Revised import policy condition for gold
The amended policy allows import of gold in unwrought forms through nominated agencies notified by IFSCA for qualified jewellers through India International Bullion Exchange
RBI issues Master Circular on Bank Finance to Non-Banking Financial Companies (NBFCs).
The ceiling on bank credit linked to Net Owned Fund (NOF) of NBFCs has been withdrawn in respect of all NBFCs which are statutorily registered with RBI and are engaged in principal business of asset financing, loan, factoring and investment activities.
The International Financial Services Centres Authority (Insurance Intermediary) (Amendment) Regulations, 2021.
The IFSC insurance intermediary office (IIIO) shall submit to the Authority a paid-up capital and net-worth certificate issued by its statutory auditor, a practicing Chartered Accountant in India, a practicing Company Secretary in India, a practicing Cost Accountant in India or any other person with appropriate qualification, as specified by the Authority, on half yearly basis.
The International Financial Services Centres Authority (Registration of Insurance Business) (Amendment) Regulations, 2021
An applicant for Registration of Insurance Business shall provide a certificate from a practicing Chartered Accountant in India, a practicing Company Secretary in India, a practicing Cost Accountant in India or any other person with appropriate qualification, as specified by the Authority, certifying that all the requirements of the Act have been complied with by the Applicant.
Peso issues circular on installation of telemetry devices on Liquid Medical Oxygen Storage Vessels.
Liquid Medical Oxygen is high purity oxygen, which is used for medical treatment. Telemetry devices are installed in these liquid medical oxygen tanks so that it can be monitored in real-time. The telemetry device will help in transmitting the live information of the amount of oxygen present in each liquid medical oxygen tank.
Andhra Pradesh Electricity Regulatory Commission (Licensee’s duty for supply of electricity on request) second amendment regulation, 2013.
The Amendment is brought under clause 8(4) which deals with specific provision for development chargers in which all consumers of LT services other than agriculture services whose contracted load exceeds 20 KW shall be provided with dedicated transformers by the licensees on collecting full cost of the transformer.
Ministry of Power amends the list of energy intensive industries and other establishment under Energy Conservation Act, 2001.
Ministry of Power has amended the schedule of Energy Conversation Act, 2001 which deals with list of energy intensive industries and other establishment.
Ministry of Finance notifies the rate of interest under the special deposit scheme.
The Special Deposit Scheme was launched by the Union Government on July 1, 1975, with an aim to provide better returns to non-government provident funds, gratuity and superannuation funds, surplus funds of LIC, ESIC etc.
Provision under PML (Maintenance of Records) Rule, 2005 not applicable to Foreign Portfolio Investor (FPI).
Every banking company, financial institution and intermediary, as the case may be, shall determine whether a client is acting on behalf of a beneficial owner, identify the beneficial owner and take all reasonable steps to verify his identity.
Tax on supplies of restaurant service shall be paid by the e-commerce operators supplying them
Tax on supplies of restaurant service supplied through e-commerce operators shall be paid by the e-commerce operator with effect from the 1st January, 2022.
