President’s rule revoked in Jammu & Kashmir
MHA issues notification revoking the President’s rule in Jammu and Kashmir.
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MoF notifies Sections relating to GST in Finance (No. 2) Act
Insertion of Section 128-A in CGST Act gave relief to the taxpayers who were burdened with their previous tax obligations.
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Section 128-A of CGST Act notified providing relief to taxpayers having old tax obligations
Taxpayers are not required to pay extra interest or penalties on their previous tax obligations.
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SEBI issues measures to strengthen Equity Index Derivatives Framework
The measures have been issued on the recommendation of Expert Working Group.
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MoEF notifies Ecomark Rules 2024 to differentiate products having lesser adverse effects on environment
Ecomark will be valid for any product for a period of 3 years.
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SEBI reduces trading lot for InvITs on designated stock exchange to Rs. 25 Lakhs
The 2024 Regulations have amended the trading lot for trading units, timeline for making distributions, as well as the voting threshold.
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SEBI introduces ‘voting threshold’ vide SEBI (Real Estate Investment Trusts) (Third Amendment) Regulations, 2024
The 2024 Regulations brings various amendments to regulate provisions related to the unit holders.
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BCI mandates criminal background check of the students before issuance of final marksheets and degrees
BCI should be informed of any ongoing FIR, criminal case, conviction or acquittal.
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SEBI (Issue and Listing of Non-Convertible Securities) (Second Amendment) Regulations, 2024
SEBI revises the period for which the draft offer document was to be made public.
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Competition Commission of India (General) Regulations, 2024
Additional Information or separate document should be in form of a “Paper Book”.
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Govt notifies Telecommunications (Right of Way) Rules, 2024 to regulate operations of underground telecommunications network
These rules apply to permissions for the right of way for telecommunications networks.
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RBI imposes penalty of Rs. 7.9 lakh on Muthoot Vehicle & Asset Finance Ltd. for non-compliance with Liquidity Risk Management Framework and RBI Directions for NBFCs
Apart from failing to disclose information regarding LCR and conveying the loan amounts sanctioned, MVAFL also failed to submit data of gold loan customers.
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Prasar Bharati Recruitment Board (Procedure and Conduct of Business) Regulations, 2024
Meetings of the Recruitment Board will be held at regular intervals, which should not be less than 6 times a year.
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RBI imposes penalty of Rs. 10.4 lakhs on HP Financial Services for failing to adhere to its KYC, NBFC, and IT framework regulations for the non-banking financial sector
HP Financial Services not only failed to establish a periodic review of risk categorization of accounts but also failed to form an IT Strategy Committee as well as an IT Steering Committee.
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MoF notifies new rules for compounding under FEMA
Payment of the amount compounded will be done electronically and within 15 days from the date of compounding order.
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RBI imposes penalty amounting to Rs. 1 Crore on HDFC Bank Limited for non-compliance with directions
The penalty imposed was based on deficiencies in statutory and regulatory compliance on behalf of HDFC bank.
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RBI imposes penalty amounting to Rs. 1.91 crores on Axis bank Limited for failure to comply with Banking Regulation Act, 1949 and RBI Directions
Axis bank contravened S. 19(1)(a) of the Banking Regulation Act as one of its wholly owned subsidiaries was engaged in an impermissible business as per S. 6 of the Act.
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MCA notifies Competition (Minimum Value of Assets or Turnover) Rules, 2024
Minimum Value of assets/ turnover laid down which will not constitute a Combination under Section 5 of Competition Act.
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SEBI widens scope of SEBI (Foreign Venture Capital Investors) Regulations, 2000
Terms such as ‘Bilateral Memorandum of Understanding’, ‘Control’, ‘Designated depository participant’, and ‘International Financial Services Centre’ have been added to the 2000 Regulations.
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Govt. notifies Telecommunications (Administration of Digital Bharat Nidhi) Rules, 2024
These rules will focus on promoting sustainable and green technologies in the telecommunications sector.
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