PIB Updates

Ministry of Corporate Affairs revises threshold limits for value of Assets and Turnover for purposes of combination filings under Competition Act, 2002 as a step towards ‘Ease of doing Business’   The Ministry of Corporate Affairs has revised the existing threshold value of assets and turnover mentioned under Section 5 of the Competition Act, 2002 (the ‘Act’). Earlier, the threshold limits prescribed under Section 5 of the Act were revised in year 2011 vide notification S. O. No. 480 (E) dated 4th March 2011. Subsequently, the threshold limits were reviewed and revised in 2016 vide notification S. O. No. 675 (E) dated 4th March, 2016. The value of assets and turnover after revision is as under:     2016 (Existing Threshold) 2024 (Revised Threshold) #     Assets       OR Turnover Assets       OR Turnover Enterprise level India > 2000 INR Crore > 6000 INR Crore > 2500 INR Crore > 7500 INR Crore In India or Outside India   > USD 1 bn with at least     > 1000 INR Crore in India   > USD 3 bn with at least     > 3000 INR Crore in India > USD 1.25 bn with at least     > 1250 INR Crore in India > USD 3.75 bn with at least     > 3750 INR Crore in India OR           Group Level India > 8000 INR Crore > 24000 INR Crore > 10000 INR Crore > 30000 INR Crore In India or Outside India > USD 4 bn with at least   > 1000 INR Crore in India > USD 12 bn with at least   > 3000 INR Crore in India > USD 5 bn with at least   > 1250 INR Crore in India > USD 15 bn with at least   > 3750 INR Crore in India #: As per the revised threshold, the increase in value is 150% over the original value under section 5 of the Competition Act, 2002. In exercise of the powers conferred by clause (a) of section 54 of the Competition Act, 2002 (12 of 2003) it has also been decided with regards to de-minimis thresholds that the value of assets and turnover be enhanced from INR 350 crore (rupees three hundred fifty crore) to INR 450 crore (rupees four hundred fifty crore) for assets and from INR 1000 crore (rupees one thousand crore) to INR 1250 crore (rupees one thousand two hundred fifty crore) for turnover.   Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO Audit | ESG | BRSR | Private Security Agency | Udyam Registration | Trademark Registration | Copyright Registration | Patent Registration | Import Export Code | Forensic Accounting and Fraud Detection | Section 8 Company | Foreign Company | 80G and 12A Certificate | FCRA Registration |DGGI Cases | Scrutiny Cases | Income Escapement Cases | Search & Seizure | CIT Appeal | ITAT Appeal | Auditors | Internal Audit | Financial Audit | Process Audit | IEC Code | CA Certification | Income Tax Penalty Notice u/s 271(1)(c) | Income Tax Notice u/s 142(1) | Income Tax Notice u/s 144 |Income Tax Notice u/s 148 | Income Tax Demand Notice | Psara License | FCRA Online Company Registration Services in major cities of India Company Registration in Jaipur | Company Registration in Delhi | Company Registration in Pune | Company Registration in Hyderabad | Company Registration in Bangalore | Company Registration in Chennai | Company Registration in Kolkata | Company Registration in Mumbai | Company Registration in India | Company Registration in Gurgaon | Company Registration in Noida | Company Registration in lucknow Complete CA Services CA in Delhi | CA in Gurgaon | CA in Noida | CA in Jaipur | CA Firm in India RERA Services RERA Rajasthan | RERA Haryana | RERA Delhi | UP RERA Most read resources tnreginet |rajssp | jharsewa | picme | pmkisan | webland | bonafide certificate | rent agreement format | tax audit applicability | 7/12 online maharasthra | kerala psc registration | antyodaya saral portal | appointment letter format | 115bac | section 41 of income tax act | GST Search Taxpayer | 194h | section 185 of companies act 2013 | caro 2020 | Challan 280 | itr intimation password |  internal audit applicability |  preliminiary expenses |  mAadhar |  e shram card |  194r |  ec tamilnadu |  194a of income tax act |  80ddb |  aaple sarkar portal |  epf activation |  scrap business |  brsr |  section 135 of companies act 2013 |  depreciation on computer |  section 186 of companies act 2013 | 80ttb | section 115bab | section 115ba | section 148 of income tax act | 80dd | 44ae of Income tax act | west bengal land registration | 194o of income tax act | 270a of income tax act | 80ccc | traces portal | 92e of income tax act | 142(1) of Income Tax Act | 80c of Income Tax Act | Directorate general of GST Intelligence | form 16 | section 164 of companies act | section 194a | section 138 of companies act 2013 | section 133 of companies act 2013 | rtps | patta chitta

