Legislation Roundup May 2024
Legal RoundUpLegislation Roundup

NATIONAL DAM SAFETY AUTHORITY National Dam Safety Authority lays down Guidelines and Checklist for inspection of dams On 6-5-2024, the Inspection, Instrumentation,

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Securities and Exchange Board of India
Legislation UpdatesNotifications

This Master Circular supersedes 2 previous circulars issued by SEBI.

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Securities and Exchange Board of India
Legislation UpdatesNotifications

Securities and Exchange Board of India issues master circular rescinding circulars to the extent they relate to Stock Brokers.

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Securities and Exchange Board of India
Legislation UpdatesRules & Regulations

Adjustments in pricing will also depend on effect on the price of the equity shares of the issuer due to material price movement and confirmation of reported event.

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Evaluation of Specified Dam
Legislation UpdatesNotifications

First risk assessment test of every specified dam to be carried out within 5 years from 30-12-2021.

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Destruction of Records retained in electronic form
Legislation UpdatesRules & Regulations

DHC amends Chapter 16 of Volume IV of the Delhi High Court Rules and Order.

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e-True Copy Rules
Legislation UpdatesRules & Regulations

Delhi High Court issues rule applicable to electronic applications made for obtaining e-True copy.

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Insurance Regulatory and Development Authority of India
Legislation UpdatesRules & Regulations

The regulations apply to insurers including those engaged in reinsurance business.

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Ministry of External Affairs
Legislation UpdatesRules & Regulations

The gifts received by Government functionaries from foreign sources will be kept in Toshakhana.

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Insurance Regulatory and Development Authority of India
Legislation UpdatesRules & Regulations

These regulations protect the interest of policyholders by enabling insurers to adopt good governance while designing and pricing the products.

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Securities and Exchange Board of India
Legislation UpdatesNotifications

Composite holding of such FPIs should be less than 3% of total equity share capital of apex company.

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Ministry of Electronics and Information Technology
Legislation UpdatesNotifications

Fast Check Unit to be governed by IT (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021.

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Ministry of Commerce and Industry
Legislation UpdatesRules & Regulations

Communications done under this Chapter should be in electronic form only.

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ministry of environment, forest and climate change
Legislation UpdatesRules & Regulations

Definitions of “importer”, “manufacturer” and “producer” revised.

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Ministry of Commerce and Industry
Legislation UpdatesRules & Regulations

Duplicate certificate of inventorship can be issued by Controller on conditions.

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Securities and Exchange Board of India
Legislation UpdatesRules & Regulations

SEBI increases the ambit of the definition of REIT.

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Relaxation on tax deductions
Legislation UpdatesNotifications

The provisions will come into force on 1-4-2024.

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Securities and Exchange Board of India
Legislation UpdatesRules & Regulations

Certificate of Registration will be unless cancelled or suspended by the Board.

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Ministry of Corporate Affairs
Legislation UpdatesNotifications

Value of assets and turnover increased by 150% based on the wholesale price index.

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Competition Commission of India
Legislation UpdatesRules & Regulations

CCI issues guidelines to bring transparency in method of calculating penalties.

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