The Department of Pharmaceuticals issued the Uniform Code for Pharmaceutical Marketing Practices (UCPMP) 2024 on March 13, 2024, with the objective to enhance ethical conduct and bring more transparency to the marketing practices of pharmaceutical companies. Key Features of the Code Attributes Brief Description   Restrictions on Marketing and Promotion of Drugs Drug advertising must […]

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Reserve Bank of India has issued Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions – 2024 on February 27, 2024, which has repealed Master Direction- Non-Banking Financial Company Returns (Reserve Bank) Directions, 2016. These Directions shall apply to the following entities collectively known as Supervised Entities (SEs): (i) All Commercial Banks […]

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Karnataka in 2022 notified THE KANNADA LANGUAGE COMPREHENSIVE DEVELOPMENT ACT, 2022 which states the importance of Kannada as language in Karnataka as official language. Importance is been given to Kannada as a mother language and steps are being taken to ensure the extensive use and propagation of Kannada Language and to co-ordinate the activities relating […]

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  S.No. Act Name Compliance Due Date 1 Master Direction- Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023 and amendment thereto NBFCs participating in IRF exchanges to submit the data to the Regional Office of the Department of Supervision where it follows FY as April to March (For the half […]

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FSSAI turnover in Alcoholic products – Regulation 2018 of FSSAI recognized alcoholic beverages as one of additional food item to be regulated through new guidelines giving pave for Food Safety and Standards (Alcoholic Beverages) Regulations, 2018 specifying the standards for Alcoholic beverages namely Distilled Alcoholic Beverage (Brandy, Country Liquor, Gin, Rum, Vodka and Whisky, Liquor […]

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Central Consumer authority have issued draft guidelines for regulation advertisement by coaching institutes in Feb 2024 for inputs from public. These guidelines will be in addition those provided in ASCI for education institutes or any other law in force.  Click here for copy of draft guidelines.   These guidelines will be applicable on all types […]

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Introduction    After a long wait, Corporate Transparency Act has finally came into force w.e.f. 1st Jan, 2024.  This is a law to ensure that persons who form corporations or limited liability companies in the United States disclose the beneficial owners of those corporations or limited liability companies, in order to prevent wrongdoers from exploiting […]

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China Compliance Updates   Extended deadline for filing and paying withholding tax for 2024   Period Taxpayer Original Extended For the month of January Every person withholding tax from the wages, royalties, interest etc. 15-Feb-2024 23-Feb-2024 For the month of March Every person withholding tax from the wages, royalties, interest etc. 15-Apr-2024 18-Apr-2024 For the […]

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