Category: Start Ups

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Compliance Checklist: National Housing Bank Act, 1987, Refinance Booklet for Housing Finance Companies and amendment thereto

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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 […]

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FSSAI Compliance – Categorization of Drinks as Energy or Health Drink

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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 […]

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Compliance Up-Dates: New Compliances Introduced

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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, […]

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Karnataka Ban on Use of Artificial Food Colours: What Food Colours and Additives to be Used

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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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DEFINITIVE 60 OF KANNADA – Establishments in Karnataka to implement 60 percent signage rule.

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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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Draft Guidelines for Prevention of Misleading Advertisement in Coaching, 2024

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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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Dark Patterns Submerged

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Central Consumer Protection Authority have notified guidelines for Prevention and Regulation of Dark Patterns, 2023  to discourage use of Dark Patters by online sellers, marketplaces, ecommerce entities and advertisers while promoting or offering any goods or services to online users.   Dark patterns has been defined as such practices of selling goods or services wherein […]

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Filing/revising TRAN-1/TRAN-2 a one-time opportunity for the applicant

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When the GST came into existence i.e 01.07.2017, Government has allowed the assessee whether registered or not under old tax regime to claim the credit for already paid tax. For claiming the tax credit GST Registered people has to file the details in form TRANS 1 and TRANS 2. TRAN 1 is used by GST Registered […]

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