The Sales Promotion Employees (Conditions of Service) Act, 1976, was enacted to regulate the terms of employment and to provide for certain conditions for the sales promotion employees in certain establishments. Applicability: Initially, the act applied to only sales promotion employees working in pharmaceutical industry but vide Ministry of Labour & Employment Notification No. S. […]
Read More →Financial institutions, Banks, or intermediaries, are required to ensure that their non-profit organization (NPO) customers have been verified on NITI Aayog’s DARPAN portal. This directive is part of broader efforts to enhance transparency and compliance within the financial sector, particularly concerning organizations that could be vulnerable to misuse for money laundering activities. The NGO-DARPAN […]
Read More →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 →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 →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 →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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