The Digital Personal Data Protection Act (DPDP) of India has successfully navigated its final stages after several years of extensive debates, postponements, and negotiations. The act was passed by the Indian Parliament on August 11, 2023 and received presidential assent on the same day. However, the exact date of its coming into force has not […]
Read More →The Ministry of Corporate Affairs (MCA) has announced four important notifications effective from September 10, 2024. These updates pertain to notifying CCI for mergers and acquisitions under the Competition Act. Here’s a brief overview of these notifications entail: Provisions Notified Under the Competition (Amendment) Act, 2023: The notifications put into effect specific provisions from the […]
Read More →The Ministry of Health and Family Welfare (MoHFW) has published Indian Council of Medical Research’s (ICMR) Guidelines for Ethical use of Leftover De-identified/ Anonymous Samples for Commercial Purpose. These specimens include organs, parts of organs, cells, tissues, cell products such as blood, blood products (even positive for eHBsAG/HCV/HIV/Syphilis and expired blood), urine, saliva, DNA/RNA, hair, nail clippings, […]
Read More →The Ministry of Environment, Forest and Climate Change (MoEFCC) has issued the Water Purification System (Regulation of Use) Rules, 2023. These rules provide guidelines on how to properly manage, store, and use the waste water and discarded parts from water purification systems. The rules were published on November 10, 2023, but they will take effect […]
Read More →Key amendments in REIT Compliances SEBI vide its notification dated 8th of March, 2024 have notified Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2024. Brief synopsis of additional compliances introduced are as under: S. No. Sub Head Compliance Description Periodicity Effective Date 1 Other Compliance Investment manager to […]
Read More →SEBI vide its notification dated 25th July, 2022 made amendments in SEBI (LODR) Regulations, 2015. These amendments will immediately come into effect and may be called the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2022. These amendments provides the framework for Social stock exchange which majorly provides eligibility of […]
Read More →The Central Consumer Protection Authority (CCPA), has been established under the Consumer Protection Act, 2019 to regulate matters relating to violation of rights of consumers, unfair trade practices and false or misleading advertisements which are prejudicial to the interest of public and consumers and to promote and enforce the rights of consumers as a class. […]
Read More →Ministry of Home Affairs on 01st June 2022 issued a notification requiring to amending the Companies (Appointment and Qualification of Directors) Rules, 2014. In pursuant to the amendment, it will become mandatory to obtain security clearance for individuals from countries sharing land borders with India before being appointed as directors on the boards of Indian […]
Read More →FSSAI issued order dated June 08, 2021 for mandating their 14- digit FSSAI license or registration number on cash receipts, purchase invoice, cash memo, bills etc by all food business operators (FBO). It further adds that in case there are two food business operators in any transaction generating different documents, the requirement to quote FSSAI […]
Read More →The Karnataka Government through circular dated 31st May 2021 has issued Removal of Difficulties Order, 2021 under the Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976. Whereas, Sub-section (2) of section 10 specifies that the enrolled persons shall make the payment of tax due for each year as under: In respect of a […]
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