[52nd GST Council Meeting] Recommends Amnesty Scheme for Taxpayers
On 7-10-2023, the Goods and Services Tax Council held its 52nd Meeting under the Chairpersonship of Union Minister for Finance and Corporate
Continue readingNotifications
Notifications issued by various government departments, government bodies etc.
RBI extends last date of exchange of Rs. 2000 banknotes until 7-10-2023
On 30-9-2023, the Reserve Bank of India (‘RBI’) announced that with effect from 8-10-2023, the deposit or exchange of Rs. 2000 banknotes
Continue reading
106th Constitutional Amendment Act 2023 paves the way for Women Lawmakers
On 28-9-2023, the Ministry of Law and Justice notified the Constitution (One Hundred and Sixth Amendment) Act, 2023 to further amend the Constitution of India.
Continue reading
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’)
Continue reading
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,
Continue reading
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
Continue reading
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
Continue reading
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
Continue reading
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
Continue reading
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,
Continue reading
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
Continue reading
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
Continue reading
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)
Continue reading
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
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