Petroleum and Natural Gas Regulatory Board (Levy of Fee and Other Charges) Amendment Regulations 2022
Regulations provides the procedure for application for renunciation and transfer of authorization and the amount of fee charged for application. The amended regulations will come into effect immediately.
Securities And Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2022
The amendment provides that sponsors which invest in various companies on behalf of the beneficiaries of insurance policies or such other schemes shall not qualify as associates of mutual funds. The amended regulations will come into effect immediately.
Master Direction on External Commercial Borrowings, Trade Credits and Structured Obligations
This Master Direction has been issued to lay down the modalities as to how the foreign exchange business has to be conducted by Authorized Persons [under the Foreign Exchange Management Act (FEMA), 1999], with their customers/constituents to implement the regulations framed thereunder.
Revised Unified Access Service License (UASL) Agreement for change in FDI Compliance Report
The amendment revises the date of submission of compliance report by the licensee regarding license and security conditions on Indian and foreign equity to the licensor for the position as on 1st of January and 1st of July.
Master Directions-Priority Sector Lending (PSL)- Targets and Classification
The Master Directions aims to ensure that the lending policies are aligned with national priorities and are environment friendly to help achieve Sustainable Development Goals (SDGs).
IRDAI notifies Insurance Regulatory and Development Authority of India (Expenses of Management of Insurers transacting life insurance business) Draft Regulations, 2022.
All insurers transacting Life insurance business, at the expiration of each financial year, shall prepare with reference to that year a Return of Expenses of Management. The Return shall be signed by the Chief Executive Officer, the Chief Financial Officer and the Chief Compliance Officer of the Insurer.
The Insurance Regulatory and Development Authority of India (Insurance Intermediaries) (Draft Amendment) Regulations, 2022.
The objective of this amendment is to enable the prospects and policyholders to have wide access in purchasing insurance in the expanding market through various distribution channels and enhancing the reach of insurance to every nook and corner of the country, thereby increase the insurance penetration.
Government of Telangana extends various welfare scheme benefits to the building & other construction workers and their dependants registered with the Telangana BOCW Welfare Board.
In order to provide benefits to the beneficiaries under the Scheme conveniently, the Board through its Implementing Authority shall make all the required arrangements to ensure that wide publicity through the media shall be given to the beneficiaries to make them aware of the said requirement.
CBIC notifies applicability of GST on liquated damages.
Agreeing to the obligation to refrain from an act or to tolerate an act or a situation, or to do an act” has been specifically declared to be a supply of service in para 5 (e) of Schedule II of CGST Act if the same constitutes a “supply” within the meaning of the Act.
Manufacturers/packers/importers of pre-packaged commodities allowed to declare the revised retail sale price (MRP) on the unsold stock prior to revision of GST
Central Government has permitted manufacturers or packers or importers of pre-packaged commodities to declare the revised retail sale price (MRP) on the unsold stock prior to revision of GST, after inclusion or reduction of applicable amount of tax, in addition to the existing MRP upto 31st January 2023 or till such date the stock is exhausted, whichever is earlier
