Beijing, Sep 21 (PTI) Top officials from the US and China held "candid, in-depth and constructive" talks on economic and trade issues, including on AI, ahead of Chinese President Xi Jinping's visit to Washington, official media reported on Monday. The talks were held between Chinese Vice Premier He Lifeng, US Treasury Secretary Scott Bessent and American Trade Representative Jamieson Greer in New York on Sunday, China’s state-run Xinhua news agency reported. Guided by the important consens... ... ...

CHAPTER IV SECURITY AND AUDIT 10. The Authority shall take adequate measures to secure the functioning of the website against all types of cyber security threats or any other threats including natural disasters, and shall take immediate measures for its restoration and recovery, in case of such an eventuality. =============... ... ...

9. (1) The content of the website may be organized in such a manner so that user may be able to track all the relevant information easily, including the archived information. (2) Expired or outdated content may be removed, and other content suitably archived, based on their nature and relevance, so as to ensure that content on the website is always authentic, accurate and up-to-date. =============... ... ...

CHAPTER III CONTENT ON WEBSITE 8. The website may, inter-alia, display the following: (a) Objectives, Functions and Composition of the Authority; (b) Rules, Regulations, Notifications, Circulars, Guidelines etc. issued by the Authority from time to time; (c) Consultation papers issued by the Authority seeking public/ stakeholders‟ comments; (d) Reports and Publications of the Authority; (e) News and Press Releases generated by the Authorit... ... ...

7. The Authority may revamp and restructure the website or migrate the solution to another domain/ host to improve the quality of the website, in line with emerging technologies and international best practices. =============... ... ...

6. The hosting service provider for the website shall be chosen, inter-alia, keeping in mind the requirements of high-speed networking, storage and security infrastructure. =============... ... ...

5. The website shall be registered under 'gov.in' or 'nic.in' domain, in accordance with the extant guidelines of the Government of India and/or relevant agencies. =============... ... ...

4. The website shall be designed, developed, and maintained in accordance with and in the manner prescribed under extant guidelines of the Government of India and/or relevant agencies. =============... ... ...

CHAPTER II MAINTENANCE OF WEBSITE 3. The Authority shall design, develop, and maintain a website, in accordance with and in the manner specified in these regulations, for the purpose of disseminating the relevant information to the public. =============... ... ...

2. (1) In these regulations, unless the context otherwise requires, the terms defined herein shall bear the meanings assigned to them below, and their cognate expressions shall be construed accordingly: (a) "Act" means the International Financial Services Centres Authority Act, 2019 (No. 50 of 2019); (b) "Authority" means the International Financial Services Centres Authority established under Section 4(1) of the Act; (c) "CERT-In" refers to the Indian Computer Eme... ... ...

INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 25th November, 2022 International Financial Services Centres Authority (Maintenance of Website) Regulations, 2022 IFSCA/2022-23/GN/REG021. - In exercise of the powers conferred under Section 28(1) of the International Financial Services Centres Authority Act, 2019, the International Financial Services Centres Authority hereby notifies the following regulations for maintenance of its website, namely: - ... ... ...

18. (1) In order to remove any difficulty in the application or interpretations of the provisions of these regulations, the Authority may issue clarifications through guidance notes or circulars. (2) On an application, received along with non-refundable processing fees mentioned in reg. 16 (2) (iv) above, the Authority, may for the reasons to be recorded in writing, relax the strict enforcement of any of the provisions of these regulations. INJETI SRINIVAS, Chairman, IFSCA [ADVT.-II... ... ...

17. (1) All the obligations of the Parent Entity in its home jurisdiction for the conduct of courses or programmes in any offshore jurisdiction shall be complied with by IBC or OEC, as the case may be. (2) The Parent Entity shall be permitted to repatriate profit, if any, without any restriction. =============... ... ...

16. : (1) The Authority, after considering the scale of operation of IBC or OEC, may require them to submit such deposit, in such form, as it may deem fit. (2) An IBC or OEC desirous of undertaking permissible activities shall pay to the Authority the following fees: (i) Application Fee: US$ 1,000 (one time) (ii) Initial Registration Fee: US$25,000(one time) (iii) Annual Fee: US$ 10,000 (Second year onwards) (iv) Processing fee for application seeking re... ... ...

SHRI OM PRAKASH KANT (ACCOUNTANT MEMBER) AND SHRI NARENDER KUMAR CHOUDHRY (JUDICIAL MEMBER) For the Assessee : Mr. Vijay Mehta For the Revenue : Mr. Ram Prakash Rastogi ORDER PER OM PRAKASH KANT, AM This appeal by the Revenue is directed against order dated 22.12.2022 passed by the Ld. Commissioner of Income-tax (Appeals)-53, Mumbai [in short 'the Ld. CIT(A)'] for assessment year 2016-17, raising following grounds: 1. On the facts and circumstances of the case and... ... ...

15. : (1) The IBC or OEC shall maintain such records and documents, as may be specified by the Authority. (2) All the books of accounts shall be maintained in such foreign currency, as may be declared at the time of making the application. (3) IBC or OEC shall submit an annual report giving details of the number of students admitted, programmes conducted, total fee collected, amount repatriated to Parent Entity, investment made, number of students awarded degree/ diploma/ certificate, e... ... ...

14. : All transactions undertaken by the IBC or OEC shall be in freely convertible foreign currency only. Provided that the IBC or OEC may defray their administrative expenses in INR by maintaining a separate Special Non-Resident Rupee Account. =============... ... ...

13. (1) No IBC or OEC shall wholly or partially discontinue, suspend or close any of its approved courses or programmes in the permissible subject areas for any reason without the prior written approval of the Authority. (2) In the eventuality of disruption or discontinuation of a course or programme for any reason, it shall be the responsibility of the Parent Entity to provide an alternative to the affected students, including reallocation to the course or programme conducted by it. =... ... ...

12. (1) Authority shall have right to inspect at all times, including after the grant of in-principle approval and before the grant of registration, to ascertain the infrastructure, quality and suitability of the IBC or OEC. (2) For the purposes of the inspection, the Authority may appoint one or more persons as 'Inspecting Authority' to undertake the inspection of the IBC or OEC. (3) The Inspecting Authority may take help of such persons or professionals as he may deem fit and it shal... ... ...

11. Violation of these regulations may attract appropriate enforcement action including suspension, cancellation of registration and/or imposition of penalty by the Authority. =============... ... ...