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Important Notice: Submission of Biennial Return ER-II for Private Establishments in Gurugram Under the Employment Exchanges Act, 1959 (Haryana)

As per notification dated 02.09.2024 (Letter No: EMI/ER-II/2024/979), under the Employment Exchanges (Compulsory Notification of Vacancies) Act, 1959 (Haryana), all private establishments are now required to submit the Biennial Return in Form ER-II to the local Employment Exchange. The directive mandates that all District Units and Private Establishments of Haryana must complete and submit their ER-II return using the statistical data from the ER-I return […]

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Bird’s eye view of recent notified laws

Change is the law of nature. Growth and expansion of business models and the overall economy necessitates the need for new legislations and/or modify the outdated ones. Here is the compilation of various laws notified by Government both at Central and various State levels during recent times along with their scope and applicability:   Name […]

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Guidelines for Advertisements Making Environmental/ Green Claims

The Advertising Standards Council of India (ASCI) issued Guidelines for Advertisements Making Environmental/ Green Claims to ensure that Environmental/Green Claims by businesses are reliable, verifiable, and transparent.  These guidelines respond to the growing consumer demand for environmentally friendly products and services. These further aim to enable consumers to make informed choices and prevent misleading greenwashing […]

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FSSAI licence of KFC unit suspended over use of magnesium silicate-synthetic

Background A recent development has highlighted the important development in the food industry, the Food Safety and Standards Authority of India has suspended the license of a KFC outlet in Thoothukudi, Tamil Nadu. The restaurant in Velavan Hypermarket complex was inspected by a team headed by District Food Safety Designated Officer Mariyappan and Area Food […]

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Fraud Risk Management in Urban Cooperative Banks (UCBs) / State Cooperative Banks (StCBs) / Central Cooperative Banks (CCBs)

On July 15, 2024, Reserve Bank Of India issued Master Directions on Fraud Risk Management in Urban Cooperative Banks (UCBs) / State Cooperative Banks (StCBs) / Central Cooperative Banks (CCBs) superseding the earlier directions on the subject, namely, ‘Master Circular– ‘Classification and Reporting’ (DCBR.CO.BPD.MC.No.1/ 12.05.001/2015-16) dated July 1, 2015. These Directions are issued with a […]

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Key Highlights – Master Circular on IRDAI (Insurance Products) Regulations 2024- Health Insurance

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 […]

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Simplifying Business Operations: FSSAI’s Instant Licensing Initiative for Food Enterprises

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 […]

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Central Government amends SEZ norms in respect of financial products, financial services or financial institutions in an International Financial Services Centre

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 […]

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Timeline for reporting of Artificial Intelligence (AI) and Machine Learning (ML) applications and systems offered and used by market intermediaries

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 […]

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MoHFW issues guidelines for ethical use of ‘leftover, de-identified and anonymous samples’ for commercial use

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, […]

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