The Insolvency and Bankruptcy Board of India (Insolvency Professional Agencies) (Amendment) Regulations, 2022.
The disciplinary proceedings shall be conducted in accordance with the provisions of the Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017.
The International Financial Services Centres Authority (Finance Company) (Amendment) Regulations, 2022.
A Finance Unit can be set up if the applicant is an incorporated entity in its home jurisdiction.
Provided that a Finance Unit can be set up for undertaking core activities as specified in these regulations only if the applicant, being an incorporated entity in its home jurisdiction, is engaged in the business of financial services and is regulated by a financial sector regulator in its home jurisdiction and has obtained a No-Objection Certificate from the home regulator for setting up a Finance Unit in the IFSCs, wherever applicable.
Directions to insurers for risk management management
Every insurer, in order to meet its liabilities, shall earmark, invest and at all times keep earmarked and invested, assets of value not less than that of the liabilities. An insurer may invest not more than five per cent. of the assets by value, in a company or other body corporate which is owned or controlled by the promoters, subject to the condition that the assets shall be held free of any encumbrance, charge, hypothecation or lien.
SEBI relaxes fee for arbitration reference under Investor Grievance Redressal Mechanism
In order to Speed up grievance redressal mechanism, it is clarified that a client, who has a claim / counter claim up to Rs.20 lakh (Rs. Twenty lakh) and files arbitration reference, will be exempted from payment of the fees prescribed under circular dated February 23, 2022.
CCPA issues guidelines for preventing unfair trade practices and violation of consumer rights with regard to levying of service charge in hotels and restaurants.
If any consumer finds that a hotel or restaurant is levying service charge in violation to the guidelines, a consumer may make a request to the concerned hotel or restaurant to remove service charge from the bill amount. Also, the consumer may lodge a complaint on the National Consumer Helpline (NCH), which works as an alternate dispute redressal mechanism at the pre-litigation level by calling 1915 or through the NCH mobile app.
The Department of Telecom issues advisory to public on proper use of wireless jammer, booster.
Currently, only States/ UTs, Defence Forces, Central Police Organizations can procure (only models approved by Government of India) and use jammers. Examination conducting bodies under Union Government/ State Government/ Union Territory are also allowed to install jammers (from authorized vendors & approved models) after prior permission from competent authority.
Government of Andhra Pradesh notifies amendments to AP Allopathic Private Medical Care Establishments (Registration and Regulation) Rules, 2007.
All Private Allopathic Medical Care Establishments i.e. Hospitals, Clinics, Diagnostic centres shall enroll under National Digital Health Mission Portal and the Registry will enable hospitals and diagnostic clinics participate in the Digital Health Ecosystem. The health care facility registry will consist of one record and a unique identifier for each healthcare facility in the Country.
Courier Imports and Exports (Electronic Declaration and Processing) Amendment Regulations, 2022
Amendment provides revised Conditions and restrictions shall be complied with for re-import of returned jewellery exported through the courier mode on an e-commerce platform.
DGFT exempts IGST and Compensation Cess for imports under export incentive schemes
IGST and Compensation Cess for imports as per the schemes were previously exempted till June 30, 2022 as per circular dated 1st April, 2022. This is provided as a further relaxation to to reduce the burden of Covid-19 pandemic aftershock as relief to MSMEs and other importers.
MSDE launches DBT scheme to extend direct monetary support to apprentices.
Earlier companies used to pay apprentices the entire amount and then seek reimbursement from the government. With the launch of the DBT scheme, the government will directly transfer its contribution to bank accounts of apprentices through National Skill Development Corporation (NSDC), 25% of the stipend payable up to Rs. 1500/- per month.