MCA invites public comments on Report of Committee on Digital Competition Law and Draft Bill on Digital Competition Law The Ministry of Corporate Affairs (MCA) had constituted Committee on Digital Competition Law (CDCL) on the recommendations of 53rd report of the Parliamentary Standing Committee on Finance on the subject titled ‘Anti- Competitive Practices by Big Tech Companies’ under the chairmanship of Secretary, MCA, to examine the need for a separate law on competition in digital markets. The Committee has submitted its report along with the Draft Bill on Digital Competition Law. The MCA is inviting public comments on the said report and the Draft Bill. The Report is placed under the section ‘Data & Reports [Reports>>>Library(Expert Committee Reports)]’ on the website of MCA and may be accessed at:  https://www.mca.gov.in/bin/dms/getdocument?mds=gzGtvSkE3zIVhAuBe2pbow%253D%253D&type=open Copy of the same may also be accessed on the website of MCA under ‘e-Consultation module’ and comments/suggestions, if any, may be submitted on this module upto 15.04.2024. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO Audit | ESG | BRSR | Private Security Agency | Udyam Registration | Trademark Registration | Copyright Registration | Patent Registration | Import Export Code | Forensic Accounting and Fraud Detection | Section 8 Company | Foreign Company | 80G and 12A Certificate | FCRA Registration |DGGI Cases | Scrutiny Cases | Income Escapement Cases | Search & Seizure | CIT Appeal | ITAT Appeal | Auditors | Internal Audit | Financial Audit | Process Audit | IEC Code | CA Certification | Income Tax Penalty Notice u/s 271(1)(c) | Income Tax Notice u/s 142(1) | Income Tax Notice u/s 144 |Income Tax Notice u/s 148 | Income Tax Demand Notice | Psara License | FCRA Online Company Registration Services in major cities of India Company Registration in Jaipur | Company Registration in Delhi | Company Registration in Pune | Company Registration in Hyderabad | Company Registration in Bangalore | Company Registration in Chennai | Company Registration in Kolkata | Company Registration in Mumbai | Company Registration in India | Company Registration in Gurgaon | Company Registration in Noida | Company Registration in lucknow Complete CA Services CA in Delhi | CA in Gurgaon | CA in Noida | CA in Jaipur | CA Firm in India RERA Services RERA Rajasthan | RERA Haryana | RERA Delhi | UP RERA Most read resources tnreginet |rajssp | jharsewa | picme | pmkisan | webland | bonafide certificate | rent agreement format | tax audit applicability | 7/12 online maharasthra | kerala psc registration | antyodaya saral portal | appointment letter format | 115bac | section 41 of income tax act | GST Search Taxpayer | 194h | section 185 of companies act 2013 | caro 2020 | Challan 280 | itr intimation password |  internal audit applicability |  preliminiary expenses |  mAadhar |  e shram card |  194r |  ec tamilnadu |  194a of income tax act |  80ddb |  aaple sarkar portal |  epf activation |  scrap business |  brsr |  section 135 of companies act 2013 |  depreciation on computer |  section 186 of companies act 2013 | 80ttb | section 115bab | section 115ba | section 148 of income tax act | 80dd | 44ae of Income tax act | west bengal land registration | 194o of income tax act | 270a of income tax act | 80ccc | traces portal | 92e of income tax act | 142(1) of Income Tax Act | 80c of Income Tax Act | Directorate general of GST Intelligence | form 16 | section 164 of companies act | section 194a | section 138 of companies act 2013 | section 133 of companies act 2013 | rtps | patta chitta

IEPFA invites comments from stakeholders to simplify, expedite and streamline claims settlement process The Investor Education and Protection Fund Authority (IEPFA) is reaching out to stakeholders for their valuable insights to simplify, expedite and streamline the claims settlement process. In line with its commitment to enhancing investor experience, IEPFA is soliciting comments from various stakeholders to reimagine the refund process under the Companies Act, 2013. The aim is to ensure a seamless and efficient mechanism for claim refunds from IEPF Authority. Stakeholders are encouraged to provide their feedback through the following channels: Utilising the eConsultation module accessible at the Ministry of Corporate Affairs (MCA) website www.mca.gov.in. Submitting suggestions via email to [email protected]. The deadline for submitting comments is 15th April, 2024. Stakeholders are requested to submit their feedback in the prescribed format, which includes the Para of Draft Rules, Comments, and Justification: https://www.mca.gov.in/bin/dms/getdocument?mds=i7TSThgz%252FIqmEYX2QHJsYQ%253D%253D&type=open. The Notice inviting comments and the Consultation paper along with the draft rules are available for reference on the official website of the Authority, www.iepf.gov.in. About IEPF Authority IEPF Authority was established under sub-section (5) of section 125 of Companies Act, 2013 with the objective of promoting Investor Education, Awareness and Protection and for administration of the IEPF fund. It has undertaken a wide gamut of activities to accelerate the pace of investor education among the masses at large. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO Audit | ESG | BRSR | Private Security Agency | Udyam Registration | Trademark Registration | Copyright Registration | Patent Registration | Import Export Code | Forensic Accounting and Fraud Detection | Section 8 Company | Foreign Company | 80G and 12A Certificate | FCRA Registration |DGGI Cases | Scrutiny Cases | Income Escapement Cases | Search & Seizure | CIT Appeal | ITAT Appeal | Auditors | Internal Audit | Financial Audit | Process Audit | IEC Code | CA Certification | Income Tax Penalty Notice u/s 271(1)(c) | Income Tax Notice u/s 142(1) | Income Tax Notice u/s 144 |Income Tax Notice u/s 148 | Income Tax Demand Notice | Psara License | FCRA Online Company Registration Services in major cities of India Company Registration in Jaipur | Company Registration in Delhi | Company Registration in Pune | Company Registration in Hyderabad | Company Registration in Bangalore | Company Registration in Chennai | Company Registration in Kolkata | Company Registration in Mumbai | Company Registration in India | Company Registration in Gurgaon | Company Registration in Noida | Company Registration in lucknow Complete CA Services CA in Delhi | CA in Gurgaon | CA in Noida | CA in Jaipur | CA Firm in India RERA Services RERA Rajasthan | RERA Haryana | RERA Delhi | UP RERA Most read resources tnreginet |rajssp | jharsewa | picme | pmkisan | webland | bonafide certificate | rent agreement format | tax audit applicability | 7/12 online maharasthra | kerala psc registration | antyodaya saral portal | appointment letter format | 115bac | section 41 of income tax act | GST Search Taxpayer | 194h | section 185 of companies act 2013 | caro 2020 | Challan 280 | itr intimation password |  internal audit applicability |  preliminiary expenses |  mAadhar |  e shram card |  194r |  ec tamilnadu |  194a of income tax act |  80ddb |  aaple sarkar portal |  epf activation |  scrap business |  brsr |  section 135 of companies act 2013 |  depreciation on computer |  section 186 of companies act 2013 | 80ttb | section 115bab | section 115ba | section 148 of income tax act | 80dd | 44ae of Income tax act | west bengal land registration | 194o of income tax act | 270a of income tax act | 80ccc | traces portal | 92e of income tax act | 142(1) of Income Tax Act | 80c of Income Tax Act | Directorate general of GST Intelligence | form 16 | section 164 of companies act | section 194a | section 138 of companies act 2013 | section 133 of companies act 2013 | rtps | patta chitta

Under the leadership of PM Shri Narendra Modi, with the support of the government system, the cooperative movement will progress rapidly and earn respect in the country’s economy The Modi government is making efforts to transform the cooperative movement into a people’s movement The spirit of “Cooperation among Cooperatives” will strengthen the cooperative movement The goal should be to establish Urban Cooperative Banks in every city – Shri Amit Shah With the formation of the umbrella organization, NUCFDC, the development of Urban Cooperative Banks in the country will increase manifold NUCFDC serves as a gateway for resolving the issues of Urban Cooperative Banks The path to progress in the lives of the common people lies only through Urban Cooperative Banks NUCFDC is a security shield for small banks, enhancing depositors’ confidence and ensuring further progress in work in the coming days NUCFDC will not only be a support during the crisis of banks but also a means to enhance their development, modernization, and capacity The Union Home Minister and Minister of Cooperation, Shri Amit Shah inaugurated the umbrella organization for Urban Cooperative Banks (UCBs), the National Urban Cooperative Finance and Development Corporation Limited (NUCFDC), in New Delhi today. Union Minister of State for Cooperatives B.L. Verma and the Secretary of the Ministry of Cooperation, Dr. Ashish Kumar Bhutani along with other dignitaries, were present on the occasion. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO Audit | ESG | BRSR | Private Security Agency | Udyam Registration | Trademark Registration | Copyright Registration | Patent Registration | Import Export Code | Forensic Accounting and Fraud Detection | Section 8 Company | Foreign Company | 80G and 12A Certificate | FCRA Registration |DGGI Cases | Scrutiny Cases | Income Escapement Cases | Search & Seizure | CIT Appeal | ITAT Appeal | Auditors | Internal Audit | Financial Audit | Process Audit | IEC Code | CA Certification | Income Tax Penalty Notice u/s 271(1)(c) | Income Tax Notice u/s 142(1) | Income Tax Notice u/s 144 |Income Tax Notice u/s 148 | Income Tax Demand Notice | Psara License | FCRA Online Company Registration Services in major cities of India Company Registration in Jaipur | Company Registration in Delhi | Company Registration in Pune | Company Registration in Hyderabad | Company Registration in Bangalore | Company Registration in Chennai | Company Registration in Kolkata | Company Registration in Mumbai | Company Registration in India | Company Registration in Gurgaon | Company Registration in Noida | Company Registration in lucknow Complete CA Services CA in Delhi | CA in Gurgaon | CA in Noida | CA in Jaipur | CA Firm in India RERA Services RERA Rajasthan | RERA Haryana | RERA Delhi | UP RERA Most read resources tnreginet |rajssp | jharsewa | picme | pmkisan | webland | bonafide certificate | rent agreement format | tax audit applicability | 7/12 online maharasthra | kerala psc registration | antyodaya saral portal | appointment letter format | 115bac | section 41 of income tax act | GST Search Taxpayer | 194h | section 185 of companies act 2013 | caro 2020 | Challan 280 | itr intimation password |  internal audit applicability |  preliminiary expenses |  mAadhar |  e shram card |  194r |  ec tamilnadu |  194a of income tax act |  80ddb |  aaple sarkar portal |  epf activation |  scrap business |  brsr |  section 135 of companies act 2013 |  depreciation on computer |  section 186 of companies act 2013 | 80ttb | section 115bab | section 115ba | section 148 of income tax act | 80dd | 44ae of Income tax act | west bengal land registration | 194o of income tax act | 270a of income tax act | 80ccc | traces portal | 92e of income tax act | 142(1) of Income Tax Act | 80c of Income Tax Act | Directorate general of GST Intelligence | form 16 | section 164 of companies act | section 194a | section 138 of companies act 2013 | section 133 of companies act 2013 | rtps | patta chitta

