On 29th May 2024, Insurance Regulatory and Development Authority of India (IRDAI) notified the Master Circular on IRDAI (Insurance Products) Regulations 2024- Health Insurance. This master circular was effective with immediate effect i.e., 29th May 2024. This circular is in addition to IRDAI (Insurance Products) Regulations 2024 and shall be read with IRDAI (Protection of […]
Read More →The Food Safety and Standards Authority of India (FSSAI) has launched a new scheme aimed at enhancing the ease of doing business in the food industry. Effective from July 1, 2024, this scheme introduces the provision for instant (Tatkal) issuance of licenses and registrations for certain categories of food businesses. This blog will provide a […]
Read More →Introduction:- Department of Economic Affairs has issued a significant notification on February 28, 2024. This notification amends some sections of the Special Economic Zones Act 2005 and the Special Economic Zones Rules 2006 as specified in column number (2) of Table 1 and Table 2, shall apply with such modifications, as specified in column number […]
Read More →The National Stock Exchange International Exchange (NSE IX) on June 21, 2024, issued a circular regarding the change in the submission timeline for reporting Artificial Intelligence (Al) and Machine Learning (ML) applications and systems offered and used by market intermediaries. NSE has informed that the timeline for reporting of Artificial Intelligence (AI) and Machine Learning […]
Read More →The Ministry of Health and Family Welfare (MoHFW) has published Indian Council of Medical Research’s (ICMR) Guidelines for Ethical use of Leftover De-identified/ Anonymous Samples for Commercial Purpose. These specimens include organs, parts of organs, cells, tissues, cell products such as blood, blood products (even positive for eHBsAG/HCV/HIV/Syphilis and expired blood), urine, saliva, DNA/RNA, hair, nail clippings, […]
Read More →Purpose The Global Minimum Tax Act has come up with the global minimum tax (minimum top-up tax) under Pillar Two as developed by the Organisation for Economic Co-operation and Development (OECD)/G20 Inclusive Framework on Base Erosion and Profit Shifting. It was agreed by over 135 member jurisdictions of the OECD/G20 in October 2021, the two-pillar […]
Read More →The Government of Maharashtra on 19th June 2024, has notified the Maharashtra Factories (Safety Audit) (Amendment) Rules, 2024 to further amend Maharashtra Factories (Safety Audit) Rules, 2014, effective immediately. Applicability Rule 1(2): These rules shall apply to the factories in the State of Maharashtra – in which manufacturing processes, which involves use, storage, handling […]
Read More →The International Financial Services Centres Authority (IFSCA) vide circular dated June 28, 2024, has issued the new form and manner outlining the process for seeking registration and other requirements under International Financial Services Centres Authority (Book-keeping, Accounting, Taxation and Financial Crime Compliance Services) Regulations, 2024. KEY HIGHLIGHTS: Who Needs to Register? Any entity intending to […]
Read More →The Food Safety and Standards Authority of India (FSSAI) has proposed to make new revisions in the labelling and display requirements as mentioned under the Food Safety and Standards (Labelling and Display) Regulations, 2020. Food brands and packaged food entities are required by these new requirements to bring the below-mentioned changes in there packaging. Font […]
Read More →Legal Parameter: In India, the operation of a canteen service within a company premises is subject to various laws and regulations, primarily centred around labour laws, food safety, and hygiene standards. Here are the key legal frameworks that govern canteen services in India: Labour Laws: Factories Act, 1948: Canteen Requirements: Under Section 46, if a […]
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