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Legislation Updates

Legislation UpdatesRules & Regulations

Amendment of Rules 10 DA & 10 DB regarding furnishing of information & maintenance of documents by Constituent Entity of an international group

G.S.R. 14(E).—In exercise of the powers conferred by sub-section (1) and sub-section (4) of section 92D and sub-section (8) of section 286

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Published on January 10, 2020January 10, 2020By Bhumika Indulia
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Legislation UpdatesNotifications

Operating Guidelines for Investment Advisers in International Financial Services Centre

1. SEBI has issued SEBI (International Financial Services Centres) Guidelines, 2015 (hereinafter referred to as ‘IFSC Guidelines’) on March 27, 2015, for

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Published on January 10, 2020January 10, 2020By Bhumika Indulia
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Cabinet DecisionsLegislation Updates

MoU between India & United Kingdom for Enabling Energy Self Sufficiency for Indian Railways — Approved by Cabinet

Union Cabinet has given its approval forsigning a Memorandum of Understanding (MoU) with the Department for International Development (Government of United Kingdom)

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Published on January 9, 2020January 9, 2020By Bhumika Indulia
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Cabinet DecisionsLegislation Updates

IP based Video Surveillance System being installed by Indian Railways at railway stations to enhance security

Railway Board has approved works for provision of Video Surveillance System covering 983 stations under Nirbhaya funds In order to enhance security

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Published on January 9, 2020January 10, 2020By Bhumika Indulia
1 Comment3678 views
Cabinet DecisionsLegislation Updates

Ratification of Migration & Mobility Partnership Agreement between India & France — Cabinet Approves

Union Cabinet has given its approval for the ratification of Migration and Mobility Partnership Agreement between India and France. The Agreement was

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Published on January 9, 2020January 9, 2020By Bhumika Indulia
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Legislation UpdatesNotifications

MHA issues Revised Guidelines for Mutual Legal Assistance in Criminal Matters

In furtherance to the Government of India’s policy of zero tolerance for crime and in an endeavor to fast track the dispensation

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Published on January 9, 2020January 9, 2020By Bhumika Indulia
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Cabinet DecisionsLegislation Updates

Cabinet approves strategic disinvestment of equity shareholding of MMTC Ltd., NMDC Ltd., MECON & BHEL in Neelachal Ispat Nigam Ltd. a JV Company with two Govt. of Odisha State PSUs

The Cabinet Committee on Economic Affairs has given ‘in principle’ approval for strategic disinvestment of equity shareholding of Minerals & Metals Trading

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Published on January 9, 2020January 9, 2020By Bhumika Indulia
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Cabinet DecisionsLegislation Updates

Cabinet | Exploration & Uses of Outer Space for Peaceful & Civilian Purposes — Agreement between India & Mongolia on Cooperation

The Union Cabinet has given its approval for an Agreement between Government of the Republic of India and Government of Mongolia on

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Published on January 8, 2020January 8, 2020By Bhumika Indulia
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Cabinet DecisionsLegislation Updates

Cabinet apprises of information about — Amendments to Motor Vehicles (Amendment) Bill, 2019

The Union Cabinet has been apprised of information about the amendments moved to the Motor Vehicles (Amendment) Bill, 2019 as passed by

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Published on January 8, 2020January 9, 2020By Bhumika Indulia
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Legislation UpdatesNotifications

Trading beyond onshore market hours in foreign exchange permitted — RBI

Risk Management and Inter-bank Dealings- Permitting AD Cat-I banks to voluntarily undertake user and Inter-Bank transactions beyond onshore market hours As announced

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Published on January 8, 2020January 10, 2020By Bhumika Indulia
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Legislation UpdatesRules & Regulations

IBBI notifies — Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2020

The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2020 on

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Published on January 7, 2020January 8, 2020By Bhumika Indulia
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Legislation UpdatesRules & Regulations

Private Companies with paid up share capital of Rs 10 crores or more to mandatorily have a whole-time company secretary

Ministry of Corporate Affairs notified the amended Companies (Appointment and Remuneration of Managerial Personnel) Rules i.e. the Companies (Appointment and Remuneration of

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Published on January 6, 2020January 6, 2020By Bhumika Indulia
Leave a comment6206 views
Legislation UpdatesRules & Regulations

To prevent prices of a-la-carte channels from becoming illusionary, TRAI laid down conditions; For Multi-TV home, 40% of declared NCF

In view, the implementation of Digital Addressable Systems (DAS) and to enable the sector to realize its benefits, the Telecom Regulatory Authority

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Published on January 4, 2020January 4, 2020By Bhumika Indulia
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Legislation UpdatesNotifications

Amendments made to — Guidelines pertaining to “Core Settlement Guarantee Fund” & “Default Waterfall for Clearing Corporations”

SEBI vide its Circular no. CIR/MRD/DRMNP/25/2014 dated August 27, 2014, has, inter alia, specified guidelines pertaining to Core Settlement Guarantee Fund and

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Published on January 4, 2020January 5, 2020By Bhumika Indulia
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Legislation UpdatesRules & Regulations

Guidelines on Migration and Portability of health insurance policies — IRDAI

Reference is invited to Regulation 17(iv) and clause 16 of Schedule I of IRDAI (Health Insurance) Regulations 2016. In terms thereof, the

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Published on January 4, 2020January 27, 2020By Bhumika Indulia
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Legislation UpdatesNotifications

IRDAI | Modification guidelines on standardization in health insurance 

Reference is invited to Chapter – I of Guidelines on Standardization in Health Insurance issued vide Ref: IRDA/HLT/REG/CIR/146/07/2016 dated 29th July, 2016, where

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Published on January 3, 2020January 3, 2020By Bhumika Indulia
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Legislation UpdatesNotifications

Public consultation on proposal for amendment of Income-tax Rules 1962, to insert new Rule 29BA and Form 15E, to give effect to the amendment in S. 195 of Income-tax Act, 1961

Section 195 of the Act relates to levy of tax deduction at source (TOS) on any sum chargeable to tax and which

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Published on January 2, 2020January 2, 2020By Bhumika Indulia
Leave a comment1874 views
Legislation UpdatesNotifications

CBDT extends the PAN-Aadhaar Linking due date to 31-03-2020

In exercise of the powers conferred under sub-section (2) of section 139AA of the Income-tax Act, 1961 (‘Act’) (43 of 1961), the

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Published on December 31, 2019December 31, 2019By Bhumika Indulia
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Legislation UpdatesNotifications

Clarifications in respect of prescribed electronic modes under S. 269SU of Income-tax Act, 1961

In furtherance to the declared policy objective of the Government to encourage digital economy and move towards a less-cash economy, a new

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Published on December 31, 2019December 31, 2019By Bhumika Indulia
1 Comment3599 views
Legislation UpdatesRules & Regulations

Income-tax (16th Amendment) Rules, 2019; CBDT notifies modes of payment for S. 269SU of IT Act, 1961

G.S.R. 960(E).—In exercise of the powers conferred by Section 269SU read with Section 295 of the Income-tax Act, 1961 (43 of 1961),

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Published on December 31, 2019December 31, 2019By Bhumika Indulia
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