The Medical Devices Online Portal now has an automated method of producing Neutral Codes in place of the erstwhile manual method by the Central Licensing Authority. This feature makes the export process easier for manufacturers with a valid manufacturing license. The users can easily download their Neutral Code from their license dashboard, making the compliance […]
Read More →Regulatory Framework for Imports in India The Reserve Bank of India (RBI) has also issued a Master Direction on Imports of Goods and Services, which gives the procedural and regulatory guidelines for all imports to India. These guidelines establish the manner in which import payments can be made and documentary requirements for processing imports. Specific […]
Read More →Introduction to Corporate Governance Compliance Corporate governance is a system of rules, practices, and processes by which a company is directed and controlled. The Corporate Governance Report is an essential part of the disclosure obligations of listed companies. It provides information about how the company’s governance structure aligns with regulatory requirements, ensuring accountability, transparency, and fairness in […]
Read More →The amendment provides that where the transferor foreign company incorporated outside India being a holding company and the transferee Indian company being a wholly owned subsidiary company incorporated in India, enter into merger or amalgamation, both the companies shall obtain the prior approval of the Reserve Bank of India and application shall be made by […]
Read More →The National Stock Exchange International Exchange (NSE IX) on June 21, 2024, issued a circular regarding the change in the submission timeline for reporting Artificial Intelligence (Al) and Machine Learning (ML) applications and systems offered and used by market intermediaries. NSE has informed that the timeline for reporting of Artificial Intelligence (AI) and Machine Learning […]
Read More →Legal Parameter: In India, the operation of a canteen service within a company premises is subject to various laws and regulations, primarily centred around labour laws, food safety, and hygiene standards. Here are the key legal frameworks that govern canteen services in India: Labour Laws: Factories Act, 1948: Canteen Requirements: Under Section 46, if a […]
Read More →Introduction: The rising instances of misleading advertisements is undoubtedly an issue that needs to be addressed to ensure accountability from advertisers and brands and to combat associated consumer harms, especially when it comes to health, education and finance related advertisements. In line with the Supreme Court’s directive, no advertisement will be permitted to run on […]
Read More →Introduction: The Supreme Court cautioned that celebrities, influencers, and advertisers face equal accountability for endorsing and disseminating misleading advertisements, especially regarding food and health products. Highlighting a shared responsibility, the court stressed the need for accuracy in advertisements, involving both advertisers and endorsers, including celebrities and influencers. Key Highlights: The Supreme Court warned that […]
Read More →The Central Pollution Control Board (CPCB) on May 13, 2024 has notified regarding the extension in the timeline for filing of Annual Return by Producers, Importers & Brand owners (PIBOs)/Plastic Waste Processors (PWPs) registered during FY 2022-23. Further it has been stated that, the EPR portal was under updation process for enhancement of Security features […]
Read More →ESI compliances by companies registered through MCA in case of non applicability of ESI Under new process of registration of Companies on MCA portal, companies are also getting registered under ESI and PF irrespective of the applicability such laws. This has been causing problem both for the companies not covered under ESI to do the […]
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