Change & Transition: Two Sides of the Same Coin
All-encompassing RPT’s
Arbitrability of IPR
Fight the disease….
not doctor(s)
Banking Amendment Bill 2024
Criminality of Cheque bounce
Climate change due to space activities
Related party transactions are the core of all body corporates.
Arbitration of IPR is gaining traction in India.
There is growing unrest and violence against healthcare professionals despite laws governing them.
Banking amendment Bill 2024 makes amendments to all major banking laws with the objective of making the banking system efficient.
The latest set of circulars and notifications brought out by the MCA, FEMA, SEBI & RBI.
Circulars
29th October 2024
Circular No. IBBI/LIQ/78/2024- Circular on Centralised Electronic Listing and Auction Platform for the Sale of Assets under Liquidation Process:
Notifications
Nil
Circulars
7th October 2024
Circular No.: SEBI/HO/CFD/PoD-1/P/CIR/2024/134– Timelines for disclosures by Social Enterprises on Social Stock Exchange (“SSE”):
8th October 2024
Circular No.: SEBI/HO/AFD/AFD-POD-1/P/CIR/2024/135– Specific due diligence of investors and investments of AIFs
10th October 2024
Extension of timeline for implementation of SEBI Circular SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2024/75 dated June 05, 2024:
10th October 2024
Circular No.: SEBI/HO/MRD/MRD-PoD-2/P/CIR/2024/137– Change in timing for securities payout in the Activity schedule for T+1 Rolling Settlement:
14th October 2024
Monitoring Shareholding of Market Infrastructure Institutions (MIIs): Circular No.: SEBI/HO/MRD/MRD-PoD-3/P/CIR/2024/139
15th October 2024
Circular No.: SEBI/HO/MRD/MRD-PoD-2/P/CIR/2024/140-Monitoring of position limits for equity derivative segment:
22nd October 2024
Circular No.: SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/144- Inclusion of Mutual Fund units in the SEBI (Prohibition of Insider Trading) Regulations, 2015:
22nd October 2024
Circular No.: SEBI/HO/MIRSD/ MIRSD-PoD-1/P/CIR/2024/143–Association of persons regulated by the Board and their agents with certain persons:
22nd October 2024
Circular No.: SEBI/HO/AFD/AFD-POD-3/P/CIR/2024/145- Modification in Annexure to Common Application Form (CAF):
24th October 2024
Circular No.: SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2024/146- Clarification with respect to advertisement code for Research Analysts (RAs):
25th October 2024
Circular No.: SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2024/148– Periodic Reporting format for Research Analysts and Proxy Advisers:
Notifications
Nil
Circulars
Nil
Notifications
9th October 2024
Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit:
10th October 2024
Submission of information to Credit Information Companies (CICs) by ARCs:
10th October 2024
Implementation of Credit Information Reporting Mechanism subsequent to cancellation of licence or Certificate of Registration:
18th October 2024
Reserve Bank of India (Access Criteria for NDS-OM) Directions, 2024:
28th October 2024
Directions for Central Counterparties (CCPs):
30th October 2024
Note Sorting Machines: Standards issued by the Bureau of Indian Standards:
Circulars
Nil
Notifications
3rd October 2024
G.S.R. 607(E)- The Investor Education and Protection Fund Authority (Form of Annual Statement of Accounts) Amendment Rules, 2024:
9th October 2024
G.S.R. 630(E)- The Companies (Adjudication of Penalties) Second Amendment Rules, 2024:
Notifications
1st October 2024
Notification No. 104/2024, F. No. 370142/16/2024-TPL:
Circulars
16th October 2024
Circular No. 12/2024: Guidance Note 1/2024 on provisions of the Direct Tax Vivad se Vishwas Scheme:
Notifications
8th October 2024
20/2024 – Central tax- Seeks to make amendments (Second Amendment 2024) to the CGST Rules, 2017:
8th October 2024
21/2024 – Central tax- Seeks to notify date under sub-section (1) of Section 128A of CGST Act:
8th October 2024
23/2024 – Central tax- Seeks to provide waiver of late fee for late filing of NIL FORM GSTR-7:
8th October 2024
24/2024 – Central tax- Seeks to amend Notification No. 5/2017-Central Tax dated 19.06.2017:
8th October 2024
25/2024 – Central tax- Seeks to amend Notification No. 50/2018-Central Tax dated 13.09.2018:
Circulars
11th October 2024
234/28/2024-GST- Clarifications regarding applicability of GST on certain services:
25th October 2024
Corrigendum to Circular No. 237/31/2024-GST dated 15th October, 2024:
15th October 2024
237/31/2024-GST- Clarifying the issues regarding implementation of provisions of sub-section (5) and sub-section (6) in section 16 of CGST Act,2017:
15th October 2024
