Guidance for Issuing NOC to Manufacture New Drugs for Export

Manufacturers licensed under Form 25, 28, or 28-D (including loan licences) can apply to the CDSCO Zonal Offices for a No Objection Certificate (NOC) to manufacture unapproved or approved new drugs solely for export purposes. This guidance ensures standardisation and traceability, in line with Rule 94 of the Drugs and Cosmetics Act and MoHFW guidelines.

Mandatory registration of partnership deeds and LLP deeds

Rajasthan RERA has issued a clarification regarding the requirement under Regulation 3(4) of the RERA Regulations, 2024, which mandates the registration of partnership and LLP deeds. It is now clarified that this requirement is applicable only to deeds executed on or after March 14, 2024, which is the date of notification in the official gazette. This also includes any subsequent documents modifying the deed or LLP agreement, such as supplementary deeds or amendments. The regulation does not apply retrospectively, meaning that any deeds or related documents created before this date will not be required to undergo registration under the said provision, and such older documents shall remain unaffected by this requirement.

FSSAI Mandates Scrutiny of Annual Returns Filed on FoSCoS

To enhance data credibility and strengthen enforcement, FSSAI has directed all Licensing Authorities to scrutinise the Annual Returns submitted by Food Business Operators (FBOs) through the FoSCoS portal. Online submission was mandated from FY 2020–21, which has significantly improved compliance. These returns include critical information like production and compliance data. If discrepancies or false declarations are found, enforcement actions will be taken under applicable provisions of the FSS Act, 2006.

Final Set of 38 Company Forms Now Live on MCA V3 Portal

The Ministry of Corporate Affairs (MCA) has made the final batch of 38 company-related forms available on its new V3 portal. This set includes important forms like 13 for annual filings and 6 for audit and cost audit, which companies need to submit every year.

Relief to Deductors from Higher TDS/TCS Due to Inoperative PAN

CBDT’s Circular No. 3/2023 had stated that Permanent Account Numbers (PANs) not linked with Aadhaar would become inoperative from July 1, 2023, attracting higher TDS/TCS rates under sections 206AA/206CC. Circular No. 6/2024 provided temporary relief to deductors/collectors if PANs were made operative by May 31, 2024.

Annual FLA Census Return Due Date Extended to July 31, 2025

Entities in India that have received foreign direct investment (FDI) and/or made overseas direct investments (ODI) during any previous year(s), including the latest financial year, are required to submit the Foreign Liabilities and Assets (FLA) Return annually through the RBI’s FLAIR system. This filing enables the Reserve Bank of India to monitor cross-border investment flows and compile data on the country’s external sector.

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