RBI streamlines guidelines for ARC – borrower settlements
Borrowers with dues of more than Rs. 1 crore can settle their amount only after IACs evaluation.
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IRDAI notifies Regulatory Sandbox Regulations, 2025 repealing the 2019 regulations
No relaxations will be granted in respect of compliance with Insurance Act, 1938 and IRDAI Act, 1999.
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MoEF notifies Rules for End-of-Life Vehicles to minimize waste and pollution
Any vehicle which becomes an End-of-Life vehicle cannot be kept for more than 180 days.
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Govt. notifies rules to regulate exploration and production of mineral resources
These rules are applicable to all minerals in the offshore areas except mineral oils and hydrocarbons.
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Legislation Year End Round-Up 2024 | Quick Recap of all Important Central & State Legislations
Read all important legislations of 2024.
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[55th GST Council Meeting] Recommends Track and Trace Mechanism to curb evasion
GST Council also recommends providing a legal framework for the Invoice Management System.
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Govt. notifies Post Office Rules, 2024 superseding Post Office Rules, 1933
International co-operation will be in conformity with Universal Postal Union Convention Manual and Regulations.
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LEGISLATION ROUNDUP NOVEMBER 2024: Conducting enquiries into air & water pollution; Penalty on Meta; & more
On 27-11-2024, the Ministry of Communications notified the Telecommunications (Regulatory Sandbox) Rules, 2024 to encourage
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Govt. notifies rules enabling live testing environment of new products on a limited set of test users
Any regulatory sandbox will have a validity period of 24 months which can be extended up to 12 months.
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Telecommunications (Temporary Suspension of Services) Rules, 2024
Review committees will meet within 5 days of issuance of suspension order.
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Telecommunications (Critical Telecommunication Infrastructure) Rules, 2024
Immediate upgradation of hardware/ software is permitted if it involves a security incident.
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Govt. notifies Telecom Cyber Security Rules to enhance safety of telecommunication infrastructure
Telecommunication entitiy will have to inform CG within 6 hours of becoming aware of a security incident.
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MoEF notifies rules to establish a clear and fair approach for conducting inquiries into air pollution
The proceedings under these rules should be completed within 6 months.
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SEBI simplifies registration process for FPIs
Applicants will have to fill in the fields which are unique to them to avoid duplication of information.
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MoEF streamlines the process of addressing water pollution violations
The Rules establishes a systematic approach for conducting inquiries into water pollution violations.
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SC redefines ‘summer vacation’ as partial working days; reduces total number of holidays to 95 days from 103 days
Supreme Court (Second Amendment) Rules, 2024 has been notified to amend the Supreme Court Rules 2013.
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Govt introduces new maritime rules to ensure global maritime safety
These rules enable to obtain a certificate for Global Maritime Distress and Safety System.
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Govt. introduces rules to create and maintain central database of inland vessels
These rules streamline vessel registration and emphasize on confidentiality and data protection.
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Govt mandates ASOC for operating as an amateur station operator
ASOC will be granted on successful completion of Amateur Station Operator Examination.
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