The notification highlights the process for handling complaints received in any ESIC office related to non-compliance by factories/establishments, which require regular inspection. The Compliance Assessment and Inspection Unit (CAIU) is tasked with examining these complaints, proposing actions, and overseeing them until resolution. The CAIU is also entrusted with analyzing compliance and non-compliance data for employers under the ESI Act to establish evidence-based criteria for inspecting units.

Seamless Comment: The ESIC's recent notification underscores the importance of efficient complaint resolution and compliance monitoring in workplaces covered by the ESI Act. By introducing a prescribed proforma for complaint cases necessitating inspection or SPV verification, the ESIC aims to streamline and standardize the process, ensuring that compliance issues are thoroughly investigated and resolved. This move aligns with broader efforts to enhance workplace safety, employee welfare, and regulatory compliance. It is crucial for regional and sub-regional ESIC offices, as well as employers under the ESI Act, to be aware of and adhere to these procedural requirements to ensure smooth compliance and dispute resolution processes. Legal counsel may be advisable for businesses to navigate these compliance procedures effectively.

Source: https://www.esic.gov.in/attachments/circularfile/5bdc0b5d25154e24b927886442907747.pdf

The Employees' Provident Fund Organisation (EPFO), on August 23, 2023, introduced a Standard Operating Procedure (SOP) for the processing of Joint Declarations aimed at member profile updates. This SOP provides a structured framework for handling joint declarations, emphasizing the importance of adherence to its guidelines. Notably, any aspect not explicitly covered within the current SOP will continue to be governed by the existing Manual of Accounting Procedure (MAP).

Seamless Comment: The release of a Standard Operating Procedure (SOP) by EPFO signifies a step toward ensuring efficient and consistent processes for handling joint declarations related to member profile updates. It is crucial for EPFO stakeholders, including employers and members, to familiarize themselves with the newly established SOP and implement its procedures accordingly. The existence of clear guidelines not only streamlines operations but also enhances transparency and accountability. Any ambiguity or gaps not addressed by the SOP should be managed by referring to the existing Manual of Accounting Procedure (MAP). It is advisable for stakeholders to consult with EPFO authorities or legal experts for a comprehensive understanding of the SOP's implications and to ensure compliance with EPFO regulations.

Source: https://www.epfindia.gov.in/site_docs/PDFs/Circulars/Y2023-2024/SOP_JointDeclarations_29082023.pdf

The Employees' State Insurance Corporation (ESIC), on August 17, 2023, issued a significant notification regarding the amendment of rule 55(1) and 56(1) of the ESI (Central) Rules, 1950. This amendment aimed to relax the eligibility conditions for sickness benefit and maternity benefit, specifically for the benefit period spanning from January 01, 2021, to June 30, 2021. The Gazette Notification confirming this amendment was dated July 25, 2023. The decision to amend these rules was driven by the welfare concerns of Insured Persons (IPs) and Insured Women (IW) who faced difficulties in accessing ESIC benefits due to not meeting the minimum requirement of 78 days' contribution. This proposal was approved in the 184th meeting of the ESI Corporation, and subsequently, the Government of India officially notified the amendment on July 25, 2023. In light of this amendment, all Regional Offices and Sub-Regional Offices have been instructed to review claims received from IPs/IWs for the benefit period from January 01, 2021, to June 30, 2021, and expedite their settlement.

Seamless Comment: ESIC's amendment to relax eligibility conditions for sickness and maternity benefits, particularly for the benefit period between January 01, 2021, and June 30, 2021, is a laudable step towards ensuring that individuals facing difficulty accessing these benefits receive much-needed support. This amendment demonstrates ESIC's commitment to adapt and cater to the evolving needs of insured individuals. Regional and Sub-Regional Offices should diligently implement the new eligibility criteria, review claims promptly, and settle them expeditiously to provide essential support to those in need. This amendment reflects a proactive approach to social welfare and should benefit IPs and IWs who previously fell short of the contributory requirements.

Source: https://www.esic.gov.in/attachments/circularfile/e5da0699fbbae91fd5048c679a5beafc.pdf

The Government of Punjab, on August 11, 2023, issued amendments to the Punjab Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Rules, 2008. These changes, effective from the same date, include revised membership certification, modified contribution remittance procedures, and the introduction of a new certificate format. These amendments aim to simplify compliance and improve conditions for construction workers in Punjab. Stakeholders should review and adhere to the updated rules for compliance.

Seamless Comment: The introduction of amendments to the Punjab Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Rules demonstrates the government's commitment to enhancing the regulation of employment and conditions of service for construction workers. The amendments streamline administrative processes by allowing a broader range of authorities to issue certificates regarding employment, providing flexibility in remitting contributions, and introducing a revised certificate format. These changes are expected to simplify compliance for both workers and employers in the construction industry. However, it is advisable for stakeholders to closely review the amended rules and ensure compliance with the new provisions to avoid any regulatory issues.

Source: https://compfie.aparajitha.com/wp-content/uploads/2023/08/18082023_LEI_02.pdf

The government has introduced an increase in the amount available under the provident fund for women, aligning with the objectives of the EPF Scheme, 1952. This scheme aims to provide social security to all employees, regardless of gender, working in EPF-covered establishments. As per the EPF Scheme, 1952, employees earning monthly wages up to Rs. 15,000 are mandatorily enrolled in the fund, contributing 12% of their wages, including basic wages, dearness allowance, and retaining allowance, if applicable. Employers are also required to contribute 12% of employees' wages.

Seamless Comment: The increase in provident fund benefits for women is a significant move towards enhancing social security and financial well-being for female employees in EPF-covered establishments. It promotes gender equality and aligns with the principles of inclusive social security. While the Code on Social Security, 2020, aims to streamline and modernize labor regulations, it's important to note that the specific provisions regarding the determination of contribution rates have not yet been implemented. Employers and employees should stay informed about changes in the EPF Scheme and the Code on Social Security as they evolve to ensure compliance with the latest regulations.

Source: https://labour.gov.in/sites/default/files/pib1944361.pdf

The Ministry of Labour & Employment (MoL&E), on July 31, 2023, issued a notification extending social security benefits to gig workers. This move is part of broader labor law reforms aimed at protecting workers, including those in non-traditional employment arrangements. The Code on Social Security, 2020, introduced as part of these reforms, mandates comprehensive social security plans for gig and platform employees, covering areas like insurance, health, and retirement benefits. Additionally, the Code establishes a Social Security Fund funded by aggregators, ensuring greater financial security for gig workers.

Comment: The MoL&E's notification represents a pivotal development in ensuring gig workers have access to essential social security protections. The extension of benefits, including insurance and retirement provisions, underscores the government's commitment to improving the well-being of gig workers. The establishment of a Social Security Fund funded by aggregators provides a sustainable mechanism for supporting workers in non-traditional employment arrangements. Gig workers and aggregators should stay informed about these reforms and their implications to ensure compliance and maximize the benefits provided by the Code on Social Security, 2020.

Source: https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1944372

On August 01, 2023, the Government of Maharashtra issued a notification establishing the basic minimum wages for workers in certain industries. These rates are applicable for the period up to December 31, 2023. Industries Covered Include:

• Motor Repair Workshop Industry
• Bakery Industry
• Pharmaceutical Industry
• Dairy Industry
• Food Industry
• Film Production Industry

Seamless Comment: The Maharashtra Government's issuance of basic minimum wages for specific industries demonstrates a commitment to ensuring fair and equitable compensation for workers in these sectors. Setting industry-specific wage rates helps address varying cost-of-living considerations and labor market dynamics. 

Source: https://seamlessglobal.co/wp-content/uploads/2023/09/Maharashtra_PDF.pdf

On July 27, 2023, the Employees’ Provident Fund Organisation (EPFO) took a significant step by releasing comprehensive guidelines for the filing of complaints with EPFO Vigilance. These guidelines aim to streamline the complaint process and ensure that grievances related to EPFO fall within its jurisdiction. Notable provisions include directing redressal of service delivery grievances to the Customers Service Division (CSD) of EPFO or the respective Regional PF Commissioners in relevant Regional Offices. To facilitate this, complaints can be lodged through the Complaint Management System (CMS) Portal available on the Central Vigilance Commission (CVC) website. 

Seamless Comment: Importantly, the guidelines emphasize that complaints should not be anonymous or pseudonymous, except for those filed under the PIDPI Resolution, ensuring transparency and accountability in the process. Furthermore, these guidelines stipulate that no action will be taken on anonymous or pseudonymous complaints, underscoring the importance of accountability in addressing grievances within EPFO.

Source: https://www.epfindia.gov.in/site_docs/PDFs/Circulars/Y2023-2024/Vig_Guidelines_filingofcomplaints_01082023.pdf

On August 7, 2023, the Ministry of Labour & Employment (MoL&E) issued a notification concerning daily wage workers operating in local areas. This notification aligns with the Unorganised Workers’ Social Security Act, 2008, which mandates the government to provide social security to unorganized sector workers, including those engaged in daily wage labor. The notification outlines the formulation of welfare schemes covering life and disability cover, health and maternity benefits, old-age protection, and other relevant benefits as determined by the Central Government. 

Seamless Comment: Notably, life and disability coverage are provided through the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY). Additionally, the Pradhan Mantri Shram Yogi Maan-Dhan (PM-SYM) pension scheme ensures old-age protection, offering a monthly pension of Rs. 3,000 after reaching the age of 60. For comprehensive details, please refer to the attached document, reaffirming the government's commitment to enhancing social security for daily wage workers in local areas.

