RBI directs Asset Reconstruction Companies to reduce their management fees
On 20-2-2023, the Reserve Bank of India (‘RBI’) issued a circular on Implementation of Indian Accounting Standards (‘Ind AS’) to resolve the
Continue readingLegislation Updates
SEBI introduces Issue Summary Document and Dissemination of Issue to facilitate consumption of data by stakeholders
On 15-2-2023, the Securities and Exchange Board of India (‘SEBI’) issued circular on Introduction of Issue Summary Document (ISD) and dissemination of
Continue reading
SEBI introduces Chapter VI A on Obligations of Manager vide SEBI (REIT) (Amendment) Regulations, 2023
On 14-2-2023, the Securities and Exchange Board of India (‘SEBI’) notified the SEBI (Real Estate Investment Trusts) (Amendment) Regulations, 2023 to amend
Continue reading
SEBI introduces Chapter VIB on Obligations of Investment Managers vide SEBI (InvIT)(Amendment) Regulations, 2023
On 14-2-2023, the Securities and Exchange Board of India (‘SEBI’) issued the SEBI (Infrastructure Investment Trusts) (Amendments) Regulations, 2023 to amend the
Continue reading
CBDT revises Income-tax Return Form ITR-7 vide Income-tax (Second Amendment) Rules, 2023
On 14-2-2023, the Ministry of Finance notified the Income-tax (Second Amendment) Rules, 2023 to amend the Income-tax Rules, 1962 (‘IT Rules). The
Continue reading
CBDT revises Income-tax Return Forms vide Income-tax (First Amendment) Rules, 2023
On 10-2-2023, the Ministry of Finance notified the Income-tax (First Amendment) Rules, 2023 to amend the Income-tax Rules, 1962 (‘IT Rules'). The
Continue reading
First time issuers to amend their AoA within 6 months from the date of debt securities; SEBI clarifies
On 9-2-2023, the Securities and Exchange Board of India (‘SEBI’) clarified on the compliance by the first- time issuers of debt securities
Continue reading
SEBI issues list of securities which need to comply with provisions of Chapter of NCS Regulations, 2021
On 8-2-2023, the Securities and Exchange Board of India (‘SEBI’) clarified on the issuance and listing of perpetual debt instruments, perpetual non-cumulative
Continue reading
SEBI extends timeline until 1-3-2023 to Online Bond Platform Providers for making an application for registration certificate
On 7-2-2023, the Securities and Exchange Board of India (‘SEBI’) extended the timeline for entities operating or desirous of operating as Online
Continue reading
Maritime Anti-Piracy Act, 2022 receives President’s assent
On 31-01-2023, the President has given assent to Maritime Anti-Piracy Act, 2022. The Act has been enacted to give effect to the
Continue reading
SEBI clarifies on Transaction in Corp Bonds via Request for Quote Platform by AIFs
On 1-2-2023, the Securities and Exchange Board of India has issued a circular on Transaction in Corporate Bonds through Request for Quote
Continue reading
CEA (Flexible Operation of Coal based Thermal Power Generating Units) Regulations, 2023
On 30-1-2023, the Central Electricity Authority notified the Central Electricity Authority (Flexible Operation of Coal based Thermal Power Generating Units) Regulations, 2023.
Continue reading
Electricity produced from a non- fossil fuel/ offshore wind projects exempted from additional surcharge vide Electricity (Promoting Renewable Energy Through Green Energy Open Access) Amendment Rules, 2023
On 27-1-2023, the Ministry of Power notified the Electricity (Promoting Renewable Energy Through Green Energy Open Access) Amendment Rules, 2023 to amend
Continue reading
Ministry of Finance issues Rs. 75 coin on the occasion of 75 years of raising of NCC
On 25-1-2023, the Ministry of Finance notified the Coinage (Issue of Commemorative Coin on the Occasion of 75 Years of Raising of
Continue reading
MCA revises Forms MSC-1, MSC-3 & MSC-4 vide Companies (Miscellaneous) Amendment Rules, 2023
On 20-1-2023, the Ministry of Corporate Affairs notified the Companies (Miscellaneous) Amendment Rules, 2023 to amend the Companies (Miscellaneous) Rules, 2014. The
Continue reading
MCA revises Form MGT —3 and 14 vide Companies (Management and Administration) Amendment Rules, 2023
On 23-1-2023, the Ministry of Corporate Affairs notified Companies (Management and Administration) Amendment Rules, 2023 to amend the Companies (Management and Administration)
Continue reading
Live Streaming and Recording of Court Proceedings Rules of the High Court of Delhi, 2022
On 13-1-2023, the High Court of Delhi notified the Live Streaming and Recording of Court Proceedings Rules of the High Court of
Continue reading
Companies (Registration Offices and Fees) Amendment Rules, 2023
The Central Government has notified Companies (Registration Offices and Fees) Amendment Rules, 2023 to amend the Companies (Registration Offices and Fees) Rules,
Continue reading
MCA revises Form URC-1 vide Companies (Authorized to Register) Amendment Rules, 2023
On 20-1-2023, the Ministry of Corporate Affairs notified the Companies (Authorized to Register) Amendment Rules, 2023 to amend the Companies (Authorized to
Continue reading
Additional educational requirements, powers and duties of Designated Officers, Food Officers and Analysts introduced vide Food Safety and Standards (First Amendment) Rules, 2022
On 20-01-2023, the Ministry of Health and Family Welfare notified the Food Safety and Standards (First Amendment) Rules, 2022, to further amend
Continue reading