In the dynamic and ever-evolving landscape of regulations, staying updated with the latest regulatory changes is crucial for individuals and organizations alike. Regulatory updates play a significant role in shaping industries, influencing compliance requirements, and impacting business operations. In this blog, we will dive into the roundup of important regulatory updates that took place in the month of May 2023. From new legislation to revised guidelines, these updates reflect the continuous efforts of regulatory bodies to adapt to emerging trends and address evolving challenges. By keeping a pulse on these regulatory changes, individuals and organizations can proactively navigate the compliance landscape, ensure legal adherence, and stay ahead in an increasingly regulated world. So, let's explore the notable regulatory updates from May 2023 and their implications across various categories
The Delhi high court, in a leading judgement delivered on 3rd June, 2016, has declared service tax audit being conducted by Central Excise and Service tax department as ultra virus, in the matter of Mega Cabs Vs UOI. The matter was argued by Mr. J.K. Mittal, FCA as advocate of the petitioner.
RBSA-Budget-Finance Bill 2023-Key Proposals.pdfRBSA Advisors
Keeping a people-centric approach, various amendments in individual tax provisions and amendments providing benefits under the new tax-rate regime is a welcome move.
India's regulatory environment is fluid. There are over 3,000 regulatory changes in a year. Staying on top of these updates is a huge challenge for Compliance officers in India.
August 2020 was no different. There were 373 regulatory updates during the month; 188 central updates and 185 from States. Compliance Watch is our Monthly Compliance Updates Newsletter which presents comprehensive and consolidated regulatory updates from centre, states, union territories, regulators, ministries, categories and compliance types.
Take the step forward and subscribe the free daily legal updates today! Visit our website www.avantis.co.in or Call us at +91 8893594595 for details or write to us at sales@avantis.co.in for subscription.
The Delhi high court, in a leading judgement delivered on 3rd June, 2016, has declared service tax audit being conducted by Central Excise and Service tax department as ultra virus, in the matter of Mega Cabs Vs UOI. The matter was argued by Mr. J.K. Mittal, FCA as advocate of the petitioner.
RBSA-Budget-Finance Bill 2023-Key Proposals.pdfRBSA Advisors
Keeping a people-centric approach, various amendments in individual tax provisions and amendments providing benefits under the new tax-rate regime is a welcome move.
India's regulatory environment is fluid. There are over 3,000 regulatory changes in a year. Staying on top of these updates is a huge challenge for Compliance officers in India.
August 2020 was no different. There were 373 regulatory updates during the month; 188 central updates and 185 from States. Compliance Watch is our Monthly Compliance Updates Newsletter which presents comprehensive and consolidated regulatory updates from centre, states, union territories, regulators, ministries, categories and compliance types.
Take the step forward and subscribe the free daily legal updates today! Visit our website www.avantis.co.in or Call us at +91 8893594595 for details or write to us at sales@avantis.co.in for subscription.
Newsletter on daily professional updates- 09/06/2020CA PRADEEP GOYAL
“The more knowledge you have on a certain topic,
the more equipped you are to deal with it."
Here is your Daily dose of professional updates 09.06.2020
Newsletter on daily professional updates- 27th September 2019CA PRADEEP GOYAL
Knowledge is like money: to be of value it must circulate, and in circulating it can increase in quantity and, hopefully, in value.
Here is your Daily dose of professional updates in newsletter form- 27th September 2019
The BJP Government is on the verge of completing a year and has now stabilised. Major economic initiatives and actions are emerging for a high growth oriented economy.
India Inc. endorses Government’s Speed of Decision making and Implementation Agenda. Sumit Mazumder, President, CII, addressed CII's first Press Conference on its National Agenda 2015-16. Since coming to power in May 2014, the new government has adopted several measures to generate positive sentiment about the Indian economy. CII’s theme for the year is to Build India: Invest in Development. This would involve CII’s engagement in four broad areas: promoting growth and competitiveness, developing human capital, promoting infrastructure investments encouraging social development. CII is involved in three national missions – on smart cities, on digital India and on Sanitation in schools. CII is working with central, state and local governments for the successful implementation of these missions.