Source: https://pib.gov.in/newsite/pmreleases.aspx?mincode=21

On August 7, 2023, the Government of Karnataka took a significant step by notifying the Factories (Karnataka Amendment) Act, 2023, which introduces amendments to the Factories Act, 1948, as applicable to the State of Karnataka. These amendments address several key aspects of labor regulations in factories, including daily working hours, intervals for rest, spread-over time, extra wages for overtime, the power to make exempting orders, and further restrictions on women's employment. 

Seamless Comment: The amendments, designated under [KARNATAKA ACT NO. 33 OF 2023], reflect the government's commitment to updating and refining labor laws to better suit the needs and conditions of the state's workforce while ensuring safety, fairness, and compliance within factory operations.

Source: https://erajyapatra.karnataka.gov.in/WriteReadData/2023/6043.pdf

On August 11, 2023, the Government of Punjab took a significant step by publishing the Punjab Building and Other Construction Workers (Regulation of Employment and Conditions of Service) (Amendment) Rules, 2023. These rules introduce amendments to the existing Punjab Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Rules, 2008. Effective immediately on August 11, 2023, these amendments bring about notable changes to the rules governing the employment and conditions of service for building and construction workers in the state.

Seamless Comment: The amendments cover several key areas, including membership, contribution to the fund, and the required certificate for employment verification. Notably, in rule 260, the criteria for membership have been expanded to accept certificates from various authorities, individuals, or officers authorized by the Board, rather than solely from employers or contractors. Rule 261 regarding contribution to the fund has been modified to allow for advanced remittance for one year when applying for registration or renewal, providing more flexibility in the payment process. Additionally, the rules include the substitution of Form No. XXVII, which pertains to certification of employment for building and construction workers.

Source: https://seamlessglobal.co/wp-content/uploads/2023/09/Punjab-_Notification.pdf

The notification issued by the Labour Department of the Government of National Capital Territory of Delhi (GNCTD) on July 31, 2023, brings important clarity regarding the registration of Trade Unions and Federations of Trade Unions with All India Jurisdiction by the Registrar Trade Union Delhi. The Ministry of Labour & Employment's letter dated July 07, 2023, serves as a foundation for this notification, emphasizing the definition of "appropriate Government" under section 2 of the Trade Unions Act, 1926. This section distinctly designates the Central government for Trade Unions with objectives spanning multiple states, while State government jurisdiction applies to other Trade Unions.

Seamless Comment: Furthermore, the notification acknowledges a Gazette Notification under the Indian Union Act 1926 and provides accompanying references for added context. It underscores the need for appropriate measures to be taken in the registration process of Trade Unions and Federations with All India Jurisdiction, aligning with the Ministry of Labour & Employment's directive. This notification serves to establish a clear framework for the registration of Trade Unions with broad-ranging jurisdictional mandates, ensuring compliance and uniformity in the process.

Source: https://it.delhigovt.nic.in/writereaddata/Cir202363292.pdf

On August 10, 2023, the Reserve Bank of India (RBI) released a Statement on Developmental and Regulatory Policies, unveiling a series of measures across various domains. These policies span Financial Markets, Regulation and Supervision, Payment Systems, and the rapidly evolving realm of FinTech. The comprehensive framework introduced in Financial Markets focuses on benchmark administration, covering foreign exchange, interest rates, money markets, and government securities. This extends to benchmarks such as certificates of deposits (CDs) rates, repo rates, and FX Options Volatility Matrix. 

Seamless Comment: To promote UPI-Lite, offline transactions using Near Field Communication (NFC) technology have been facilitated with defined transaction and instrument limits. Finally, in the realm of FinTech, RBI's Innovation Hub is developing a digital Public Tech Platform to enable seamless and frictionless credit delivery by streamlining the flow of digital information to lenders. These policy measures underline RBI's commitment to enhancing the efficiency and security of India's financial landscape. 

Source: https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=56174

In a significant move towards embracing digital transformation in the financial sector, the Reserve Bank of India (RBI) initiated the Pilot Project for a Public Tech Platform on August 14, 2023. This pioneering platform is designed to usher in an era of frictionless credit delivery by streamlining the flow of essential digital information to lenders. It boasts an open architecture, open Application Programming Interfaces (APIs), and standardized protocols, thereby fostering seamless connectivity for all stakeholders in the financial landscape in a 'plug and play' model.

Seamless Comment: This visionary platform is slated to launch as a pilot project, strategically calibrated for both information providers' access and use cases. It is poised to bring unprecedented efficiency to the lending process, marked by reduced costs, accelerated disbursements, and scalability. As the Pilot Project takes flight on August 17, 2023, it holds the promise of transforming India's credit ecosystem and solidifying its position as a global fintech leader.

Source: https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=56200

On August 25, 2023, the Reserve Bank of India (RBI) issued a significant notification addressing various macroeconomic indicators including the repo rate, standing deposit facility (SDF), and liquidity adjustment facility (LAF). Following a comprehensive evaluation of the prevailing and evolving economic conditions, the Monetary Policy Committee (MPC) arrived at several key decisions.

Seamless Comment: The MPC has reaffirmed its dedication to gradually withdrawing accommodation in order to bring inflation in line with the predefined target. This dual objective focuses on achieving the medium-term consumer price index (CPI) inflation target of 4 per cent, within a range of +/- 2 per cent, while concurrently supporting sustainable economic growth. These measures are indicative of the RBI's concerted efforts to strike a balance between price stability and economic prosperity in the dynamic economic landscape.

Source: https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=56174

The Ministry of Corporate Affairs (MCA) has issued a notification condoning delays in filing LLP forms. Form-3 and Form-4 can now be filed without additional fees for events from January 01, 2021, onwards, with fees applicable for earlier dates. Form-11 can be filed without additional fees for the financial year 2021-22 onwards, with additional fees for previous years. The filing window is from September 01, 2023, to November 30, 2023. This initiative eases compliance and offers relief to LLPs, ensuring they won't face punitive actions for past delays, given they adhere to specified conditions.

Seamless Comment: The Ministry of Corporate Affairs' notification regarding the condonation of delay in filing LLP forms provides relief and clarity to stakeholders. It introduces a systematic approach to form filing, allowing for sequential filing of forms and encouraging stakeholders to update master data accurately. The provision of pre-filled data streamlines the process while placing the responsibility for correct data filing on stakeholders. Additionally, the notification specifies the fees for delayed filing based on event dates, providing transparency in financial matters.

Source: https://www.mca.gov.in/bin/dms/getdocument?mds=Zt6foWsl%252BABAbU7Pid9NGg%253D%253D&type=open

The Ministry of Corporate Affairs (MCA) continues its efforts to refine corporate governance and administrative processes with the issuance of the Companies (Incorporation) Second Amendment Rules 2023. This amendment, released on August 2, 2023, serves to further amend the Companies (Incorporation) Rules, 2014.

Seamless Comment: The key change introduced by this amendment is the substitution of Form No. RD-1 within the Annexure. These amendments take effect from August 2, 2023. The Ministry of Corporate Affairs' proactive approach to refining and updating the Companies (Incorporation) Rules underscores its commitment to enhancing corporate governance and regulatory compliance.  Additionally, the availability of the revised Form No. RD-1 should be utilized for accurate and up-to-date record-keeping in company incorporation processes.

Source: https://www.mca.gov.in/bin/dms/getdocument?mds=jYQ0wTBvMQwmTluXHncG0A%253D%253D&type=open

The Insurance Regulatory and Development Authority of India (IRDAI) has unveiled a transformative agenda for the reinsurance market, with significant amendments to the Reinsurance Regulations announced during its 123rd Authority Meeting on August 24, 2023. The primary objectives behind these amendments are to harmonize and streamline existing regulations affecting Indian insurers, Indian reinsurers, Foreign Reinsurance Branches (FRBs), and International Financial Services Centre Insurance Offices. The sweeping changes focus on expanding the reinsurance sector's capacity, enhancing technical expertise, reducing compliance burdens, and fostering an environment conducive to innovation. 

Seamless Comment: IRDAI's strategic vision seeks to not only accommodate the burgeoning demand and manage larger risks but also cultivate an environment that propels reinsurance activities to flourish, both domestically and on the international stage. These amendments reflect a significant stride toward achieving these objectives by promoting efficiency, innovation, and a more competitive reinsurance landscape.

Source: https://irdai.gov.in/document-detail?documentId=3790275

The Insurance Regulatory and Development Authority of India (IRDAI) has released an Exposure Draft on the Customer Information Sheet/Know Your Policy on August 30, 2023. This draft aims to simplify health insurance policy information for policyholders. Stakeholders are invited to provide their views and feedback on these proposed revisions to ensure clarity and accessibility.

Seamless Comment: IRDAI's move to simplify policy information demonstrates a commitment to enhancing transparency and empowering policyholders with easily understandable content. Soliciting feedback from stakeholders reflects an inclusive approach to governance and aligns with broader efforts to make financial services more consumer-friendly. It's an opportunity for insurers and policyholders to contribute to the creation of policies that prioritize clarity and accessibility, ultimately benefiting all involved parties.

Source: https://irdai.gov.in/document-detail?documentId=3802045

On July 31, 2023, the Ministry of Finance (MoF) issued an important notification regarding "Account Aggregator" systems. This notification serves to officially recognize "Account Aggregator" as the systems through which information may be shared via the common portal, subject to consent, as per Section 158A of the Central Goods and Services Tax Act, 2017. Effective from October 01, 2023, this notification has far-reaching implications for data sharing in the context of taxation and financial services.

