The Narcotic Drugs and Psychotropic Substances (Amendment) Act, 2021
The Narcotic Drugs and Psychotropic Substances (Amendment) Ordinance, 2021 is hereby repealed.
The Faceless Appeal Scheme, 2021.
As per the scheme no person shall be required to appear either personally or through authorised representative in connection with any proceedings before the income-tax authority at the National Faceless Appeal Centre or appeal unit set up under this Scheme and the commissioner (Appeals) shall allow the request for personal hearing via video conference and communicate the date and time of hearing to he appellant via the National Faceless Appeal Centre.
FSSAI issues clarification on displaying information for food service establishment.
In order to grant some additional time to the FBOs to adopt the practice of Menu Labelling in a self-compliant manner, no sampling of the food items listed on the menu cards/boards/booklets by the FBos shall be carried out to check/verify the respective declarations of calorific value and nutritional information till 30th June, 2022.
Income-tax (35th Amendment) Rules, 2021.
The Form 56FF shall include Details of Special Economic Zone Reinvestment Allowance Reserve Account, and Details of new plant/machinery purchased out of amounts withdrawn from Special Economic Zone Reinvestment Allowance Reserve Account.
Ministry of Communication notifies licensing framework for Audio Conferencing/ Audiotex/ Voice Mail Services” under unified license.
As per the ministry, the dial out facilities will be allowed even if using resources of more than one access service provider subject to license conditions.
Centre notifies rules for Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021.
The Consumer Protection Act, 2019 stipulates that every complaint shall be disposed of as expeditiously as possible and endeavour shall be made to decide the complaint within a period of 3 months from the date of receipt of notice by opposite party where the complaint does not require analysis or testing of commodities and within 5 months if it requires analysis or testing of commodities.
Modified reporting requirements for AIFs to commence from September 30, 2022
All AIFs shall submit report on their activity as an AIF to SEBI on quarterly basis within 10 calendar days from the end of each quarter in the revised format. Further, Category III AIFs shall also submit report on leverage undertaken, on quarterly basis in the revised formats.
The Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund), Third Amendment, Rules, 2021
The amendment provides that shares held in such DEMAT account shall not be transferred or dealt with in any manner whatsoever except for the purposes of transferring the shares back to the claimant as and when he approaches the Authority.
Draft Electricity (Late Payment Surcharge and related matters) Rules, 2021
The rules provide rates of late payment surcharge, payment security mechanism, penalty, process for adjustment and liquidation of arrears.
SEBI notifies penalty on non-compliance by issuers of listed commercial papers.
SEBI has specified the fine amounts to be levied in case of violation of different provisions of “Listing Obligations and Disclosure Requirements” norms and the actions to be taken in case of non-compliance.
