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Legislation Updates

SEBI
Legislation UpdatesNotifications

SEBI enhances scope of Utilisation of Investor Protection and Education Fund

On 20-10-2023, Securities and Exchange Board of India (‘SEBI’) notified the SEBI (Investor Protection and Education Fund) (Second Amendment) Regulations, 2023 to

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Published on October 26, 2023October 26, 2023By Kriti
Leave a comment2001 views
ministry of corporate affairs
Legislation UpdatesNotifications

MCA allows Shifting of Registered Office under certain circumstances

On 20-10-2023, the Ministry of Corporate Affairs notified the Companies (Incorporation) Third Amendment Rules, 2023 to amend the Companies (Incorporation) Rules, 2014.

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Published on October 24, 2023October 24, 2023By Kriti
Leave a comment2473 views
4% hike DA and DR
Legislation UpdatesNotifications

Cabinet approves 4% hike in DA and DR w.e.f. from 1-7-2023

On 18-10-2023, the Union Cabinet has approved a 4% hike in Dearness Allowance (‘DA’) for Central Government employees and Dearness Relief (‘DR’)

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Published on October 19, 2023October 19, 2023By Kriti
Leave a comment1438 views
SEBI
Legislation UpdatesRules & Regulations

SEBI makes stringent provisions on Money Laundering and Terrorist Financing in accordance with PML (Maintenance of Records) Rules 2005

On 13-10-2023, the Securities and Exchange Board of India (‘SEBI’) notified amendments in its Master Circular dated 3-2-2023 on Guidelines on Anti-Money

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Published on October 17, 2023October 17, 2023By Kriti
Leave a comment1837 views
ministry of environment, forest and climate change
Legislation UpdatesRules & Regulations

Centre notifies Green Credit Rules, 2023 to promote Green Credit Programme

Ministry of Environment, Forest and Climate Change notified the Green Credit Rules, 2023 to leverage a competitive market-based approach for green credit for incentivizing environmental actions of various stakeholders.

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Published on October 17, 2023October 17, 2023By Kriti
1 Comment3492 views
ministry of corporate affairs
Legislation UpdatesNotifications

Section 14 of IBC, 2016 will not apply to Transactions, Arrangements or Agreements

On 3-10-2023, the Ministry of Corporate Affairs notified that the provisions of Section 14 (1), relating to “Moratorium”, of the Insolvency and

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Published on October 11, 2023October 11, 2023By Kriti
Leave a comment2248 views
ministry of law and justice
Legislation UpdatesNotifications

Provisions of Mediation Act, 2023 come into force wef 1-9-2023

The Ministry of Law and Justice notified, 9-10-2023, as the date on which certain provisions of the Mediation Act, 2023 came into

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Published on October 10, 2023October 10, 2023By Kriti
Leave a comment11243 views
gst
Legislation UpdatesNotifications

[52nd GST Council Meeting] Recommends Amnesty Scheme for Taxpayers

On 7-10-2023, the Goods and Services Tax Council held its 52nd Meeting under the Chairpersonship of Union Minister for Finance and Corporate

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Published on October 9, 2023October 30, 2023By Kriti
Leave a comment1918 views
ministry of consumer affairs
Legislation UpdatesRules & Regulations

Combination Package and Group Package introduced vide Legal Metrology (Packaged Commodities) Amendment Rules, 2023

On 6-10-2023, the Ministry of Consumer Affairs, Food and Public Distribution notified the Legal Metrology (Packaged Commodities) Amendment Rules, 2023 to amend

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Published on October 7, 2023October 7, 2023By Kriti
1 Comment7501 views
Aadhaar Enrolment and Update Amendment Regulations 2023
Legislation UpdatesRules & Regulations

UIDAI brings in deactivation of Aadhaar numbers of Foreign Nationals on certain conditions

On 29-9-2023, the Unique Identification Authority of India (‘UIDAI’) notified the Aadhaar (Enrolment and Update) Amendment Regulations, 2023 to amend the Aadhaar

