DGFT grants final opportunity for IEC holders to update their IEC details electronically within 31st January 2022.

DGFT has earlier mandated all IEC holders to ensure that details in their IEC is updated electronically every year during April-June period (for which no user charges were to be borne by the IEC holder).

Ministry of Communication declares Reversionary Bonus on the Postal Life Insurance Policies.

The Rate of Bonus for Whole Life Assurance policy shall be Rs. 76 per thousand of sum assured and for Endowment Assurance (EA) (including joint life and children policies) shall be Rs. 52/- per thousand …

The Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2022.

The Amendment has granted relaxation to Foreign Portfolio Investor from Strict Enforcement of SEBI (Foreign Portfolio Investors) Regulations.

Ministry of electronic invites application under Design Linked Incentive (DLI) Scheme from domestic semiconductor chip design firms.

The approved applicants that claim incentives under the scheme will be encouraged to retain their domestic status (i.e., more than 50% of the capital in it is beneficially owned by resident Indian citizens and/ or …

Grant of recognition to CDSL Ventures Limited as an Accreditation Agency under SEBI AIF Regulations

The wholly owned subsidiary of Central Depository Services(India) Limited (CDSL) shall enjoy accreditation for a period of three years. The renewal of the recognition would be subject to satisfactory performance by CVL.

AERC declares threshold limit of Rs 100 Crore for all new development and augmentation schemes of Intra-State transmission projects

Above this threshold limit, all new and augmentation of intra State transmission projects shall be developed through Tariff Based Competitive Bidding (TBCB) in accordance with the guidelines issued by the State Transmission Utility (STU).

Himachal Pradesh Government revises emoluments for State Government employees appointed on contract basis

This revision of contractual salary would be applicable to all contractual appointments in the State Government, made on or after January 01, 2022.

MoF extends jurisdiction of Advisory Board for Banking and Financial Frauds

MoF extends jurisdiction of Advisory Board for Banking and Financial Frauds to cover all fraud cases and to examine the role of all levels of officials/Whole Time Directors (including ex-officials/ex-WTDs) in Public Sector Banks and …

FSSAI allows use of Paullinia Cupana (Guarana) as a source of caffeine

Paullinia Cupana (Guarana)can be used as a source of caffeine if the caffeine isolated and purified has the same structure and properties as pure caffeine.

CBDT issued clarification on Form 10CCB.

In case taxpayer needs to assign Form 10CCB to different CAs for same Assessment Year, taxpayer must assign the form to different CA from “My CA” functionality again. The assignment can only happen when there …

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