudulent messages on money refund.

It has come to the notice of SEBI that unscrupulous individuals are trying to cheat public by holding out as officials of Recovery and Refund Department of SEBI and falsely informing them about refund of money in various cases through phone calls/ e-mails/ messages.

GSTN removes Negative Balance in Cash Ledger.

Due to the reversal of amount in the cash ledger of some composition taxpayers, the balance in the cash ledgers had become negative, therefore the government has decided to nullify the negative balance.

Income-tax (21st Amendment) Rules, 2022

The amendment provides that an original fund transferring a capital asset to a a Category III Alternative Investment Fund, shall fulfil the condition that the aggregate participation or investment in the original fund, directly or indirectly, by persons resident in India shall not exceed five per cent. of the corpus of such fund at the time of such
transfer.

The Plastic Waste Management (Second Amendment) Rules, 2022.

As a transitory measure, provisional certificate for biodegradable plastics, shall be issued by the Central Pollution Control Board, in cases, where an interim test report is submitted, for an ongoing test, which covers the first component of the IS 17899 T:2022 relating to biodegradability.

PCI opens portal to process applications for new institutions.

The pre-requisite statutory documents, incldues consent of affiliation of examining authority, No Objection Certificate of the State Government, etc., shall clearly indicate that it is for the 2022-23 academic session. The submission of these pre-requisite statutory documents is a mandatory requirement.