Food Safety and Standards (Food Products Standards and Food Additives) First Amendment Regulations, 2019
The Food Safety and Standards (Food Products Standards and Food Additives) First Amendment Regulations, 2019, defined the term “Drinking water (purified)”. The Food Safety and Standards (Food Products Standards and Food Additives) First Amendment Regulations, 2019, defined the term “Drinking water (purified)”. As per the amendment, Drinking Water (Purified) means water, other than packaged drinking […]
33rd GST Council meeting Recommendations
33rd GST Council meeting was held on 24th February, 2019. The meeting focused on Real estate sector. Following important recommendations were made in the meeting to boost the sector: GST rate(effective from 1st of April, 2019) GST shall be levied at effective GST rate of 5% on residential properties outside affordable segment and at 1% on […]
Companies (Adjudication of Penalties) Amendment Rules, 2019
Ministry of Corporate Affairs notified Companies (Adjudication of Penalties) Amendment Rules, 2019 on 19th February, 2019. Following significant changes have been brought in the Companies (Adjudication of Penalties) Rules, 2014 by amending Rule 3: i) The period to show cause to written notice issued by adjudicating officer, by the company and to every officer of […]
RBI extends timeline for completion of KYC for PPIs
The Reserve Bank of India has extended time period by six months for PPI issuers to complete the KYC process vide press release issued on 25th February, 2019. As per the Master Direction on Issuance and Operation of Prepaid Payment Instruments (PPIs) released on 11th October 2017, PPI issuers were required to complete the Know […]
