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Archive: April, 2021

Posts in April, 2021

Regulatory reporting by AIFs to SEBI

April 7, 2021 6330 Views 0 comment Print

Securities and Exchange Board of India CIRCULAR SEBI/HO/IMD/IMD-I/DOF6/CIR/2021/549 April 07, 2021 To, All Alternative Investment Funds (AIFs) Dear Sir/ Madam, Sub: Regulatory reporting by AIFs In terms of AIF Regulations and paragraph 3.2 of Circular No. CIR/IMD/DF/10/2013 dated July 29, 2013, AIFs are required to submit periodical reports to SEBI relating to their activity. To […]

Direct Selling/ MLM/ Network Marketing Business Enrollment & Compliance Formalities in Kerala

April 7, 2021 3261 Views 0 comment Print

Direct Selling/ Multi Level Marketing (MLM)/ Network Marketing Business Enrollment and Compliance Formalities in Kerala Direct selling is the most gravitating business nowadays in India but most of the Direct Seller Company/ Entities do not have knowledge regarding how to file an application with central government and Kerala state government. State of Kerala has issued […]

Kerala Direct Selling Guideline

April 7, 2021 4080 Views 0 comment Print

In today’s Scenario, Direct Selling is most trending business in India. In common parlance it is also termed as Network Marketing or Multi- level Marketing (MLM) or Direct Selling. Central and some state government have issued guidelines regarding the Direct Selling Business. Government of Kerala has also issued guideline for the same. Guideline is issued […]

Cabinet approves PLI scheme for High Efficiency Solar PV Modules

April 7, 2021 735 Views 0 comment Print

Cabinet approved proposal for implementation of Production Linked Incentive (PLI) Scheme ‘National Programme on High Efficiency Solar PV (Photo Voltic) Modules’ for achieving manufacturing capacity of Giga Watt (GW) scale in high efficiency solar PV modules with an outlay of Rs.4,500 crore.

Break the chain order – Relaxations in Maharashtra

April 7, 2021 5841 Views 0 comment Print

The Students or Candidates who have to attend various exams including the competitive exams are allowed to make necessary movement to attend the exams during the weekend lockdown and their examination Hall Tickets should be considered valid tor the same. They are allowed to be accompanied by one guardian/Parent.

Tribunal Reforms (Rationalisation & Conditions of Service) Bill, 2021

April 7, 2021 1758 Views 0 comment Print

 The Tribunal Reforms (Rationalisation and Conditions of Service) Bill, 2021 Objectives: 1. With a view to streamline tribunals, the Tribunals Reforms (Rationalisation and Conditions of Service) Bill, 2021 is proposed to be enacted to abolish certain tribunals and authorities and to provide a mechanism for filing appeal directly to the commercial court or the High […]

Closure date for residual year end Central Government transactions changed: RBI

April 7, 2021 666 Views 0 comment Print

On account of holidays on April 10 and 11, 2021 (second Saturday and Sunday respectively), Government of India has now decided that the date of closure of residual transactions for the month of March 2021 be fixed as April 12, 2021. All agency banks may take note of the change of date of closure and ensure that arrangements are put in place to report all the March 2021 residual transactions by 1400 hours of April 12, 2021.

RBI Circular on Refund/adjustment of ‘interest on interest’ & Asset Classification

April 7, 2021 2163 Views 0 comment Print

All lending institutions1 shall immediately put in place a Board-approved policy to refund/adjust the ‘interest on interest’ charged to the borrowers during the moratorium period, i.e. March 1, 2020 to August 31, 2020 in conformity with the above judgement.

Union Cabinet approves PLI Scheme for White Goods

April 7, 2021 543 Views 0 comment Print

Taking another important step towards the vision of ‘Atmanirbhar Bharat’, the Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi, approved the Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights) with a budgetary outlay of Rs. 6,238 crore.

Status of Production-Linked Incentive Schemes

April 7, 2021 2283 Views 0 comment Print

In the Union Budget 2021-22, presented on 1st February 2020, the Finance Minister announced an outlay of INR 1.97 Lakh Crores for the Production-Linked Incentive (PLI) Schemes for 13 key sectors, to create national manufacturing champions and generate employment opportunities for the country’s youth. This means that minimum production in India as a result of PLI Schemes is expected to be over US$ 500 billion in 5 years.

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