Newsletter on daily professional updates- 21/03/2020CA PRADEEP GOYAL
“A hero is an ordinary individual who finds the strength
to persevere and endure in spite of overwhelming obstacles.”
Here is your Daily dose of professional updates 21.03.2020
Newsletter on daily professional updates- 13/02/2020CA PRADEEP GOYAL
“I believe that the greatest crime is
to learn something that can significantly benefit other people,
yet share it with no one.”
Here is your Daily dose of professional updates 13.02.2020
Daily dose of professional updates in newsletter form- 4th September 2019CA PRADEEP GOYAL
Unless you try to do something beyond what you have already mastered, you will never grow. Here is your Daily dose of professional updates in newsletter form- 4th September 2019
Micro, Medium and Small Enterprises
It is helpful for enterpreneurs and persons having interest in economy and want to gain knowledge regarding society.
You can contact me directly for any type of assistance
Get the latest updates and insights on Indian Budget 2023 from King Stubb & kasiva. Stay informed on the government's financial policies and understand their impact on the economy and citizens.
Impact on TMT industry from Union Budget 2020aakash malhotra
The budget inter-alia aims to focus on three important aspects: ease of living, ease of doing business, and ease of transactions. Several policy measures are proposed for harnessing the potential of disruptive technologies such as Artificial intelligence, Internet of things (IOT), 3D printing, drones, etc. See More https://www2.deloitte.com/in/en/pages/pages/tax/articles/in-tmt-budget-expectations-noexp.html
The 2015 budget had long list of expectations. On one hand; the Government has addressed major issues surrounding the foreign investors which would certainly boost capital market inflows and revive the private equity industry (by deferring GAAR by 2 years and clarifying Permanent Establishment & Indirect Transfer of Assets). On other hand; it has just rationalized the subsidies. Probably as we see growth coming in and more job creation; subsidy burden can be better dealt with by the Government. Though there are no direct benefits for the middle class. However incentives have been introduced to encourage savings. These savings are expected to fuel the infrastructure and other investment plans laid out by the Government. Certainly Foreign investors have a reason to cheer for this Pro Business; Pro Growth Government budget.
Newsletter on daily professional updates- 07/03/2020CA PRADEEP GOYAL
“Sharing knowledge occurs when people are genuinely interested in helping one another develop new capacities for action;
it is about creating learning processes.”
Here is your Daily dose of professional updates 07.03.2020
ICAI Elections -Your Vote will make the DifferenceNeha Sharma
The most crucial time for the profession of CAs i.e. 3 yearly elections of the Institute are scheduled for December 4-5, 2015. How we exercise our vote will decide future of each one of us. The role being played by the Elected Central Council & the Regional Council is very crucial and it is important to understand while voting that We need a leadership which takes the profession in a right Direction, new and larger professional opportunities are harnessed nationally as well as internationally,we meet various challenges as a profession and all members are effectively, efficiently and respectfully deliver professional services and add a highly acclaimed value to the corporate, while being in employment.
Staying compliant with an ever-increasing number of rules and industry standards is critical in today's fast-changing corporate world. The cloud-based Compliance Management System comes into play here. A cloud-based compliance management system is a powerful tool that helps enterprises to manage their compliance needs easily and effectively while reaping the benefits of cloud technology. Unlike traditional Compliance Management Systems that rely on on-premises infrastructure, cloud-based systems make use of cloud computing's scalability, flexibility, and accessibility. These systems provide a centralised platform for enterprises to monitor, track, and assure compliance with numerous regulations and standards, all while operating in a safe and user-friendly digital environment.
In today's rapidly evolving business landscape, staying compliant with an ever-increasing number of regulations and industry standards is paramount. This is where cloud-based Compliance Management System come into play. A cloud-based compliance management system is a powerful tool that enables organisations to efficiently and effectively manage their compliance requirements while harnessing the benefits of cloud technology. Unlike traditional Compliance Management System that rely on on-premises infrastructure, cloud-based systems leverage the scalability, flexibility, and accessibility of cloud computing. These systems provide a centralised platform where businesses can monitor, track, and ensure adherence to various regulations and standards, all within a secure and user-friendly digital environment.
