SEBI extends implementation of Circular on ‘Execution of ‘Demat Debit and Pledge Instruction’(DDPI) for transfer of securities towards deliveries / settlement obligations and pledging / re pledging of securities
The clients are allowed by the circular to use the DDPI or opt to complete the settlement by issuing physical Delivery Instruction Slip (DIS) or electronic Delivery Instruction Slip (eDIS) themselves.
CBDT has clarified the scope of the term non-fungible token under the Income Tax Act
he Central Government has specified that a token which qualifies to be a virtual digital asset shall be considered as a non-fungible token but shall not include a nonfungible token whose transfer results in transfer of ownership of underlying tangible asset and the transfer of ownership of such underlying tangible asset is legally enforceable.
The Bureau of Energy Efficiency (Particulars and Manner of their Display on Labels of Deep Freezers) Draft Regulations, 2022.
No star label shall be affixed on a deep freezer without obtaining the prior permission of the Bureau. Every application of the permittee shall be accompanied by an application fee of two thousand rupees per model, payable by any acceptable electronic mode of payment and the documents specified in Form II.
Key Highlights of the Recommendations made in 47th GST Council Meeting.
GST on supply of printing, writing or drawing ink, knives, power- driven pumps, LED Lamps, lights and fixture is recommended to be increased from 12% to 18%. The GST rate on solar water heater and finished leather is recommended to be increased from 5% to 12%.
SEBI modifies the cyber security and cyber resilience framework for brokers/depository participants.
As per the new modification, all Cyber-attacks, threats, cyber-incidents and breaches experienced by Stock Brokers / Depositories Participants shall be reported to Stock Exchanges / Depositories & SEBI within 6 hours of noticing / detecting such incidents or being brought to notice about such incidents.
The Bureau of Energy Efficiency (Particulars and Manner of their Display on Labels of Stationary Storage Type Electric Water Heater), Draft Amendment Regulations, 2022.
As per the Draft Regulation, No star label shall be affixed on a Distribution Transformer without obtaining the prior permission of the Bureau.
Delhi Maintenance and Management of Parking Places ( Amendment) Rules, 2022
The Amendment is brought under rule 16 which deals with towing chargers in which the following second proviso has been inserted: Provided that the Commissioner of Transport may waive off/reduce the parking/custody charges by general or specific order.
UGC notifies the list of Massive Open Online Courses (MOOC) offered by National Coordinators on SWAYAM platform for July Semester 2022.
The SWAYAM Platform (www.swavam.gov.in) has been set up with the objective to ensure that every student in the country has access to the best quality of higher education at an affordable cost.
The Environment (Protection) Amendment Draft Rules, 2022.
These standards are for industrial boilers using coal/lignite, pet coke, bagasse/agro-fuels, and FO/LDO/LSHS, and boilers of bagasse/agro-fuels based power plants.
IBBI publishes Discussion paper on changes in the corporate insolvency resolution process to reduce delays and improve the resolution value.
Regulation 40A of the CIRP Regulations provides the timelines for activities in a CIRP. At present, timelines are seemingly presented in a linear manner creating a false impression that the activities are to be performed in a sequential manner.
