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Legislation Updates

SEBI
Legislation UpdatesNotifications

REIT and InvIT timelines reduced vide Reduction of timelines for listing of units of Infrastructure Investment Trust (InvIT)/ Real Estate Investment Trust (REIT)

On 28th April, 2022, Securities and Exchange Board of India (SEBI) issued circulars namely, Reduction of timelines for listing of units of

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Published on May 2, 2022May 4, 2022By Editor
Leave a comment1956 views
Legislation UpdatesNotifications

Regulating NBFCs’ Nomination and Remuneration Committees via Guidelines on Compensation of Key Managerial Personnel (KMP) and Senior Management in NBFCs

On 29th April 2022, Reserve Bank of India (RBI), issued guidelines on Key Managerial Personnel (KMP) and Senior Management in NBFCs. These

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Published on April 30, 2022April 30, 2022By Editor
1 Comment2258 views
Legislation UpdatesNotifications

RBI introduces Master Directions – RBI (Credit Card and Debit Card-Issuance and Conduct) Directions, 2022

On 21st April, 2022, Reserve Bank of India issued Master Directions– RBI (Credit Card and Debit Card- Issuance and Conduct) Directions, 2022.

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Published on April 30, 2022April 30, 2022By Editor
Leave a comment3703 views
Foreign LegislationLegislation Updates

Croatia | Whistleblower Protection Act comes into force

On 23rd April, 2022 the new Croatia Whistleblower Law came into force. The aim of the law is to protect the whistleblowers

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Published on April 30, 2022April 30, 2022By Editor
Leave a comment2535 views
CBDT
Legislation UpdatesRules & Regulations

CBDT notifies manner for filing updated return of income and Form ITR-U vide Income-tax (Eleventh Amendment) Rules, 2022

On April 29, 2022, the Central Board of Direct Taxes (CBDT) has issued the Income-tax (Eleventh Amendment) Rules, 2022 to amend the

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Published on April 30, 2022April 30, 2022By Bhumika Indulia
Leave a comment2609 views
Cabinet DecisionsLegislation Updates

Cabinet approves signing of the MoU between India and Chile for cooperation in Disability Sector

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today has approved the signing of the Memorandum of Understanding between

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Published on April 29, 2022April 29, 2022By Bhumika Indulia
Leave a comment2474 views
Legislation UpdatesNotifications

IFSCA issues framework for FinTech entity in IFSCs

The International Financial Services Centres Authority (IFSCA) has issued a detailed “Framework for FinTech Entity in the IFSCs” in order to develop

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Published on April 29, 2022April 29, 2022By Bhumika Indulia
Leave a comment2003 views
Legislation UpdatesRules & Regulations

Merchant Shipping (Recruitment and Placement of Seafarers) Amendment Rules, 2022

The Central Government notified Merchant Shipping (Recruitment and Placement of Seafarers) Amendment Rules, 2022 to amend the Merchant Shipping (Recruitment and Placement

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Published on April 28, 2022April 28, 2022By Bhumika Indulia
Leave a comment2251 views
Legislation UpdatesNotifications

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

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Published on April 27, 2022April 27, 2022By Bhumika Indulia
Leave a comment2161 views
Legislation UpdatesRules & Regulations

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

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Published on April 27, 2022April 27, 2022By Bhumika Indulia
1 Comment1926 views
Legislation UpdatesRules & Regulations

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

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Published on April 26, 2022April 26, 2022By Bhumika Indulia
Leave a comment2937 views
Legislation UpdatesRules & Regulations

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

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Published on April 26, 2022April 26, 2022By Bhumika Indulia
Leave a comment2013 views
Legislation UpdatesRules & Regulations

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

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Published on April 25, 2022April 25, 2022By Bhumika Indulia
Leave a comment2630 views
Legislation UpdatesRules & Regulations

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

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Published on April 22, 2022April 22, 2022By Editor
Leave a comment3176 views
Foreign LegislationLegislation Updates

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

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Published on April 21, 2022April 22, 2022By Editor
Leave a comment2408 views
Legislation UpdatesNotifications

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

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Published on April 21, 2022April 21, 2022By Bhumika Indulia
Leave a comment3511 views
Legislation UpdatesNotifications

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

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Published on April 20, 2022April 20, 2022By Bhumika Indulia
Leave a comment2497 views
Legislation UpdatesRules & Regulations

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

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Published on April 20, 2022April 20, 2022By Bhumika Indulia
Leave a comment4164 views
Legislation UpdatesStatutes/Bills/Ordinances

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

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Published on April 19, 2022April 19, 2022By Editor
Leave a comment2515 views
Legislation UpdatesNotifications

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

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Published on April 19, 2022April 19, 2022By Bhumika Indulia
Leave a comment2315 views

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