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Newsletter

Stay informed and up-to-date with the latest news and insights related to compliance

ricago Newsletter March Edition - 2025

Judicial Insight

SUPREME COURT OF INDIA RULES ON U.P. POWER CORPORATION LTD. & ANR. V. SATYA RAM & ANR. (2025) CASE

U.P. Power Corporation Ltd. & Anr. v. Satya Ram & Anr. (2025)

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Corporate Laws

RELAXATION IN REPORTING TIMELINE FOR AIFS

All Alternative Investment Funds (AIFs) registered under SEBI (AIF) Regulations, 2012

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Industry Specific Laws

LAUNCHING OF REGISTRATION OF CLINICAL RESEARCH ORGANISATION (CRO) APPLICATIONS THROUGH SUGAM PORTAL

All Clinical Research Organisations (CROs) applying for registration or renewal with the Central Drugs Standard Control Organisation (CDSCO) via the SUGAM Portal

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Tax Laws

CBDT CIRCULAR NO. 3/2025: GUIDELINES FOR TDS ON SALARIES (FY 2024-25)

Applicable to all persons responsible for paying salary income and required to deduct income tax at the source under Section 192 of the Income-tax Act, 1961.

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Corporate Laws

INDUSTRY STANDARDS ON KEY PERFORMANCE INDICATORS (KPIS) DISCLOSURES IN OFFER DOCUMENTS

The Securities and Exchange Board of India (SEBI) has introduced a new circular to enhance transparency and standardization in the disclosure of Key Performance Indicators (KPIs) in draft offer documents and offer documents.

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Corporate Laws

CIRCULAR FOR REVISED TIMELINES FOR ISSUANCE OF CONSOLIDATED ACCOUNT STATEMENT (CAS) BY DEPOSITORIES

SEBI’s Master Circular for Depositories (December 3, 2024) outlines guidelines for issuing Consolidated Account Statements (CAS). CAS consolidates securities holdings across demat and mutual fund accounts.

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Judicial Insight

SUPREME COURT OF INDIA SAFEGUARDS MICRO ENTERPRISES IN GOVERNMENT PROCUREMENT

The dispute revolves around the impact of government procurement policies on Micro and Small Enterprises (MSEs)

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Corporate Laws

ADVISORY ON INTRODUCTION OF FORM ENR-03 FOR ENROLMENT OF UNREGISTERED DEALERS/ PERSONS IN E-WAY BILL PORTAL FOR GENERATING E-WAY BILL

A new feature has been introduced in the E-Way Bill (EWB) system, effective from February 11, 2025, allowing unregistered dealers to enroll and generate e-Way Bills. This update is in accordance with Notification No. 12/2024 dated July 10, 2024, and aims to facilitate seamless compliance for businesses engaged in goods transportation without a GST registration.

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