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Updates For the Day: March 22, 2023

IRDAI amends Master Guidelines on AML/CFT

The Master Circular now defines “Politically Exposed Persons (PEPs)” and assigns them the meaning as...

DoT invites public comments on TSDSI transposed standards

Telecom Standards Advisory Committee (TSAC) in its meeting held on 16th March, 2023 decided to...

DoT notifies Constitution of Bharat 6G Mission and Apex Council

The notice states that an Apex Council has been constituted, comprising of 22 members. The...

NSE Revises list of Approved Securities and Approved Banks in Futures and Options Segment

The Circular, inter alia, stipulates for market wide applicable limit, member security specific limits and...

NSE Revises list of Approved Securities and Approved Banks in Commodity Derivatives Segment

The revised list of approved securities, GOI securities, open ended mutual funds, corporate bonds and...

Heal in India Initiative

Under this scheme, financial assistance in the form of Interest Subsidy is provided to private...

PMFME scheme to support setting up of 2 lakh micro food processing enterprises through credit linked subsidy

Under component schemes of PMKSY, MoFPI provides mostly credit linked financial assistance (capital subsidy) in...

Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) to facilitate expansion of food processing capacity by creating champion brands in Food Processing Sector

Under component schemes of PMKSY, MoFPI provides mostly credit linked financial assistance (capital subsidy) in...

Advisory for the taxpayer wishing to register as “One Person Company” in GST

It is advised that in the ‘Part B’ of GST Registration Form ‘REG-01’, applicant may...

NCLT clarifies that just because a creditor enjoys security interest, it cannot be treated higher than other creditors who have financed the Corporate Debtor

Tribunal clarified that such creditors are treated differently, then all secured creditors would dissent in...

Stocking small quantities of medicine will not amount to the offence of unauthorized stocking of medicines as per Section 18(c) of Drugs and Cosmetics Act 1940

A Two Judge Bench of the Supreme Court comprising of Justice Sudhanshu Dhulia and Justice...