Newsletter on daily professional updates- 09/06/2020CA PRADEEP GOYAL
“The more knowledge you have on a certain topic,
the more equipped you are to deal with it."
Here is your Daily dose of professional updates 09.06.2020
Newsletter on daily professional updates- 27th September 2019CA PRADEEP GOYAL
Knowledge is like money: to be of value it must circulate, and in circulating it can increase in quantity and, hopefully, in value.
Here is your Daily dose of professional updates in newsletter form- 27th September 2019
The BJP Government is on the verge of completing a year and has now stabilised. Major economic initiatives and actions are emerging for a high growth oriented economy.
India Inc. endorses Government’s Speed of Decision making and Implementation Agenda. Sumit Mazumder, President, CII, addressed CII's first Press Conference on its National Agenda 2015-16. Since coming to power in May 2014, the new government has adopted several measures to generate positive sentiment about the Indian economy. CII’s theme for the year is to Build India: Invest in Development. This would involve CII’s engagement in four broad areas: promoting growth and competitiveness, developing human capital, promoting infrastructure investments encouraging social development. CII is involved in three national missions – on smart cities, on digital India and on Sanitation in schools. CII is working with central, state and local governments for the successful implementation of these missions.
Newsletter on daily professional updates- 21/03/2020CA PRADEEP GOYAL
“A hero is an ordinary individual who finds the strength
to persevere and endure in spite of overwhelming obstacles.”
Here is your Daily dose of professional updates 21.03.2020
Newsletter on daily professional updates- 13/02/2020CA PRADEEP GOYAL
“I believe that the greatest crime is
to learn something that can significantly benefit other people,
yet share it with no one.”
Here is your Daily dose of professional updates 13.02.2020
Daily dose of professional updates in newsletter form- 4th September 2019CA PRADEEP GOYAL
Unless you try to do something beyond what you have already mastered, you will never grow. Here is your Daily dose of professional updates in newsletter form- 4th September 2019
Micro, Medium and Small Enterprises
It is helpful for enterpreneurs and persons having interest in economy and want to gain knowledge regarding society.
You can contact me directly for any type of assistance
Get the latest updates and insights on Indian Budget 2023 from King Stubb & kasiva. Stay informed on the government's financial policies and understand their impact on the economy and citizens.
Impact on TMT industry from Union Budget 2020aakash malhotra
The budget inter-alia aims to focus on three important aspects: ease of living, ease of doing business, and ease of transactions. Several policy measures are proposed for harnessing the potential of disruptive technologies such as Artificial intelligence, Internet of things (IOT), 3D printing, drones, etc. See More https://www2.deloitte.com/in/en/pages/pages/tax/articles/in-tmt-budget-expectations-noexp.html
The 2015 budget had long list of expectations. On one hand; the Government has addressed major issues surrounding the foreign investors which would certainly boost capital market inflows and revive the private equity industry (by deferring GAAR by 2 years and clarifying Permanent Establishment & Indirect Transfer of Assets). On other hand; it has just rationalized the subsidies. Probably as we see growth coming in and more job creation; subsidy burden can be better dealt with by the Government. Though there are no direct benefits for the middle class. However incentives have been introduced to encourage savings. These savings are expected to fuel the infrastructure and other investment plans laid out by the Government. Certainly Foreign investors have a reason to cheer for this Pro Business; Pro Growth Government budget.
Newsletter on daily professional updates- 07/03/2020CA PRADEEP GOYAL
“Sharing knowledge occurs when people are genuinely interested in helping one another develop new capacities for action;
it is about creating learning processes.”
Here is your Daily dose of professional updates 07.03.2020
ICAI Elections -Your Vote will make the DifferenceNeha Sharma
The most crucial time for the profession of CAs i.e. 3 yearly elections of the Institute are scheduled for December 4-5, 2015. How we exercise our vote will decide future of each one of us. The role being played by the Elected Central Council & the Regional Council is very crucial and it is important to understand while voting that We need a leadership which takes the profession in a right Direction, new and larger professional opportunities are harnessed nationally as well as internationally,we meet various challenges as a profession and all members are effectively, efficiently and respectfully deliver professional services and add a highly acclaimed value to the corporate, while being in employment.
