Legislation Updates Archives

Guidelines on Compensation of Whole Time Directors/ Chief Executive Officers/ Material Risk Takers and Control Function staff

Guidelines on Compensation of Whole Time Directors/ Chief Executive Officers/ Material Risk Takers and Control Function staff The compensation practices, especially of

Legislation Updates Notifications

SEBI | Disclosure of divergence in the asset classification and provisioning by banks

1. Under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI LODR Regulations’) a listed entity shall disclose to

Legislation Updates

J&K Reorganisation (Removal of Difficulties) Second Order, 2019 — [Territory of Leh district shall constitute, Gilgit, Gilgit Wazarat, Chilas, Tribal territory & ‘Leh & Ladakh’ except present territory of Kargil]

S.O. 3979(E).—WHEREAS, the Jammu and Kashmir Reorganisation Act, 2019 (34 of 2019) (hereinafter referred to as the principal Act) received the assent

Legislation Updates Notifications

President has authorised expenditure out of the Consolidated Fund of UT of J&K

S.O. 3938(E).—Consequent upon the Proclamation issued on this, the 31-10-2019, by me under Section 73 of the Jammu and Kashmir Reorganisation Act,

Legislation Updates Notifications

Registrar of Companies Jammu shall have jurisdiction in respect of UT of J&K and UT of Ladakh

S.O.3955(E).— In exercise of the powers conferred by sub-sections (1) and (2) of Section 396 of the Companies Act, 2013 (18 of

Legislation Updates Notifications

Provisions of — Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 extended to J&K Employees’ Provident Funds and Miscellaneous Provisions Act, 1961

S.O. 3962(E).—In exercise of the powers conferred by the proviso to sub-section (3) of Section 1 of the Employees’ Provident Funds and

Legislation Updates Notifications

In the wake of vehicular pollution in Delhi, LG of NCT of Delhi orders for implementation of “Odd-Even Rule”

No. F. 23(1549)/CAP/TPT/PCD/2019/ 1579/78617.—Whereas the National Capital Territory in Delhi has more than eleven million registered vehicles and the vehicular pollution has

Legislation Updates Statutes/Bills/Ordinances

Jammu and Kashmir Reorganisation (Removal of Difficulties) Order, 2019 [Read the Order]

Judges of J&K HC for the existing State of J&K holding office immediately before appointed day shall be deemed to have been appointed under Art. 217 of the Constitution and they shall be deemed to have taken oath or affirmation under Art. 219 of the Constitution and shall continue to function as Judges of common High Court of the Union Territory of Jammu and Kashmir and the Union Territory of Ladakh.

Legislation Updates Rules & Regulations

RTI (Term of Office, Salaries, Allowances & Other Terms & Conditions of Service of CIC, IC’s in Central Information Commission, State CIC & State IC’s in State Information Commission) Rules, 2019 — Notified

G.S.R. 810(E).—In exercise of the powers conferred by clauses (ca) and (cb) of sub-section (2) of Section 27 of Right to Information

Legislation Updates Rules & Regulations

All the Independent directors will have to take an online proficiency self-assessment test; Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2019

G.S.R. 804(E).— In exercise of the powers conferred by Section 149 read with Section 469 of the Companies Act, 2013 (18 of

Legislation Updates Notifications

Right to Information (Amendment) Act, 2019 comes into force

S.O. 3843(E).—In exercise of the powers conferred by sub-section (2) of Section 1 of The Right to Information (Amendment) Act, 2019 (24

Cabinet Decisions Legislation Updates

Cabinet approves regulations for conferring/recognizing ownership or mortgage/ transfer rights to 40 lakh residents of unauthorized colonies in Delhi

Bill to be introduced in the next session of Parliament Union Cabinet approved the Regulations for conferring/ recognizing ownership or mortgage/ transfer

Cabinet Decisions Legislation Updates

Union Cabinet approves revival plan of BSNL and MTNL and in-principle merger of the two

The Union Cabinet approved the proposal for revival of BSNL and MTNL by administrative allotment of spectrum for 4G services, debt restructuring

Legislation Updates Notifications

Winter Session of Parliament to begin from 18-11-2019

No. RS 1/3/2019-L.—The following Order by the President dated the 22nd October 2019, is published for general information:- “In exercise of the

Legislation Updates Rules & Regulations

Central Govt. notifies — Conduct of Elections (Amendment) Rules, 2019 ; Insertion of various clauses

S.O. 3786(E).—In exercise of the powers conferred by clause (c) of Section 60 of the Representation of the People Act, 1951 (43

Legislation Updates Notifications

Centre notifies Indian Institute of Corporate Affairs as an institute to maintain a data bank

Central Government notifies the Indian Institute of Corporate Affairs at Manesar (Haryana), as an institute to create and maintain a data bank

Legislation Updates Notifications

CBDT exempts cash withdrawal by authorised dealer and its franchise agent and sub-agent, and Full-Fledged Money Changer licensed by RBI

S.O. 3719(E).—In exercise of the powers conferred by clause (v) of proviso to Section 194 N of the Income-tax Act, 1961 (43

Legislation Updates Notifications

TRAI releases recommendations on “Review of Terms and Conditions for registration of Other Service Providers (OSPs)”

The Telecom Regulatory Authority of India (TRAI) has released its recommendations on “Review of terms and conditions for registration of Other Service

Legislation Updates Notifications

Govt. Employees of UT of Jammu & Kashmir and UT of Ladakh to get all 7th CPC Allowances from 31-10-2019

After the Parliament passed the Jammu and Kashmir Reorganization Bill, 2019, Prime Minister, Narendra Modi addressed the nation on 08-10-2019, wherein he

Legislation Updates Notifications

Guidelines on Anti-Money Laundering (AML) Standards & Combating Financing of Terrorism (CFT) under Prevention of Money Laundering Act, 2002

1. The Prevention of Money Laundering Act, 2002 (“PMLA”) was brought into force with effect from 1st July 2005. Necessary Notifications /