Seamless Comment: For clarity, the notification provides an explanation of the term "Account Aggregator," defining it as a non-financial banking company that operates in accordance with policy directions issued by the Reserve Bank of India under section 45JA of the Reserve Bank of India Act, 1934. This definition aligns with the criteria set forth in the Non-Banking Financial Company - Account Aggregator (Reserve Bank) Directions, 2016. By officially recognizing and providing a clear definition, this notification establishes a regulatory framework for the role of "Account Aggregators" in information sharing, ensuring compliance with applicable laws and regulations.

Source: https://egazette.gov.in/WriteReadData/2023/247740.pdf

The Goods and Services Tax (Seventh Amendment) Rules, 2023 introduce significant amendments to the Punjab Goods and Services Tax Rules, 2017. These amendments aim to streamline and clarify certain procedures within the GST framework. One of the key changes involves sub-rule (4A), where the requirement for authentication of Aadhaar numbers is specified for applicants, excluding those notified under subsection (6D) of section 25. 

Seamless Comment: Under this amendment, applicants opting for Aadhaar number authentication must undergo the process while submitting their application. The date of Aadhaar number authentication or fifteen days from the submission of the application in Part B of FORM GST REG-01, whichever is earlier, will be considered as the date of submission. 

Source: https://dsa.punjab.gov.in/EGazette/finalreport

On August 30, 2023, the Central Board of Direct Taxes (CBDT) issued the Income-tax (Twentieth Amendment) Rules, 2023, which introduce a significant amendment to the Income-tax Rules, 1962. The primary focus of this amendment is to address the application process under sub-section (20) of section 155 concerning the credit of tax deduction at source (TDS).The newly inserted rule, Rule 134, outlines the procedures for making applications under sub-section (20) of section 155. These applications, as specified in the rule, shall be made using Form No. 71. Form No. 71 is intended to facilitate the credit of TDS, and it must be submitted electronically. The submission method depends on whether the return of income is required to be furnished under digital signature or through electronic verification code.

Seamless Comment: These amendments are scheduled to come into effect on October 01, 2023. They reflect the CBDT's ongoing efforts to streamline and digitize tax-related procedures, making it more efficient and user-friendly for taxpayers.

Source: https://incometaxindia.gov.in/communications/notification/notification-73-2023.pdf

On August 25, 2023, the Government of Punjab introduced an amendment to an existing notification, specifically Notification No. S.O.7/P.A.5/2017/S.128/2018, dated February 07, 2018. This notification pertains to the waiver of late fees that registered individuals may be required to pay for failing to submit their return in FORM GSTR-4.

Seamless Comment: The amendment focuses on the sixth proviso within the original notification. It alters the date mentioned in the proviso from "June 30, 2022," to "July 28, 2022." This adjustment extends the deadline until which individuals can benefit from the late fee waiver under the GSTR-4 return filing.

Source: https://dsa.punjab.gov.in/EGazette/finalreport

The Government of Punjab, on August 25, 2023, issued a notification addressing registered individuals who have failed to submit a valid return within thirty days from the service of the assessment order under the Punjab Goods and Services Tax Act, 2017. This notification carries significant implications for those individuals who find themselves in this situation.Effective from March 31, 2023, the notification outlines specific procedures that, when followed, result in the deemed withdrawal of the assessment order. These procedures are as follows:

Seamless Comment: It's important to note that this withdrawal of the assessment order applies irrespective of whether or not an appeal had been filed against the original assessment order under section 107 of the Act. This means that registered individuals have the opportunity to rectify their compliance status by adhering to the outlined procedures and thereby avoiding the consequences of the assessment order.

Source: https://dsa.punjab.gov.in/EGazette/finalreport

The Central Board of Indirect Taxes (CBDT) has issued a corrigendum to rectify an error in Notification No. G.S.R. 615(E) dated August 18, 2023, related to the Income-tax (Eighteenth Amendment) Rules 2023. The correction involves the insertion of the phrase "or taken on lease or rent" in a specific section of the document. Such corrigenda are common in legal documents to ensure accuracy and clarity in the rules and regulations.

Seamless Comment: With the insertion of the phrase "or taken on lease or rent" in the relevant section, it clarifies that certain accommodations, whether owned, leased, or rented by the employer, fall under the purview of the rules specified in the notification. This clarification ensures that the rules and regulations regarding income tax treatment of such accommodations are applied accurately and uniformly.

Source: https://incometaxindia.gov.in/communications/notification/notification-65-2023.pdf

The Central Board of Direct Taxes (CBDT) has introduced a significant update on August 28, 2023, by announcing the availability of a new functionality on the e-Filing portal. This enhancement allows users to revise Form 27C using the portal. The introduction of this functionality simplifies and streamlines the process for individuals and organizations required to revise their Form 27C submissions. 

Seamless Comment: It enhances the convenience and efficiency of tax-related activities and ensures greater accuracy and compliance in reporting. This update will have a positive impact on users by reducing the administrative burden associated with Form 27C revisions and promoting ease of compliance with tax regulations.

Source: https://incometaxindia.gov.in/pages/communications/index.aspx

The Central Board of Direct Taxes (CBDT) marked a significant milestone on August 26, 2023, with the launch of the extensively revamped National Website of the Income Tax Department. This strategic move aims to usher in a new era of convenience and efficiency for taxpayers across the nation. In response to the ever-evolving technological landscape and the growing expectations of taxpayers, the Income Tax Department has meticulously redesigned its online platform, www.incometaxindia.gov.in.

Seamless Comment: The revamped website boasts a user-friendly interface that caters to taxpayers' diverse needs, featuring value-added functionalities and introducing entirely new modules. Perhaps one of the most noteworthy additions is the capability for users to effortlessly compare different Acts, Sections, Rules, and Tax treaties, streamlining the often complex task of navigating the tax landscape. Moreover, all the content on the website is now seamlessly tagged with relevant Income Tax sections, simplifying information retrieval and ensuring a smoother user experience.

Source: https://incometaxindia.gov.in/Lists/Press%20Releases/Attachments/1148/Press-Release-CBDT-launches-the-revamped-National-Website-of-the-Income-Tax-Department-www.incometaxindia.gov.in.pdf

The Central Board of Direct Taxes (CBDT) made notable updates to the Income Tax Rules with the publication of the Income-tax (Nineteenth Amendment) Rules, 2023, on August 28, 2023. This amendment, effective from the same date, introduces critical changes aimed at streamlining processes related to the requisition of services and references under section 132 of the Income Tax Act, 1961.

Seamless Comment: These forms are designed to facilitate the streamlined implementation of section 132, enhancing the overall efficiency and transparency of the process.

Source: https://incometaxindia.gov.in/communications/notification/notification-70-2023.pdf

On August 16, 2023, the Government of Delhi took a significant step in providing clarity on e-invoicing by issuing a comprehensive clarification, in line with the Circular issued by the Central Board of Indirect Taxes and Customs (CBIC). This circular provides crucial guidance on e-invoicing procedures, especially concerning government departments, establishments, agencies, local authorities, and public sector undertakings (PSUs).

Seamless Comment: the circular underscores that registered entities whose turnover surpasses the prescribed threshold for e-invoice generation must issue e-invoices for supplies made to government departments, establishments, agencies, local authorities, PSUs, and similar entities. This measure enhances transparency and digitalization in government transactions, contributing to a more efficient tax ecosystem.

Source: https://dvat.gov.in/website/home.html

The Ministry of Finance (MoF) unveiled an impactful initiative with the introduction of the "Mera Bill Mera Adhikaar" Invoice Incentive Scheme. This initiative is poised to cultivate a culture where customers actively seek invoices and bills for all their purchases, ultimately contributing to transparency and accountability in transactions.The launch of this scheme aligns with the government's commitment to enhancing financial accountability and streamlining economic transactions. 

Seamless Comment: It underscores the significance of invoices in not only safeguarding consumer rights but also in fostering a more transparent and responsible economic environment. The detailed notification attached to this announcement provides comprehensive information on the scheme's implementation and requirements, aiming to make it a success story in promoting responsible financial practices.

Source: https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1951804

On August 18, 2023, the Government of Delhi issued a crucial notification addressing the tax implications surrounding shares held by a holding company in its subsidiary company. This notification aligns with the guidance provided in CBIC Circular No. 196/08/2023-GST, which offers clarification on the taxation of shares held by a holding company in its subsidiary. The notification clarifies that the mere act of a holding company holding shares in its subsidiary company cannot be categorized as a supply of services from the holding company to the 

Seamless Commet: This clarification from the Delhi Government simplifies the tax treatment of shareholding relationships between parent and subsidiary companies. It underscores that the mere holding of shares does not constitute a taxable supply, thereby providing clarity and certainty for businesses operating within this structure.

Source: https://taxinformation.cbic.gov.in/view-pdf/1003170/ENG/Circulars

On August 19, 2023, the Central Board of Direct Taxes (CBDT) issued a notification marking the operationalization of the Board for Advance Rulings. This development carries significant implications for various segments of taxpayers. Firstly, non-resident investors stand to benefit significantly from this mechanism. They can now seek clarity on their income tax liability before making investments in India. This proactive approach empowers foreign investors to make informed decisions and formulate investment strategies more effectively.

Seamless Comment: To aid taxpayers in navigating this process, the Chairman of the CBDT released a Handbook of the Board for Advance Rulings on August 18, 2023. This handbook serves as a comprehensive guide for taxpayers seeking advance rulings, offering insights and clarifications on the procedure. Whether seeking an advance ruling or simply interested in understanding the process better, taxpayers can access the Handbook via the provided link, ensuring a smoother and more informed engagement with the new advance ruling mechanism. This move by the CBDT signifies a significant step towards enhancing tax clarity and efficiency in India's tax landscape.