Staying compliant with an ever-increasing number of rules and industry standards is critical in today's fast-changing corporate world. The cloud-based Compliance Management System comes into play here. A cloud-based compliance management system is a powerful tool that helps enterprises to manage their compliance needs easily and effectively while reaping the benefits of cloud technology. Unlike traditional Compliance Management Systems that rely on on-premises infrastructure, cloud-based systems make use of cloud computing's scalability, flexibility, and accessibility. These systems provide a centralised platform for enterprises to monitor, track, and assure compliance with numerous regulations and standards, all while operating in a safe and user-friendly digital environment.
In today's rapidly evolving business landscape, staying compliant with an ever-increasing number of regulations and industry standards is paramount. This is where cloud-based Compliance Management System come into play. A cloud-based compliance management system is a powerful tool that enables organisations to efficiently and effectively manage their compliance requirements while harnessing the benefits of cloud technology. Unlike traditional Compliance Management System that rely on on-premises infrastructure, cloud-based systems leverage the scalability, flexibility, and accessibility of cloud computing. These systems provide a centralised platform where businesses can monitor, track, and ensure adherence to various regulations and standards, all within a secure and user-friendly digital environment.
In an era of technological advancements, businesses are confronted with mounting pressure to adhere to an expanding array of regulations and standards. This can present a complex and time-consuming endeavor, particularly for organizations relying on manual methods for compliance management. However, in today's digital age, there exists a solution that streamlines compliance processes and mitigates the risk of noncompliance: the Compliance Management System (CMS). The CMS is a software platform tailored to assist businesses in automating and optimizing their compliance efforts. By serving as a centralized hub for storing, tracking, and managing compliance-related data, documents, and tasks, the CMS enables companies to proactively identify and address potential risks. Embracing a Compliance Management System empowers businesses to save time, reduce costs, and minimize the likelihood of noncompliance.
In the rapidly evolving regulatory landscape, staying compliant with laws, regulations, and industry standards is a top priority for organizations across various sectors. However, manual compliance management processes often lead to inefficiencies, errors, and increased risks. To overcome these challenges and unlock the true potential of compliance, organizations are turning to digital Compliance Management System. A digital Compliance Management Systems offers a comprehensive solution to manage and streamline compliance efforts, ensuring adherence to regulations while driving operational excellence. In this blog post, we will explore how implementing a digital Compliance Management System can revolutionize your compliance practices, enabling you to achieve higher efficiency, accuracy, and peace of mind in your compliance journey. Let's dive in and discover the numerous benefits of embracing this powerful tool.
In today's fast-paced and highly regulated business landscape, staying compliant with ever-changing regulations is a top priority for organizations. That's where Compliance management software comes into play. Compliance management software offers businesses a comprehensive solution to effectively navigate complex compliance requirements and streamline their processes. In this article, we will explore the top five reasons why embracing Compliance management software is a must for businesses of all sizes and industries. So, let's dive in and discover how Compliance management software can revolutionize your compliance efforts
In today's ever-changing regulatory landscape, organizations face increasing complexities and challenges in meeting compliance requirements. Navigating through the myriad of regulations, policies, and procedures can be a daunting task. However, with the advent of digital solutions and software tools known as Compliance Management Systems (Compliance Management System), organizations can now overcome these compliance hurdles with ease. A Compliance Management System is a powerful digital solution designed to streamline compliance processes, automate documentation, and ensure adherence to regulatory standards. Join us as we explore the challenges and discover how a Compliance Management System can be a game-changer for your organization's compliance efforts.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Explore our most comprehensive guide on lookback analysis at SafePaaS, covering access governance and how it can transform modern ERP audits. Browse now!
Skye Residences | Extended Stay Residences Near Toronto Airportmarketingjdass
Experience unparalleled EXTENDED STAY and comfort at Skye Residences located just minutes from Toronto Airport. Discover sophisticated accommodations tailored for discerning travelers.
