Prachi Bhardwaj, Author at SCC Times

Legislation Updates Statutes/Bills/Ordinances

Every factor shall register transaction with registry under SARFAESI, vide Factoring Regulation (Amendment) Act, 2021

The Parliament passes the Factoring Regulation (Amendment) Act, 2021 on 7th August, 2021, amending the Factoring Regulation Act, 2011. Key changes enacted

Legislation Updates Rules & Regulations

Determination of income of specified funds associated with units held by NRI, notified vide Income tax Amendment (22nd Amendment), Rules, 2021

The Central Board of Direct taxes has notified the Income tax Amendment (22nd Amendment), Rules, 2021 through circular dated the 9th August,

Case Briefs Supreme Court

Explained: Explanation 3C of Section 43B of Income Tax Act, 1961 clarificatory or adds a new condition?

Supreme Court: The division bench of RF Nariman* and BR Gavai, JJ has explained the object and scope of Explanation 3C of

Legislation Updates Rules & Regulations

Indirect Foreign Investment would not constitute investments made by NRI owned Indian Entity vide Foreign Exchange Management (Non debt Instruments) (Amendment) Rules, 2021

The Ministry of Finance has notified Foreign Exchange Management (Non debt Instruments) (Amendment) Rules, 2021 on August 6, 2021. The Foreign Exchange

Hot Off The Press News

USA | California’s New Order directs all Healthcare workers to be fully vaccinated by September 30, 2021

The California Department of Public Health (CDPH) has issued a new Order for healthcare employers in California on August 5, 2021. The

Legislation Updates Rules & Regulations

Merger of SEBI (Issue and listing of Debt Securities) Regulations, 2008 and SEBI (Issue and Listing of Non-Convertible Redeemable Preference Shares) Regulations, 2013 into SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021

The Securities and Exchange Board of India has notified SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 on August 9, 2021.

Legislation Updates Statutes/Bills/Ordinances

Lok Sabha passes the Constitution (127th Amendment bill) 2021 to empower states to have their own list of Backward Classes

On August 9, 2021, Lok Sabha has passed the Constitution (127th Amendment) Bill, 2021. The 127th Amendment Bill proposes to insert three

Foreign Legislation Legislation Updates

UK | Government launches £5 million research programme strengthening UK’s resilience against climate change

UK Government has launched new 4-year research programme, ‘Climate Services for a Net Zero Resilient World’, enhancing UK’s resilience to the impacts

Legislation Updates Rules & Regulations

Regulations regarding mining leases granted to government companies notified vide Mineral Concession (Amendment) Rules, 2021

The Ministry of Coal has notified Mineral Concession (Amendment) Rules, 2021 on August 6, 2021. It amends the Mineral Concession Rules, 1960.

Foreign Legislation Legislation Updates

USA | USCIS issues guidance to eliminate barriers to U.S. Citizenship for Children Born Abroad Through Assisted Reproductive Technology

On August 5, 2021, U.S. Citizenship and Immigration Services (USCIS) has released an updated policy guidance for determining whether children born through

Legislation Updates Rules & Regulations

Asset Management Company to evaluate schemes based on risks, before investing, notified vide SEBI (Mutual Funds) (Second Amendment) Regulations, 2021

The Securities and Exchange Board of India has notified SEBI (Mutual Funds) (Second Amendment) Regulations, 2021 on August 5, 2021. They shall

Legislation Updates Statutes/Bills/Ordinances

Forms for registration, license and issuance of certificate revised vide Tea (Marketing) Control (Amendment) Order, 2021

The Ministry of Commerce and Industry has notified the Tea (Marketing) Control (Amendment) Order, 2021 on July 30, 2021. The amendment makes

Case Briefs Supreme Court

No preventive detention on ground of a possible apprehension of breach of law and order; Supreme Court explains true import of ‘public order’

Supreme Court: In a case where the detenu was accused of committing a series of criminal offences from October, 2017 to December,

Legislation Updates

Credit rating agency shall only rate securities that are listed or proposed to be listed on a stock exchange, stated vide SEBI (Credit Rating Agencies) (Amendment) Regulations, 2021

The Securities and Exchange Board of India has notified the SEBI (Credit Rating Agencies) (Amendment) Regulations, 2021 on August 3, 2021. The

Legislation Updates Rules & Regulations

Only Independent Directors to approve related party transactions vide SEBI (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2021

The Securities and Exchange Board of India has passed SEBI (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2021 on August 3,

Legislation Updates Rules & Regulations

SEBI | NRI or OCI could be constituents of applicant under SEBI (Foreign Portfolio Investors) (Amendment) Regulations, 2021

SEBI has issued Securities and Exchange Board of India (Foreign Portfolio Investors) Amendment Regulations, 2021 on August 3, 2021. The amendment makes

Legislation Updates Rules & Regulations

Battery-operated vehicles exempted from RC issue, renewal fees vide Central Motor Vehicles (Sixteenth Amendment) Rules, 2021

The Ministry of Road Transport and Highways has amended the Central Motor Vehicles Rules, 1989, notifying the Central Motor Vehicles (Sixteenth Amendment)