Toshakhana Rules 2024, notified; Applicable on the gifts received by the Government functionaries from foreign sources
The gifts received by Government functionaries from foreign sources will be kept in Toshakhana.
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IRDAI (Insurance Products) Regulations, 2024
These regulations protect the interest of policyholders by enabling insurers to adopt good governance while designing and pricing the products.
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SEBI relaxes mandate of additional disclosures for FPIs having more than 50% of its Indian equity AUM in a corporate group
Composite holding of such FPIs should be less than 3% of total equity share capital of apex company.
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Govt. notifies ‘Fact Check Unit’ under PIB of Ministry of Information and Broadcasting
Fast Check Unit to be governed by IT (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021.
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Chapter relating to Adjudication of Penalties and Appeals introduced vide Patents (Second Amendment) Rules, 2024
Communications done under this Chapter should be in electronic form only.
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Delhi High Court amends Rules for Designation of Senior Advocates
The rules shall be called the High Court of Delhi Designation of Senior Advocate Rules, 2024.
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EU adopts Artificial Intelligence Act which lays down harmonised rules to regulate AI
In a pioneering step, the European Parliament on 13-03-2024, adopted 459-pages long Regulation drafted to ensure safety, compliance with fundamental rights and boost innovation.
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MOEF revises provisions relating to plastic packaging and commodities made from compostable plastics or biodegradable plastics
Definitions of “importer”, “manufacturer” and “producer” revised.
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Provision for Grace Period and Certificate of Inventorship introduced vide Patent (Amendment) Rules, 2024
Duplicate certificate of inventorship can be issued by Controller on conditions.
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SEBI introduces Small and Medium REITS vide SEBI (REIT) (Amendment) Regulations, 2024
SEBI increases the ambit of the definition of REIT.
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CBDT exempts TDS for IFSC Units
The provisions will come into force on 1-4-2024.
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Committee Report recommends Digital Competition Act with ex-ante measures
The Committee compared traditional markets with digital markets to hint towards the threshold for intervention, and also looked into prevailing trends in other countries.
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SEBI mandates Registration of Index Providers vide SEBI (Index Providers) Regulations, 2024
Certificate of Registration will be unless cancelled or suspended by the Board.
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MCA enhances existing threshold value of assets and turnover for purpose of combination filing
Value of assets and turnover increased by 150% based on the wholesale price index.
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Citizenship (Amendment) Rules, 2024, notified
The Citizenship (Amendment) Act, 2019 (‘CAA’) received the President’s assent on 12-12-2019 and came into force on 10-01-2020.
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CCI notifies Competition Commission of India (Determination of Monetary Penalty) Guidelines, 2024
CCI issues guidelines to bring transparency in method of calculating penalties.
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MeitY issues advisory on Misinformation and Deepfake mandating unique metadata
Advisory mandates to label a permanent unique metadata on every work to identify the source and creator in case of misinformation and deepfake.
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Right to Abortion | French Senate votes in favour of enshrining Freedom of Women to Voluntarily Terminate Pregnancy in the French Constitution
The aim to enshrine the right to abortion in the French Constitution which gained impetus after SCOTUS overruled Roe v. Wade in 2022 was finally fulfilled with 780 MPs favouring the inclusion.
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PFRDA decreases turnaround time for grievance redressal to 21 days
On expiration of turnaround time, complainant can file appeal with the Ombudsman.
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Ministry of Power reduces maximum time limit for granting new connections and modifying existing connections
Separate connection can be provided by Distribution Licensee for charging of Electric Vehicles.
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