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Published on October 6, 2023October 6, 2023By Kriti
Leave a comment17473 views
rbi
Legislation UpdatesNotifications

RBI extends last date of exchange of Rs. 2000 banknotes until 7-10-2023

On 30-9-2023, the Reserve Bank of India (‘RBI’) announced that with effect from 8-10-2023, the deposit or exchange of Rs. 2000 banknotes

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Published on October 4, 2023October 4, 2023By Kriti
Leave a comment1964 views
Legislation UpdatesRules & Regulations

CBIC lays down provisions relating to online gaming vide CGST (Third Amendment) Rules, 2023

On 29-9-2023, the Central Board of Indirect Taxes and Customs notified the Central Goods and Services Tax (Third Amendment) Rules, 2023 to

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Published on September 30, 2023October 11, 2023By Kriti
Leave a comment1832 views
constitution (one hundred and sixth amendment) act 2023
Legislation UpdatesNotifications

106th Constitutional Amendment Act 2023 paves the way for Women Lawmakers

On 28-9-2023, the Ministry of Law and Justice notified the Constitution (One Hundred and Sixth Amendment) Act, 2023 to further amend the Constitution of India.

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Published on September 29, 2023December 25, 2023By Kriti
Leave a comment24532 views
constitution (one hundred and twenty-eighth amendment) bill 2023
Legislation UpdatesStatutes/Bills/Ordinances

Upper House unanimously passes the Constitution (One hundred and Twenty-eighth Amendment) Bill, 2023

“A historic achievement” The Bill was passed by Lok Sabha on 20-9-2023 with a ratio of 254:2 and on 21-9-2023, the bill

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Published on September 22, 2023September 22, 2023By Kriti
Leave a comment4453 views
nari shakti vandan bill
Legislation UpdatesStatutes/Bills/Ordinances

[Women’s Reservation Bill] Government introduces ‘Nari Shakti Vandan Adhiniyam’ in Lok Sabha

Today is a “historic moment for women empowerment” says Prime Minister.

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Published on September 19, 2023September 21, 2023By Kriti
Leave a comment9245 views
ministry of finance
Legislation UpdatesNotifications

MoF increases Gratuity Limit and Term Insurance Cover for LIC agents

On 18-9-2023, the Ministry of Finance approved a series of welfare measures for the benefit of Life Insurance Corporation of India (‘LIC’)

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Published on September 19, 2023September 19, 2023By Kriti
Leave a comment1707 views
mediation act 2023
Legislation UpdatesNotifications

Mediation Bill 2023 receives President’s assent

On 15-9-2023, the Ministry of Law and Justice notified the Mediation Act, 2023 to especially promote institutional mediation for resolution of disputes,

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Published on September 16, 2023September 19, 2023By Kriti
Leave a comment6011 views
central government
Legislation UpdatesNotifications

Government constitutes State Benches of GST Appellate Tribunal with effect from 14-9-2023

On 14-9-2023, the Central Government, on recommendations of the Goods and Services Tax (‘GST’) Council, constitutes the State Benches of the Goods

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Published on September 16, 2023September 16, 2023By Kriti
Leave a comment3035 views
rbi
Legislation UpdatesNotifications

RBI issues Master Directions on Classification, Valuation and Operation of Investment Portfolio of Commercial Banks excluding RRBs

On 12-9-2023, the Reserve Bank of India (‘RBI’) notified the Classification, Valuation and Operation of Investment Portfolio of Commercial Banks, Directions, 2023

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Published on September 15, 2023September 15, 2023By Kriti
Leave a comment2742 views
rbi
Legislation UpdatesNotifications

RBI asks lenders to maintain additional daily balance to keep liquidity tight

On 8-9-2023, the Reserve Bank of India (‘RBI’) decides to discontinue the Incremental Cash Reserve Ration (‘I-CRR’) in a phased manner and

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Published on September 13, 2023September 14, 2023By Kriti
Leave a comment1488 views

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