The Contracts conferring right to ‘buy or sell certain goods’ can be traded as a derivative, says new Notification
The ministry of finance vide Notification dated 18th October, 2019 issued under section 2 of the Securities Contracts (Regulation) Act, 1956, has declared that Contracts conferring right to buy or sell or a right to buy or sell in future, underlying goods qualifies as a derivative under the Act.
Government of Andhra Pradesh limits purchase of unlicensed liquor to 3 bottles
The Government of Andhra Pradesh modified its earlier order on maximum quantity of liquor bottle that a person can possess without license.
SEBI Issues Measures to Protect Securities Market Client Records
The Securities and Exchange Board of India (SEBI) ,has issued a circular on cyber security & cyber resilience framework for KYC Registration Agencies (KRAs) to protect the integrity of data and guard against breaches of privacy.
AP Employment of Local Candidates in Industries and Factories Rules, 2019
Governemnt of Andhra Pradesh has issued Andhra Pradesh Employment of Local Candidates in Industries and Factories Rules, 2019, Giving 75% of job reservation for locals, to be complied by every employer (ie Existing industries, factories, joint ventures or a project undertaken on PPP projects) in 3 years.
Government laboratories exempt from accreditation for two years; Medical Devices Rules amended
The Ministry of Health and Family Welfare has published the Medical Devices (Fifth Amendment) Rules, 2019 to exempt government laboratories from accreditation of National Accreditation Board for Testing and Calibration Laboratories for next two years.
MOHFW issues draft notification to bring all medical devices under single regulatory framework
The Ministry of Health and Family Welfare (MoHFW) has issued Draft Notification to notify the specified devices indented for use in human being or animal as “DRUGS “under section 3(b) of the Drugs and Cosmetics Act, 1940(
Effective from November 01, 2019, Ultrasound Equipment will qualify as ‘drug’ under The Drugs and Cosmetics Act
The Ministry of Health and Family Welfare, has specified ultrasound equipment device intended for external or internal use in human beings as “Drug” under Drugs and Cosmetics Act, 1940.
MCA Update on Form BEN-2
The Ministry of Corporate Affairs (MCA) on October 19, 2019 has announced on its website, that the Form BEN-2 is likely to be revised on MCA 21 company forms download page which shall be effective from 20th October 2019. Therefore, stakeholders are advised to check the latest version before making filings. Click here to read […]
CDCSO Issues list of medical devices testing laboratory to carry out test or evaluation of medical device
The Central Drugs Standard Control Organisation (“CDSCO”) in its notification dated 3rd October 2019 has added four laboratories to the list of medical devices testing laboratories who shall carry out test or evaluation of medical device on behalf of manufacturer registered under CDSCO.
XBRL taxonomy for filing Cost Audit Report changed
The Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2015 has been amended by MCA. Annexure III providing the XBRL taxonomy for filing Cost Audit Report has been substituted.
