1866 Legal Updates in Central

ESIC declares a Drug Not of Standard Quality on testing

Sep 18, 2019

The Employees State Insurance Corporation of India (ESIC) on September 17, 2019, issues a Circular to inform that the drug of ‘Syp Cefuroxime Axetil for Oral Suspension’ is Not of Standard Quality on testing. Therefore, it is directed to stop the use of particular drug immediately. It is also directed that action may be taken as Rules o

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National Medical Commission (Annual Statement of Accounts, Submission of Annual Report and Other Reports and Statements) Rules, 2019

Sep 18, 2019

The Ministry of Health and Family welfare (MoHFW) on September 16, 2019, has published the National Medical Commission (Annual Statement of Accounts, Submission of Annual Report and Other Reports and Statements) Rules, 2019. It will come into force from the date of its publication in the Official Gazette that is September 16, 2019. These Rules spe

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DGFT amends the Annexure I to Appendix 2A of the Handbook of procedure (2015-20)

Sep 18, 2019

The Directorate General of Foreign Trade (DGFT) on September 13, 2019, has made the amendments in the Annexure I to Appendix 2A laying down the procedure for import of various items under Tariff Rate Quota under different Trade Agreement, of the Handbook of Procedure (2015-20) (Page 2). Effect of this public Notice: Annexure I to Appendix 2A revis

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National Financial Reporting Authority (Amendment) Rules, 2019

Sep 18, 2019

The Ministry of Corporate Affairs (MCA) on September 05, 2019, has published the National Financial Reporting Authority (Amendment) Rules, 2019 to further amend the National Financial Reporting Authority Rules, 2018. It will come into force on the date of its publication in the Official Gazette that is September 05, 2019. The amendments made in th

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Foreign Contribution (Regulation) (Second Amendment) Rules, 2019

Sep 17, 2019

The Ministry of Home Affairs on September 16, 2019, has published the Foreign Contribution (Regulation) (Second Amendment) Rules, 2019 to further amend the Foreign Contribution (Regulation) Rules, 2011. The following amendments in the Foreign Contribution (Regulation) Rules, 2011 are as under: Ø  Under Rule 6A which specifies the crit

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IBBI mandates valuation requirement under Companies Act, 2013 and the Insolvency and Bankruptcy Code, 2016

Sep 17, 2019

The Insolvency and Bankruptcy Board of India (IBBI) on September 16, 2019, issues Circular mandating valuation required under the provisions of the Companies Act, 2013 and the Insolvency and Bankruptcy Code, 2016. IBBI issued Circular No. IBBI/RV/019/2018 dated October 17, 2018 mandating valuation required under the Code, 2016. The followings are

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Income-tax (7th Amendment) Rules, 2019

Sep 17, 2019

The Central Board of Direct Taxes (CBDT) on September 16, 2019, has published the Income-tax (7th Amendment) Rules, 2019 to further amend the Income-tax Rules, 1962. The amendment in the Income-tax Rules, 1962 is as under: Under Rule 2F(5) which specifies the Guidelines for setting up an Infrastructure Debt Fund for the purpose of exemption under

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Ministry of Steel exempts the intermediate or finish products from the purview of Steel and Steel Products (Quality Control) Order, 2019

Sep 17, 2019

The Ministry of Steel on September 17, 2019, has informed that two intermediate or finish products will remain outside the purview of the Steel and Steel Products (Quality Control) Order, 2019 till March 16, 2020. The two intermediate or finish products which are out the purview of the Steel and Steel Products (Quality Control) Order, 2019, namely

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Bharat Bill Payment System

Sep 17, 2019

The Reserve Bank of India (RBI) on September 16, 2019, issues guidelines on Bharat Bill Payment System (BBPS) to implement an integrated bill payment system in the country that offers interoperable and accessible bill payment services to customers through a network of agents, enabling multiple payment modes, and providing instant confirmation of pa

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