To fulfill Prime Minister Shri Narendra Modi’s vision of “Sahakar se Samriddhi”, it is another important initiative of the Ministry of Cooperation Collaborating with State Governments, National Federations and stakeholders, a National Cooperative Database has been developed to foster a cooperative-centric economic model National Cooperative Database serves as a crucial tool for efficient communication between the Central Ministry, States/UTs, and Cooperative Societies, benefiting all stakeholders in the cooperative sector The launch of the National Cooperative Database (NCD) will be a milestone in the cooperative sector Union Home Minister and Minister of Cooperation, Shri Amit Shah will launch the National Cooperative Database on Friday, the 8th March 2024, at New Delhi. Minister of Cooperation will also release the ‘National Cooperative Database 2023: A Report’. To fulfill Prime Minister Shri Narendra Modi’s vision of “Sahakar se Samriddhi”, it is another important initiative of the Ministry of Cooperation. Under this initiative, the Ministry of Cooperation has recognized the imperative need for a robust database to capture vital information about India’s vast cooperative sector. Collaborating with State Governments, National Federations, and stakeholders, a National Cooperative Database has been developed to foster a cooperative-centric economic model. Around 1400 participants including Secretaries and other senior officers of Central Ministries/Departments, Additional Chief Secretaries/Principal Secretaries of Cooperation from States/UTs, RCS, Cooperative Societies, and Cooperative Federations/Unions across the country will attend the event. A technical workshop will be organized in the forenoon session to brief and enlighten the participants about the use and application of the National Cooperative Database (NCD) and its potential to improve the cooperative landscape in India. The data of cooperatives was collected on the National Cooperative Database in a phased manner from the various stakeholders. In the first phase, mapping of about 2.64 lakh primary cooperative societies of three sectors i.e. Primary Agriculture Credit Societies (PACS), Dairy and Fisheries was completed. In the second phase, data of various National Federations, State Federations, State cooperative banks (StCB), District Central Cooperative Banks (DCCBs), Urban Cooperative Banks (UCBs), State Cooperative Agriculture and Rural Development Bank (SCARDB), Primary Cooperative Agriculture and Rural Development Bank (PCARDB), Sugar Cooperative Mills, District Unions and Multi State Cooperative Societies (MSCS) were collected/mapped. In the third phase, data of more than 5.3 lakh primary cooperative societies was mapped from all the remaining other sectors through the office of State/UTs RCS/DRCS offices. National Cooperative Database is a web-based digital dashboard wherein data of cooperative societies including National/State Federations have been captured. The data of cooperative societies have been entered and validated by States/ UTs nodal officials at RCS/ DRCS offices and data of federations have been provided by various national/state federations. The National Database has collected/mapped information of about 8 lakh cooperatives with collective membership of more than 29 crores spread across various sectors in the country. The information collected from cooperative societies are on various parameters such as their registered name, date, location, number of members, sectoral information, area of operation, economic activities, financial statements, status of audit etc.  National Cooperative Database serves as a crucial tool for efficient communication between the Central Ministry, States/UTs, and Cooperative Societies, benefiting all stakeholders in the cooperative sector. Database provides comprehensive contact details for registered societies, facilitating smooth communication between government entities and these societies. National Cooperative Database offers a myriad of benefits that contribute to the efficiency and effectiveness of the cooperative sector like single point access, comprehensive and updated data, user-friendly interface, vertical and horizontal linkages, query-based reports and graphs, Management Information System (MIS) reports, data analytics and Geographical Mapping. The success of this initiative relies on effective collaboration, accurate data collection, and strategic utilization of the database to identify the sectoral gaps and accordingly make suitable policy and informed decision making for filling the vacuum. Overall, Database promotes transparency and collaboration within the cooperative sector. The launch of the National Cooperative Database will be a milestone in the cooperative sector. The growth of cooperatives in rural areas holds the promise of addressing economic, social, and community challenges, empowering individuals, alleviating poverty, and contributing to the overall well-being of rural communities. This initiative signifies a positive transformation at the grassroots level, aligning with the vision of a prosperous and ‘AtmaNirbhar Bharat.

