Draft Anusandhan National Research Foundation rules

Objections or suggestions, if any, may be addressed to the Senior Adviser, Department of Science and Technology, Government of India, Technology Bhawan, New Delhi – 110016 or by e-mail at akhilesh.g@nic.in and praveen@nic.in; within 30 days.

RBI directs banks to Streamline Internal Compliance monitoring function

The RE, based on the size and complexity of its operations, may decide on the tools/ mechanism it would prefer to deploy for monitoring of compliance and development of the unified dashboard. Accordingly, REs are advised to carry out a comprehensive review of the existing internal compliance tracking and monitoring processes and institute necessary changes to existing systems or implement new systems latest by June 30, 2024.

Central Government establishes Central Processing Centre at Indian Institute of Corporate Affairs

The Central Processing Centre shall process and dispose off e-forms filed along with the fee as provided in the Companies (Registration of Offices and Fees) Rules, 2014. The jurisdictional Registrar, other than Registrar of the Central Processing Centre, within whose jurisdiction the registered office of the company is situated shall continue to have jurisdiction over the companies whose e-forms are processed by the Registrar of the Central Processing Centre.

Credit Enhancement Guarantee Scheme for Scheduled Castes

The objective of the Scheme is to promote entrepreneurship amongst the Scheduled Castes entrepreneurs by providing Credit Enhancement Guarantee to Member Lending Institutions (MLIs) who shall be providing financial assistance to SC entrepreneurs. IFCI Ltd is the Nodal Agency for implementation of the Scheme for issuing the guarantee to the MLIs, who are encouraged to finance Scheduled Caste entrepreneurs. Under the Scheme, Individuals, Sole Proprietorship, Registered companies, Partnerships & Societies belonging to Scheduled Castes can avail the benefit of the scheme through MLIs for availing Term Loan/Composite Term Loan/ Working Capital facility.

CBDT clarifications regarding ITR filings

Individuals and HUFs not having income from business or profession [and not eligible for filing ITR Form-1 (Sahaj)] can file ITR-2, while those having income from business or profession can file ITR Form- 3. ITR-4 (SUGAM) is for resident individuals, HUFs and Firms (other than LLP) having total income up to Rs. 50 lakh and having income from business and profession computed under section 44AD, 44ADA or 44AE. Persons other than individual, HUF and companies i.e. partnership firm, LLP etc. can file ITR Form- 5. The companies other than those claiming exemption under section 11 can file ITR Form-6.

National Minimum standards and Protocol for Creches

This document has been prepared by the Ministry of Women and Child Development in consultation with Ministry of Labor and Employment which prescribes the national minimum standards and protocol for setting up and running of créches in India, emphasizing the institutionalization of care services to support and promote female labor force participation.