ricago GRC Bulletin - July - 2022 Edition
Corporate Laws
On June 24, 2022 SEBI issued Guidelines for Large Value Fund for Accredited Investors under SEBI (Alternative Investment Funds) Regulations, 2012 and Requirement of Compliance Officer for Managers of all AIFs…. Read more
Other Laws
MINISTRY OF HEALTH AND FAMILY WELFARE NOTIFIES THE ASSISTED REPRODUCTIVE TECHNOLOGY REGULATION RULES, 2022
The Central Government has notified on 7th June 2022, the Assisted Reproductive Technology (Regulation) Rules, 2022 in order to regulate the functioning of Assisted Reproductive Technology (ART) clinics and banks…. Read more
MINISTRY OF HEALTH AND FAMILY WELFARE NOTIFIES THE SURROGACY (REGULATION) RULES, 2022
The Ministry of Health and Family Welfare has notified The Surrogacy (Regulation) Rules, 2022 on 21st June 2022 which provides the Form and manner for registration and fee for a surrogacy clinic and the requirement…. Read more
COMMISSIONERATE OF HEALTH AND FAMILY WELFARE SERVICES, KARNATAKA ISSUES GUIDELINES TO CONTAIN COVID-19
On 28th July 2022, the Commission for Health & Family Welfare Services, Karnataka notified guidelines for COVID-19. Due to rising Covid-19 cases in Bangalore city from 10th June 2022, the state Covid-19 Technical Advisory Committee …. Read more
CCPA ISSUED GUIDELINES FOR THE PREVENTION OF MISLEADING ADVERTISEMENTS AND ENDORSEMENTS FOR MISLEADING ADVERTISEMENTS, 2022
The Central Consumer Protection Authority on 9th June, 2022 notified a guidelines for Prevention of Misleading Advertisements and Endorsements for Misleading Advertisements, 2022… Read more
Tax Laws
CBDT NOTIFIES THE INCOME TAX (SEVENTEENTH AMENDMENT) RULES 2022
On 16th June 2022, the Ministry of Finance notified a circular on Income Tax (seventeenth amendment) Rule, 2022. This amendment came into force on the same date… Read more
CBDT ISSUED A CIRCULAR ON COMPLIANCE CHECK FUNCTIONALITY FOR SECTION 206A8 & 206CCA OF INCOME-TAX ACT 1961
CBDT on 9th June, 2022 notified a circular regarding Section 206AB and 206CCA of the Income-tax Ad,1961which shall be effective from 1st July 2021 and imposed higher TDS/TCS rate on the “Specified Persons” defined as under… Read more
CBDT ISSUED GUIDELINES FOR REMOVAL OF DIFFICULTIES UNDER SUB-SECTION (6) OF SECTION 194S OF THE INCOME-TAX ACT, 1961
On 22nd June, 2022 Finance Act 2022 inserted a new section 194S in the Income-tax Act, 1961 (hereinafter referred to as “the Act”) with effect from 1st July 2022… Read more
Judicial Insight
CESTAT: IT SERVICE PROVIDED BY ASSESSEE TO ASSOCIATE COMPANY IN USA AMOUNTS TO EXPORT OF SERVICE…. Read more
SC: NCLT/NCLAT SHOULD NOT SIT IN APPEAL OVER COMMERCIAL WISDOM OF COC TO ALLOW WITHDRAWAL OF CIRP…. Read more.
Previous Newsletters
Recent Blog Posts
GST Benefits for MSME Enterprises in India
The Micro, small and medium enterprise sector is the backbone of the Indian economy. In accordance with the provision of the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 Micro, Small, and medium enterprise are classified into two classes. Manufacturing and service enterprise. As notified vide S.O. 1642(E) dated 29th September 2006 issued by...
Social Media Platforms shall adhere to Due Diligence under IT Act
Internet Intermediaries are entities which perform various functions including facilitation of exchange of information and online communication. For example, Facebook, Whatsapp or Twitter are internet intermediaries. A Registered User on these platforms can share information, and pictures and perform various functions such as running a business and forming a community. In recent times many third-party…
Compliance requirements under Companies Act, 2013
A company is a legal entity. All the matters of the company have to be decided by the members of the company. The discussions which takes place in order to decide the matters of the company as known as meeting of the company. The Companies Act, 2013 made meeting compliances to be followed. The meetings…