Source: https://incometaxindia.gov.in/Lists/Press%20Releases/Attachments/1147/Press-Release-Operationalisation-of-the-Board-for-Advance-Rulings.pdf

The Ministry of Law and Justice introduced the Integrated Goods and Services Tax (Amendment) Act, 2023, aimed at making pivotal changes to the Integrated Goods and Services Tax Act, 2017. These amendments are poised to bring significant alterations to the taxation landscape and are of great importance to businesses and taxpayers.One of the notable amendments is the revision of Section 2, which deals with definitions. In clause (17), sub-clause (vii) has been substituted to exclude online gaming, except for online money gaming as defined in clause (80B) of Section 2 of the Central Goods and Services Tax Act, 2017. This change distinguishes online money gaming from other forms of online gaming concerning tax implications.

Seamless Comment: The effective date of these amendments will be determined by the Central Government through notification in the Official Gazette. These changes are expected to impact various aspects of taxation and trade and require close attention from businesses and tax professionals to ensure compliance and optimal tax planning.

Source: https://egazette.gov.in/WriteReadData/2023/248184.pdf

The Central Board of Indirect Taxes and Customs (CBIC) has released a crucial notification on August 17, bringing about revisions in the Exchange Rates for the import and export of goods. This notification, marked as Notification No. 61/2023-Customs (N.T.), effectively supersedes the prior Notification No. 57/2023-Customs (N.T.), which was issued on August 3, 2023. The new exchange rates will be in operation starting from August 18, 2023.

Seamless Comment: These revisions in exchange rates have considerable implications for businesses engaged in international trade, as they directly influence the cost and pricing of imported and exported goods. Staying abreast of these alterations is imperative for accurate financial planning and transactions in the global market.

Source: https://old.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2023/cs-nt2023/csnt61-2023.pdf

On August 18, 2023, the Central Board of Direct Taxes (CBDT) introduced the Income Tax (Eighteenth Amendment) Rules, 2023. These amendments bring significant changes to the Income-Tax Rules, 1962, specifically targeting the valuation of perquisites provided to employees. One notable alteration can be found in Rule 3, which pertains to the "Value of Perquisites." In particular, sub-clause (1) of this rule, which contains a table specifying the value of residential accommodation provided by an employer, has been substituted. This change is set to come into force on September 1, 2023.

Seamless Comment: These amendments are noteworthy as they impact how various benefits provided to employees are valued for income tax purposes. Valuation of perquisites plays a crucial role in determining the taxable income of employees, and any modifications to these rules can have implications for both employers and employees. It is advisable for taxpayers and employers to review these changes and ensure compliance with the updated rules when they come into effect.

Source: https://incometaxindia.gov.in/Lists/Press%20Releases/Attachments/1146/Press-Release-CBDT-notifies-Rule-for-determination-of-value-of-perquisite-in-respect-of-residential-accommodation-provided-by-employer.pdf

The Lok Sabha introduced the Central Goods and Services Tax (Amendment) Bill, 2023, on August 9, 2023, to amend the Central Goods and Services Tax Act, 2017. Key changes include definitions for "online gaming" and "online money gaming," and provisions related to "specified actionable claims." These amendments aim to address evolving aspects of online gaming and related activities within the GST framework.

Seamless Comment: These proposed amendments reflect the evolving landscape of online gaming, money gaming, and related activities within the GST framework, aiming to ensure comprehensive taxation coverage in line with contemporary practices.

Source: https://egazette.gov.in/WriteReadData/2023/248183.pdf

On August 4, 2023, the government issued a notification, effective from October 1, 2023, introducing a special tax collection procedure for electronic commerce operators. This procedure applies to operators required to collect tax at source under section 52 of the Central Goods and Services Tax Act, 2017, specifically for supplies made by individuals paying tax under section 10 of the same Act. Under this procedure, electronic commerce operators cannot facilitate inter-State supply of goods by these individuals. Instead, they must collect tax at source, remit it to the government, and submit supply details electronically in FORM GSTR-8 through the common portal. This move aims to streamline tax collection in the e-commerce sector.

Comment: The issuance of this notification on August 4, 2023, represents a significant regulatory development in the realm of electronic commerce and taxation. By introducing a special procedure for electronic commerce operators, particularly concerning supplies made by persons paying tax under section 10 of the Central Goods and Services Tax Act, 2017, the government aims to streamline tax collection processes. These provisions will take effect from October 1, 2023, signaling an imminent shift in compliance requirements for electronic commerce operators in relation to inter-State supply of goods and tax collection at source.

Source: https://taxinformation.cbic.gov.in/view-pdf/1009812/ENG/Notifications

The Central Board of Indirect Taxes & Customs (CBIC) recently introduced an important enhancement on August 2, 2023, by extending the Automatic Let Export Order (auto LEO) facility within the Express Cargo Clearance System (ECCS). This development is aimed at simplifying and expediting the customs clearance process for Courier Shipping Bills (CSB). Initially, the auto LEO feature was applicable to CSBs that were not flagged by the risk management system (RMS) and subsequently cleared via the Customs X-ray scanning process.

Seamless Comment: This expansion is part of the ongoing initiatives to enhance the ease of doing business in customs procedures. In addition to its existing coverage, the auto LEO facility will now be accessible for CSBs designated as 'assessment only,' provided they have undergone assessment clearance and have not been earmarked for further examination. This step represents a positive stride in modernizing and streamlining customs operations, benefiting courier services and international trade businesses.

Source: https://taxinformation.cbic.gov.in/view-pdf/1003176/ENG/Circulars

On August 3, 2023, the Deferred Payment of Import Duty (Amendment) Rules, 2023, were published, introducing changes to the Deferred Payment of Import Duty Rules 2016. This amendment, effective from the same date, brings significant alterations to the existing rules.

One notable amendment is the insertion of a proviso in Rule 4, which deals with the "Information about intent to avail the benefit of notification." This proviso empowers the Central Government to, under exceptional circumstances and with recorded reasons in writing, allow payments to be made on a different due date. This flexibility can be crucial for importers facing unforeseen challenges.

Seamless Comment: These amendments aim to enhance the effectiveness and adaptability of the Deferred Payment of Import Duty Rules, providing importers with more options and streamlining the duty payment process. Importers should be mindful of these changes and their potential impact on their import operations.

Source: https://taxinformation.cbic.gov.in/view-pdf/1009816/ENG/Notifications

On August 01, 2023, the Ministry of Finance (MoF) issued a significant notification concerning the deduction of tax under section 194-I of the Income-tax Act. According to this notification, there shall be no tax deduction under section 194-I for payments categorized as lease rent or supplemental lease rent. This exemption is applicable when such payments are made by a lessee to a person operating within an International Financial Services Centre (IFSC) and leasing a ship, subject to specific conditions. However, this relaxation is limited to the ten consecutive assessment years declared by the lessor in Form No. 1, where they opt for deduction under section 80LA. In all other years, the lessee remains liable to deduct tax on lease rent payments. 

Seamless Comment: The notification also outlines that the Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems) will establish procedures, formats, and security standards for data capture, transmission, document uploading, and archival. This new regulation will come into effect on September 01, 2023.

Source: https://egazette.gov.in/WriteReadData/2023/247767.pdf

On July 31, 2023, the Central Board of Indirect Taxes and Customs (CBIC) made a significant announcement regarding the enforcement date of specific provisions in the Finance Act, 2023. The details are as follows:

• October 01, 2023: Sections 137 to 162 of the Finance Act, 2023, with the exception of sections 149 to 154, will come into force on this date.
• August 01, 2023: Sections 149 to 154 of the Finance Act, 2023, will be enforced starting from this date.

Seamless Comment: The CBIC's announcement provides a clear timeline for the enforcement of various provisions within the Finance Act, 2023. By staggering the implementation dates, it allows for a more structured and organized transition to the new regulations and amendments. Businesses and individuals affected by these provisions will need to take note of the specified dates to ensure compliance and adapt to the changes effectively. This approach aids in minimizing disruptions and facilitates a smoother adjustment to the updated legal framework.

Source: https://taxinformation.cbic.gov.in/view-pdf/1009806/ENG/Notifications

On July 31, 2023, the Ministry of Finance (MoF) took a noteworthy step by issuing a notification that pertains to access to the Unified Payments Interface (UPI) for foreign nationals and Non-Resident Indians (NRIs) during their visits to India. Access to the UPI platform has been granted to foreign nationals and NRIs while they are in India, allowing them to make payments using this digital payment system during their stays.

Additionally, NRIs with international mobile numbers linked to their Non-Resident External (NRE) or Non-Resident Ordinary (NRO) accounts are now eligible to utilize UPI services, simplifying digital payments for this segment of users.

Seamless Comment: The Ministry of Finance's notification represents a significant development in enhancing digital payment accessibility for foreign nationals and NRIs visiting India. By allowing the use of UPI for transactions, the government promotes the ease of conducting financial transactions within the country. Additionally, providing UPI access to NRIs with international mobile numbers linked to their NRE/NRO accounts aligns with the broader goal of promoting digital financial services and financial inclusion. These measures are expected to simplify payment processes and contribute to the overall growth of digital payment adoption in India

Source: https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1944427

In a significant move towards refining environmental regulations, the Ministry of Environment, Forest and Climate Change (MoEFCC) announced an amendment to notification No. S.O. 1533(E), dated September 14, 2006. This notification is crucial for imposing restrictions and prohibitions on new projects, activities, and the expansion or modernization of existing projects based on their potential environmental impacts.