It is nature of Prime Minister Shri Narendra Modi to take brave decisions and take them to conclusion All information pertaining to Cooperative sector will now be available with just a click Database will ensure expansion, development and delivery in cooperative sector National Database will give direction to development of Cooperative sector like a Compass National database will identify gaps as to where we have lesser number of Cooperatives and will help in expansion of Cooperative sector Cooperative database will act as an invaluable resource for policymakers, researchers and stakeholders This database is the answer to all activities of cooperative sector and has been prepared using latest technology Through database portal, small cooperative societies will get guidance for their expansion Database has potential to connect PACS with Apex, Mandi with global market and state with international database Union Home Minister and Minister of Cooperation, Shri Amit Shah, inaugurated the National Cooperative Database and released the ‘National Cooperative Database 2023: A Report’ in New Delhi. Union Minister of State for Cooperatives, Shri B.L. Verma and Secretary, Ministry of Cooperation, Dr. Ashish Kumar Bhutani, along with many dignitaries, were present on the occasion.

This is another significant initiative of Ministry of Cooperation to achieve Prime Minister, Shri Narendra Modi’s vision of “Sahakar se Samriddhi” Inauguration of a separate office building for BBSSL, NCOL and NCEL will prove to be a milestone in the Cooperation sector across the country All three Multistate Cooperative Societies will ensure upliftment of the people associated with agriculture & related activities These 3 societies will procure agri products and seeds from farmers through PACS, this will strengthen PACSs and farmers will get maximum value for their produce The Union Home Minister and Minister of Cooperation, Shri Amit Shah will inaugurate the new office building for the three Multi State Cooperative Societies – Bhartiya Beej Sahakari Samiti Limited (BBSSL), National Cooperative Organics Limited (NCOL) and National Cooperative Export Limited (NCEL) on Wednesday, 13th March, 2024 at World trade Centre, Naoroji Nagar, New Delhi. Inauguration of a separate office building for BBSSL, NCOL and NCEL is another significant initiative of Ministry of Cooperation to achieve Prime Minister, Shri Narendra Modi’s vision of “Sahakar se Samriddhi”. Since a long time, requirement was being felt for a separate office building for three societies, and, now these societies will be able to work seamlessly. The Government, under the leadership of Prime Minister Shri Narendra Modi, approved setting up of three national level Multi-state Cooperative Societies, for exports, organic produce and seeds and these societies have been registered under MSCS Act, 2002. The Cooperative Societies of all levels, who are interested in activities specified for each of the three societies are eligible to become members, i.e., from ‘PACS to APACS level’. NCEL: It has been formed with a mandate to promote exports from the cooperative sector. The Notable member promoters of NCEL includes esteemed organizations such as the Gujarat Cooperative Milk Marketing Federation Limited (GCMMF), Indian Farmers Fertilizer Cooperative Limited (IFFCO), Krishak Bharati Cooperative Limited (KRIBHCO), National Agricultural Cooperative Marketing Federation of India Limited (NAFED), and the National Cooperative Development Corporation (NCDC). The NCEL will undertake direct export of goods and services of cooperatives and related entities and all related promotion activities. It will increase linkages of goods and services amongst the cooperatives at various levels, resulting in generation of more employment in the sector. The NCEL will help in increasing export of surplus goods & services produced in the cooperative sector thereby promoting “Make in India” and leading to creation of an Atmanirbhar Bharat. NCOL: It has been formed to realize the potential of organic products and create a healthy agriculture ecosystem. It acts as an umbrella organization for aggregation, procurement, certification, testing, branding and marketing of organic products of the cooperative sector. NCOL is promoted by five national level cooperative federations viz. National Agricultural Cooperative Marketing Federation of India Limited (NAFED), National Dairy Development Board (NDDB), National Cooperative Development Corporation (NCDC), Gujarat Cooperative Milk Marketing Federation Limited (GCMMF) and National Cooperative Consumers Federation of India Limited (NCCF). NCOL will help in the increase of production of organic products and it will also provide support in marketing of authentic and certified organic products by the cooperatives and related entities at various levels. BBSSL: It deals with the advanced and traditional seed research and production and is responsible for their processing and marketing through the cooperative sector. It is promoted by the Indian Farmers Fertilizer Cooperative Limited (IFFCO), Krishak Bharati Co-operative Limited (KRIBHCO), and the National Agricultural Cooperative Marketing Federation of India Limited (NAFED), the National Dairy Development Board (NDDB) and the National Co-operative Development Corporation (NCDC). The BBSSL aims at increasing the production of quality seeds in India, at par with