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Legislation Updates

SEBI
Legislation UpdatesNotifications

SEBI amends Guidelines on “Pricing of Units” for Preferential Issue & Institutional Placement by REIT and InvIT

On 5-7-2023, the Securities and Exchange of India (‘SEBI') notified amendments to Guidelines for Preferential Issue and Institutional Placement of Units by

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Published on July 8, 2023July 8, 2023By Kriti
Leave a comment1590 views
SEBI
Legislation UpdatesRules & Regulations

SEBI introduces new chapter on ESG Rating Providers in SEBI (Credit Rating Agencies) Regulations, 1999

On 3-7-2023, Security and Exchange Board of India(‘SEBI’) amended the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999

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Published on July 7, 2023July 7, 2023By Editor_4
Leave a comment2763 views
SEBI
Legislation UpdatesRules & Regulations

SEBI introduces new Alternative Dispute Resolution Mechanism vide ADR Amendment Regulations 2023

On 3-7-2023, the Securities and Exchange Board of India (‘SEBI’) notified the Securities and Exchange Board of India (Alternative Dispute Resolution Mechanism) (Amendment) Regulations, 2023

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Published on July 7, 2023July 7, 2023By Editor_4
Leave a comment3993 views
ministry of commerce and industry
Legislation UpdatesNotifications

Govt lays down various Procedures relating to import/ export/ procurement of Domestic Tariff Area of Ship by a Unit in IFSC

On 5-7-2023, the Ministry of Commerce and Industry notified the Special Economic Zones (Third Amendment) Rules, 2023 to amend the Special Economic

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Published on July 7, 2023July 7, 2023By Kriti
Leave a comment1719 views
maharashtra government
Legislation UpdatesNotifications

Mah Govt announces additional Allowances and Post-Retirement Benefits to Retired Bombay High Court Judges

On 4-7-2023, the Maharashtra Government announced post- retirement benefits and allowances for housekeeping, chauffeur and telephone expenses to the retired Bombay High

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Published on July 5, 2023July 5, 2023By Kriti
Leave a comment1844 views
ministry of power
Legislation UpdatesRules & Regulations

MoP streamlines Requirements of Captive Generating Plant vide Electricity (Amendment) Rules, 2023

On 30-6-2023, the Ministry of Power notified the Electricity (Amendment) Rules, 2023 to amend the Electricity Rules, 2005. The provisions came into

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Published on July 3, 2023July 3, 2023By Kriti
1 Comment6547 views
ministry of finance
Legislation UpdatesRules & Regulations

MoF mandates prior approval of RBI to Use International Credit Card overseas for making transactions covered under Schedule III

On 30-6-2023, the Ministry of Finance further amended the Foreign Exchange Management (Current Account Transactions) Rules, 2000. It will be deemed to

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Published on July 3, 2023July 3, 2023By Kriti
3 Comments1801 views
ministry of power
Legislation UpdatesNotifications

Govt forms National Steering Committee to govern Carbon Market vide Carbon Credit Trading Scheme, 2023

On 28-6-2023, the Ministry of Power notified the Carbon Credit Trading Scheme, 2023 whereby the governance of Indian Carbon Market and direct

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Published on July 1, 2023July 1, 2023By Kriti
Leave a comment3489 views
SEBI
Legislation UpdatesRules & Regulations

SEBI lays down Obligations of Asset Management company vide Mutual Funds Regulations, 2023

On 27-6-2023, the Securities and Exchange Board of India (‘SEBI’) notified the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations,

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Published on June 29, 2023June 29, 2023By Kriti
2 Comments2947 views
rbi
Legislation UpdatesNotifications

RBI imposes penalty of Rs. 30 Lakhs on Axis Bank Ltd. for wrongly levying penal charges on its credit card holders on account of late payment

On 23-6-2023, the Reserve Bank of India (‘RBI’) imposed a penalty of Rs. 30 lakhs on Axis Bank Ltd. for non-compliance with

