Services engaged in the Banking industry to be a public utility service
On April 26, 2022, the Central Government has notified that the services engaged in the Banking industry to be a public utility
Continue readingLegislation Updates
Custodians holding certificate of registration may provide custodial services for silver related instruments vide SEBI (Custodian) (Amendment) Regulations, 2022
The Securities and Exchange Board of India has issued the Securities and Exchange Board of India (Custodian) (Amendment) Regulations, 2022 to amend
Continue reading
Electricity (Rights of Consumers) Amendment Rules, 2022
On April 20, 2022, the Ministry of Power has issued the Electricity (Rights of Consumers) Amendment Rules, 2022 to amend Electricity (Rights
Continue reading
Income-tax (10th Amendment) Rules, 2022
On April 22, 2022, the Central Board of Direct Taxes (CBDT) has issued the Income-tax (10th Amendment) Rules, 2022 to amend the
Continue reading
Conditions for furnishing return of income by persons referred in section 139 (1) introduced vide Income-tax (Ninth Amendment) Rules, 2022
On April 21, 2022, the Central Board of Direct Taxes (CBDT) has issued the Income-tax (Ninth Amendment) Rules, 2022 to amend Income-tax
Continue reading
Finance ministry undertakes fund activities of IFSCA via IFSCA (Fund Management) Regulations, 2022
On 19th April, 2022, Ministry of Finance introduced International Financial Services Centres Authority (Fund Management) Regulations, 2022. These regulations aim to define
Continue reading
Canada-Ontario| Working for Workers Act, 2022 receives royal assent
On 11th April 2022, Bill 88, Working for Workers Act 2022 has received the Royal Assent. The new law amends some of
Continue reading
RBI mandates NBFC to make additional disclosure in financial statements
On April 19, 2022, the Reserve Bank of India has mandated NBFCs to make additional disclosure in financial statement in accordance with
Continue reading
RBI notifies limits for investment in debt and sale of credit default swaps by FPIs
On April 19, 2022, the Reserve Bank of India (RBI) has issued a notification on Limits for investment in debt and sale
Continue reading
Minimum paid up equity share capital increased from five lakh to ten lakh rupees vide Nidhi (Amendment) Rules, 2022
On April 19, 2022, the Ministry of Corporate Affairs has notified Nidhi (Amendment) Rules, 2022 to amend the Nidhi Rules, 2014. Key
Continue reading
Centre unifies Delhi’s three civil corporations into ‘Municipal Corporation of Delhi’ vide Delhi Municipal Corporation (Amendment) Act, 2022
On 18th April, 2022, Central government notified Delhi Municipal Corporation (Amendment) Act, 2022. In an attempt to improvise the constitutional setup of
Continue reading
CBDT notifies NBFID under section 10(48D) of Income Tax Act, 1961
On April 18, 2022, the Central Government in exercise of the powers conferred by clause (48D) of section 10 of the Income-tax
Continue reading
Criminal Procedure (Identification) Bill, 2022 receives President’s assent
On April 18, 2022, the Criminal Procedure (Identification) Bill, 2022 has received President’s assent in order to authorise the law enforcement agencies
Continue reading
ESIC relaxes timeline for depositing and filing ESI contribution
On April 13, 2022, the Employees State Insurance Corporation has relaxed the time limit for depositing and filing ESI contribution and has
Continue reading
US-Virginia| New Overtime Wage Law
On 11th April 2022, Governor Glenn Youngkin signed into law House Bill (HB) 1173 and Senate Bill (SB) 631. It was sent
Continue reading
Goa Boiler (Fifth Amendment) Rules, 2022
On April 07, 2022, the Government of Goa has notified the Goa Boiler (Fifth Amendment) Rules, 2022 to further amend the Goa
Continue reading
Authorised share capital of three public sector general insurance companies enhanced vide National Insurance Company Limited (Merger) Amendment Scheme, 2022
The Central Government notifies National Insurance Company Limited (Merger) Amendment Scheme, 2022 to amend the National Insurance Company Limited (Merger) Scheme, 1973.
Continue reading
Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2022
On April 12, 2022, the Department of Economic Affairs (DEA) has issued the Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2022 to
Continue reading
Canada – Ontario | Increase in Minimum Wages w.e.f October 1, 2022
On 5th April 2022, Employment and Social Development Canada (ESDC) has announced that the minimum wage will increase from $15 to $15.55
Continue reading
SEBI terms “Asset Cover” as “Security Cover” vide SEBI (Listing Obligations and Disclosure Requirements) (3rd Amendment) Regulations, 2022
On 11th April, 2022, Securities and Exchange Board of India issues Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Continue reading