NPPA extends capping of trade margin on oxygen concentrators till 30th June 2022.

NPPA in its earlier notification, capped the price of oxygen concentrator through trade margin rationalisation approach at first point of sale of product, referred as Price to Distributor, as per a prescribed formula by invoking Paragraph 19 of Drugs Prices Control Order (DPCO) – 2013 in wake of increase in demand due to pandemic.

MCA waives late fees for filing various LLP e-forms.

The Ministry has decided to allow LLPs to file various event-based LLP e-Forms, due dates which are falling between 25th February 2022 and 31st May 2022, without paying additional fees up to 30th June 2022.

Income-tax (Sixteenth Amendment) Rules, 2022

The amendment provides that the form and manner of filing appeal to the High Court against a ruling pronounced or order passed by the Board for Advance Rulings by the assessee, or the Assessing Officer on the directions of the Principal Commissioner or Commissioner, shall be the same as provided in the applicable procedure laid down by the jurisdictional High Court for filing an appeal to the High Court.

Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2022

The amendment provides that in case of a compromise or an arrangement or merger or demerger between an Indian company and a company or body corporate which has been incorporated in a country which shares land border with India, a declaration in Form No. CAA-16 shall be submitted along with the application.