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Legislation Updates

Legislation UpdatesRules & Regulations

Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2021

On June 01, 20201, the Insolvency and Bankruptcy Board of India (IBBI) issued the Insolvency Professionals to act as Interim Resolution Professionals,

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Published on June 4, 2021By Bhumika Indulia
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Foreign LegislationLegislation Updates

Germany | IT Security Act 2.0 passed by Government

The Federal President of Germany passed the Information Technology Security Act 2.0 on May 27, 2021. The IT Security Act 2.0 has

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Published on June 3, 2021July 30, 2021By Editor
Leave a comment4057 views
Legislation Updates

Labour Law | USA Minimum Wages

The brief discusses minimum wages of Federal and State Level of USA.   USA Minimum Wage 2021 States 2021 Federal $7.25 Alaska

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Published on June 3, 2021By Bhumika Indulia
Leave a comment3445 views
Legislation UpdatesNotifications

SEBI issues circular easing compliance with requirements pertaining to AIFs and VCFs

SEBI has issued circular dated 31.05.2021 after considering the representation from Alternative Investment Funds (AIF) Industry, requesting extension of timelines for various

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Published on June 3, 2021By Editor
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Legislation UpdatesNotifications

SEBI issues circular regulating ‘Off-market’ transfer of securities by FPI

Securities and Exchange Board of India issued guidelines vide circular dated 01.06.2021, for relocation of foreign funds to the International Financial Services

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Published on June 2, 2021June 2, 2021By Editor
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Legislation UpdatesNotifications

RBI releases Investment limit by FPI in Government Securities

The Reserve Bank of India has issued a circular dated 31.05.2021 notifying the Investment Limits by Foreign Portfolio Investors (FPI) for FY

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Published on June 2, 2021By Editor
Leave a comment2236 views
Legislation UpdatesNotifications

Section 112 of Finance Act, 2021, which amends the provision relating to interest for delayed GST payments comes into force

The Central Government in exercise of the powers conferred by section 1 (1) of the Finance Act, 2021 (13 of 2021) appoints

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Published on June 2, 2021By Bhumika Indulia
Leave a comment7444 views
Legislation UpdatesNotifications

RBI issues Customer Due Diligence for transactions in Virtual Currencies (VC)

The Reserve Bank of India has issued Circular dated 31.05.2021 providing a clarification regarding transactions in Virtual Currencies (VC). Following clarifications are

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Published on June 1, 2021June 1, 2021By Editor
Leave a comment3103 views
Foreign LegislationLegislation Updates

EU Medical Devices Regulation (MDR) comes into force

On May 26, 2021 the EU Medical Devices Regulation (MDR) entered into effect after a four-year transitional period. The Regulation introduces various

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Published on June 1, 2021December 30, 2021By Bhumika Indulia
Leave a comment2386 views
Foreign LegislationLegislation Updates

Georgia | New Campaign Finance Law signed by Governor

Georgia has signed a new law, SB 221, that radically changes how a few select officeholders or party nominees raise money for

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Published on May 31, 2021July 30, 2021By Editor
Leave a comment1692 views
Legislation UpdatesRules & Regulations

Foreign Exchange Management (Borrowing and Lending) (Amendment) Regulations, 2021 comes into force

Reserve Bank of India has notified Foreign Exchange Management (Borrowing and Lending) (Amendment) Regulations, 2021 vide notification dated May 24, 2021. The

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Published on May 31, 2021By Editor
Leave a comment3388 views
Foreign LegislationLegislation Updates

USA | Alabama legalizes Medical Marijuana

On May 17, 2021, Governor Kay Ivey signed SB 46 into law (known as the “Darren Wesley ‘Ato’ Hall Compassion Act”) makes

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Published on May 28, 2021July 30, 2021By Bhumika Indulia
1 Comment2606 views
Legislation UpdatesRules & Regulations

Department of Revenue Appraiser Recruitment Rules, 2021

On May 27, 2021, the President makes Department of Revenue Appraiser Recruitment Rules, 2021 for regulating the method of recruitment to the

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Published on May 28, 2021By Bhumika Indulia
Leave a comment3259 views
Foreign LegislationLegislation Updates

Australia | Public Health Amendment (Safe Access Zones) Bill 2021- Safe and private access to abortion services, reintroduced to Parliament

The Government has reintroduced Public Health Amendment (Safe Access Zones) Bill 2021 to Parliament on May 26, 2021. The legislation seeks to

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Published on May 28, 2021July 30, 2021By Editor
Leave a comment2308 views
Legislation UpdatesRules & Regulations

U.S. Patent and Trademark Office proposes Rule-making to implement Provisions of the Trademark Modernization Act of 2020

On 18 May 2021, the U.S. Patent and Trademark Office (USPTO) published a notice of proposed rule-making concerning the Trademark Modernization Act

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Published on May 27, 2021May 27, 2021By Bhumika Indulia
1 Comment2215 views
Legislation UpdatesNotifications

Overseas investment by Alternative Investment Funds (AIFs)/ Venture Capital Funds (VCF) enhanced

SEBI has issued a circular dated May 21, 2021 in consultation with the Reserve Bank of India to protect the interests of

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Published on May 26, 2021By Editor
Leave a comment2368 views
Legislation UpdatesRules & Regulations

Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021

The Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 was notified by the Ministry of Electronics and Information Technology

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Published on May 26, 2021May 26, 2021By Bhumika Indulia
3 Comments12368 views
Legislation UpdatesRules & Regulations

Pension Fund Regulatory and Development Authority (Pension Fund) (Fifth Amendment) Regulations, 2021

The Pension Fund Regulatory and Development Authority makes the Pension Fund Regulatory and Development Authority (Pension Fund) (Fifth Amendment) Regulations, 2021 to

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Published on May 26, 2021May 26, 2021By Bhumika Indulia
Leave a comment2146 views
Foreign LegislationLegislation Updates

Florida | Governor approves bill prohibiting social media platform from willfully deplatforming a candidate for political office

On May 24, 2021, the Governor of Florida has approved Bill No. SB 7072- Social Media Platforms that gives the state, the

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Published on May 25, 2021July 30, 2021By Editor
Leave a comment2262 views
Legislation UpdatesNotifications

CBDT notifies computation of Fair Market Value of Capital Assets under Income Tax (16th Amendment) Rules, 2021

The Central Board of Direct Taxes vide Notification No. 68/2021 dated 24.05.2021 has notified Income tax (16th Amendment) Rules, 2021 to further

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Published on May 25, 2021May 25, 2021By Editor
Leave a comment4085 views

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