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Updates For the Day: June 29, 2021

RBI revises definition of Micro, Small and Medium Enterprises

The amendment clarifies that existing Entrepreneurs Memorandum (EM) Part II and Udyog Aadhaar Memorandum (UAMs)...
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RBI clarifies about public document issued on ‘High-Risk Jurisdictions subject to a Call for Action’

The Financial Action Task Force (FATF), vide public document ‘High-Risk Jurisdictions subject to a Call...
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Revised compendium on ‘channel of submission and level of final disposal of cases’

The Ministry of Environment, Forest and Climate Change through circular dated 18 June, 2021 has...
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Guidelines for Technical Standards for the Performance of Core Services and Other Services under the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017

The Insolvency and Bankruptcy Board of India has issued Guidelines for Technical Standards for the...
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RBI issues Guidelines for Managing Risk in Outsourcing of Financial Services by Co-operative Banks.

The co-operative banks shall consider all relevant laws, regulations, guidelines and conditions of approval, licensing...
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CBIC issues clarification on Applicability of Dynamic QR Code on B2C Invoices.

The Board has clarified that the Dynamic QR Code is required for invoices issued to...
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The Central Motor Vehicles (Draft Amendment) Rules, 2021.

Through this draft amendment the compatibility of vehicle to level of ethanol blend of E12...
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DGFT amends the import policy of Potatoes.

The Import of Potatoes from Bhutan is permitted freely, without any license, up to 30th...
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