Seamless Comment: The Ministry of Environment, Forest and Climate Change's (MoEFCC) amendment to environmental impact regulations exhibits a balanced approach to addressing environmental concerns while allowing essential infrastructure projects to proceed. These modifications reflect the government's commitment to fostering sustainable development and safeguarding the environment. By instituting compliance requirements and environmental safeguards, the MoEFCC ensures that crucial projects align with environmental goals and standards. This balanced approach paves the way for responsible and sustainable development, where the welfare of both the environment and society are considered paramount.

Source: https://egazette.gov.in/WriteReadData/2023/248436.pdf

The Telecom Regulatory Authority of India (TRAI) issued the "Telecom Regulatory Authority of India Repealing Regulations, 2023" on July 25, 2023, to repeal the Regulation on quality of service of dial-up and leased line internet access service, 2001. This repeal is effective from the date of its notification in the Official Gazette. Additionally, leased line access services, provided by Internet Gateway Service Providers (IGSPs) to enterprises, are now typically governed by Service Level Agreements (SLAs), which ensure service quality and address the concerns of the contracting parties. As a result, the previous regulation on quality of service for dial-up and leased line internet access has become obsolete and less relevant in the current context. 

Seamless Comment: TRAI's initiative to seek feedback from stakeholders through the draft Telecom Regulatory Authority of India Repealing Regulations, 2023, and considering the aspect of Ease of Doing Business (EoDB) demonstrates the regulator's commitment to ensuring relevant and up-to-date regulations in the telecommunications sector. The repeal of the outdated regulation aligns with the evolving technological landscape, enabling a more efficient and business-friendly environment in the industry.

Source: https://pib.gov.in/PressReleasePage.aspx?PRID=1943145

The Ministry of Consumer Affairs, Food and Public Distribution's release of the Legal Metrology (Packaged Commodities) (Amendment) Rules, 2023 on August 30, 2023, marks an effort to enhance regulations regarding packaged commodities. These amendments, effective from the same date, particularly target Rule 1, which pertains to the short title and commencement of the rules. Notably, the date of commencement has been shifted from September 1, 2023, to October 1, 2023.

Seamless Comment: This amendment reflects the government's responsiveness to the evolving needs of the consumer goods industry. Shifting the commencement date by a month provides stakeholders with additional time for adjustment and compliance. It's crucial for businesses to remain aware of such regulatory changes to ensure that their products adhere to the latest standards and maintain transparency with consumers.

Source: https://egazette.gov.in/WriteReadData/2023/248432.pdf

“The National Education Policy (NEP), 2020 has envisioned that “top universities in the world will be facilitated to operate in India.” For this, “a legislative framework facilitating such entry will be put in place, and such universities will be given special dispensation regarding regulatory, governance, and content norms on par with other autonomous institutions of India.” A regulatory framework allowing the entry of higher-ranked foreign Universities, as envisaged in NEP, 2020, will provide an international dimension to higher education, enable Indian students to obtain foreign qualifications at affordable cost, and make India an attractive global study destination. These Regulations aim to facilitate the entry of foreign higher educational institutions into India.”

Seamless Comment: This will allow the universities like Oxford, Cambridge, or Harvard can now open campuses in India. All such foreign universities shall have to take UGC’s approval to set up campuses in India. The UGC will grant an initial approval for a period of 10 (ten) years. All the cross-border movement of funds will be governed by the Foreign Exchange Management Act, 1999 (FEMA), therefore making FEMA a very important legislation to comply by for the said foreign universities.

The UGC or the Indian government will have no say or control over the fee structure and the admission criteria of such universities for both Indian and overseas students, however the draft regulations do say that the fee structure should be “transparent and reasonable”.

Source - https://www.ugc.gov.in/pdfnews/9214094_Draft-Setting-up-and-Operation-of-Campuses-of-Foreign-Higher-Educational-Institutions-in-India-Regulations-2023.pdf

“The Digital Personal Data Protection Act (DPDP) 2023 aims to provide for the processing of digital personal data in a manner that recognises both the right of individuals to protect their personal data and the need to process such personal data for lawful purposes, The Act is meant to limit cross-border transfers of data, penalise companies for data breaches, and provide a framework for setting up a data protection authority to ensure compliance.”

Seamless Comment: Due to the DPDP, 2023, all the companies, banks, and government agencies that are handling the government’s data are mandated to provide details about what personal information of the citizens they are collecting how they are storing and keeping it. The entities are only allowed to process online data of the citizens of India for “lawful purposes”. In case of violation or non-compliance of the regulations, a maximum penalty of Rs. 250 crores and a minimum penalty of Rs. 50 crores would be imposed on the entities.

Source: https://www.meity.gov.in/writereaddata/files/Digital%20Personal%20Data%20Protection%20Act%202023.pdf

The Mediation Bill 2023 was passed by the Rajya Sabha on 02 August 2023 and by the Lok Sabha on 07 August 2023. Upon Presidential assent, the Mediation Bill will become the Mediation Act, 2023. The bill aims “to promote and facilitate mediation” with a special focus on institutional mediation, online mediation, and community mediation in order to facilitate the resolution of disputes in a time-bound manner. The Mediation Bill also provides for enforcement of mediated settlement agreements and establishment of a regulatory body for registration of mediators and institutions.”

Seamless Comments: The bill seeks to amend the provisions governing mediation/conciliation in the Indian Contract Act 1872; the Code of Civil Procedure, 1908; the Arbitration and Conciliation Act, 1996; the Companies Act, 2013, the Consumer Protection Act, 2013, the Commercial Courts Act, 2015, etc. The bill provides for the enforceability of a Mediated Settlement Agreement which will be binding on the parties and the provisions of the Civil Procedure Code, 1908 shall be applicable to it. The bill also provides a list for the matters that are not fit for mediation which will automatically provide more clarity to the matters that are fit for mediation. The bill will be applicable to matters related to civil and commercial disputes.

Source: https://prsindia.org/files/bills_acts/bills_parliament/2021/SC%20Report_Mediation%20bill.pdf

In the case of Dr. Kavita Yadav v The Secretary, Ministry of Health and Family Welfare Department & Ors, a three-judge panel of the Supreme Court, in its ruling on August 17, 2023, affirmed that a female employee who has served for 80 days in an organization is entitled to receive complete maternity benefits, regardless of whether these benefits surpass the duration of her employment contract.

Source: https://main.sci.gov.in/supremecourt/2019/40969/40969_2019_3_110_46147_Order_17-Aug-2023.pdf 

Comment: In the aforementioned case, a unique circumstance arose when a woman commenced utilizing maternity benefits while still employed, but her employment concluded before she could fully utilize the benefits as per the Maternity Benefits Act (MBA). Given these circumstances, the Supreme Court's ruling, permitting the woman to access maternity benefits for the remaining period, seems equitable and in accordance with both legal provisions and the legitimate expectations of contemporary working women.

“The Unified Patent Court (UPC) has been formed on 01 June 2023 to provide a unified court system across EU member states. The unified system shall provide for a new era, covering patent protection through an EU-wide unitary patent and centralised patent litigation.”

Seamless Comment: The unitary patent system offers comprehensive patent protection across all participating states, streamlining the process through a single registration without the requirement for national validation. Alongside this, the Unified Patent Court (UPC) will serve as a centralized hub for patent litigation across a substantial portion of Europe.The UPC, a newly established European court, will hold exclusive jurisdiction over disputes concerning the infringement and validity of unitary patents and traditional European patents within participating member states that have not chosen to "opt out" of this innovative system. It's important to note that the UPC will not handle cases related to national patents, preserving the separate landscape for national patent litigation.

Source: https://ec.europa.eu/commission/presscorner/detail/en/ip_23_2454

“The UK Government has recently revised its technical guidance pertaining to the registration and verification process within the Register of Overseas Entities (ROE).” 

Seamless Comment: This regulatory framework mandates that overseas entities holding specific categories of real estate in the UK must complete registration on the ROE platform, including the disclosure of beneficial owners' information and, in certain instances, details of managing officers and any trusts within their corporate structure. It is essential to note that this guidance, while informative, does not possess legal authority but serves to articulate the Government's stance regarding the ROE system.

Source: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1177077/guidance_for_the_registration_of_overseas_entities_on_the_UK_register_of_overseas_entities.pdf

The Government of Singapore has accepted the final set of recommendations by the Tripartite Committee on Workplace Fairness for the Workplace Fairness Legislation (WFL). WFL will strengthen protections against discrimination and provide assurance to workers that they can come forward to report without fear of retaliation. WFL will also ensure that employees and jobseekers have fair access to job opportunities.

Seamless Comment: The objective of the Workplace Fairness Legislation (WFL) in Singapore is to enhance the country's inclusive workplace environment while safeguarding the rights of workers facing discrimination. It's crucial to recognize that legislation alone cannot address all challenges. Education plays a vital role in dispelling stereotypes, fostering inclusive attitudes, and upholding equitable employment standards. Therefore, it is essential for employers, employees, and society to collaboratively contribute to the creation of more equitable and harmonious workplaces. The Government will maintain a strong partnership with Tripartite Partners to put the recommendations into action in 2024. 

Source: https://www.mom.gov.sg/newsroom/press-releases/2023/0804-government-accepts-tripartite-committee-final-recommendations-for-wfl

The Ministry of Labour & Employment issued a clarification dated 27th July 2023 on the significant aspects of the e-Shram portal, which was launched on August 26, 2021. The portal aims to register unorganised workers and provide them with a Universal Account Number (UAN). The e-Shram portal captures vital worker details and has been integrated with various platforms, including the National Career Service (NCS), Pradhan Mantri Shram-yogi Maandhan (PM-SYM) pension scheme, and Skill India Digital portal, to facilitate job opportunities, pension benefits, and skill enhancement programs.

