Section 12 of Competition (Amendment) Act, 2023 comes into force with effect from 18-7-2023
On 18-7-2023, the Ministry of Corporate Affairs appointed 18-7-2023 as the date on which the provision of Section 12 of the Competition
Continue reading
Govt regularizes incineration of Wild Animals Articles, trophy, uncured trophy and meat derived
On 12-7-2023, the Ministry of Environment, Forest and Climate Change notified the Wild Life Disposal of Wild Animal Article Rules, 2023 to
Continue reading
[GST Council 50th Meeting] Uniform 28% GST levied on Casino, Race Course and Online Gaming
On 11-7-2023, the Goods and Services Tax (‘GST’) Council in its 50th Meeting recommended changing GST tax rates, discussed measures for facilitation
Continue reading
IFSC introduces definitions of IFSC Banking Company and IFSC Banking Unit
On 7-7-2023, the International Financial Services Centres Authority (‘IFSCA’) notified the International Financial Services Centres Authority (Banking) (Amendment) Regulations, 2023 to amend
Continue reading
[Adani-Hindenburg Report] SEBI expert committee submits a 41 page-affidavit before the Supreme Court
The Supreme Court asks the chairperson and capital market regulator of the SEBI to thoroughly and specifically investigate any violation.
Continue reading
SEBI amends Guidelines on “Pricing of Units” for Preferential Issue & Institutional Placement by REIT and InvIT
On 5-7-2023, the Securities and Exchange of India (‘SEBI') notified amendments to Guidelines for Preferential Issue and Institutional Placement of Units by
Continue reading
Govt lays down various Procedures relating to import/ export/ procurement of Domestic Tariff Area of Ship by a Unit in IFSC
On 5-7-2023, the Ministry of Commerce and Industry notified the Special Economic Zones (Third Amendment) Rules, 2023 to amend the Special Economic
Continue reading
Mah Govt announces additional Allowances and Post-Retirement Benefits to Retired Bombay High Court Judges
On 4-7-2023, the Maharashtra Government announced post- retirement benefits and allowances for housekeeping, chauffeur and telephone expenses to the retired Bombay High
Continue reading
MoP streamlines Requirements of Captive Generating Plant vide Electricity (Amendment) Rules, 2023
On 30-6-2023, the Ministry of Power notified the Electricity (Amendment) Rules, 2023 to amend the Electricity Rules, 2005. The provisions came into
Continue reading
MoF mandates prior approval of RBI to Use International Credit Card overseas for making transactions covered under Schedule III
On 30-6-2023, the Ministry of Finance further amended the Foreign Exchange Management (Current Account Transactions) Rules, 2000. It will be deemed to
Continue reading
LEGISLATION JUNE 2023 ROUNDUP: 20+ Stories on Law Commission Report on Sedition Law and Adverse Possession; Females enrolling under Agniveer Scheme; and more
This roundup contains stories on Law Commission Report on Sedition Law and Adverse Possession; Females enrolling under Agniveer Scheme; e-Appeals Scheme; revised forms relating to Advanced Rulings; Penalty on Axis bank and many more.
Continue reading
Govt forms National Steering Committee to govern Carbon Market vide Carbon Credit Trading Scheme, 2023
On 28-6-2023, the Ministry of Power notified the Carbon Credit Trading Scheme, 2023 whereby the governance of Indian Carbon Market and direct
Continue reading
SEBI lays down Obligations of Asset Management company vide Mutual Funds Regulations, 2023
On 27-6-2023, the Securities and Exchange Board of India (‘SEBI’) notified the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations,
Continue reading
RBI imposes penalty of Rs. 30 Lakhs on Axis Bank Ltd. for wrongly levying penal charges on its credit card holders on account of late payment
On 23-6-2023, the Reserve Bank of India (‘RBI’) imposed a penalty of Rs. 30 lakhs on Axis Bank Ltd. for non-compliance with
Continue reading
MP Govt mandates 3 years of continuous practice or 70% marks in bachelor’s degree for recruitment in Judicial Service (Civil Judge Entry Level) cadre
On 23-6-2023, the Governor of Madhya Pradesh, in consultation with the High Court of Madhya Pradesh, made amendments in the Madhya Pradesh
Continue reading
CBDT introduces Form No. 10-IEA for Application for exercise of option vide Income-tax (Tenth Amendment) Rules, 2023
On 21-6-2023, the Ministry of Finance notified the Income-tax (Tenth Amendment) Rules, 2023 to amend the Income-tax Rules, 1962. Key Points: Rule
Continue reading
Principal Entity to sell goods through network of sellers
On 21-6-2023, the Ministry of Consumer Affairs, Food and Public Distribution notified the Consumer Protection (Direct Selling) (Amendment) Rules, 2023 to amend
Continue reading
Punjab Govt allows Establishments to keep open throughout the year on fulfilling certain conditions
On 2-6-2023, the Government of Punjab issued a notification permitting all the establishments registered under the Punjab Shops and Commercial Establishments Act,
Continue reading
[Uniform Civil Code] 22nd Law Commission decides to solicit views of public/ religious organizations
On 14-6-2023, the 22nd Law Commission of India decided to solicit views and ideas of the public and recognized religious organizations about
Continue reading
MoF notifies Sovereign Gold Bond Scheme 2023-24; distinct Series will be indicated on Bond issued
On 14-6-2023, the Ministry of Finance notified the Sovereign Gold Bond Scheme 2023-24 having distinct Series which will be indicated on the
Continue reading