the global standards through cooperatives, and thereby reducing the dependence on imported seeds, enhancing agriculture production, and providing a boost to the rural economy by increased income for seed producing farmers. All the three societies will ensure the upliftment of the people associated with agriculture and related activities and will procure the agricultural produce and seeds from the farmers via PACS. This would further lead to the strengthening of PACS as the farmers associated with them will get maximum value for their produce. The Societies will be working with an objective of ensuring that profits on the net surplus goes directly to the farmers’ accounts thereby preventing leakages in the process. The inauguration of a separate office building for BBSSL, NCOL and NCEL will prove to be a milestone in the Cooperative sector of the country. It will ensure smooth functioning of all the three societies to secure consistent income for the farmers, which will help in realising the Prime Minister Shri Narendra Modi Ji’s vision of “Sahakar se Samriddhi”. The event will be attended by the Secretaries and other senior officers of the related Central Ministries/Departments, Officials from all the three newly formed organizations (BBSSL, NCOL, NCEL), officials from related organizations such as Agricultural and Processed Food Products Export Development Authority (APEDA) and Food Safety and Standards Authority of India (FSSAI), officials of Foreign Embassies in India, officials of the Promoters of the three societies and officials and delegates from the National Cooperative Federations across the country will attend the event.

The resolution of farmers’ issues will be addressed through BBSSL, NCOL, and NCEL Through these three societies, organic products, seed conservation and enhancement, and exports will increase Organic products are essential for the prosperity of farmers, land, water conservation, and health The society formed for exports will boost the export of agricultural products and resulting profit will be directly deposited into the bank accounts of farmers The number of farmers adopting organic farming has increased sevenfold in the last 3 years In the next 5 years, arrangements for testing organic land and products will be made in every district of the country The target for Bharatiya Beej Sahakari Samiti Ltd. is a turnover of 10,000 crore rupees in 5 years Aim is to increase India’s organic export from 7,000 crore rupees to 70,000 crore rupees Under the leadership of PM Modi, the goal is to increase India’s share in global agricultural produce market from 45 billion dollars to 115 billion dollars by 2030 Union Home Minister and Minister of Cooperation, Shri Amit Shah today inaugurated the new office building of three multi-state cooperative societies – Bharatiya Beej Sahakari Samiti Limited (BBSSL), National Cooperative Organics Limited (NCOL), and National Cooperative Export Limited (NCEL) in New Delhi. On this occasion, Union Minister of State for Cooperation, Shri B.L. Verma and Dr. Ashish Kumar Bhutani, Secretary, Ministry of Cooperation, along with the Chairpersons and Managing Directors of NCEL, NCOL, and BBSSL and several dignitaries were present. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO Audit | ESG | BRSR | Private Security Agency | Udyam Registration | Trademark Registration | Copyright Registration | Patent Registration | Import Export Code | Forensic Accounting and Fraud Detection | Section 8 Company | Foreign Company | 80G and 12A Certificate | FCRA Registration |DGGI Cases | Scrutiny Cases | Income Escapement Cases | Search & Seizure | CIT Appeal | ITAT Appeal | Auditors | Internal Audit | Financial Audit | Process Audit | IEC Code | CA Certification | Income Tax Penalty Notice u/s 271(1)(c) | Income Tax Notice u/s 142(1) | Income Tax Notice u/s 144 |Income Tax Notice u/s 148 | Income Tax Demand Notice | Psara License | FCRA Online Company Registration Services in major cities of India Company Registration in Jaipur | Company Registration in Delhi | Company Registration in Pune | Company Registration in Hyderabad | Company Registration in Bangalore | Company Registration in Chennai | Company Registration in Kolkata | Company Registration in Mumbai | Company Registration in India | Company Registration in Gurgaon | Company Registration in Noida | Company Registration in lucknow Complete CA Services CA in Delhi | CA in Gurgaon | CA in Noida | CA in Jaipur | CA Firm in India RERA Services RERA Rajasthan | RERA Haryana | RERA Delhi | UP RERA Most read resources tnreginet |rajssp | jharsewa | picme | pmkisan | webland | bonafide certificate | rent agreement format | tax audit applicability | 7/12 online maharasthra | kerala psc registration | antyodaya saral portal | appointment letter format | 115bac | section 41 of income tax act | GST Search Taxpayer | 194h | section 185 of companies act 2013 | caro 2020 | Challan 280 | itr intimation password |  internal audit applicability |  preliminiary expenses |  mAadhar |  e shram card |  194r |  ec tamilnadu |  194a of income tax act |  80ddb |  aaple sarkar portal |  epf activation |  scrap business |  brsr |  section 135 of companies act 2013 |  depreciation on computer |  section 186 of companies act 2013 | 80ttb | section 115bab | section 115ba | section 148 of income tax act | 80dd | 44ae of Income tax act | west bengal land registration | 194o of income tax act | 270a of income tax act | 80ccc | traces portal | 92e of income tax act | 142(1) of Income Tax Act | 80c of Income Tax Act | Directorate general of GST Intelligence | form 16 | section 164 of companies act | section 194a | section 138 of companies act 2013 | section 133 of companies act 2013 | rtps | patta chitta

