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Legislation Updates

Legislation UpdatesNotifications

SEBI issues guideline on appointment of Auditors of Mutual Fund

CIRCULAR SEBI/HO/IMD/DF2/CIR/P/2017/125 Sub: Enhancing fund governance for Mutual Funds In order to strengthen the governance structure for Mutual Funds (MFs), it has

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Published on December 4, 2017By Saba
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Legislation UpdatesNotifications

Constitution of Fifteenth Finance Commission notified

The Government of India, with the approval President of India, has constituted Fifteenth Finance Commission in pursuance of clause (1) of Article

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Published on November 28, 2017By Saba
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Foreign LegislationLegislation Updates

Indian Forest (Amendment) Ordinance, 2017 promulgated to encourage bamboo cultivation in non-forest areas

THE INDIAN FOREST (AMENDMENT) ORDINANCE, 2017 No. 6 of 2017 Promulgated by the President in the Sixty-eighth Year of the Republic of

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Published on November 27, 2017August 5, 2018By Saba
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Legislation UpdatesNotifications

Aadhaar as an identity document for NRIs, PIOs & OCIs

CIRCULAR Subject: Applicability of Aadhaar as an identity document for Non-Resident Indians (NRIs)/Person of Indian Origin (PI0s) and Overseas Citizen of India

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Published on November 21, 2017By Saba
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Legislation UpdatesNotifications

Comments sought on Draft Notification in respect of conversion of Indian Branch of foreign bank into Indian subsidiary company

Finance Act, 2012 inserted a new Chapter XII-BB consisting of Section 115JG in the Income-tax Act, 1961 (the Act) which contains “Special

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Published on November 20, 2017November 20, 2017By Saba
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Legislation UpdatesNotifications

Updated Harmonized Master List of Infrastructure Sub-sectors notified

NOTIFICATION F. No. 13/1/2017-INF.—With the approval of the Competent Authority, an updated Harmonized Master List of Infrastructure Sub-sectors (Annexure-I) is hereby notified.

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Published on November 20, 2017By Saba
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Foreign LegislationLegislation Updates

FEMA (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2017 notified

No. FEMA. 369/2017-RB G.S.R. 1386(E).— In exercise of the powers conferred by clause (a) of sub-section (3) of Section 6 and sub-section

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Published on November 16, 2017March 29, 2018By Saba
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Foreign LegislationLegislation Updates

IBBI (Fast Track Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2017 notified

No. IBBI/2017-18/GN/REG020. — In exercise of the powers conferred by clause (t) of sub-section (1) of section 196 read with section 240 of

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Published on November 8, 2017March 29, 2018By Saba
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Foreign LegislationLegislation Updates

NCTE (Amendment) Act 2017 to grant retrospective recognition to non-approved teacher education courses

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for introduction of a Bill in Parliament

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Published on November 2, 2017March 29, 2018By Saba
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Legislation UpdatesNotifications

Indian Commodity Exchange Limited notified as a ‘recognized association‘

NOTIFICATION NO. 91/2017 In exercise of the powers conferred by clause (iii) in the Explanation of clause (e) of the proviso to

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Published on October 31, 2017By Saba
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Legislation UpdatesNotifications

Waiver of late fee payable for delayed filing of FORM GSTR-3B for Aug & Sep, 2017

Notification No. 50/2017-Central Tax G.S.R (E).– In exercise of the powers conferred by Section 128 of the Central Goods and Services Tax

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Published on October 25, 2017By Saba
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Legislation UpdatesNotifications

Comments sought on Draft Guidelines for Ground Water Extraction

The Central Grounder Water Authority (CGWA) has sent Draft guidelines for “issuance of NOC” for ground water withdrawal and draft “Public Notice”

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Published on October 24, 2017By Saba
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Legislation UpdatesNotifications

Comments invited for amendment of Income Tax Rules with reference to registration of Charitable or Religious Trusts

Vide Finance Act, 2017, a new clause (ab) was inserted in sub-section (1) of Section 12A of the Income Tax Act, 1961

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Published on October 23, 2017By Saba
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Legislation UpdatesNotifications

S. 247 of Companies Act, 2013 relating to Valuation by Registered Valuers to commence from 18.10.2017

The Ministry of Corporate Affairs has issued Notification for commencement of Section 247 of the Companies Act, 2013 [Valuation by Registered Valuers]

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Published on October 21, 2017By Saba
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Foreign LegislationLegislation Updates

Customs Valuation (Determination of Value of Imported Goods) Amendment Rules, 2017 notified

NOTIFICATION G.S.R. 1202(E) .— In exercise of the powers conferred by Section 156 read with Section 14 of the Customs Act, 1962

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Published on October 12, 2017March 29, 2018By Saba
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Legislation UpdatesRules & Regulations

IBBI relaxes norms for information utilities

No. IBBI/2017-18/GN/REG016.— In exercise of the powers conferred by sub-section (1) of Section 196 read with Section 240 of the Insolvency and

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Published on October 9, 2017By Saba
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Legislation UpdatesNotifications

Government rescinds Notification No. 4/2017 dt. 23.08.2017 relating to Gems and Jewellery sector

The Government has received representations from various Associations in the Gems and Jewellery sector with respect to certain incongruities in Notification No.

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Published on October 7, 2017By Saba
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Legislation UpdatesNotifications

CBEC extends facility of Letter of Undertaking to all exporters

G.S.R….(E).- In exercise of the powers conferred by Section 54 of the Central Goods and Services Tax Act, 2017, and Section 20

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Published on October 5, 2017By Saba
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Legislation UpdatesNotifications

Ambit of ‘legal services’ expanded for the purpose of CGST

CORRIGENDUM New Delhi, 25th September, 2017 G.S.R. 1199(E).— In the notification of the Government of India in the Ministry of Finance (Department

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Published on October 4, 2017By Saba
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Legislation UpdatesNotifications

Amendments to RBI Master Direction on Financial Services provided by Banks

Amendments to Master Direction- Reserve Bank of India (Financial Services provided by Banks) Directions, 2016 Considering the suggestions and queries received from

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Published on September 28, 2017By Saba
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