Direct Tax Vivad se Vishwas Rules, 2024
The Direct Tax Vivad se Vishwas Rules, 2024, aim to streamline the resolution of direct tax disputes, ensuring an amicable closure of long-pending litigations. These rules, in continuation of the government’s initiative through the Vivad se Vishwas Scheme, provide taxpayers a straightforward mechanism to settle disputes by paying specified amounts.
DoT invites comments to revise DPIIT’s Public Procurement (Preference to Make in India) Order, 2017
The comments / suggestion if any may be furnished within 15 days of issue date of this notice. The comments are to be sent to email-id dirip.hg-dot@nic.in and amitupadhayay.edu@nic.in.
DoT clarification on Security certification for End of Sale (EoS) and End of Life (EoL) products
Where EoL is reached and no further modification is done by OEM, all further Security certifications are exempted.
Competition Commission of India (General) Regulations, 2024
The regulations provides the procedure to make references to CCI as well as norms for functioning of CCI.
Consultation paper on proposed revised ‘Framework for undertaking Global/Regional
The circular is proposed to be revised to streamline the permissible activities/services undertaken by treasury centers and to introduce elements aligned with international best practices. This would make it attractive for entities to set up their treasury centers in the IFSC while ensuring the Authority has due oversight over their activities.
IFSCA has launched Single Window IT System (SWIT System)
This unified one stop digital platform has been conceptualized and developed by IFSCA to facilitate ease of doing business in the International Financial Services Centre (IFSC) by streamlining the application process and eliminating the need for businesses to navigate multiple Authorities independently for various necessary approvals.
Caution to Public – Dealing with unregistered Broker Dealers in the IFSC
IFSCA has cautioned public about dealing with unregistered Broker Dealers in the IFSC. It has come to the notice of IFSCA that some entities claiming to be Broker Dealers in the GIFT-IFSC are offering investment services, particularly over social media platforms like WhatsApp and luring the general public in making spurious investments by promising high returns.
MCA Clarification on holding of Annual General Meeting (AGM) and EGM through Video Conference (VC) or Other Audio Visual Means (OAVM)
It has been decided to allow companies whose AGMs are due in the Year 2024 or 2025, to conduct their AGMs through VC or OAVM on or before 30th September, 2025.
National Bank for Financing Infrastructure and Development notified as public financial institution
National Bank for Financing Infrastructure and Development notified as public financial institution.
Foreign Exchange (Compounding Proceedings) Rules, 2024
As part of a broader initiative to streamline and rationalize existing rules and regulations to further facilitate ease of doing business, the compounding proceeding rules were comprehensively reviewed in consultation with the Reserve Bank of India.