Aims at simplifying the experimental licence requirements of the 100 5G Lab institutions Online module available on National Single Window System, simplifying application process by pre-filling technical specifications and schematic details Licence available through “Self-declaration Mode” and can be downloaded instantaneously In a move to smoothen the processes for 100 5G Labs across academic institutions in India, Secretary (Telecom), Dr Neeraj Mittal, virtually launched one of the “Experimental Licence module for 100 5G Labs” during a 5G workshop at IIT Madras. This initiative aims to simplify the experimental licence requirements for these institutions, facilitating smoother operations and fostering innovation in the 5G domain. Department of Telecommunications (DoT) has awarded ‘100 5G Use Case Labs’ to educational institutions across the country. The primary objective behind this initiative is to cultivate competencies and engagement in 5G technologies among students and start-up communities. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO Audit | ESG | BRSR | Private Security Agency | Udyam Registration | Trademark Registration | Copyright Registration | Patent Registration | Import Export Code | Forensic Accounting and Fraud Detection | Section 8 Company | Foreign Company | 80G and 12A Certificate | FCRA Registration |DGGI Cases | Scrutiny Cases | Income Escapement Cases | Search & Seizure | CIT Appeal | ITAT Appeal | Auditors | Internal Audit | Financial Audit | Process Audit | IEC Code | CA Certification | Income Tax Penalty Notice u/s 271(1)(c) | Income Tax Notice u/s 142(1) | Income Tax Notice u/s 144 |Income Tax Notice u/s 148 | Income Tax Demand Notice | Psara License | FCRA Online Company Registration Services in major cities of India Company Registration in Jaipur | Company Registration in Delhi | Company Registration in Pune | Company Registration in Hyderabad | Company Registration in Bangalore | Company Registration in Chennai | Company Registration in Kolkata | Company Registration in Mumbai | Company Registration in India | Company Registration in Gurgaon | Company Registration in Noida | Company Registration in lucknow Complete CA Services CA in Delhi | CA in Gurgaon | CA in Noida | CA in Jaipur | CA Firm in India RERA Services RERA Rajasthan | RERA Haryana | RERA Delhi | UP RERA Most read resources tnreginet |rajssp | jharsewa | picme | pmkisan | webland | bonafide certificate | rent agreement format | tax audit applicability | 7/12 online maharasthra | kerala psc registration | antyodaya saral portal | appointment letter format | 115bac | section 41 of income tax act | GST Search Taxpayer | 194h | section 185 of companies act 2013 | caro 2020 | Challan 280 | itr intimation password |  internal audit applicability |  preliminiary expenses |  mAadhar |  e shram card |  194r |  ec tamilnadu |  194a of income tax act |  80ddb |  aaple sarkar portal |  epf activation |  scrap business |  brsr |  section 135 of companies act 2013 |  depreciation on computer |  section 186 of companies act 2013 | 80ttb | section 115bab | section 115ba | section 148 of income tax act | 80dd | 44ae of Income tax act | west bengal land registration | 194o of income tax act | 270a of income tax act | 80ccc | traces portal | 92e of income tax act | 142(1) of Income Tax Act | 80c of Income Tax Act | Directorate general of GST Intelligence | form 16 | section 164 of companies act | section 194a | section 138 of companies act 2013 | section 133 of companies act 2013 | rtps | patta chitta

Telecom Regulatory Authority of India (TRAI) today released its recommendations on “Encouraging Innovative Technologies, Services, Use Cases, and Business Models through Regulatory Sandbox in Digital Communication Sector”.  In view of new technological developments in 5G/6G, Machine to Machine Communications, Artificial Intelligence, the Internet of Things, Virtual Reality, and others, there is a need to provide an environment in which new technologies, services, use cases and business models can be tested in live networks, or existing functions or processes can be refined. To address this pressing need, the Department of Telecommunications wrote to the Telecom Regulatory Authority of India on March 10, 2023, requesting, TRAI’s recommendations regarding a regulatory sandbox framework for new services, technologies, and business models in the digital communication industry.  In consideration of the DoT reference, the TRAI published a Consultation Paper (CP) on June 19, 2023, inviting feedback from stakeholders.   Regulatory Sandbox (RS) makes real-time but regulated access to telecom network and customer resources, something that is not possible in conventional methods of lab testing or pilots. Specific and generic exemptions in regulations, valid only for RS testing, are granted for testing of new ideas.  Regulatory bodies in many countries have established such sandbox frameworks. Providing such a framework for live testing in India will encourage more entrepreneurs to develop solutions for the digital communication industry of the country as well as the world.  