Seamless Comment: The initiative offers digital training through the DigiSaksham Programme for registered workers. The Ministry's clarification encourages unorganised workers to take advantage of the diverse benefits and support available through the e-Shram portal.

Source: https://pib.gov.in/PressReleasePage.aspx?PRID=1943207

On July 27, 2023, the Ministry of Labour & Employment issued eligibility conditions for availing benefits under the Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996. According to the Act, any building worker who has completed eighteen years of age but not yet sixty, and has engaged in building or construction work for at least ninety days in the previous twelve months, is eligible for registration as a beneficiary in the State Welfare Boards under this Act. These eligibility provisions remain unchanged.

Seamless Comment: To simplify the registration/enrolment process, the Model Welfare Scheme outlined provisions such as allotting Unique Identification Numbers to registered BOC workers, delegating/appointing competent officers at the local/municipal/panchayat level, allowing self-certification, holding regular camps, creating facilitation centres at labor chowks/addas, and issuing ID cards to BOC workers. These measures aim to streamline the process and extend welfare benefits to eligible workers efficiently.

Source: https://pib.gov.in/PressReleasePage.aspx?PRID=1943204

Employees State Insurance Corporation, through a notification dated 25th July 2023, has introduced the Vivad Se Vishwas I- Relief for MSME Scheme. Under this scheme, eligible Micro, Small, and Medium Enterprises (MSMEs) can avail relief for certain financial aspects during the COVID period. The relief provided includes the refund of Liquidated Damage (LD) imposed on MSMEs for delays in supplying goods or services and the refund of Performance Security/Bid 

Seamless Comment: The ESIC's introduction of the Vivad Se Vishwas I- Relief for MSME Scheme is a commendable measure aimed at supporting MSMEs during the challenging period of the COVID pandemic. By providing relief on Liquidated Damage and Performance Security/Bid Security, the scheme eases financial burdens on eligible MSMEs and encourages them to recover from setbacks caused by the pandemic.

Source: https://www.esic.gov.in/attachments/circularfile/08291374d4cb2871965d89c6d7f5fe48.pdf

The Ministry of Labour & Employment (MoL&E) issued a notification on July 31, 2023, regarding the provision of social security benefits to gig workers. The notification introduces four labour codes that aim to enhance protections for workers, including those who are not organised, by establishing legal minimum wages, social security measures, and healthcare benefits. The codes define various categories of workers, such as "employee," "gig worker," "platform worker," "unorganised worker," and others, with the intention of covering all forms of employment, traditional and non-traditional alike.

Seamless Comment: The issuance of this notification by the Ministry of Labour & Employment is a significant step towards enhancing the welfare of gig workers and providing them with social security benefits. Including gig and platform workers in the Code on Social Security, 2020 ensures that they receive vital protections such as life and disability insurance, accident insurance, health and maternity benefits, and old age protection. Establishing a Social Security Fund, with contributions from aggregators, further ensures financial support for gig workers. By recognizing the diverse forms of employment and addressing their social security needs, this initiative promotes fair and inclusive labour practices, contributing to a more equitable workforce and fostering economic stability.

Source: https://pib.gov.in/PressReleasePage.aspx?PRID=1944372

On 12th July 2023, the Ministry of Statistics & Programme Implementation issued the Consumer Price Index (CPI) Numbers for the Month of June 2023. The next release date for the CPI for July 2023 is scheduled for 14th August 2023. It is important to note that the CPI plays a significant role in determining various economic aspects, including the revision of minimum wages and variable dearness allowance

Seamless Comment: The CPI is an important economic indicator that measures the changes in the prices of a basket of goods and services commonly consumed by households. The revised CPI for June 2023 has been announced, reflecting the new inflation rates and providing insights into the current economic conditions.

Source: https://pib.gov.in/PressReleasePage.aspx?PRID=1938980

The Insurance Regulatory and Development Authority of India (IRDAI) has issued a circular stating that mental illness must be covered in all insurance products and all provisions under the Mental Health Care Act, 2017 must be complied without any deviation. All insurers are requested to ensure compliance before October 31, 2022.

Source: https://www.irdai.gov.in/admincms/cms/whatsNew_Layout.aspx?page=PageNo4840&flag=1

The Insurance Regulatory and Development Authority of India (IRDAI) has issued a circular which provides for insurance cover to be extended to newborns/infants under all health insurance policies. Master circular on Standardisation in Health insurance Business dated July 20, 2020 included a Clause under heading ‘exclusions not allowed under health insurance policies’, where internal congenital diseases, genetic diseases, or disorders are not allowed to be incorporated as exclusions in the terms and conditions of the policy contract. This provision intends to cover newborns with internal congenital birth defects from the inception of the policy. Authorities had noticed that many health insurance products were not providing cover to newborns/infants with internal congenital birth defects from the first day, which was violating the genuine intent of the provision. Therefore, it has been stated that all insurance products must cover newborns/unborns under the abovementioned provisions without any deviation and provide, coverage from Day 1 without any waiting periods/sub-limits or any other restrictive conditions being imposed.

Source: https://www.irdai.gov.in/admincms/cms/whatsNew_Layout.aspx?page=PageNo4839&flag=1

Amendments to Notification number S.O. 2119(E), dated June 26, 2020, which specifies “Certain criteria for classifying an enterprise as micro, small and medium enterprises and various forms and procedures for filing the memorandum” were issued by the Ministry of Micro, Small and Medium Enterprises (MoMSME).

The amendment states that for a period of three years from an increase in terms of investment in plant and machinery, or equipment or turnover or both, resulting in re-classification of an enterprise, said enterprise shall continue to avail all benefits of the MSME category (non-tax) as before the re-classification, for a period of three years from the date of such increase.

Source: https://egazette.nic.in/WriteReadData/2022/239737.pdf

The Ministry of Environment Forest & Climate Change (MoEFCC), issued the procedure for submission of application for registration of producers by CPCB under Rule 4 of the Batteries Waste Management Rules, 2022. Every Producer and person or entity involved in the manufacturing of batteries is required to register with CPCB through the online centralised portal. Till such time as the online centralized portal of CPCB is under development, offline mode is adopted in order to receive applications for registration. 

For submission of the application by the producer or manufacturer in offline mode, the producer or manufacturer has to apply for the grant of registration to the Central Pollution Control Board (CPCB) by submitting duly filled Form 1 (A) from the company's email ID. Producer or manufacturer shall also submit a Self-attested copy of the GST Certificate, TIN number, CIN number, Aadhar Card of an authorized person, and Pan Card of the company along with the application form. Initial registration will be granted for 6 months which can be renewed through the online portal.

Source: https://cpcb.nic.in/uploads/hwmd/BR_SOP.pdf

Credit Guarantee Scheme for Start-ups (CGSS) is issued by the Ministry of Commerce and Industry (MoCI) to provide guarantee to member institutions up to a specified limit against credit instruments extended by them to finance eligible start-ups. This scheme is aimed at providing essential collateral free debt funding to start-ups. The provisions of the scheme as announced include the eligibility criteria for borrowers which have reached a stable revenue stream, as per 12 month’s audit reports, not in default of any lending institution or classified as Non-performing Asset according to RBI guidelines and those who fall under the eligibility criteria certified by a member institution. For a lending/investing institution the eligibility criteria for falling under the scheme is that it should be a Scheduled Commercial Bank and Financial Institution, if NBFC, it should be registered with RBI having a rating of BBB and above as rated by external credit rating agencies accredited by RBI and having minimum net worth of Rs. 100 crores. If an NBFC later becomes ineligible, due to a fall in the credit rating below BBB, it will not be eligible for further guarantee cover till it is upgraded to the eligible category.

Source: https://egazette.nic.in/WriteReadData/2022/239375.pdf

The Government of India (GOI) has issued notification regarding The National Logistics Policy which is aimed at bringing efficiency in logistics services, and human resources through streamlining processes, regulatory framework, skill development, mainstreaming logistics in higher education and adoption of suitable technologies. The Policy will be focusing on enabling adequate development of warehouses with optimal spatial planning, promotion of standards, digitization and automation across the logistics value chain and better track and trace mechanisms. The institutional frameworks under PM GatiShakti at the Centre and State level, which will also monitor implementation of the Policy, is fully operational.   

Source: https://pib.gov.in/PressReleasePage.aspx?PRID=1861133

The Department of Consumer Affairs made amendments to the Legal Metrology (Packaged Commodities) Rules, 2011, vide Notification No. GSR 779(E) dated November 02, 2021 to promote ease of doing business and protect consumer interests. Extension was sought by various industry representations of the implementation date due to operational issues. Subsequently extension is granted upto December 1, 2022 through notification dated September 30, 2022, to accommodate additional requests from industries and to enable them to use up the existing packaging material. Now, additional modifications to the Legal Metrology (Packaged Commodities) Rules, 2011 are being considered due to requests from industries for increased business efficiency and to lighten the compliance burden along with safeguarding consumer interests. All interested parties, including the following, are asked to provide public feedback on the draft.

Source: https://consumeraffairs.nic.in/sites/default/files/uploads/legal-metrology-acts-rules/PCR.pdf

Description of the Indian Computer Emergency Response Team (CERT-In) in accordance with RFC 2350 has been issued by the Indian Computer Emergency Response Team (CERT-In), Ministry of Electronics and Information Technology, Government of India. As per the description the objectives of CERT-In are preventing cyber-attacks against the country's cyberspace, responding to cyber-attacks and minimizing damage and recovery time by reducing national vulnerability to cyber-attacks.

CERT-In was designated in the Information Technology Act 2000 to serve as the national agency to Collect, analyse, and disseminate information on cyber incidents, Forecast and Issue alerts of cyber security incidents and take emergency measures for handling cyber security incidents. CERT-In will work in collaboration with and seek assistance from certain stakeholders to perform its objectives.

