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Guidelines issued by TRAI under TCCCPR 2018 for preventing Unsolicited Commercial Communications.

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Telecom Regulatory Authority of India (TRAI) has issued important guidelines under Telecom Commercial Communications Customer Preference Regulations, 2018 (TCCCPR 2018) with respect to the sending of commercial communication using telecom resources through Voice Calls or SMS to prevent Unsolicited Commercial Communications (UCC). The senders of commercial communications such as banks, insurance companies, stockbrokers, SMEs or […]

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Cinematographic (Certification) Rules, 2024

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Cinematograph (Certification) Rules, 2024, notified by the Ministry of Information and Broadcasting, Government of India in supersession of the Cinematograph (Certification) Rules, 1983. The long-standing Cinematograph (Certification) Rules of 1983 have been replaced by a comprehensive overhaul of the certification procedure, marking a significant step towards modernizing and streamlining the certification of films for public […]

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Furnishing of a statement in form 3AF for claiming deduction with regard to preliminary expenses incurred under section 35D under income tax act 1961

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Section 35D of the Income Tax Act, 1961, provides for the amortization of certain preliminary expenses incurred by a business or profession. These expenses are incurred before the commencement of the business or profession and include expenses such as legal fees, registration fees, and incorporation fees for claiming deduction assessee has to submit the form 3AF. […]

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Registration and Returns compliances for Portfolio Managers under Master Circular of Portfolio Managers issued vide Circular No. SEBI/HO/IMD/IMD-POD-1/P/CIR/2024/80 dated June 07, 2024

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Securities and Exchange Board of India (“SEBI”) has issued Master Circular for Portfolio Managers for effective regulation of Portfolio Managers vide Circular No. SEBI/HO/IMD/IMD-POD-1/P/CIR/2024/80 dated June 07, 2024 which supersedes the Master Circular for Portfolio Managers dated March 20, 2023. Applicability:- It is applicable to all Portfolio Managers and Association of Portfolio Managers in India […]

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Consequence of failure to maintain Net Worth by Capital Market Intermediaries (CMIs)

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International Financial Services Centres Authority has issued a Circular F. No. IFSCA-DSI-4-2024-Capital Market- dated 5th Sept 2024 under Regulation 6 of International Financial Services Centres Authority (Capital Market Intermediaries) Regulations, 2021 which states that Capital Market Intermediaries (CMIs) who fails to maintain Net Worth at any time shall not undertake any existing or new business […]

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SOCIAL SECURITY LAWS IN UNITED ARAB EMIRATES

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Social Security law in the UAE is designed to provide financial protection and welfare benefits to employees and their families. The system primarily focuses on ensuring social stability through pension schemes, unemployment benefits, and health insurance. Social security contributions apply only for UAE and GCC nationals working within the UAE. If UAE/ GCC nationals are […]

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Payment of Bonus in West Bengal before Durga Pooja

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The Governor of West Bengal has issued guidelines to ensure the timely and fair Payment of Bonus to employees by 30th September 2024  i.e., before Durga Puja 2024, as per the Payment of Bonus Act, 1965 and its 2015 Amendment. These guidelines aim to maintain industrial peace and harmony. The key highlights on actionable are […]

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Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2024

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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 […]

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Important Notice: Submission of Biennial Return ER-II for Private Establishments in Gurugram Under the Employment Exchanges Act, 1959 (Haryana)

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As per notification dated 02.09.2024 (Letter No: EMI/ER-II/2024/979), under the Employment Exchanges (Compulsory Notification of Vacancies) Act, 1959 (Haryana), all private establishments are now required to submit the Biennial Return in Form ER-II to the local Employment Exchange. The directive mandates that all District Units and Private Establishments of Haryana must complete and submit their ER-II return using the statistical data from the ER-I return […]

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