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Legislation Updates

Legislation UpdatesNotifications

Foreign companies and companies incorporated outside India exempted from purview of sections 387 to 392 to the extent they relate to offering for subscription in the securities and requirements related to prospectus

On August 05, 2021, the Ministry of Corporate Affairs has issued a notification to exempt foreign companies and companies incorporated or to

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Published on August 6, 2021August 6, 2021By Bhumika Indulia
Leave a comment3234 views
Legislation UpdatesStatutes/Bills/Ordinances

Forms for registration, license and issuance of certificate revised vide Tea (Marketing) Control (Amendment) Order, 2021

The Ministry of Commerce and Industry has notified the Tea (Marketing) Control (Amendment) Order, 2021 on July 30, 2021. The amendment makes

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Published on August 6, 2021August 6, 2021By Editor
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Legislation Updates

Credit rating agency shall only rate securities that are listed or proposed to be listed on a stock exchange, stated vide SEBI (Credit Rating Agencies) (Amendment) Regulations, 2021

The Securities and Exchange Board of India has notified the SEBI (Credit Rating Agencies) (Amendment) Regulations, 2021 on August 3, 2021. The

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Published on August 5, 2021August 6, 2021By Editor
Leave a comment2818 views
Legislation UpdatesRules & Regulations

Only Independent Directors to approve related party transactions vide SEBI (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2021

The Securities and Exchange Board of India has passed SEBI (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2021 on August 3,

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Published on August 5, 2021August 5, 2021By Editor
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Legislation UpdatesStatutes/Bills/Ordinances

Draft Scheme for Compensation to victims of Hit & Run Accidents, 2021

On August 02, 2021, the Ministry of Road Transport and Highways has issued the Draft Scheme for Compensation to victims of Hit

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Published on August 5, 2021August 5, 2021By Bhumika Indulia
Leave a comment2439 views
Cabinet DecisionsLegislation Updates

Cabinet approves continuation of Centrally Sponsored Scheme for Fast Track Special Courts for further 2 years

The Union Cabinet has approved the continuation of 1023 Fast Track Special Court (FTSCs) including 389 exclusive POCSO Courts as a Centrally

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Published on August 5, 2021August 5, 2021By Bhumika Indulia
Leave a comment3367 views
Legislation UpdatesRules & Regulations

SEBI | NRI or OCI could be constituents of applicant under SEBI (Foreign Portfolio Investors) (Amendment) Regulations, 2021

SEBI has issued Securities and Exchange Board of India (Foreign Portfolio Investors) Amendment Regulations, 2021 on August 3, 2021. The amendment makes

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Published on August 4, 2021August 4, 2021By Editor
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Legislation UpdatesRules & Regulations

Battery-operated vehicles exempted from RC issue, renewal fees vide Central Motor Vehicles (Sixteenth Amendment) Rules, 2021

The Ministry of Road Transport and Highways has amended the Central Motor Vehicles Rules, 1989, notifying the Central Motor Vehicles (Sixteenth Amendment)

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Published on August 4, 2021August 4, 2021By Editor
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Foreign LegislationLegislation Updates

UK | European Convention on Human Rights protocol comes into force

Protocol no. 15 to the European Convention on Human Rights has come into force on August 1, 2021. The development of Protocol

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Published on August 4, 2021August 4, 2021By Editor
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Legislation UpdatesNotifications

SEBI issues circular for permitting non-scheduled Payments Banks to register as Bankers to an Issue

On August 03, 2021, SEBI issued a circular to protect the interests of investors in securities and to promote the development of,

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Published on August 4, 2021August 4, 2021By Bhumika Indulia
Leave a comment2143 views
Legislation UpdatesNotifications

CBDT extends due dates for electronic filing of various Forms under the Income-tax Act, 1961

On August 03, 2021, the Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for electronic filing

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Published on August 4, 2021August 18, 2021By Bhumika Indulia
Leave a comment2344 views
Foreign LegislationLegislation Updates

New Zealand | New legislation banning conversion therapy for LGBTQ, introduced in parliament

New Zealand has introduced the Conversion Practices Prohibition Legislation Bill in the Parliament on July 30, 2021. The Bill aims at preventing

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Published on August 3, 2021August 3, 2021By Editor
Leave a comment2437 views
Foreign LegislationLegislation Updates

Pittsburgh, Pennsylvania enacts another temporary COVID-19 paid sick leave Ordinance

On July 29, 2021, Mayor signed a new Temporary COVID-19 Paid Sick Leave Ordinance which requires employers with 50 or more employees

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Published on August 3, 2021October 3, 2023By Bhumika Indulia
Leave a comment1894 views
Legislation UpdatesStatutes/Bills/Ordinances

Marine Aids to Navigation Act, 2021 comes into force, rescinding 90-year-old Lighthouse Act, 1927

The Central Government has passed the Marine Aids to Navigation Act, 2021 on July 31, 2021. The Act repeals the Lighthouse Act,

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Published on August 3, 2021August 3, 2021By Editor
Leave a comment2688 views
Legislation UpdatesStatutes/Bills/Ordinances

Parliament passes ‘Inland Vessels Bill, 2021’ to repeal and replace the existing Inland Vessels Act, 1917

On August 2, 2021, the Parliament passed the Inland Vessels Bill, 2021, which aims to replace over 100 years old Inland Vessels

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Published on August 3, 2021August 3, 2021By Bhumika Indulia
1 Comment2754 views
Legislation UpdatesRules & Regulations

Minimum unit holders requirement for unlisted InvITs, introduced via SEBI (Infrastructure Investment Trusts) (Amendment) Regulations, 2021

The Securities Exchange Board of India makes Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2021 to further amend

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Published on August 2, 2021August 2, 2021By Bhumika Indulia
Leave a comment1931 views
Legislation UpdatesRules & Regulations

Draft Code on Wages (Jharkhand) Rules, 2021

On July 14, 2021, the Jharkhand Government has issued the Draft Code on Wages (Jharkhand) Rules, 2021. The Rules provide 9 Chapters

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Published on August 2, 2021December 29, 2021By Bhumika Indulia
Leave a comment3018 views
Legislation UpdatesStatutes/Bills/Ordinances

Two Food Technology Institutes declared as Institutes of National Importance vide National Institutes of Food Technology, Entrepreneurship and Management Act, 2021

The National Institutes of Food Technology, Entrepreneurship and Management Act, 2021 receives President’s assent on July 30, 2021.   Key features of

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Published on July 31, 2021July 31, 2021By Editor
Leave a comment2237 views
Legislation UpdatesNotifications

SEBI issues circular on Intra-day Net Asset Value (NAV) for transactions in units of Exchange Traded Funds directly with Asset Management Companies

SEBI in view of the feedback of the industry and recommendations of the Mutual Fund Advisory Committee, clarified that intra-day NAV, based

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Published on July 31, 2021July 31, 2021By Bhumika Indulia
Leave a comment1962 views
Foreign LegislationLegislation Updates

UK | Government launches National Disability Strategy for better prospects of disabled people

UK Government has released a press release announcing launch of National Disability Strategy on July 30, 2021.   Key features of the

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Published on July 31, 2021July 31, 2021By Editor
Leave a comment1700 views

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