Legislation Updates Archives

Companies having different establishments or branches or different units in any establishment or branch can now nominate an officer who has the authority vide Legal Metrology (General) Amendment Rules, 2022

The Central Government has notified Legal Metrology (General) Amendment Rules, 2022 to amend the Legal Metrology (General) Rules, 2011 to

Legislation Updates Rules & Regulations

Requirement to obtain registration certificate to sell any medical devices introduced vide Medical Devices (Fifth Amendment) Rules, 2022

On 30-09-2022, the Central Government, after consultation with the Drugs Technical Advisory Board, notified Medical Devices (Fifth Amendment) Rules, 2022

Legislation Updates Notifications

SEBI extends timeline for entering details of existing outstanding non- convertible securities into DLTs by one month

On 3-10-2022, the Securities and Exchange Board of India (‘SEBI’) has issued a circular on extension of timeline for entering

Legislation Updates Notifications

RBI notifies Late Submission Fee for reporting delays under FEMA

On 30-09-2022, the Reserve Bank of India has introduced Late Submission Fee for reporting delays under FEMA. The Late Submission Fee (LSF)

Legislation Updates Notifications

SEBI issues circular on Credit Ratings supported by Credit Enhancement

On 28-09-2022, the Securities and Exchange Board of India (‘SEBI’) has issued a circular modifying the guidelines on Credit Ratings

Legislation Updates Rules & Regulations

CBDT introduces new form 69 for Application for re-computation of income under section 155(18) vide Income-tax (32nd Amendment) Rules, 2022

On 28-09-2022, the Ministry of Finance has notified the Income-tax (32nd Amendment) Rules, 2022 which shall come into force from

Legislation Updates Rules & Regulations

New Form AA introduced for application for registration as an insolvency professional vide IBBI (Insolvency Professionals) (Fourth Amendment) Regulations, 2022

On 28-09-2022, the Insolvency and Bankruptcy Board of India has notified the Insolvency and Bankruptcy Board of India (Insolvency Professionals)

Legislation Updates Notifications

SEBI issues Amendment to guidelines for preferential issue and institutional placement of units by a listed InvIT/ REIT

On 28-09-2022, the Securities and Exchange Board of India (‘SEBI’) has issued circulars modifying the guidelines for preferential issue and

Legislation Updates Rules & Regulations

Registration of International Mobile Equipment Identity Number vide Prevention of tampering of the Mobile Device Equipment Identification Number (Amendment) Rules, 2022

The Central Government has notified Prevention of tampering of the Mobile Device Equipment Identification Number (Amendment) Rules, 2022 to amend

Legislation Updates Notifications

SEBI permits REITs and InvITs to issue Commercial Papers

On 22-09-2022, the Securities and Exchange Board of India has issued circulars stating that InvITs/REITs may issue listed commercial papers subject to

Legislation Updates Rules & Regulations

Registration fee for Information Utilities increased vide IBBI (Information Utilities) (Second Amendment) Regulations, 2022

On 20-09-2022, the Insolvency and Bankruptcy Board of India has notified the Insolvency and Bankruptcy Board of India (Information Utilities)

Legislation Updates Statutes/Bills/Ordinances

Ministry of Finance issues revised guidelines for compounding of offence under the Income -Tax Act, 1961

On 16-9-2022 the CBDT has issued revised guidelines for compounding of offence under the Income-Tax Act, 1961 to simplify and

Legislation Updates Rules & Regulations

New Form ITR-A for successor entities to furnish their return of income, notified vide Income-tax (31st Amendment) Rules, 2022

On 19-09-2022, the Ministry of Finance has notified the Income-tax (31st Amendment) Rules, 2022 in order to amend Income-Tax Rules 1962 which

Legislation Updates Rules & Regulations

Criminal Procedure (Identification) Rules, 2022

The Central Government has notified Criminal Procedure (Identification) Rules, 2022 in order to specify the procedure for taking measurements of

Legislation Updates Notifications

SEBI issues circular on Validation of Instructions for Pay-In of Securities from Client Demat account to Trading Member (TM) Pool Account against obligations received from the Clearing Corporations

