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Govt may Mandate Air-Conditioning in N2 and N3 Category Vehicles from 2025

July 10, 2023 669 Views 0 comment Print

Ministry of Road Transport and Highways has issued a draft notification mandating the installation of air-conditioning systems in the cabins of N2 and N3 category motor vehicles manufactured from January 1, 2025.

Revision of General Notes under Schedule 1 (Import Policy) ITC (HS), 2022

July 10, 2023 2094 Views 0 comment Print

DGFT issued Notification No. 18/2023 DGFT, dated 10th July 2023, regarding revision of General Notes for Import Policy which includes amendments related to Food Import Entry Points and provides updated details in accordance with FSSAI Notifications.

Draft Chartered Accountants (Second Amendment) Regulations, 2023 – Comments Invited

July 7, 2023 1422 Views 0 comment Print

This analysis provides an overview of the key changes and additions proposed in the draft Chartered Accountants (Second Amendment) Regulations, 2023.

GSTN Included under PMLA 2002 for Information Sharing

July 7, 2023 6954 Views 0 comment Print

Ministry of Finance has included the Goods and Services Tax Network (GSTN) under the Prevention of Money-laundering Act, 2002 (PMLA, 2002). Learn how this inclusion enables the sharing of information between the Enforcement Directorate and GSTN, in cases of suspected contraventions of GST provisions.

IFSCA (Banking) (Amendment) Regulations, 2023

July 6, 2023 1344 Views 0 comment Print

Read the International Financial Services Centres Authority (Banking) (Amendment) Regulations, 2023 issued by the IFSCA. Stay updated on the latest amendments and provisions for banking units in IFSCs.

Notification No. 47/2023- Income Tax | Dated: 6th July, 2023

July 6, 2023 3426 Views 0 comment Print

The Ministry of Finance, Department of Revenue, Central Board of Direct Taxes has issued Notification No. 47/2023, bringing further amendments to the Income Tax Act 1961. These amendments have been made in exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income-tax Act. The notification replaces a specific row […]

ICAI removes name of 2514 members for non-payment of Fees

July 5, 2023 9639 Views 0 comment Print

The Institute of Chartered Accountants of India (ICAI) has issued several significant notifications in July 2023. These notifications pertain to the removal, restoration, and cancellation of membership, as well as the cancellation of the Certificate of Practice for some members. This article provides a summary of the key announcements for the benefit of the Chartered […]

RBI Implements Section 12A of WMD Act: Designated List Updates | July 2023

July 4, 2023 1857 Views 0 comment Print

Reserve Bank of India (RBI) issues a notification regarding the implementation of Section 12A of the Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005. The RBI provides updates on the designated list of UNSC-sanctioned individuals and entities. Read more for the amendments and compliance guidelines.

Special Economic Zones (Third Amendment) Rules. 2023

July 4, 2023 2439 Views 0 comment Print

Ministry of Commerce and Industry has introduced the Special Economic Zones (Third Amendment) Rules 2023, which provide guidelines for the import and export procedures of ships by units in the International Financial Services Centre. This article explores the key provisions of the amendment, including the filing of Bill of Entry, examination and inspection processes, and customs procedures for ship transfers. Stay updated with the latest regulations governing Special Economic Zones.

SEBI (Issue & Listing of Non-Convertible Securities) (Second Amendment) Regulations, 2023

July 3, 2023 4509 Views 0 comment Print

Stay updated with the latest amendments to the Securities and Exchange Board of India (SEBI) regulations for Issue and Listing of Non-Convertible Securities. Learn about the changes introduced through the Second Amendment Regulations 2023. Read the full notification for more details.

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