Draft Central Motor Vehicles (Amendment) Rules, 2022

Objections or suggestions, if any, may be sent to the Joint Secretary (MVL, Transport, Toll), Ministry of Road Transport and Highways, Transport Bhawan, Parliament Street, New Delhi-110 001, Email: commentsmorth@gov.in. within 30 days of publication of this notification.

SEBI approves the proposal to introduce pre-filing of offer document as an optional alternative mechanism for the purpose of Initial Public Offer on the Main Board of Stock Exchanges.

The Board approved the proposal to mandate the issuers coming out with IPO, to make disclosure of Key Performance Indicators (KPIs) and price per share of issuer based on past transactions and past fund raising done by the issuer from the investors under ‘Basis for Issue Price’ section of the offer document, and in Price Band Advertisement.

The Sugarcane (Control) (Amendment) Order, 2022.

notwithstanding anything contained in this sub-clause, in view of the problems faced by the project proponents on account of lockdown imposed due to Corona Virus Pandemic (COVID-19) and its subsequent consequences, further extension of two years may be granted beyond the period stipulated or extended under this clause for implementation of Industrial Entrepreneur Memorandum if such stipulated period or extension falls during the period between the 1st day of March, 2020 and the 28th February, 2022 and in such cases, the condition relating to furnishing of bank guarantee shall not apply.

CBDT extends due date for filing of various reports of audit for the Assessment Year 2022-23 under the Income-tax Act, 1961.

On consideration of difficulties faced by the taxpayers and other stakeholders in filing of various reports of audit for the Assessment Year 2022-23 under the Income-tax Act,1961(Act), Central Board of Direct Taxes (CBDT) has decided to extend the due date for filing of various reports of audit for the Assessment Year 2022-23, which was 30th September, 2022 to 07th October, 2022.

Draft Central Motor Vehicles (Amendment) Rules, 2022

Every diesel driven agricultural tractor manufactured on and from the date of 1st January, 2023 shall comply with Limit Values for Type Approval (TA) and Conformity of Production provided under Rule 115A of Central Motor Vehicles Rules, 1989.

SEBI extends two-factor authentication for transactions in units of Mutual Funds.

In case of subscription and redemption of units, Two-Factor Authentication (for online transactions) and signature method (for offline transactions) shall be used for authentication. One of the Factors for such Two-Factor Authentication for non-demat transaction shall be a One-Time Password sent to the unit holder at his/her email/ phone number registered with the AMC/RTA. In case of demat transaction, process of Two-Factor authentication as laid down by the Depositories shall be followed.

RBI hikes Repo Rate by another 50 basis points to 5.9%

Consequently, the standing deposit facility (SDF) rate stands adjusted to 5.65 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 6.15 per cent. The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth.