RBI 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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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 readingFramework for Investment Advisers under SEBI (Investment Advisers) Regulations, 2013
The Securities and Exchange Board of India prescribes the framework for administration and supervision of Investment Advisers under the SEBI (Investment Advisers)
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Companies (Accounting Standards) Rules, 2021
The Ministry of Corporate Affairs has notified the Companies (Accounting Standards) Rules, 2021 on June 23, 2021. The Accounting Standards shall come
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Ireland | New legislation to implement a Circular Economy
The Ireland’s Department of Environment, Climate and Communications has issued a press release dated June 15, 2021, stating the approval of the
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US Department of Labor announces proposed Rule for protection of Tipped Workers
The U.S. Department of Labor announced a Notice of Proposed Rulemaking on June 21, 2021, in order to limit the amount of
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Companies (Creation and Maintenance of databank of Independent Directors) Amendment Rules, 2021
The Central Government makes the Companies (Creation and Maintenance of databank of Independent Directors) Amendment Rules, 2021 further to amend the Companies
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U.S. Citizenship and Immigration Services updates Policy to Improve Legal Immigration Processes
The U.S. Citizenship and Immigration Services (USCIS) has issued policy updates on June 9, 2021 to be included in their Policy Manual
Continue readingCable Television Networks (Amendment) Rules, 2021 comes into force
The Ministry of Information and Broadcasting has notified Cable Television Networks (Amendment) Rules, 2021 on June 17, 2021. The Cable Television Networks
Continue readingUK | Eviction protection extended for businesses in need
The Government of UK has notified protection from eviction for businesses in need via Press Release dated June 16, 2021. The government
Continue readingHimachal Pradesh Motor Vehicles (Amendment) Rules, 2021
The Government of Himachal Pradesh has notified the Himachal Pradesh Motor Vehicles (Amendment) Rules, 2021 on 15.06.2021. The Himachal Pradesh Motor Vehicles
Continue readingMinerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession (Third Amendment) Rules, 2021
The Ministry of Law and Justice has notified Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession (Third Amendment) Rules, 2021.
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Goa Excise Duty (Amendment) Rules, 2021, passed
The Government of Goa has passed the Goa Excise Duty (Amendment) Rules, 2021. The Goa Excise Duty (Amendment) Rules, 2021 amends the
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Telecommunication (Broadcasting and Cable) Services Interconnection (Addressable Systems) (Third Amendment) Regulations, 2021
The Telecom Regulatory Authority of India has passed Telecommunication (Broadcasting and Cable) Services Interconnection (Addressable Systems) (Third Amendment) Regulations, 2021 on June
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Chhattisgarh Electricity Duty (Sanshodhan) Act, 2021 comes into force
The Government of Chhattisgarh has passed the Chhattisgarh Electricity Duty (Sanshodhan) Act, 2021 on June 2, 2021. It further amends the Chhattisgarh
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