Statutory updates

notification no. 5/2024 specifying forms prescribed in appendix ii of the income tax rules 1962 to be furnished electronically under sub rule 1 and sub rule 2 of rule 131 of the income tax rules 1962

CCI Approval for Combination of Diliigent Power and DB Power

The Competition Commission of India approves the combination involving the merger of Diliigent Power into DB Power, share buyback by Decore Power, share purchase, and rights issue…

Tasmania Midco and Nevado Investments Combination Approval

The Competition Commission of India approves the combination involving Tasmania Midco, LLC, Nevado Investments Pte.

Ultapani Land Customs Route to Sarpang District Amendment

The Central Board of Indirect Taxes and Customs amends Notification No. 63/1994-Customs (N.T.) to update the land customs route for Ultapani on the land frontier of Bhutan.

Appointment of Adjudicating Authority for Mumbai Customs Zone-I

The Central Board of Indirect Taxes and Customs appoints the Commissioner of Customs (Adjudication), Mumbai Customs Zone-I to act as the Commissioner of Customs, Nhava Sheva-V…

Centralized Electronic Listing and Auction Platform for the Sale of Assets under Liquidation Process

The Insolvency and Bankruptcy Board of India (IBBI) has introduced the eBKray platform, managed by PSB Alliance Private Limited, as a centralized electronic listing and auction…

Clarifications in relation to Investment Restrictions on Retail Schemes set up in IFSCs

Fortis Healthcare Acquisition of Agilus Diagnostics Shares

The Competition Commission of India approves the acquisition of an additional equity share capital in Agilus Diagnostics Limited by Fortis Healthcare Limited.

Telecommunications Amateur Services Rules, 2024

The Telecommunications Amateur Services Rules, 2024, establish the regulatory framework for amateur radio stations in India, superseding the 1978 rules.

Telecommunications (Commercial Radio Operator Certificate of Proficiency to Operate Global Maritime Distress and Safety System) Rules, 2024

The Central Government has notified the Telecommunications (Commercial Radio Operator Certificate of Proficiency to Operate Global Maritime Distress and Safety System) Rules…

Alignment of RoDTEP Schedule with Customs Tariff Act

The Central Government amends Appendix 4R and Appendix 4RE to align the RoDTEP Schedule with the First Schedule of the Customs Tariff Act.

Measures to Curb Misuse of Headers and Content Templates

The Telecom Regulatory Authority of India (TRAI) has modified the implementation timeline for the traceability of commercial messages.

Modification of SION E-125 for export of Shea Stearine.

Extension of Income Tax Return Due Date for AY 2024-25

The Central Board of Direct Taxes extends the due date for furnishing the return of income for the Assessment Year 2024-25.

Corrigendum to Circular No. 237/31/2024-GST on Refunds

The Central Board of Indirect Taxes and Customs issues a corrigendum to Circular No. 237/31/2024-GST.

Direction on Timely Submission of Data for Quality of Service Audit

The Telecom Regulatory Authority of India (TRAI) has issued a direction to ensure the timely submission of data for the audit of Quality of Service (QoS) performance.

Food Safety and Standards (Food Products Standards and Food Additives) First Amendment Regulations, 2024 relating to Peanut butter, FRK, Oligofructose etc.

Rating of Properties for Digital Connectivity Regulations, 2024