238/32/2024-GST- Clarification of various doubts related to Section 128A of the CGST Act, 2017:
Notifications
A. Tariff
22nd October 2024
46/2024-Customs- Seeks to amend Export Duty on Certain Varieties of rice:
B. Non-Tariff
7th October 2024
65/2024-Customs (NT)- Appointment of Common Adjudicating Authority i.r.o M/s. Penta Gold Limited:
15th October 2024
66/2024-Customs (NT)- Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg:
18th October 2024
67/2024-Customs (NT)- “Notification of Yogayatan Port, Maharashtra as Customs Seaport” and it was issued under Section 7(1)(a) of Customs Act, 1962:
22nd October 2024
68/2024-Customs (NT)- Passenger Name Record Information (First Amendment) Regulations 2024:
23rd October 2024
69/2024-Customs (NT)- Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg:
23rd October 2024
70/2024-Customs (NT)- Notification under Section 28A of Customs Act, 1962 for Non-Levy of Customs Duty on the import of Simply Sawn Diamonds:
30th October 2024
73/2024-Customs (NT)- Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg:
30th October 2024
74/2024-Customs (NT)- Sea Cargo Manifest and Transhipment (Fourth Amendment) Regulations, 2024:
C. ANTI-DUMPING
21st October 2024
18/2024-Customs (ADD)- seeks to impose anti-dumping duty on imports of “Unframed glass mirror” falling under tariff item 7009 91 00 originating in or exported from China PR for a period of 5 years:
22nd October 2024
19/2024-Customs (ADD)- Seeks to impose ADD on Thermoplastic Polyurethane (TPU) imported from China PR for 5 years pursuant to final findings of DGTR:
22nd October 2024
20/2024-Customs (ADD)- Seeks to impose ADD on Cellophane Transparent Film imported from China PR for 5 years pursuant to final findings of DGTR:
22nd October 2024
21/2024-Customs (ADD)- Seeks to impose ADD on Sulphur Black imported from China PR for 5 years pursuant to final findings of DGTR:
22nd October 2024
22/2024-Customs (ADD)- Seeks to impose ADD on Isopropyl Alcohol imported from China PR for 5 years, pursuant to final findings of DGTR:
D. Circulars
30th October 2024
21/2024- Mandatory additional qualifiers in import/export declarations in respect of Synthetic or Reconstructed Diamonds w.e.f 01.12.2024 – reg:
Notifications
A. Tariff
24th October 2024
26/2024-Central Excise- Amendment in Fourth Schedule to Central Excise Act, 1944:
Circulars
Nil
A recent Madras HC verdict delved into the genus of cheque bounce
The Bharatiya Vayuyan Vidheyak 2024 is the latest proposed Aircraft Bill in keeping with the changing dynamic of air travel in India and across the world.
The United Nations Committee on the Peaceful Uses of Outer Space monitors the environmental challenges of space activities, particularly climate change due to space debris and rocket launches.
Up for a pillow fight? Beware! you could face assault charges in Germany
In Germany, a pillow is seen as a type of weapon that can be used in a fight. If someone uses a pillow in a physical altercation, they could face assault charges. This shows that Germany takes physical confrontations seriously and has strict rules about what can be considered a weapon.
Transition is the alter ego of change
Change is constant. How we respond to that change is transition. Transition is never easy, just like change.
Transitioning from school to college, adolescence to adulthood, education to career, jobs in career, coupling, uncoupling, raising a family, losing elders, empty nest syndrome, losing one’s own self… the list is as long as life is! One thing is certain -there is transition at every stage.
Any transition triggers a strong under-current of emotions – sense of uncertainty, unknown leading to fear of failure, apprehension to adapt to the new situation or circumstance. There is a constant tussle between choosing the safety of comfort zone vis a vis the spirit and adventure of something new. Humans tend to be overtly self-critical and expect to transition (internally) as fast as change (external). The process of transitioning can be made less challenging by being kind to oneself. It is important to time and space to emotionally accept the fact of change. Cultivating mindfulness can help put change into perspective. Loving family and friends can be the backbone and coping mechanism while transitioning in life. Perhaps the biggest coping mechanism – not to be hard on oneself.
Lao Tzu sums it up beautifully – “Life is a series of natural and spontaneous changes. Don’t resist them; that only creates sorrow. Let reality be reality. Let things flow naturally forward in whatever way they like.”
Worth a thought!