The Ministry of Labour has published preliminary draft on code on wages inviting comments from various stakeholders and general public
The Ministry of Labour and Employment (MoLE) has invited various stakeholders and general public to give their inputs/ comments/ suggestions on Code on Wages within one month from 1st November 2019
SEBI Mandates banks to disclose divergence in asset classification
The Securities and Exchange Board of India vide notification dated 31st October 2019, has mandated banks to disclose material divergence in the asset classification and such information shall be disclosed within 24 hours of the receipt of the Reserve Banks Final Risk Assessment Report.
DGFT Issues notice to the members of trade and industry to choose the appropriate category while filing the bill of entry
Directorate General of Foreign Trade has advised the members of trade and industry to be careful while mentioning the HS Codes in Bill of Entry in case of imports and shipping bills in case of exports and indicate the specific HS codes of items at 8 digit level instead of using the “Others” category in a loose and inaccurate manner.
The Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2019
The Insolvency and Bankruptcy Board of India, in its notification dated 25th October 2019 has published The Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2019 to further amend the IBBI (Insolvency Professionals) Regulations, 2016, which has provided for every insolvency professional entity to file a compliance certificate.
Government of Maharashtra redresses technical difficulties faced by tax payers under Maharashtra State Tax on Professions, Trades, Callings and Employments Act
The Government of Maharashtra has issued a trade circular to deal with delays in obtaining professional tax enrolment/ registration by employers liable to pay professional tax. The Circular has provided the list of grounds under which an administrative relief can be granted to the tax payers for delays in obtaining the Professional tax registration.
MCA issues a warning to defaulting directors
The Ministry of Corporate Affairs on 1st November 2019, has announced in its website under the news and update column that Registrars of Companies’ are in the procedure of identifying and flagging directors in default of filing Annual returns or financial statements in the past 3 financial years.
FSSAI directs authorities to initiate enforcement of special drive for licensing from October 1, 2019
Food Safety and Standards Authority of India has vide letter dated 1st July, 2019 launched a special drive for licensing and registration of food businesses and directed the commissioners Of food safety and licensing authorities to use it for enforcement of Non or wrong registration/License. The letter dated 4 October, 2019 has directed the authorities for enforcement of special drive for licensing from October 1, 2019.
FSSAI issues direction regarding standards of formulated supplements for children and issues of their license
The Food Safety and Standards Authority of India in its notification dated 18th October, 2019, has issued direction regarding standards of formulated supplements for children and issues of their license.
FSSAI issues direction to make Food Safety and Standards (Food products Standards) Amendment Regulations, 2019 operational
The Food Safety and Standards Authority of India in its notification dated 30th October 2019, has decided to make the Food Safety and Standards (Food products Standards) Amendment Regulations, 2019, operational.
CBIC issue Clarification on eligibility to avail benefits of Sabka Vishwas Scheme
The Central Board of Indirect Taxes and Customs in its circular dated 29th October 2019, has clarified that taxpayers could avail the benefits of Sabka Vishwas Legacy Dispute Resolution Scheme, 2019 (SVLDRS) provided they withdraw appeals filed after June 2019.
