Government of Telangana Provides 5% Rebate on payment of Property Tax
The Telangana government introduce Early Bird Scheme benefit of 5% rebate to those paying property tax, for the Financial Year 2020-21, provided the Property Tax is paid for the entire financial year, together with the arrear dues, if any, on or before 31-05-2020.
Ministry of power publishes draft electricity amendment bill
The Ministry of Power has issued the Draft Electricity (Amendment) Bill, 2020 which seeks to increase private participation and to strengthen payment security mechanism and establish Electricity Contract Enforcement Authority who has sole authority to adjudicate matters related to specific performance of contracts related to purchase or sale of power, between power generation companies and distribution companies.
State Government of Telangana requests to extend the property tax payment deadline
State Government of Telangana has requested extension for the deadline to pay the property tax dues and arrears for the year 2019-20 by three months without penalties in all the urban local bodies
Time extended for furnishing information to the director under the Prevention of Money Laundering Act
The Ministry of finance vide its notification dated 13th April 2020 has published the Prevention of Money-laundering (Maintenance of Records) 2nd Amendment Rules, 2020 to further amend the Prevention of Money-laundering (Maintenance of Records) Rules, 2005. The Principal Officer of a reporting entity shall furnish the information every month to the director by 15th day […]
The Indian Boiler Regulations, 1950 shall now be applicable to the state of Jammu and Kashmir
Applicability of Indian Boiler Regulations, 1950 extended to the State of Jammu and Kashmir.
The Government of West Bengal publishes The West Bengal Lifts, Escalators and Travelators Act, 2019.
The Government of West Bengal vide notification dated 10th January, 2020, has published the West Bengal Lifts, Escalators and Travelators Act, 2019 by repealing the old West Bengal Lifts and Escalators Act, 1955.The Act regulates the installation, maintenance and safe working of lift and escalators and all machinery and apparatus pertaining in the state of west Bengal. The new act, in addition to the above, brings travelators within its ambit.
Restructuring of advances for Projects under Implementation not to be classified as NPA.
The Reserve Bank of India vide its notification dated 7th February 2020 has revised the guidelines for Deferment of Commencement of Commercial Operations (DCCO) in non-infrastructure and Commercial Real Estate (CRE) projects. If the projects gets delayed for reasons beyond the control of promoter(s), banks are allowed to restructure them by way of revision of DCCO.
State Government of Telangana directs the owners of high rise buildings to upload a third party fire safety audit certificate on the department website.
The Telangana State Disaster Response and Fire Services Department has notified that the owner and occupier of all High-Rise Buildings, that have obtained a No Objection Certificate from the Department to upload the certificate on the official website- https://fire.telangana.gov.in/.
BIS Standards on Acetic Acid shall be effective from August 2020.
The Department of Chemicals and Petrochemicals has issued an order dated 24th January, 2020 to declare the date of coming into effect of the Acetic Acid (Quality Control) Order, 2019. The above-said order shall come into effect from 3rd August 2020.
Buildings measuring 70mtrs and above in the state of Telangana to be inspected regarding compliance with special parameters.
The Telangana State Disaster Response and Fire Services Department in its Circular dated 16th December 2019, has directed all the inspecting officers to verify the specific parameters for those buildings measuring 70 Mtrs and above in height which must be in accordance with Andhra Pradesh Building Rules, 2012 and National Building code of India 2016 and to submit the inspection reports for the same.
