Legislation Updates Archives

Legislation Updates Rules & Regulations

SEBI mandates Registration of Index Providers vide SEBI (Index Providers) Regulations, 2024

Certificate of Registration will be unless cancelled or suspended by the Board.

Legislation Updates Notifications

MCA enhances existing threshold value of assets and turnover for purpose of combination filing

Value of assets and turnover increased by 150% based on the wholesale price index.

Legislation Updates Notifications Rules & Regulations

Citizenship (Amendment) Rules, 2024, notified

The Citizenship (Amendment) Act, 2019 (‘CAA’) received the President’s assent on 12-12-2019 and came into force on 10-01-2020.

Legislation Updates Rules & Regulations

CCI notifies Competition Commission of India (Determination of Monetary Penalty) Guidelines, 2024

CCI issues guidelines to bring transparency in method of calculating penalties.

Ministry of Electronics and Information Technology

Legislation Updates Notifications

MeitY issues advisory on Misinformation and Deepfake mandating unique metadata

Advisory mandates to label a permanent unique metadata on every work to identify the source and creator in case of misinformation and deepfake.

Foreign Legislation Legislation Updates

Right to Abortion | French Senate votes in favour of enshrining Freedom of Women to Voluntarily Terminate Pregnancy in the French Constitution

The aim to enshrine the right to abortion in the French Constitution which gained impetus after SCOTUS overruled Roe v. Wade in 2022 was finally fulfilled with 780 MPs favouring the inclusion.

Legislation Updates Rules & Regulations

PFRDA decreases turnaround time for grievance redressal to 21 days

On expiration of turnaround time, complainant can file appeal with the Ombudsman.

Electricity (Rights of Consumers) Rules 2020

Legislation Updates Rules & Regulations

Ministry of Power reduces maximum time limit for granting new connections and modifying existing connections

Separate connection can be provided by Distribution Licensee for charging of Electric Vehicles.

Legislation Updates Rules & Regulations

Labour Ministry increases Expenditure limit of contracts which need prior sanction of Standing Commitee to Rs. 25 crores

Ministry of Labour and Employment notified the Employees’ State Insurance (Central) Amendment Rules, 2024.

Legislation Updates Notifications

New Criminal Laws notified: Will be effective from July 1, 2024

Centre notifies new Criminal laws on 23-2-2024.

Legislation Updates Notifications

RBI advises NPCI to examine request of One97 Communication Ltd to become a Third-Party Application Provider

RBI lays down additional steps to be followed by Paytm Payments Bank Ltd.

Legislation Updates Rules & Regulations

MoHFW allows One Donor Gamete for undergoing Surrogacy subject to medical conditions prescribed by District Medical Board

MoHFW notifies Surrogacy (Regulation) Amendment Rules, 2024 allowing one donor gamete in certain circumstances.

Legislation Updates Rules & Regulations

CCI introduces provision for Lesser Penalty Plus vide CCI (Lesser Penalty) Regulations, 2024

CCI notifies the Competition Commission of India (Lesser Penalty) Regulations, 2024.

Legislation Updates Rules & Regulations

IBBI introduces Monitoring Committe for streamlining implementation of Resolution Plan

IBBI notifies Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2024.

Legislation Updates Rules & Regulations

IBBI excludes assets in a real estate project that have been handed over to the allottee from liquidation process of the company

IBBI notifies Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2024.

PFRDA Central Recordkeeping Agency Regulations

Legislation Updates Rules & Regulations

Governance and operational standards of Central Recordkeeping Agencies enhanced vide PFRDA (Central Recordkeeping Agency) (Amendment) Regulations, 2023

On 9-2-2024, the Pension Fund Regulatory and Development Authority (‘PFRDA’) notified the Pension Fund Regulatory and Development Authority (Central Recordkeeping Agency) (Amendment)