On August 16, 2024, President Droupadi Murmu officially granted her assent to the Finance (No 2) Bill, 2024. With this move, the bill has now become law ie. Finance (No. 2) Act, 2024.
Easy Funds Finance Pvt Ltd and directors penalized for failing to file Annual Returns and Financial Statements. Total penalties amount to ₹2,49,100.
New amendments to Foreign Exchange Management Rules ease cross-border share swaps and foreign investments in Indian startups and ATMs.
Justice Talwant Singh appointed as Chairperson of the Appellate Authority for professional institutes under the Chartered Accountants, Cost and Works Accountants, and Company Secretaries Acts.
New Geographical Indications Inquiry and Appeal Rules 2024 simplify procedures for handling complaints and appeals under the GI Act.
Trade Marks (Holding Inquiry and Appeal) Rules 2024 now in effect. New procedures for complaints, inquiries, and appeals under the Trade Marks Act, 1999.
DGFT introduces eCoO 2.0 for Non-Preferential Certificates of Origin. New features include multi-user access, e-signature options, and an integrated dashboard.
Zuari Agro Chemicals faces a ₹6 lakh penalty for violating Section 197 of Companies Act, 2013, by paying excess remuneration to its Managing Director without required approvals.
Central Excise Notification 20/2024 revises duty rate to Rs. 2100 per tonne effective from August 17, 2024, under the Central Excise Act, 1944.
RBI revises NBFC-P2P lending guidelines, clarifying provisions to prevent misuse and ensure compliance. Key changes include fund transfer rules and disclosure requirements.