Source: https://www.cert-in.org.in/PDF/RFC2350.pdf

Amendments have been made by the Ministry of Electronics and Information Technology (MeitY) to the First Schedule of the Information Technology Act, 2000, specifying the documents or transactions which have been excluded from the scope of the act. 

The schedule has made amendments with respect to entries relating to negotiable instruments, power of attorney and contracts for sale or conveyance of immoveable property as follows:

1. In addition to cheques, demand promissory notes and bills of exchange issued in favour of or endorsed by an entity regulated by the Reserve Bank of India, National Housing Bank, Securities and Exchange Board of India, Insurance Regulatory and Development Authority of India and Pension Fund Regulatory and Development Authority (collectively, the “Regulatory Authorities”) have been excluded from the entry relating to negotiable instruments.
2. Powers-of-attorney empowering a regulated entity to act for, or on behalf of, and in the name of the person executing them, have been excluded from the entry relating to power of attorney.
3. Contracts for sale or conveyance of immovable property or any interest in such property have also been omitted.

It is important to note that the deletion of contracts for sale or conveyance of immoveable property may enable real estate transactions to be executed electronically and further help in the digitization of documents and transactions that were earlier excluded from the application of the IT Act. 

Source: https://egazette.nic.in/WriteReadData/2022/239378.pdf

The Universal Service Obligation Fund (USOF) has launched a scheme to fund research and development specifically in communication technology applications focused on academia, research institutes, industry and start-ups to develop and build a telecom system named the Telecom Technology Development Fund (TTDF) Scheme. This scheme will fall under the department of telecommunications. The scheme is also aimed at promoting innovation and technological advances as well as creation of intellectual property

Source: https://usof.gov.in/ttdf

The Competition Commission of India (CCI) has imposed a penalty of Rs 936.44 crore on Google, less than a week after imposing penalty of Rs. 1,338 Cr for its Play Store policies which are seen as an abuse of its dominant market position. A cease-and-desist order was also issued by CCI and google was directed to change its policies within a specific period, including permitting mobile app developers to use third-party payment services on its app store.

“Google has been given 30 days to provide the requisite financial details and supporting documents,” the CCI order said. CCI has noted that Play Store policies that require app developers to use only Google Play’s billing system (GPBS) for receiving payments for apps and other digital products and certain in-app purchases. App developers are also restricted from providing direct links to alternate payment methods in their app or otherwise encourage users to buy their products outside of google app. Without complying with GPBS, developers cannot list their apps on Play Store and consequently lose out on the wide base of potential android using customers. 

“Making access to the Play Store dependent on mandatory usage of GPBS for paid apps and in-app purchases is one sided and arbitrary, and devoid of any legitimate business interest. The app developers are left bereft of the inherent choice to use payment processor of their liking from the open market,” the CCI said. CCI noted that Google has not applied this policy on its own apps like YouTube which is seen as an imposition of discriminatory conditions and pricing. An investigation was launched by CCI into Google’s Play Store policies in 2020 and exclusion of rival payment apps such as Paytm, BharatPe, etc. from play store after domestic app developers complained against it.

Sources:

• https://cci.gov.in/antitrust/orders/details/1070/0
• https://drive.google.com/viewerng/viewer?url=https://www.livelaw.in/pdf_upload/pr-no-562022-231666698260-440891.pdf

Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Amendment Rules have been notified by the Ministry of Electronics and Information Technology (MEITY) as further amendment to Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021. The notification includes important changes like imposing a legal obligation on the intermediaries to take reasonable efforts to prevent their users from uploading harmful/unlawful content. This puts a greater burden on the intermediary for preventing harmful/unlawful content on its platforms.

It has been mandated that rules and regulations of the intermediaries are communicated in regional Indian languages for effective communication. The words ‘defamatory’ and ‘libellous have been removed from the grounds in rule 3(1)(b)(ii) and left it to be decided through judicial review whether any content is defamatory or libellous. Other categories in rule 3 (1) (b) have also been rephrased to deal with misinformation and content which is likely to incite violence between religious communities/castes. Intermediaries are required to respect the users’ rights guaranteed under the constitution, like reasonable expectation of due diligence, privacy and transparency.

The rules provide for the establishment of Grievance Appellate Committee(s) to allow users to appeal against the decisions taken by intermediaries on user complaints. However, users will retain the right to approach courts for any remedy.

Source: https://egazette.nic.in/WriteReadData/2022/239919.pdf 

The Reserve Bank of India (RBI) vide a notification regarding the expansion of activities by SPDs and allowed them to offer forex products to their Foreign Portfolio Investor (FPI) clients, as part of their non-core activities, from time to time as allowed

SPDs or Standalone Primary Dealers are the entities entrusted with the responsibility of purchasing and selling government securities registered with the RBI. Government securities are bought by these entities directly from the RBI and then offered to other buyers. In this way demand for government securities is created in other markets, including treasury bills and bonds.

As per the new developmental and regulatory policies dated August 05, 2022, SPDs have been allowed to offer all foreign exchange market-making facilities to their clients, subject to adherence to the prudential regulations and other guidelines which will be issued separately. 

Additionally, all financial transactions involving the Rupee undertaken globally by related entities of the SPD shall be reported to CCIL’s trade repository before 12:00 noon of the business day following the date of transaction with effect from January 01, 2023,

Source: https://rbidocs.rbi.org.in/rdocs/notification/PDFs/NT127FA307079EB2C4F688C998752D56571B0.PDF

Concept Note on Central Bank Digital Currency to create awareness about CBDCs in general and the planned features of the Digital Rupee (e₹), in particular have been released by the RBI explaining the objectives, choices, benefits, and risks of issuing a CBDC in India. The note aims at putting forth RBI’s approach towards CBDC.

The concept note details the technology and design choices, possible uses of the Digital Rupee, issuance mechanisms, etc. It also covers the implications of introducing the CBDC on the banking system, monetary policy, and financial stability, as well as its impact on privacy issues. Pilot launches of e₹ are being planned by the RBI for limited use as test cases. The first pilot in the Digital Rupee - Wholesale segment (e₹-W) shall commence on November 1, 2022.

Source: https://rbidocs.rbi.org.in/rdocs/PublicationReport/Pdfs/CONCEPTNOTEACB531172E0B4DFC9A6E506C2C24FFB6.PDF

The Central Board of Direct Taxes has issued an order under section 119 of the Income Tax Act, 1961 extending the due date for filing of form 26Q for the second quarter of FY 2022-23 to November 30, 2022 from October 31, 2022. Form 26Q is related to TDS filing. The due date has been extended as the format has been revised and requires updation for filing.

Source: https://incometaxindia.gov.in/communications/circular/circular-21-2022.pdf

A clarification has been issued by the Food Safety and Standards Authority of India (FSSAI) regarding the application for vegan logo endorsement with reference to FSS (Vegan Foods) Regulations, 2022 and came in force on June 10, 2022.FSSAI has received applications for vegan logo endorsement from a variety of food business operators according to the guidelines for submission of applications for endorsement of vegan logo and formats. However, it was observed that multiple variants of the same product as well as two or more different products were being applied for under a single application by FBOs.

Therefore, it has been clarified that whether an application is for same product with multiple variants and two or more different products, a separate application for each variant/different product needs to be submitted and a single application will not be considered for the same. Payment for each application also must be made separately.

Source: https://www.fssai.gov.in/upload/advisories/2022/10/63400fa0b1ff6Clarification_Vegan_Foods_07_10_2022.pdf

The Ministry of Road Transport and Highways (MoRTH) has issued new rules for the BH series in Central Motor Vehicles Amendment Rules, 2022 vide a draft notification. These new rules have simplified the procedure to transfer vehicles with the BH series registration mark. It is specified that vehicles which currently possess normal registration can also be converted to BH series registration if the owners subsequently become eligible for it, by paying the necessary tax. It is also proposed to allow applicants to submit their application at either their home or place of employment. The working certificate required to be submitted by the employees of the private sector has been changed.

Source: https://morth.nic.in/sites/default/files/notifications_document/Draft%20Amendment%20to%20BH%20Series%20Registration%20Mark%20Rules.pdf

The Ministry of Road Transport & Highways (MoRTH) has postponed the implementation of the mandate for installing a minimum 6 airbags in passenger Cars (M-1 Category) to October 01,2023. This has been done keeping in mind the global supply chain constraints being faced by the auto industry and its impact on the macroeconomic scenario. The mandate was to come into effect from October 01,2022 for vehicles of category M1 to have six airbags to improve passenger safety.

Source: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1863356#:~:text=Shri%20Nitin%20Gadkari%20says%20proposal,effect%20from%201st%20October%202023

The University Grants Commission (UGC) emphasizing on National Education Policy-2020 and on equity and inclusion being the cornerstone of all educational decisions, issued draft guidelines to ensure that all students with special needs can thrive in the education system. With the flexibility in the selection of subjects and courses, an Inclusive Pedagogy characterized by the use of multiple modes of delivery, addressing various learning styles and learning needs of Divyangjans and students with specific learning disabilities (SLDS), needs to be promoted at all levels of education. Considering the significant recommendations of NEP 2020 towards the teaching of Divyangjans and SLDS, UGC has prepared/framed guidelines entitled, "Credit Based on Pedagogical Aspects for Teaching Divyangjans and Specific Learning Disabilities (SLDS)". 