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Published on June 27, 2023June 27, 2023By Kriti
Leave a comment4185 views
government of madhya pradesh
Legislation UpdatesNotifications

MP Govt mandates 3 years of continuous practice or 70% marks in bachelor’s degree for recruitment in Judicial Service (Civil Judge Entry Level) cadre

On 23-6-2023, the Governor of Madhya Pradesh, in consultation with the High Court of Madhya Pradesh, made amendments in the Madhya Pradesh

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Published on June 26, 2023June 26, 2023By Kriti
1 Comment9199 views
ministry of finance
Legislation UpdatesRules & Regulations

CBDT introduces Form No. 10-IEA for Application for exercise of option vide Income-tax (Tenth Amendment) Rules, 2023

On 21-6-2023, the Ministry of Finance notified the Income-tax (Tenth Amendment) Rules, 2023 to amend the Income-tax Rules, 1962. Key Points: Rule

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Published on June 24, 2023June 24, 2023By Kriti
Leave a comment1803 views
Ministry of Consumer Affairs
Legislation UpdatesNotifications

Principal Entity to sell goods through network of sellers

On 21-6-2023, the Ministry of Consumer Affairs, Food and Public Distribution notified the Consumer Protection (Direct Selling) (Amendment) Rules, 2023 to amend

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Published on June 22, 2023June 22, 2023By Kriti
Leave a comment3140 views
government of punjab
Legislation UpdatesNotifications

Punjab Govt allows Establishments to keep open throughout the year on fulfilling certain conditions

On 2-6-2023, the Government of Punjab issued a notification permitting all the establishments registered under the Punjab Shops and Commercial Establishments Act,

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Published on June 21, 2023June 21, 2023By Kriti
1 Comment2561 views
Foreign LegislationLegislation Updates

EU passes proposal to Regulate Artificial Intelligence

The Member of European Parliament adopted the EU’s AI Act with 499 votes in favour.

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Published on June 19, 2023June 23, 2023By Editor_4
Leave a comment3447 views
law commission of india
Legislation UpdatesNotifications

[Uniform Civil Code] 22nd Law Commission decides to solicit views of public/ religious organizations

On 14-6-2023, the 22nd Law Commission of India decided to solicit views and ideas of the public and recognized religious organizations about

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Published on June 16, 2023June 16, 2023By Kriti
237 Comments11388 views
ministry of finance
Legislation UpdatesNotifications

MoF notifies Sovereign Gold Bond Scheme 2023-24; distinct Series will be indicated on Bond issued

On 14-6-2023, the Ministry of Finance notified the Sovereign Gold Bond Scheme 2023-24 having distinct Series which will be indicated on the

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Published on June 16, 2023June 16, 2023By Kriti
Leave a comment1622 views
ministry of finance
Legislation UpdatesRules & Regulations

CBDT revises Forms relating to Advance Ruling under Section 245 Q (1) of Income-tax Act, 1961

On 12-6-2023, the Ministry of Finance issued the Income-tax (Ninth Amendment) Rules, 2023 to amend the Income-tax Rules, 1962 (‘IT Rules’). The

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Published on June 14, 2023June 13, 2023By Kriti
2 Comments2084 views
SEBI
Legislation UpdatesNotifications

SEBI bars CEO of ZEEL and Chairman of Essel Group from holding Directorial Positions

On 12-6-2023, the Securities and Exchange Board of India (‘SEBI’) in the matter of Zee Entertainment Enterprises Ltd. (‘ZEEL’) passed an interim

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Published on June 13, 2023June 27, 2023By Kriti
Leave a comment2023 views
Ministry of Defence
Legislation UpdatesNotifications

Govt permits females to enroll in Air Force under Agniveer Scheme

On 12-6-2023, the Ministry of Defence issued a notification permitting females for enrolment in the Indian Air Force as Agniveervayu (Combatant) and

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Published on June 13, 2023June 13, 2023By Kriti
1 Comment1720 views

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