Subsequently, the Central Government inter-alia made following provisions in the Telecommunication Act’ 2023 notified on December 24, 2023: “The Central Government may, for the purposes of encouraging and facilitating innovation and technological development in telecommunication, create one or more regulatory sandboxes, in such manner, and for such duration, as may be prescribed. Explanation. — For the purposes of this section, the expression “regulatory sandbox” refers to a live testing environment where new products, services, processes, and business models which may be deployed, on a limited set of users, for a specified period of time, with certain relaxations from the provisions of this Act.” The DoT has also issued guidelines on 11.03.2024 to establish and operate ‘Spectrum Regulatory Sandbox’ (SRS) or ‘WiTe Zones (Wireless Test Zones)’ to promote R&D activities, outdoor testing/experimentation in the field of emerging new radio communications technologies. However, these guidelines do not provide for any connectivity with PSTN/Public commercial network/satellite, for the purpose of testing/Research & Development (R&D) i.e., testing in WiTe Zones does not allow exposure of products to live network environments. Beyond offline/laboratory/WiTe Zone testing, there will be a requirement for testing the products in actual live network environments. Also, apart from exemptions that are related to spectrum, some products may require other types of regulatory relaxations for testing in live network requirements.  Based on the reference received from DoT, stakeholder feedback, and in line with the definition of Regulatory Sandbox as provided in the Telecommunication Act’ 2023, which emphasize on testing of new products, services, processes, and business models in live testing environment on a limited set of users for a specified period of time after obtaining certain regulatory relaxations, the Authority has finalized its recommendations.  The recommendations outline all the relevant components in detail and offer a comprehensive framework for conducting Sandbox testing for the Digital Communication sector. As part of the recommendations, the Authority has outlined the objective and boundaries of the RS framework.  The recommended RS framework for Digital Communication sector details the qualification to take part in the RS testing, essential requirements that participants must meet, supporting paperwork needed to demonstrate eligibility, the application, evaluation & approval procedure, the authority to waive or amend rules, validity period, procedures for authorization revocation, and the reporting requirements.  Indian companies or partnership firms, limited liability partnerships or a research institute who have done limited prior testing of their products/services/applications and meet all conditions mentioned in the framework can apply for regulatory sandbox testing.  As the RS testing will be carried out in live networks on certain set of users, the framework has kept the security of networks and protection of customers in mind. Accordingly, it has been provided in the RS framework that the applicants will have to, inter-alia, provide details of regulatory exemptions sought, risk mitigation safeguards proposed, consumer protection mechanism suggested, and a well-defined exit strategy as part of their application. To ensure accountability on part of Government agencies involved, strict timelines have been provided for completing the application evaluation process.  The regulatory framework includes clear documentation requirements and application, evaluation & approval procedures to ensure transparency throughout the RS process.  Additionally, a detailed reporting mechanism has been defined to monitor the progress and outcomes of regulatory sandbox testing effectively. The framework provides that permission granted under the RS will have a validity period of up to 12 months for testing its product. However, provisions have been incorporated for extending the validity period or to early close/terminate the testing, if so required. An overseeing body has been proposed to monitor and evaluate regulatory sandbox testing so as to keep it on track and take necessary corrective measures, if required.  The Telecommunication Act’ 2023 has already extended the scope of Digital Bharat Nidhi to facilitate innovation and experimentation in the telecom sector by extending suitable financial support. As part of the regulatory sandbox framework, the authority has recognized that some of the innovations can have potential to bridge the digital divide and bring socio-economic advancement to under privileged sections of the society, if deployed on wider scale.  However, despite being very promising, such innovation may lack adequate funding support and, therefore, the authority has recommended that such deserving innovations may be considered to get funding support for testing under RS Framework under Clause 25 (b), (c) and (d) of the Telecommunication Act’ 2023.  The recommended Regulatory Sandbox framework is expected to give the Digital Communication industry’s startup ecosystem access to real network environments and other data of telecom network to help test the reliability of new applications before bringing them to market. The framework provides for using cross-sector cooperation in carrying out RS testing