Source: https://www.ugc.ac.in/pdfnews/1105261_Public-notice-SLDs.pdf

The University Grants Commission (UGC) has issued notification for Equivalence of degree obtained through Open and Distance Learning (ODL) and Online mode with degree obtained through conventional mode. In its latest notice, the UGC has shed light on ‘Equivalence of degree obtained through ODL and Online mode with degree obtained through conventional mode.’ Degrees at undergraduate and postgraduate level post-graduate diplomas awarded through Open and Distance training mode and/or online mode by Higher Educational Institutions, recognised by the Commission under the regulations, shall be treated as equivalent to the corresponding awards of the Degrees at undergraduate and postgraduate level and post-graduate diplomas offered through conventional mode. Recently, UGC also introduced amendments in order to attract more foreign students which allowed them to apply for higher education in India with any recent national ID as opposed to their passports. The commission has also introduced joint-degree, dual degree and twinning programmes as a mode of collaboration between higher education institutions in India and those abroad. 

Source: https://www.ugc.ac.in/pdfnews/8526483_ODL-Online-degree-through-conventional-mode.pdf

The University Grants Commission (UGC) vide a notification titled transforming higher educational institutions (HEIs) into multidisciplinary institutions, on September 02, 2022, issued guidelines paving the way for diverse education. Higher education institutions will be recognised under three categories as per the recommendations of the National Education Policy (NEP). These categories are Teaching-intensive Universities, Research-intensive Universities and Degree-awarding Autonomous Universities.

As per the guidelines affiliated colleges will have to pass through different stages of autonomy to achieve the degree-awarding status. Alternatively, they can become a part of a cluster to become a large multi-disciplinary HEI. An HEI upon becoming a constituent college of the large university, may then collaborate with other constituent colleges of the university and may also open new departments to achieve the status of multidisciplinary HEI.

UGC has also proposed insititutes to collaborate with each other to curate programmes that enhance the nature of the degree and education. Respective institutions may determine their own course tuition fee charged for the courses.It has been made mandatory through the draft guidelines for institutions to approve the NEP-proposed dual degree programme. For cluster of Government colleges a board of Governors will be appointed headed by a Chairman appointed by the state government. 

Source: https://www.ugc.ac.in/pdfnews/9154182_Letter-HEIs-Guidelines-for-Transforming-into-Multidisciplinary-Institutions.pdf

The MCA has issued Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2022 whereby it has amended the Companies (Appointment and Qualification of Directors) Rules, 2014 and has substituted E-form Form No. DIR-3-KYC and web-form 3-KYC-WEB with a new format shared in the official notification. 

Source: https://www.mca.gov.in/bin/ebook/dms/getdocument?doc=MTc4NzQ2NTk4&docCategory=Notifications&type=open

In August, MCA notified the Companies (Incorporation) Third Amendment Rules, 2022 to amend the Companies (Incorporation) Rules, 2014 wherein a rule relating to physical verification of the registered office of the company was inserted. The rule provides the registrar to visit at the address of the registered office of the company and physically verify the said registered office in presence of two independent witnesses of the locality in which the said registered office is situated. The notification provided conducting such verification on the basis of documents submitted by the company. Further, where the registered office of the company is found to be not capable of receiving and acknowledging all communications and notices,  the registrar  is required send a notice to the company and all the directors of the company, of his/her intention to remove the name of the company from the register of companies and requesting them to send their representations along with copies of relevant documents, if any, within a period of thirty days from the date of the notice before taking further actions in accordance with the provisions of the Companies Act.

In furtherance to the same, the MCA has issued Companies (Removal of Names of Companies from the Register of Companies) Second Amendment Rules, 2022, to amend the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016, in which substitutions have been made in the Form STK-1 to remove the name of the company in case is not carrying on any business operations as ascertained through physical verification. 

Sources:

• https://www.mca.gov.in/bin/ebook/dms/getdocument?doc=MTcyODE0NDc2&docCategory=NotificationsAndCirculars&type=open
• https://www.mca.gov.in/bin/ebook/dms/getdocument?doc=MTc4NzM3NTM2&docCategory=Notifications&type=open

In its attempt to ensure that various documents and records are readily available for the authorities to check any time, the MCA has notified Companies (Accounts) Fourth Amendment Rules, 2022 in order to amend the Companies (Accounts) Rules, 2014. 

The rules mandate maintaining of books of account and other relevant books and papers in electronic mode to remain accessible in India “at all times". The companies are required to back up the books of account and other documents kept in electronic mode, including at any place outside India have to be kept in servers physically located in India “on a daily basis". Additionally, businesses are required to report more details about the service provider who manages their electronic books of accounts and other records. According to the amendment, the name and address of the person in charge of the books of account and other books and papers in India must be reported when the service provider is based outside of India on an annual basis. 

Source: https://files.caclub.in/wp-content/uploads/mca-notification-dt-05-08-2022-companies-accounts-fourth-amendment-rules-2022..pdf

MCA has amended the rules for Corporate Social Responsibility (CSR) regulations in India. Expenditure on CSR activities was made mandatory in 2014, now MCA has made the following changes by Companies (Corporate Social Responsibility Policy) Amendment Rules, 2022 introduced on September 20, 2022:

CSR committee for unspent CSR amount

A CSR committee is to be established by all Companies for monitoring their CSR commitments and any funds in their “Unspent Corporate Social Responsibility Account”. Companies may keep unused funds set aside for CSR in this account to use them within three financial years. The earlier relaxation given to companies to not form a CSR committee if they no longer satisfy the required criteria has also been done away with by these Amendment rules.

Expenditure for Impact Assessment Changed

The Amendment Rules provide that the cost of social impact assessments, which can be considered as CSR spending, cannot be greater than 2% of all CSR expenditures for the applicable financial year or Rupees 50 lakh, whichever is higher. Greater impact assessment spending is permitted in the event of substantial CSR projects 

Format for annual report on CSR activities Revised

All companies are required to provide the following information in the annual report as per the new rules:

• Explanation of its CSR policy in brief;
• Name, designation and number of meetings held and attended by the Director as well as information about the other members of the CSR committee 
• Executive summary and web links for the impact assessments of CSR projects.
• Company’s website where the CSR Committee’s membership, CSR policy, and CSR projects approved by the board are listed; and

Many other disclosures are now required the annual report of the companies such as, unspent CSR amount for the preceding three financial years, information regarding the CSR amount allocated to ongoing projects and other than ongoing projects and particulars of excess amount for set-off, if applicable. The company must also specify if any capital assets were generated or bought under the company’s CSR spending during the financial year, and how many. The annual report should also provide reasons for the company’s failure to spend 2% of the average net profits of the three immediately preceding financial years, if any.

Source: https://www.mca.gov.in/bin/ebook/dms/getdocument?doc=MTgwNDY3Mzc5&docCategory=Notifications&type=open

The Ministry of Corporate Affairs (MCA) on September 15, 2022 has issued Companies (Specification of definition details) Amendment Rules, 2022 to further amend Companies (Specification of Definition Details) Rules, 2014. This has come into force on September 15, 2022. 

Earlier, definition of “small companies” under the Companies Act, 2013 was revised by increasing their thresholds for paid up capital from “not exceeding Rs 50 lakh” to “not exceeding Rs 2 crore” and turnover from “not exceeding Rs 2 crore” to “not exceeding Rs 20 crore”. This definition has, now, been further revised by increasing such thresholds for paid up Capital from “not exceeding Rs. 2 crore” to “not exceeding Rs. 4 crore” and turnover from “not exceeding Rs. 20 crore” to “not exceeding Rs. 40 crore”. 

Source: https://www.mca.gov.in/bin/ebook/dms/getdocument?doc=MTgwNDY3Mzc5&docCategory=Notifications&type=open

Department of Consumer Affairs, Government of India amended the Legal Metrology(General) Rules, 2011. The Legal Metrology Act, 2009 allows the companies to nominate any of its Directors as a person responsible for the business of the Company. Earlier in case of violations under the Legal Metrology Act, the prosecutions were initiated against the Directors of the companies even for violations by any establishment or branch or unit in any establishment or branch of the company. There was request from various industries to allow nominating the person who is actually having the authority and responsibility of the establishment or branch or unit in any establishment or branch and not the Director, so that the notices for the violation done by the establishments or branches or units should not be issued to the Directors who are not responsible for the violation of establishment or branch or unit in any establishment or branch. With this amendment, companies having different establishments or branches or different units in any establishment or branch can now nominate an officer who has the authority and responsibility for the operations and activities of the establishments or branches or different units. This will facilitate the companies to nominate a person who is actually responsible for the activities of an establishment or branch of the company in place of Director of the Company, who is not directly involved in day-to-day activity of that establishment or branch thereof.

Source: https://pib.gov.in/PressReleasePage.aspx?PRID=1865188

The Ministry of Home Affairs has extended the validity of FCRA registration certificates of certain categories of FCRA registered entities.  “The following categories of FCRA registered entities have been included: • The validity of registration certificates of such entities whose validity was extended till 30.09.2022 in terms of the Public Notice dated 22.06.2022 and whose renewal application is pending will stand extended till 31.03.2023 or till the date of disposal of renewal application, whichever is earlier. • The validity of those FCRA entities whose 5 years’ validity period is expiring from 01.10.2022 to 31.03.2023 and who have applied/apply for renewal before the expiry of 5 years’ validity period will stand extended up to 31.03.2023 or till the date of disposal of renewal application, whichever is earlier. It is therefore advised to all FCRA registered associations to take note that in case of refusal of the application for renewal of the certificate of registration, the validity of the certificate shall be deemed to have expired on the date of the refusal of the application of renewal and the association shall not be eligible either to receive the foreign contribution or utilize the foreign contribution received.”

Source: https://fcraonline.nic.in/home/PDF_Doc/fc_notice_23092022.pdf