IRDAI launches self-deactivation facility over IIB’ s ENVOY portal.
The portal after an OTP-based verification on the registered mobile number would allow for self-deactivation in compliance with the relevant regulations, after a thirty-day waiting period or upon receiving insurer/intermediary consent whichever is earlier.
Consultation paper on proposed IFSCA (Finance Company) (Amendment) Regulations, 2022
FC/FU intending to undertake any of the non-core activity (ies) in IFSC, shall be subject to the provisions of the respective Framework / Guidelines as specified by the Authority for that particular activity. Also, an entity carrying out multiple permissible activities under the FC regulations will have to maintain the higher of the minimum capital / owned funds / net worth prescribed for each individual activity, subject to the compliance with the respective Frameworks / Regulations governing such activities.
CBDT directions for eligible investment funds
Eligible investment fund registered under sub-section (8A) of section 9A of the Act shall not carry on, or participate in, the day to day operations of any person in India and for this purpose the monitoring mechanism to protect the investment in such person including the right to appoint directors or executive director shall not be considered as participation in day to day operations of such person in India.
Jute Bags (Quality Control )Order, 2022
The order mandates that Jute bags shall conform to the corresponding Indian Standards and shall bear the Standard Mark under a license obtained from the Bureau of Indian Standards (BIS) as per Scheme-I of Schedule-II of BIS (Conformity Assessment) Regulations, 2018.
FSSAI extends the last date for online submission of annual return for the FY 2021-2022.
As per regulation 2.1.13 of Food Safety and Standards (Licensing and Registration of Food Businesses) Regulations, 2011, Every licensee shall on or before 31st May of each year, submit a returns , in ‘Form D-1’ to the Licensing Authority in respect of each class of food products handled by him during the previous financial year.
Insurance Regulatory and Development Authority of India (Appointed Actuary) Draft Regulations, 2022.
An insurer registered to carry on insurance business in India shall, appoint an actuary, who shall be known as the ‘Appointed Actuary’. An insurer, who is unable to appoint an Appointed, shall make an application to the Authority in writing for relaxation of any of the eligibility conditions.
Government of Haryana notifies Standard Operating Procedures for various Manufacturing Processes in the Factories.
All the Factory Owners/ Stake Holders are advised to carry out their manufacturing process safely and in accordance with these Standard Operating Procedures (SOPs). After 60 days from the date of this advisory, the officers of the Labour Department may inspect/check the status of compliance.
CBDT issues Clarification regarding Form No 10ACs
It is clarified that where due to technical glitches, Form No. 10AC has been issued during FY 2021-
2022 with the heading “Order for provisional registration” or “ Order for provisional approval” instead of “Order for registration” or “ Order for approval”, then all such Form No. 10AC shall be considered as an “Order for registration or approval”.
Universities to adopt University Grants Commission (Credit Framework for Online Learning Courses through Study Webs of Active Learning for Young Aspiring Minds) Regulations, 2021
All the universities to adopt the courses offered through SWAYAM platform, so that the students’ community is able to get maximum benefits for their active cooperation in adopting and promoting MOOCs Courses offered through SWAYAM
Technical Universities to explore criteria for sympathetic consideration for admission through lateral entry
NEP 2020 already provides for multiple entry-multiple exit, crediting the courses completed in the Academic Bank of Credit and making use of it later, in the same place or elsewhere.