Website Link :
https://skyeresidences.com/
https://skyeresidences.com/about-us/
https://skyeresidences.com/gallery/
https://skyeresidences.com/rooms/
https://skyeresidences.com/near-by-attractions/
https://skyeresidences.com/commute/
https://skyeresidences.com/contact/
https://skyeresidences.com/queen-suite-with-sofa-bed/
https://skyeresidences.com/queen-suite-with-sofa-bed-and-balcony/
https://skyeresidences.com/queen-suite-with-sofa-bed-accessible/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-king-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed-accessible/
#Skye Residences Etobicoke, #Skye Residences Near Toronto Airport, #Skye Residences Toronto, #Skye Hotel Toronto, #Skye Hotel Near Toronto Airport, #Hotel Near Toronto Airport, #Near Toronto Airport Accommodation, #Suites Near Toronto Airport, #Etobicoke Suites Near Airport, #Hotel Near Toronto Pearson International Airport, #Toronto Airport Suite Rentals, #Pearson Airport Hotel Suites
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
2. Breaking Down the Latest
Regulatory Changes: May
2023 Update Roundup
In the dynamic and ever-evolving landscape of
regulations, staying updated with the latest regulatory
changes is crucial for individuals and organizations alike.
Regulatory updates play a significant role in shaping
industries, influencing compliance requirements, and
impacting business operations. In this blog, we will dive
into the roundup of important regulatory updates that
took place in the month of May 2023. From new
legislation to revised guidelines, these updates reflect
the continuous efforts of regulatory bodies to adapt to
emerging trends and address evolving challenges. By
keeping a pulse on these regulatory changes, individuals
and organizations can proactively navigate the
compliance landscape, ensure legal adherence, and stay
ahead in an increasingly regulated world. So, let's
explore the notable regulatory updates from May 2023
and their implications across various categories
3. 1) Finance & Taxation Regulatory Updates
There were 169 regulatory updates in this category.
● The Ministry of Commerce and Industry issued a notification regarding the realignment of the RoDTEP
schedule from 01.05.2023. 149 tariff lines at the 8-digit level have been added to the RoDTEP schedule,
while 52 lines at the 8-digit level have been removed
● The Central Board of Indirect Taxes (CBIC) issued a notification regarding the acceptance of an electronic
certificate of origin (e-CoO) issued under the India-Sri Lanka FTA (ISFTA). The e-CoO must be
mandatorily uploaded on the e-Sanchit portal by the importer for claiming preferential benefit
● The Ministry of Finance (MoF) issued a notification regarding the financial transactions carried out by a
relevant person on behalf of his client, in the course of his/her profession. Certain activities including
buying and selling of any immovable property, managing client money, securities, or other assets, and
management of bank, savings, or securities accounts among others are now covered under the
Prevention of Money Laundering Act, 2002
5. There were 118 regulatory updates in this category.
● The Securities and Exchange Board of India (SEBI) has issued a circular introducing the Legal Entity Identifier
(LEI) for issuers who have listed and/or propose to list non-convertible securities, securitised debt
instruments, and security receipts. It will act as a global identifier for legal entities participating in financial
transactions and create a global reference data system
● The Reserve Bank of India (RBI) has amended the Master Direction on KYC - Instructions on Wire Transfer.
The amendments are made in order to align the instructions with the relevant FATF recommendations
● The Insolvency and Bankruptcy Board of India (IBBI) issued a notice to seek comments on the regulations
notified under the Insolvency and Bankruptcy Code, 2016. Comments can be sent till 31.12.2023 and the
modified regulations will be notified by 31.03.2024
● The Securities and Exchange Board of India (SEBI) issued a circular regarding the testing framework for the
Information Technology (IT) systems of the Market Infrastructure Institutions (MIIs). MIIs have been directed
to ensure compliance with certain requirements while establishing the testing framework for their IT
systems/applications
● The Securities and Exchange Board of India (SEBI) has issued a circular regarding Direct Market Access
(DMA) to SEBI-registered foreign portfolio investors (PFIs). SEBI has allowed stock exchanges to extend the
DMA facility to FPIs for participation in Exchange Traded Commodity Derivatives (ETCDs)
6. 1) Commercial Regulatory Updates
There were 63 regulatory updates in this category.
