Legislation Updates Archives | Page 26 of 139

SEBI issues circular on framework for Cyber Security and Cyber Resilience for all Qualified Registrars to an Issue and Share Transfer Agents

On 06-07-2022, Securities and Exchange Board of India (‘SEBI’) issued a circular on framework for Cyber Security and Cyber Resilience for all

Legislation Updates Notifications

CBIC extends waiver of late fee for delay in filing Form GSTR-4 for FY 2021-22

On 05-07-2022, the Central Board of Indirect Taxes and Customs has waived the late fee for delay in furnishing Form GSTR-4 for

Foreign Legislation Legislation Updates

US – Colorado| Colorado expands notice requirement for Unemployment Benefits upon termination

The Senate Bill 22-234 has received the assent of Governor. The legislation is intended to update the notice requirements regarding unemployment insurance

Legislation Updates Rules & Regulations

Bullion exchange units will now be deemed IFSCs vide Special Economic Zones (Second Amendment) Rules, 2022

On 6th July, 2022, Central Government passed Special Economic Zones (Second Amendment) Rules, 2022. It will be coming into force with immediate

Legislation Updates Rules & Regulations

Deposit and refund scheme for taxes in Electronic Ledgers revised vide Central Goods and Services Tax (Amendment) Rules, 2022

On 5-7-2022, Central Government notified Central Goods and Services Tax (Amendment) Rules, 2022 that amends Central Goods and Services Tax

Legislation Updates Rules & Regulations

Obligations on the part of ‘Insolvency Professionals’ regulated vide Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Amendment) Regulations, 2022

On 4-7-2022, Insolvency and Bankruptcy Board of India (IBBI), notified Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Amendment) Regulations,

Legislation Updates Notifications

RBI imposes Rs.1.5 crore penalty on Kotak Mahindra Bank Ltd for deficiency in regulatory compliance

The Reserve Bank of India (‘RBI’) has imposed a penalty of Rs. 1.5 crore on Kotak Mahindra Bank Ltd.(‘Kotak’) for contravening the

Legislation Updates Notifications

Manner of obtaining certificate of registration by ‘Finance Company’ under IFSCA revised vide IFSCA (Finance Company) (Amendment) Regulations, 2022

On 1-7-2022, International Financial Services Centres Authority (IFSCA) notifies International Financial Services Centres Authority (Finance Company) (Amendment) Regulations, 2022. This Amendment seeks

Legislation Updates Notifications

RBI issues circular on takeover/ acquisition of control of non- bank payment system operators and sale and transfer of payment system activity

On 04-07-2022, the Reserve Bank of India (‘RBI') has issued a circular determining the requirements for obtaining prior approval in

Legislation Updates Notifications

SEBI issues circular on investor grievance mechanism to expedite redressal and disposal of complaints

On 04-07-2022, Securities and Exchange Board of India (‘SEBI') issued a circular on Investor Grievance Mechanism also amending its circular

Legislation Updates Rules & Regulations

Regulation of provisions on re-import of jewellery exported on E-commerce platforms vide Courier Imports and Exports (Electronic Declaration and Processing) Amendment Regulations, 2022

On 30-6-2022, Ministry of Finance notified Courier Imports and Exports (Electronic Declaration and Processing) Amendment Regulations, 2022. By this amendment,

Legislation Updates Notifications

CCPA issues Guidelines to prohibit automatic levy of service charge in hotels and restaurants

On 04-07-2022, the Central Consumer Protection Authority (‘CCPA’) has issued Guidelines to prevent unfair trade practices and to protect the consumer interest

Legislation Updates Notifications

RBI issued Guidelines on Note Authentication and Fitness Sorting Parameters

On 01-07-2022, Reserve Bank of India (‘RBI') issued guidelines on authentication of note and fitness sorting parameters for the Note

Legislation Updates Notifications

RBI notified provisioning requirement for Investment in Security Receipts in order to provide glide path for the Regional Rural Banks

On 28-08-2022, Reserve Bank of India (‘RBI') notified that for smooth functioning of the Regional Rural Banks (‘RRBs') and to

Legislation Updates Rules & Regulations

Transaction limit of foreign contribution received from relatives has been increased from one lakh to ten lakhs vide Foreign Contribution (Regulation) Amendment Rules, 2022

On 01-07-2022, the Ministry of Home Affairs has notified the Foreign Contribution (Regulation) Amendment Rules, 2022 to further amend the Foreign Contribution

Legislation Updates Notifications

SEBI issues circular on disclosure of specified securities and holding of specified securities in dematerialized form to bring transparency to investors

On 30-06-2022, Securities and Exchange Board of India (‘SEBI’) issued a circular providing the investors in the securities market more

Legislation Updates Rules & Regulations

SIDBI modifies 10% contribution to a fixed percentage which will be decided by the Bank vide SIDBI (Defined Contributory New Pension) [Amendment] Regulations, 2022

On 21-06-2022, the Small Industries Development Bank of India notified Small Industries Development Bank of India (Defined Contributory New Pension) [Amendment] Regulations,

Legislation Updates Notifications

CBDT specifies non fungible token as virtual digital asset

The Central Government has specified a token which qualifies to be a virtual digital asset as non-fungible token within the

Legislation Updates Rules & Regulations

Insertion of Form No. 26QF to the Income tax Rules, 1962 vide Income-tax (20th Amendment) Rules, 2022

The Central Board of Direct Taxes has notified Income-tax (20th Amendment) Rules, 2022 to amend the Income-tax Rules, 1962. The amendment modifies

Legislation Updates Rules & Regulations

Formation of Project Screening Committee to screen project proposals for use of forest land vide Forest (Conservation) Rules, 2022

On 28-06-2022, Central Government notified new rules namely, “Forest (Conservation) Rules, 2022” to further carry out the protection and preservation of forests