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Legislation Updates

Legislation UpdatesStatutes/Bills/Ordinances

Parliament receives President’s assent for — Insolvency and Bankruptcy Code (Amendment) Act, 2020

Parliament received President’s assent for — Insolvency and Bankruptcy Code (Amendment) Act, 2020 on 13-03-2020. An Act further to amend the Insolvency

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Published on March 14, 2020July 30, 2021By Bhumika Indulia
Leave a comment3570 views
Cabinet DecisionsLegislation Updates

Cabinet approves release of an additional installment of Dearness Allowance and Dearness Relief due from 1.1.2020

Union Cabinet has approved to release an additional installment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to

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Published on March 14, 2020March 14, 2020By Bhumika Indulia
Leave a comment2626 views
Legislation UpdatesNotifications

Coronavirus | Govt brings masks and hand sanitizers under the Essential Commodities Act

In view the ongoing outbreak of COVID-19 (Corona Virus) and concern of the logistics for COVID-19 management particularly during the last couple

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Published on March 14, 2020April 1, 2020By Bhumika Indulia
Leave a comment2217 views
Legislation UpdatesNotifications

Central Govt. notifies — Yes Bank Ltd. Reconstruction Scheme, 2020

G.S.R. 174(E).—Whereas, the Yes Bank Limited is a banking company registered under the Companies Act, 1956 (1 of 1956) and carrying on

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Published on March 14, 2020By Bhumika Indulia
1 Comment4090 views
Legislation UpdatesStatutes/Bills/Ordinances

Parliament Passes The Mineral Laws (Amendment) Bill, 2020 — Will promote ease of doing business

Parliament passed The Mineral Laws (Amendment) Bill, 2020 for amendments in Mines & Mineral (Development and Regulation) Act 1957 and The Coal

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Published on March 12, 2020July 30, 2021By Bhumika Indulia
Leave a comment2915 views
Legislation UpdatesRules & Regulations

Protection of Children from Sexual Offences Rules, 2020 — Comes into force; R. 11 provides procedure for reporting of pornographic material involving a child

Central Government makes the following rules, namely:–– The Protection of Children from Sexual Offences Rules, 2020. These rules come into force from

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Published on March 12, 2020March 12, 2020By Bhumika Indulia
Leave a comment10855 views
Legislation UpdatesStatutes/Bills/Ordinances

Major Port Authorities Bill, 2020 introduced in Lok Sabha; to provide for regulation, operation and planning of Major Ports in India

Major Port Authorities Bill, 2020 introduced in Lok Sabha with a view to provide for regulation, operation and planning of Major Ports

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Published on March 12, 2020March 12, 2020By Bhumika Indulia
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Legislation UpdatesNotifications

Nidhi Companies to apply to the Central Govt. for updation of their status/ declaration as Nidhi Co.

In order to make regulatory regime for Nidhi Companies more effective and also to accomplish the objectives of transparency & investor friendliness

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Published on March 12, 2020March 13, 2020By Bhumika Indulia
Leave a comment2701 views
Legislation UpdatesStatutes/Bills/Ordinances

Lok Sabha passes — Mineral Laws (Amendment) Bill, 2020

Mineral Laws (Amendment) Bill, 2020 passed by Lok Sabha on 06-03-2020. It is a bill to amend the Mines and Minerals (Development

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Published on March 11, 2020March 11, 2020By Bhumika Indulia
1 Comment1826 views
Legislation UpdatesStatutes/Bills/Ordinances

Insolvency and Bankruptcy Code (Amendment) Bill, 2020 passed by — Lok Sabha | Protection to Corporate Debtor from past offences as well as one’s committed during insolvency process

Lok Sabha passes the Insolvency and Bankruptcy Code (Amendment) Bill, 2020 on 06-03-2020. Series of amendments have been laid down in the

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Published on March 9, 2020By Bhumika Indulia
Leave a comment3166 views
Legislation UpdatesNotifications

