MoF increases Gratuity Limit and Term Insurance Cover for LIC agents
On 18-9-2023, the Ministry of Finance approved a series of welfare measures for the benefit of Life Insurance Corporation of India (‘LIC’)
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Mediation Bill 2023 receives President’s assent
On 15-9-2023, the Ministry of Law and Justice notified the Mediation Act, 2023 to especially promote institutional mediation for resolution of disputes,
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Government constitutes State Benches of GST Appellate Tribunal with effect from 14-9-2023
On 14-9-2023, the Central Government, on recommendations of the Goods and Services Tax (‘GST’) Council, constitutes the State Benches of the Goods
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RBI issues Master Directions on Classification, Valuation and Operation of Investment Portfolio of Commercial Banks excluding RRBs
On 12-9-2023, the Reserve Bank of India (‘RBI’) notified the Classification, Valuation and Operation of Investment Portfolio of Commercial Banks, Directions, 2023
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RBI asks lenders to maintain additional daily balance to keep liquidity tight
On 8-9-2023, the Reserve Bank of India (‘RBI’) decides to discontinue the Incremental Cash Reserve Ration (‘I-CRR’) in a phased manner and
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SEBI notifies new format of Abridged Prospectus for Public Issue of Non-Convertible Debt Securities and/or Non-convertible Redeemable Preference Shares
On 4-9-2023, the Securities and Exchange Board of India (‘SEBI’) notified new format of Abridged Prospectus for public issues of Non-convertible Redeemable
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Principal Officer to also be a Management Level Officer vide PMLA (Maintenance of Records) Rules 2005
On 4-9-2023, the Ministry of Finance notified the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2023 to amend the Prevention
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MCA revises Forms 3 & 4 vide LLP (Second Amendment) Rules, 2023
On 1-9-2023, the Ministry of Corporate Affairs notified the Limited Liability Partnership (Second Amendment) Rules, 2023 to amend the Limited Liability Partnership
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Legislation Roundup August 2023: Read about 17+ Bills passed in Monsoon Session; Decriminalization of 183 provisions; Unauthorized recording of Films prohibited; and more
BILLS: Press and Registration of Periodicals Bill, 2023 On 1-8-2023, the Bill was introduced in Rajya Sabha by the Union Minister of
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SEBI modifies Cyber Security and Cyber Resilience Framework
On 24-8-2023, the Securities and Exchange Board of India (‘SEBI') made modifications in Cyber Security and Cyber Resilience frame for Stock Exchanges,
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Bills Passed in Monsoon Session till August 11
Forest (Conservation) Amendment Bill, 2023 to amend the Forest (Conservation) Act, 1980 On 29-3-2023, the Bill was introduced in Lok Sabha by
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Cinematograph (Amendment) Act, 2023 prohibits unauthorized recording of Films
On 4-8-2023, the Ministry of Law and Justice notified the Cinematograph (Amendment) Act, 2023 to amend the Cinematograph Act, 1952. Key Points:
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Government restricts import of laptops, tablets with effect from November 1, 2023
On 3-8-2023, the Directorate General of Foreign Trade restricted the import of Laptops, Tablets, All in one Personal Computers and Ultra small
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Rajya Sabha passes Mediation Bill, 2021
‘If you don’t want to go to litigation, the answer is mediation’, says Sudhanshu Trivedi.
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SEBI introduces Online Dispute Resolution Portal to harness disputes arising in Indian Securities Market
On 31-7-2023, the Securities and Exchange Board of India (‘SEBI') introduced a common Online Dispute Resolution Portal (‘ODR Portal') which will harness
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Legislation July Roundup 2023: 15+ Stories on Changes in GST Rates on Casino, Online Gaming etc; Introduction of IFSC Banking Company and Unit; SEBI Circulars; and more
LOK SABHA Lok Sabha passes Repealing and Amending Bill 2022 to repeal 76 obsolete laws The Repealing and Amending Bill, 2022 was
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Lok Sabha passes Jan Vishwas (Amendment of Provisions) Bill, 2022 to amend 42 Laws and decriminalize 3400 provisions
In 2022, the Jan Vishwas (Amendment of Provisions) Bill, 2022 was introduced in Lok Sabha proposing to introduce the burden of compliance
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Lok Sabha passes Repealing and Amending Bill 2022 to repeal 76 obsolete laws
The Repealing and Amending Bill, 2022 was introduced in the Lok Sabha by the then Union Law Minister, Kiren Rijiju on 19-12-2022
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Responsibilities of Manufacturer/ Refurbisher/ Recycler revised vide E-Waste (Management) Second Amendment Rules, 2023
On 25-7-2023, the Ministry of Environment, Forest and Climate Change notified the E-Waste (Management) Second Amendment Rules, 2023 to amend the E-Waste
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SEBI revises SEBI Stock Brokers Regulations 1992 exempting separate registration for participating in the tri-party repo segment
On 24-7-2023, the Securities and Exchange Board of India (‘SEBI’) notified the Securities and Exchange Board of India (Stock Brokers) (Second Amendment)
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