With a view of upholding transparency and fairness in the lending operation of Regulated entities, On 29th April 2024, RBI issued a circular regarding the Fair Practices Code for Lenders – Charging of Interest. The circular is effective with an immediate effect. Who is included in the definition of Regulated Entities (RE(s))? Non-Banking Financial Companies […]
Read More →Introduction Alternative Investment Funds (AIFs), which provide investors with a variety of options outside of conventional investment instruments, have seen a notable increase in the Indian investing scene in recent years. Regulators have been watching this growing industry, though, especially with regard to investments made later on in bankrupt enterprises. The purpose of this circular […]
Read More →In exercise of the power conferred upon under rule 12 of the West Bengal State Tax on Professions, Trades, Callings and Employments Rules, 1979 the last date of filing return in Form-lll for the period mentioned below is extended as specified in the below given table issued in the Order dated 26-04-2024. Period in […]
Read More →In Karnataka, the preservation and promotion of Kannada language and culture stand as paramount objectives, deeply rooted in the state’s rich heritage. Recent legislative amendments and institutional initiatives underscore the government’s commitment to safeguarding Kannada identity and fostering linguistic pride among Kannadigas. In recent times, the state government of Karnataka has shown intent in […]
Read More →The Union Ministry of Housing and Urban Affairs (MoHUA) estimated that nearly 30-40 per cent of waste in a city is generated by Bulk Waste Generators (BWGs). Henceforth, the Municipal Corporation Gurugram (MCG) has augmented its efforts in waste management by defining a Bulk Waste Generator (BWG) and launching a dedicated Waste Management Portal. This […]
Read More →The National Housing Bank (NHB) plays a crucial role in supporting Housing Finance Companies (HFCs) by offering refinance assistance. Let’s delve into the key aspects of this program: Purpose of Refinance Assistance Individual Housing Loans: NHB provides refinance assistance to HFCs for housing loans extended to individuals. This helps HFCs manage liquidity and continue their […]
Read More →Viewing, the increase market ration of energy drinks among youngsters and reports on effects of such drinks containing caffeine, guarana, glucuronolactone, taurine, ginseng, inositol, carnitine, B-vitamins etc. as main ingredients that act as stimulants, FSSAI with help of expert group set up standards for ingredients, so such could be put to use till they do […]
Read More →Key amendments in REIT Compliances SEBI vide its notification dated 8th of March, 2024 have notified Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2024. Brief synopsis of additional compliances introduced are as under: S. No. Sub Head Compliance Description Periodicity Effective Date 1 Other Compliance Investment manager to […]
Read More →A. SEBI Stock-Brokers Regulations, 1992 S.No. Sub Head Compliance Description Periodicity Effective Date 1 Returns Trading members other than members using Algorithm software to submit an annual report on ENIT portal regarding Artificial Intelligence (AI) and Machine Learning (ML) applications and systems offered and used by market intermediaries for the period ending March 31, […]
Read More →Introduction On 11th March 2024, Monday, the Karnataka government banned the use of Rhodamine-B, a food colouring additive found in popular foods such as Gobi Manchurian and cotton candy. Rhodamine-B is a chemical colouring agent that is said to be used in the dyeing of clothing, paper, leather, printing, and plastics. It is […]
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