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Legislation Updates

CBDT
Legislation UpdatesRules & Regulations

Form and manner of filing appeal to the High Court on ruling pronounced or order passed by the Board for Advance Rulings introduced vide Income-tax (Sixteenth Amendment) Rules, 2022

The Central Board of Direct Taxes notified Income-tax (Sixteenth Amendment) Rules, 2022 in order to amend Income-tax Rules, 1962. The amendment introduces

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Published on June 1, 2022June 2, 2022By Bhumika Indulia
Leave a comment2538 views
CBIC
Legislation UpdatesNotifications

CBIC exempts deposits pertaining to all classes of persons and all categories of goods from the purview of Section 51A of Customs Act, 1962

The Central Board of Indirect Taxes and Customs has notified to exempt the deposits pertaining to all classes of persons and all

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Published on June 1, 2022June 1, 2022By Bhumika Indulia
Leave a comment2010 views
Legislation UpdatesRules & Regulations

MCA extends date of submitting Form CSR-2 till June 30, 2022 vide Companies (Accounts) Third Amendment Rules, 2022

The Central Government notified Companies (Accounts) Third Amendment Rules, 2022 to further to amend the  Companies (Accounts) Rules, 2014. Key points: The

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Published on June 1, 2022June 1, 2022By Bhumika Indulia
Leave a comment3176 views
Legislation UpdatesRules & Regulations

New Form CAA-16 introduced vide Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2022

The Central Government notified Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2022 in order to amend the Companies (Compromises, Arrangements and Amalgamations)

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Published on May 31, 2022May 31, 2022By Bhumika Indulia
Leave a comment3485 views
Central Government Notification
Legislation UpdatesNotifications

Extension of ESI provisions in Andaman and Nicobar Islands

The Central Government extends the provisions of the Employees’ State Insurance Act, 1948 to the classes of establishments specified in column (1)

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Published on May 31, 2022May 31, 2022By Bhumika Indulia
Leave a comment1808 views
Legislation UpdatesNotifications

MCA grants relaxation to LLPs in additional fees for delay in filing form 11 upto June 30, 2022

On May 27, 2022, the Ministry of Corporate Affairs in view of transition from version-2 of MCA-21 to version-3 and to promote

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Published on May 30, 2022May 30, 2022By Bhumika Indulia
Leave a comment1150 views
Central Government Notification
Legislation UpdatesNotifications

Ministry approves new guidelines of Micro & Small Enterprises Cluster Development Programme

On May 27, 2022, the Ministry of Micro, Small and Medium Enterprises (MSMEs) has approved new Guidelines of Micro & Small Enterprises

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Published on May 30, 2022May 30, 2022By Bhumika Indulia
Leave a comment1589 views
Legislation UpdatesNotifications

New timelines notified for replacement of existing meters with smart meters

On August 17, 2021, the Central Government has notified the timelines for replacement of existing meters with smart meters with prepayment feature,

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Published on May 27, 2022May 27, 2022By Bhumika Indulia
Leave a comment2309 views
Legislation UpdatesNotifications

RBI reduces net-worth requirement for non-bank Bharat Bill Payment Units to ₹25 crore

On April 08, 2022, the Reserve Bank of India has announced in the Statement on Development and Regulatory Policies  regarding reduction of

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Published on May 27, 2022May 27, 2022By Bhumika Indulia
Leave a comment1447 views
Legislation UpdatesRules & Regulations

Base premium for third party insurance for unlimited liability revised vide Motor Vehicles (Third Party Insurance Base Premium and Liability) Rules, 2022

On May 25, 2022, the Ministry of Road Transport and Highways, in consultation with the Insurance Regulatory and Development Authority of India,

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Published on May 26, 2022May 26, 2022By Bhumika Indulia
Leave a comment1757 views
SEBI
Legislation UpdatesNotifications

SEBI issues circular on simplification of procedure and standardization of formats of documents for issuance of duplicate securities certificates

On May 25, 2022, SEBI has issued a circular for simplification of procedure and standardization of formats of documents for issuance of

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Published on May 26, 2022May 26, 2022By Bhumika Indulia
Leave a comment3483 views
Central Government Notification
Legislation UpdatesNotifications

Exemption of products from the scope of prior Mandatory Testing and Certification of Telecommunication Equipment (MTCTE)

The Telegraph Authority has notified to exempt the following categories of telegraph from prior mandatory testing and certification in respect of parameters

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Published on May 25, 2022May 25, 2022By Bhumika Indulia
Leave a comment1832 views
Legislation UpdatesRules & Regulations

Government of Telangana notifies amendments to Telangana Factories Rules, 1950

The Government of Telangana has notified the amendment to “Schedule XVIII – Handing and Processing of Asbestos, Manufacture or otherwise in which

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Published on May 25, 2022May 25, 2022By Bhumika Indulia
Leave a comment2643 views
Legislation UpdatesNotifications

Courses offered in Financial Management, FinTech, Science, Technology, Engineering and Mathematics by foreign universities in the IFSC to be treated as financial service

The Central Government has notified that the courses offered in Financial Management, FinTech, Science, Technology, Engineering and Mathematics by foreign universities or

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Published on May 25, 2022May 25, 2022By Bhumika Indulia
Leave a comment1753 views
Central Government Notification
Legislation UpdatesStatutes/Bills/Ordinances

MoEFC notifies Draft E-Waste (Management) Rules

On May 19, 2022, the Ministry of Environment, Forest and Climate Change has published the E-Waste (Management) Draft Rules which shall apply

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Published on May 24, 2022May 24, 2022By Bhumika Indulia
Leave a comment3515 views
IFSCA
Legislation UpdatesNotifications

Fee structure under IFSCA (Fund Management) Regulations, 2022, revised

On May 19, 2022, the International Financial Services Centers Authority has revised the Application and Registration Fee under IFSCA (Fund Management) Regulations,

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Published on May 23, 2022May 23, 2022By Bhumika Indulia
Leave a comment2861 views
Legislation UpdatesRules & Regulations

Form No. INC-9 modified vide Companies (Incorporation) Second Amendment Rules, 2022

On May 20, 2022, the Ministry of Corporate Affairs has notified Companies (Incorporation) Second Amendment Rules, 2022 in order to substitute FORM

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Published on May 21, 2022May 21, 2022By Bhumika Indulia
Leave a comment2312 views
IFSCA
Legislation UpdatesNotifications

IFSCA issues framework for Aircraft Lease

On May 18, 2022, the International Financial Services Centres Authority has specified the Framework for Aircraft lease  for entities to get registered

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Published on May 20, 2022May 20, 2022By Bhumika Indulia
Leave a comment2861 views
Legislation UpdatesRules & Regulations

Inclusion of Acitretin in schedule H of the Drugs Rules, 1945 vide Drugs (Fourth Amendment) Rules, 2022

On May 18, 2022, the Ministry of Health and Family Welfare (MoHFW) has issued the Drugs (Fourth Amendment) Rules, 2022 to further

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Published on May 19, 2022May 19, 2022By Bhumika Indulia
Leave a comment1795 views
SEBI
Legislation UpdatesNotifications

SEBI issues circular on simplification of procedure and standardization of formats of documents for transmission of securities

On May 18, 2022, SEBI has issued a circular on simplification of procedure and standardization of formats of documents for transmission of

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Published on May 19, 2022May 19, 2022By Bhumika Indulia
Leave a comment2933 views

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