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Notifications/Circulars

Draft Food Regulations for Health Supplements, Nutraceuticals etc.

June 24, 2022 1959 Views 1 comment Print

Draft Food Safety and Standards (Health Supplements, Nutraceuticals, Food for Special Dietary Use, Food for Special Medical Purpose, and Prebiotic and Probiotic Food) Regulations, 2022. FOOD SAFETY AND STANDARDS AUTHORITY OF INDIA NOTIFICATION New Delhi, the 24th June, 2022 F. No. Std/SP-05/T(Nutraceutical-2022).—The following draft of certain regulations which the Food Safety and Standards Authority of […]

RBI encourages cardholders to tokenise their cards

June 24, 2022 411 Views 0 comment Print

Currently, many entities, including merchants, involved in an online card transaction chain store card data like card number, expiry date, etc. [Card-on-File (CoF)] citing cardholder convenience and comfort for undertaking transactions in future.

Customs Brokers Licensing (Amendment) Regulations, 2022

June 24, 2022 4710 Views 0 comment Print

(1) These regulations may be called the Customs Brokers Licensing (Amendment) Regulations, 2022. (2) They shall come into force on the date of their publication in the Official Gazette.

CBDT designates Special Court in Uttarakhand under Black Money Act

June 24, 2022 360 Views 0 comment Print

Notification No. 68/2022- Income Tax- Designation of Courts in Uttarakhand as Special Court for the purposes of section 280A of the Income tax Act, 1961 and section 84 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. MINISTRY OF FINANCE (Department OF Revenue) (CENTRAL BOARD OF DIRECT TAXES) (Investigation Division-V) […]

Draft Central Motor Vehicles amendment Rules- Bharat New Car Assessment Program

June 24, 2022 516 Views 0 comment Print

Bharat New Car Assessment Program (BNCAP) – (1) On and from the1st day of April 2023, the BNCAP authority, (hereinafter referred to as ‘the Authority’), notified by the Central Government, shall authorise the testing agency referred to in Rule 126 of CMVR 1989 to conduct evaluation on Type Approved vehicles of category M1, manufactured or imported in the country, in accordance with the Automotive Industry Standard (AIS)-197, as amended from time to time. BNCAP shall be a voluntary program monitored by the Authority.

GST Compensation Cess levy extended till 31/03/2026

June 24, 2022 16203 Views 0 comment Print

As expected Govt extended GST Compensation Cess levy extended till 31/03/2026 which was coming to an end on 30th June 2022. Goods and Services Tax (Period of Levy and Collection of Cess) Rules, 2022 | Notification No. 1/2022–Compensation Cess | Dated: 24th June, 2022. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 1/2022–Compensation […]

RBI extends timeline for storing of Card-on-File (CoF) data by 3 months

June 24, 2022 1938 Views 0 comment Print

RBI extend the timeline for storing of CoF data by three months, i.e., till September 30, 2022, after which such data shall be purged.

IBBI suspends registration of IP for conducting CIRP of CD in a brazen manner

June 24, 2022 666 Views 0 comment Print

In view of the submission made by Mr. Partha Sarathy Sarkar, and materials available on record, DC notes that Mr. Partha Sarathy Sarkar has conducted the entire CIRP of the CD in a brazen manner without having due regard the provisions of the Code and the regulations made thereunder. Accordingly, the DC find that the […]

Acceptance of assignment of CD without holding valid AFA: IBBI suspend registration of IP

June 24, 2022 540 Views 0 comment Print

DC finds that Mr. Kedarram Ramratan Laddha had accepted an assignment as IRP of the CD without holding valid AFA and during pendency of disciplinary proceedings. Hence, the DC, in exercise of the powers conferred under section 220 (2) of the Code read Regulation 11 of the IBBI (Insolvency Professionals) Regulations, 2016, hereby suspends the […]

Draft Master Direction on Outsourcing of Information Technology Services

June 23, 2022 1818 Views 0 comment Print

Regulated Entities (REs) have been extensively leveraging Information Technology (IT) and IT-enabled services (ITeS) in their business, products and services with increasing dependence on third parties. Such reliance on IT/ITeS provided by third parties exposes the REs to various risks.

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