Bill increasing jurisdiction of City Civil Court up to ₹10 crore receives President’s assent
On 20-11-2023, the Bombay City Civil Court (Amendment) Act, 2023 has received the assent of President in order to amend the Bombay
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Delhi Government notifies Scheme for Premium Buses
On 20-11-2023, the Delhi Government notified the Delhi Motor Vehicles Licensing of Aggregator (Premium Buses) Scheme, 2023 applicable to all premium buses
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MCA notifies Rules for Significant Beneficial Owners & their Declaration to reporting LLPs
On 9-11-2023, the Ministry of Corporate Affairs notified the Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023 mandating every Limited Liability Partnership
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SEBI introduces “Most Important Terms and Conditions” to formalize broker-client relationship
On 13-11-2023, the Securities and Exchange Board of India (‘SEBI’) revised the Master Circular dated 17-5-2023 introducing a standard “Most Important Terms
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Hybrid Working outside SEZ permitted until 31-12-2024 vide Special Economic Zones (Fourth Amendment) Rules, 2023
On 7-11-2023, the Ministry of Commerce and Industry notified the Special Economic Zones (Fourth Amendment) Rules, 2023 to amend the Special Economic
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Govt notifies CMV (Ninth Amendment) Rules, 2023 categorizing vehicles which will comply with requirements of Rule 124
On 7-11-2023, the Ministry of Road Transport and Highways notified the Central Motor Vehicles (Ninth Amendment) Rules, 2023 to amend the Central
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Delhi Govt orders to invoke all actions envisaged under Stage-III of GRAP ‘Severe’ Air Quality with immediate effect
On 2-11-2023, the Government of NCT Delhi, Transport Department ordered to invoke all actions envisaged under Stage-III of the Graded Response Action
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MCA mandates every company to designate a person to be responsible to Registrar
On 27-10-2023, the Ministry of Corporate Affairs notified the Companies (Management and Administration) Second Amendment Rules, 2023 to amend the Companies (Management
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MoEF revises definition of ‘Carry Bags’ to include Biodegradable Plastic bags
On 30-10-2023, the Ministry of Environment, Forest and Climate Change notified the Plastic Waste Management (Second Amendment) Rules, 2023 to amend the
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Legislation Roundup October 2023: Amnesty Scheme for taxpayers; Approval of 4% hike in DA and DR; Green Credit Rules; and more
UNION CABINET Cabinet approves 4% hike in DA and DR w.e.f. from 1-7-2023 On 18-10-2023, the Union Cabinet has approved a 4%
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SEBI bans ‘Baap of Chart’ owner from securities market; Imposes penalty of Rs. 17.2 crores
Securities and Exchange Board of India: In the instant matter, Mohammad Nasiruddin Ansari was alleged to have induced / influenced investors to
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MCA mandates to maintain Register of Partners vide LLP (Third Amendment) Rules, 2023
On 27-10-2023, the Ministry of Corporate Affairs notified the Limited Liability Partnership (Third Amendment) Rules, 2023 to amend the Limited Liability Partnership
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Private companies excluding small companies to issue securities only in dematerialised form
On 27-10-2023, the Ministry of Corporate Affairs notified the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023 to amend the
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MoEF revises responsibility of Producer vide Battery Waste Management (Amendment) Rules, 2023
On 25-10-2023, the Ministry of Environment, Forest and Climate Change notified the Battery Waste Management (Amendment) Rules, 2023 to amend the Battery
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Banks are required to have at least 2 Whole Time Directors on Board: RBI
On 25-10-2023, the Reserve Bank of India (‘RBI’) directed all the Private Sector Banks and Wholly Owned Subsidiaries of Foreign Banks to
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SEBI enhances scope of Utilisation of Investor Protection and Education Fund
On 20-10-2023, Securities and Exchange Board of India (‘SEBI’) notified the SEBI (Investor Protection and Education Fund) (Second Amendment) Regulations, 2023 to
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MCA allows Shifting of Registered Office under certain circumstances
On 20-10-2023, the Ministry of Corporate Affairs notified the Companies (Incorporation) Third Amendment Rules, 2023 to amend the Companies (Incorporation) Rules, 2014.
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Cabinet approves 4% hike in DA and DR w.e.f. from 1-7-2023
On 18-10-2023, the Union Cabinet has approved a 4% hike in Dearness Allowance (‘DA’) for Central Government employees and Dearness Relief (‘DR’)
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SEBI makes stringent provisions on Money Laundering and Terrorist Financing in accordance with PML (Maintenance of Records) Rules 2005
On 13-10-2023, the Securities and Exchange Board of India (‘SEBI’) notified amendments in its Master Circular dated 3-2-2023 on Guidelines on Anti-Money
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Centre notifies Green Credit Rules, 2023 to promote Green Credit Programme
Ministry of Environment, Forest and Climate Change notified the Green Credit Rules, 2023 to leverage a competitive market-based approach for green credit for incentivizing environmental actions of various stakeholders.
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