SEBI issues Master Circular for Commodity Derivatives Market
The Securities and Exchange Board of India has issued Master Circular No. SEBI/HO/CDMRD/DMP/P/CIR/2021/589 dated July 01, 2021, for commodity derivatives market. This
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Government approves Net Metering for Rooftop Solar Systems up to 500 kW Capacity
On June 28, 2021, the Ministry of Power has issued the Electricity (Rights of Consumers) (Amendment) Rules, 2021 to further amend the
Continue readingPresident promulgates Essential Defence Services Ordinance, 2021
On June 30, 2021, the President promulgates Essential Defence Services Ordinance, 2021 in order to provide the maintenance of essential defence services.
Continue readingTribunal, Appellate Tribunal and other Authorities (Qualifications, Experience and other Conditions of Service of Members) (Amendment) Rules, 2021
The Ministry of Finance has notified Tribunal, Appellate Tribunal and other Authorities (Qualifications, Experience and other Conditions of Service of Members) (Amendment)
Continue readingSEBI notifies relaxation in timelines for compliance with regulatory requirements
The Securities and Exchange Board of India has issued circular dated 30.06.2021 vide which the timelines for various regulatory compliances by the
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Covid 19 | Cabinet approves Loan Guarantee and Emergency Credit Line Schemes for Covid Affected sectors
The Union Cabinet vide Press Release dated June 30,2021 has announced the approval of Loan Guarantee Scheme for Covid Affected Sectors (LGSCAS)
Continue readingMerchant Shipping (Maritime Labour) Amendment Rules, 2021
The Central Government in exercise of the powers conferred by section 218A read with section 457 of the Merchant Shipping Act, 1958
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New York | Biometric Law to come into force in July
New York City had passed Biometric Identifier Information Law which comes into effect on July 9, 2021. Key features of the law
Continue readingCentral Government declares State of Nagaland to be ‘disturbed area’ for a period of 6 months
On June 30, 2020, the Central Government in exercise of the powers conferred by Section 3 of the Armed Forces (Special Powers)
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Labour Law | Minimum Wages across the World
The minimum wages across the world are mentioned below: S.no. Countries Minimum Wages 1 United Kingdom Age 23 and over –
Continue readingRBI issues guidelines on declaration of dividends by NBFCs
The Reserve Bank of India has issued circular dated June 24, 2021 prescribing the guidelines on distribution of dividend by NBFC’s. The
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Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021
On June 25, 2021, the Reserve Bank of India (RBI) has issued the RBI (Call, notice, and term money markets) Directions, 2021.
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Tripura Government revises Variable Dearness Allowance (VDA)
On June 21, 2021, the Labour Department (Tripura) has issued a notification on revision of Variable Dearness Allowance (VDA) on the basis
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Scotland | New sentencing guidelines introduced
The Scottish Sentencing Council (“SSC”) has announced new guidelines setting out the process for all sentencing decisions in Scotland. The guidelines are
Continue readingSEBI | Circular on Prudential norms for liquidity risk management for open ended debt schemes
The Securities and Exchange Board of India issued a circular on prudential norms for liquidity risk management for open ended debt schemes
Continue readingUS | Facial Recognition and Biometric Technology Moratorium Act, 2020
US lawmakers have introduced Facial Recognition and Biometric Technology Moratorium Act of 2020 in the Senate on June 25, 2021. It has
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Connecticut | New laws on Labour and Workplace
The Connecticut General Assembly passed several laws during the 2021 regular session regulating labor and the workplace. The few laws passed by
Continue readingAmendment to SEBI (Alternative Investment Funds) Regulations, 2012
The Securities and Exchange Board of India has amended the SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”), which were notified on
Continue readingSettlement of Running Account of Client’s Funds lying with Trading Member (TM)
SEBI has issued clarification regarding settlement of running account of client’s funds lying with Trading Member (TM) vide circular dated June 16,
Continue readingMines and Minerals (Contribution to District Mineral Foundation) Amendment Rules, 2021
The Ministry of Mines has notified Mines and Minerals (Contribution to District Mineral Foundation) Amendment Rules, 2021 on June 25, 2021, further,
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