Central Government constitutes Delimitation Commission for UT of J&K and States of Assam, Arunachal Pradesh, Manipur & Nagaland

S.O. 1015(E).—In exercise of the powers conferred by section 3 of the Delimitation Act, 2002 (33 of 2002), the Central Government hereby

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Published on March 7, 2020March 7, 2020By Bhumika Indulia
Leave a comment2993 views
Legislation UpdatesRules & Regulations

RBI Notifies — Foreign Exchange Management (Foreign Exchange Derivative Contracts) (First Amendment) Regulations, 2020

The Foreign Exchange Management (Foreign Exchange Derivative Contracts) (First Amendment) Regulations, 2020. Reserve Bank of India notifies Foreign Exchange Management (Foreign Exchange

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Published on March 6, 2020March 6, 2020By Bhumika Indulia
Leave a comment5140 views
Legislation UpdatesStatutes/Bills/Ordinances

The Indian Institutes of Information Technology Laws (Amendment) Bill, 2020 — introduced in Lok Sabha

The Indian Institutes of Information Technology Laws (Amendment) Bill, 2020 introduced in Lok Sabha on 04-03-2020. The said Bill was introduced to

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Published on March 6, 2020March 6, 2020By Bhumika Indulia
1 Comment4394 views
Legislation UpdatesNotifications

MCA | Details of the LLP Settlement Scheme, 2020 notified

Central Government in exercise of its power under Section 460 of the Companies Act, 2013 (extended to LLPs vide Gazette Notification No.

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Published on March 5, 2020March 5, 2020By Bhumika Indulia
Leave a comment2953 views
Legislation UpdatesNotifications

Standing Committee on Finance submits its 6th Report on — Insolvency and Bankruptcy (Second Amendment) Bill, 2019

Standing Committee on Finance (2019-2020) prsented the Sixth Report on Insolvency and Bankruptcy (Second Amendment) Bill, 2019 in Lok Sabha on 04-03-2020.

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Published on March 5, 2020March 5, 2020By Bhumika Indulia
Leave a comment2662 views
Cabinet DecisionsLegislation Updates

Cabinet approves MoU between India and Côte d’lvoire for cooperation in the field of Health

Union Cabinet has approved a Memorandum of Understanding (MoU) between Ministry of Health and Family Welfare of the Republic of India and

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Published on March 5, 2020March 5, 2020By Bhumika Indulia
Leave a comment2019 views
Legislation UpdatesStatutes/Bills/Ordinances

Lok Sabha passes — The Direct Tax Vivad se Vishwas Bill, 2020

The Direct Tax Vivad se Vishwas Bill, 2020 has been passed by Lok Sabha on 04-03-2020 in order to provide for resolution of

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Published on March 5, 2020March 17, 2020By Bhumika Indulia
Leave a comment2355 views
Cabinet DecisionsLegislation Updates

Cabinet approves — Foreign Direct Investment policy on Civil Aviation

To permit foreign investment upto 100% by those NRIs, who are Indian Nationals, in case of M/s Air India Ltd., the Union

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Published on March 4, 2020March 5, 2020By Bhumika Indulia
Leave a comment2110 views
Cabinet DecisionsLegislation Updates

Mega Consolidation in Public Sector Banks — Approved by Cabinet

Union Cabinet has approved the mega consolidation of ten PSBs into four which include the – (a)  Amalgamation of Oriental Bank of

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Published on March 4, 2020March 5, 2020By Bhumika Indulia
Leave a comment2151 views
Cabinet DecisionsLegislation Updates

Cabinet approves — Companies (Second Amendment) Bill, 2019; would enable listing of Indian companies on stock exchanges in foreign jurisdictions

The Union Cabinet has approved the Companies (Second Amendment) Bill, 2019 to amend the Companies Act, 2013. The Bill would remove criminality

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Published on March 4, 2020March 5, 2020By Bhumika Indulia
Leave a comment2359 views

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