● The Ministry of Commerce and Industry (MoCI) issued the Special
Economic Zones (Second Amendment) Rules, 2023 to further amend the
original 2006 rules. Entities set up in an International Financial Service
Centre and regulated by the IFSCA are exempted from rule 53 (Net
Foreign Exchange Earnings) of the SEZ Rules, 2016
● The Ministry of Finance (MoF) launched the ‘Vivad se Vishwas’ Scheme
for providing relief to MSMEs. 95% of the performance security forfeited,
liquidated damages deducted, and the risk amount realised will be
refunded
● The Government of Goa has notified regarding the enhancement of the
wage rate of the jobseekers for unskilled manual work. The enhanced
wage rate under the Mahatma Gandhi National Rural Employment
Guarantee Scheme will be applicable from 01.04.2023
● The Directorate General of Foreign Trade (DGFT) issued a notification
regarding an amendment to the import policy condition of apples under
ITC (HS) 08081000. Import of such apples has been prohibited wherever
the CIF import price is less than or equal to INR 50/kg
8. There were 218 regulatory updates in this category.
● The Telecom Regulatory Authority of India (TRAI) released
recommendations on “Ease of Doing Business in Telecom and
Broadcasting Sector”. The recommendations suggest a user-friendly,
transparent, and responsive digital single-window system-based portal,
granting infrastructure status to the ‘Broadcasting and Cable Services
Sector’, and shifting the process of surrendering DoT licence, issuing
NOC, the release of Bank Guarantees to service providers online
● The International Financial Services Centres Authority (IFSCA) issued the
IFSCA (Management Control, Administrative Control and Market Conduct
of Insurance Business) Regulations, 2023. These regulations are
applicable to all IFSCA Insurance Offices (IIOs) and International
Insurance Intermediary Offices (IIIOs)
● The Insurance Regulatory and Development Authority of India (IRDAI)
issued a notification regarding the draft guidelines on the remuneration
of Non-Executive Directors and Key Managerial Persons (KMPs) of private
sector insurers. The guidelines have been in place for over 6 years and
as such the remuneration of KMPs has also been brought under them
9. ● The National Payments Corporation of India (NPCI)
issued a notification regarding the validity of
mandates. The validity of a mandate has been
limited to a period of 120 working days from the
date of the mandate
● The Directorate General of Shipping (DGS) issued a
notification regarding the mandatory possession of
bio-metric seafarers’ identity documents (BSID).
Seafarers that are going to visit any port in Brazil
are required to possess BSID
● Environment, Health, & Safety Regulatory
Updates
There were 18 regulatory updates in this category.
● The Government of Rajasthan issued a notification
regarding the policy for empanelment of private
hospitals, diagnostic centres/imaging centres under
the Rajasthan Government Health Scheme. Several
new categories of speciality hospitals have been
added
10. ● The Ministry of Ports, Shipping, and Waterways (MoPSW) issued a
press release regarding the launch of ‘Harit Sagar’, the Green Port
Guidelines, 2023. The guidelines provide a framework for major ports
for drawing out a comprehensive action plan for achieving targeted
outcomes in terms of quantified reduction in carbon emission to
achieve sustainable development goals (SDGs)
● The Government of Goa issued a notification regarding Aadhaar
authentication for availing the benefits of the Nital Goem Nital Baim
Scheme. Individuals eligible for benefits under the scheme will be
required to furnish proof of possession of an Aadhaar number or
undergo the Aadhaar authentication process
● The Ministry of Fisheries, Animal Husbandry, and Dairying (MoFAHD)
published the minimum standard protocol for semen stations for the
prevention and control of contagious diseases through Semen Rules,
2023. These rules further amend the Prevention and Control of
Infectious and Contagious Diseases in Animals Act, 2009
