Earlier companies used to pay apprentices the entire amount and then seek reimbursement from the government. With the launch of the DBT scheme, the government will directly transfer its contribution to bank accounts of apprentices …

Read More "MSDE launches DBT scheme to extend direct monetary support to apprentices."

Rule 6 deals with intimation of receiving foreign funds from relatives. Through this amendment it is stated that “any person receiving foreign contribution in excess of 10 lakhs or equivalent thereto in a financial year …

Read More "The Foreign Contribution (Regulation) Amendment Rules, 2022."

Through this circular, the unified credit level (UCF) for exiting/entry qualification at different level has been notified. At each entry, Institution/University has to identify the educational gaps/skill gaps and suitable bridge course may be offered.

The Director General of Foreign Trade vide notification dated 1st July, 2022 has extended the last date for submitting applications to avail benefits under Merchandise Exports from India Scheme (MEIS). All applications under MEIS for …

Read More "The Director General of Foreign Trade vide notification dated 1st July, 2022 has extended the last date for submitting applications to avail benefits under Merchandise Exports from India Scheme (MEIS)"

Accordingly, the coupon rate on FRSB 2020 (T) for period July 1, 2022 to December 31, 2022 and payable on January 1, 2023 remains at 7.15% (6.80% +0.35%), unchanged from the previous half-year.

A Fund Management Entity (FME) in IFSC will be able to launch Angel Fund by filing a placement memorandum with the Authority under a Green Channel, i.e. the schemes can open for subscription by investors …

Read More "IFSCA notifies Regulatory framework for Angel Funds to facilitate investments in start-ups."

The registration of IBC/OEC is provided to conduct educational and research courses, including executive education programmes in the GIFT IFSC and the regulations are intended to be the sole legal framework governing the establishment and …

Read More "IFSC invites public comments on the draft International Financial Services Centres Authority (Setting up and Operation of International Branch Campuses and Offshore Education Centres) Regulations, 2022."

Under regulation 3(9), A Parent Bank may set up its Representative Office or Global Administrative Office in IFSC under a suitable mechanism, subject to such conditions as may be specified by the Authority.

As per the amendment, in the disclosure of public shareholding, names of the shareholders holding 1% or more than 1% of shares of the listed entity is to be disclosed and the Names of the …

Read More "SEBI notifies new format for disclosure of shareholding patterns."

The amendment provides that where the exchange has agreed to pay tax in relation to a transaction of transfer of a virtual digital asset, owned by it, the Exchange shall deliver or cause to be …

Read More "Income-tax (20th Amendment) Rules, 2022"