On 19-09-2022, the Securities and Exchange Board of India(‘SEBI') issued a circular on validation of Instructions for Pay- In of

Legislation Updates Rules & Regulations

Comprehensive reforms in the Trade Certificate regime vide Central Motor Vehicles (Fifteenth Amendment) Rules, 2022

The Central Government has notified Central Motor Vehicles (Fifteenth Amendment) Rules, 2022 in order to amend the Central Motor Vehicles

Legislation Updates Rules & Regulations

Declaration must provide that the corporate person has made provision for preservation of its records after its dissolution vide IBBI (Voluntary Liquidation Process) (Second Amendment) Regulations, 2022

The Insolvency and Bankruptcy Board of India has notified IBBI (Voluntary Liquidation Process) (Second Amendment) Regulations, 2022 to amend the Insolvency and

Legislation Updates Notifications

Government re-designates title of Assistant Solicitor General of India as Deputy Solicitor General of India

The Central Government has notified the re-designation of Assistant Solicitor General of India as Deputy Solicitor General of India for future references.

Legislation Updates Rules & Regulations

MCA revises threshold for paid up capital of ‘small companies’ vide Companies (Specification of definition details) Amendment Rules, 2022

The Central Government has notified Companies (Specification of definition details) Amendment Rules, 2022 to amend the Companies (Specification of Definition

Legislation Updates Rules & Regulations

Insolvency professional must not accept any fees or charges from any professional and/or support service provider vide IBBI (Insolvency Professionals) (Second Amendment) Regulations, 2022

The Insolvency and Bankruptcy Board of India has notified Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations,

SCC Blog

Legislation Updates

Companies having different establishments or branches or different units in any establishment or branch can now nominate an officer who has the authority vide Legal Metrology (General) Amendment Rules, 2022

Requirement to obtain registration certificate to sell any medical devices introduced vide Medical Devices (Fifth Amendment) Rules, 2022

SEBI extends timeline for entering details of existing outstanding non- convertible securities into DLTs by one month

RBI notifies Late Submission Fee for reporting delays under FEMA

SEBI issues circular on Credit Ratings supported by Credit Enhancement

CBDT introduces new form 69 for Application for re-computation of income under section 155(18) vide Income-tax (32nd Amendment) Rules, 2022

New Form AA introduced for application for registration as an insolvency professional vide IBBI (Insolvency Professionals) (Fourth Amendment) Regulations, 2022

SEBI issues Amendment to guidelines for preferential issue and institutional placement of units by a listed InvIT/ REIT

Registration of International Mobile Equipment Identity Number vide Prevention of tampering of the Mobile Device Equipment Identification Number (Amendment) Rules, 2022

SEBI permits REITs and InvITs to issue Commercial Papers

Registration fee for Information Utilities increased vide IBBI (Information Utilities) (Second Amendment) Regulations, 2022

Ministry of Finance issues revised guidelines for compounding of offence under the Income -Tax Act, 1961

New Form ITR-A for successor entities to furnish their return of income, notified vide Income-tax (31st Amendment) Rules, 2022

Criminal Procedure (Identification) Rules, 2022

SEBI issues circular on Validation of Instructions for Pay-In of Securities from Client Demat account to Trading Member (TM) Pool Account against obligations received from the Clearing Corporations

Comprehensive reforms in the Trade Certificate regime vide Central Motor Vehicles (Fifteenth Amendment) Rules, 2022

Declaration must provide that the corporate person has made provision for preservation of its records after its dissolution vide IBBI (Voluntary Liquidation Process) (Second Amendment) Regulations, 2022

Government re-designates title of Assistant Solicitor General of India as Deputy Solicitor General of India

MCA revises threshold for paid up capital of ‘small companies’ vide Companies (Specification of definition details) Amendment Rules, 2022

Insolvency professional must not accept any fees or charges from any professional and/or support service provider vide IBBI (Insolvency Professionals) (Second Amendment) Regulations, 2022

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