IRDAI issues circular on filing of products/riders for life insurance business.
The insurers were also allowed to introduce certain types of new products/riders under U&F process in the market in a timely manner according to the dynamic needs of the market. Based on feedback from Insurers/Appointed Actuaries, a prompt review of various circulars relating to filing of products was conducted and appropriate modifications have been carried out.
DGFT issues clarification on export of policy rice.
Therefore it has clarified that in respect of normal rice that “Rice (5% and 25%) is already exempted as it is not broken rice but normal rice with permissible limits of broken rice as per standards, however, it shall carry 20% duty as per the notification.
SEBI issues clarification on Execution of ‘Demat Debit and Pledge Instruction’ (DDPI) for transfer of securities towards deliveries / settlement obligations and pledging / re-pledging of securities.
Securities transferred on the basis of the DDPI provided by the client shall be credited to client’s TM pool account / CM pool account / demat account of clearing corporation, as the case may be. The DDPI provided by the client shall be registered in the demat account of the client by TM /CM. Stock Exchanges and Depositories shall ensure that stock broker/stock broker and depository participant providing DDPI facility, has enabled its clients to revoke / cancel the DDPI provided by them
The Medical Devices (Fifth Amendment) Rules, 2022.
As per the new rule, the State Licencing Authority shall appoint Licensing Authorities for the purpose of issuing registration certificate under this Part for such areas as may be specified. Any person who intends to sell, stock, exhibit or offer for sale or distribute a medical device including in vitro diagnostic medical device, shall make an application in Form MD-41 to the State Licensing Authority for grant of registration certificate to sell, stock, exhibit or offer for sale or distribution.
NMC directs medical colleges to submit affidavit for renewal or increase of intake of MBBS seats
Upon failure to submit affidavit in the prescribed format, the application for renewal shall not be considered during the academic year 2022-2023.
NMC directs implementation of Hospital Management Information
All medical colleges to implement Hospital Management Information System and to submit patient registration module in a timebound manner within 10th October, 2022.
Commencement of extensions to timelines for CGST compliances
It is clarified that the extended timelines for compliances are applicable to the compliances for FY 2021-22 onwards.
Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2022
No insolvency professional entity, recognized by the Board under the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016, shall be enrolled as a professional member if it is not eligible to be registered as an insolvency professional with the Board
The Special Economic Zones (Fourth Amendment) Rules, 2022.
The Unit in the International Financial Services Centre shall file Bill of Entry for home consumption in quintuplicate giving therein, description with specially stamped endorsement as “International Financial Services Centre Cargo” along with invoice and packing list with the Authorised Officer who shall register and assign a running annual serial number and assess the Bill of Entry, on the basis of transaction value, which shall not require any counter signature of the Specified Officer;
Ministry of Defence extends the Online Building Plan Approval System (OBPAS) to five more Cantonment Boards.
eChhawani is a Citizen Centric project of Directorate General of Defence Estates, Ministry of Defence to provide online services across 62 Cantonment Boards through a common web portal in paperless, faceless and cashless manner. Online Building Plan Approval System (OBPAS) module under eChhawani was initially rolled out to enable ‘Ease of Living’ and ‘Ease of Doing Business” for residents in 17 Cantonment Boards.
