Legislation Updates Archives

RBI issues new guidelines for Regular Entities on Digital Lending

On 02-09-2022, Reserve Bank of India issued guidelines on Digital Lending which would be applicable to the ‘existing customers availing fresh loans’

SC Judge Justice Sanjay Kishan Kaul nominated as the Chairman of Supreme Court Legal Services Committee

The Central Authority has nominated Mr. Justice Sanjay Kishan Kaul, Judge, Supreme Court of India, as Chairman of the Supreme

Legislation Updates Rules & Regulations

Norms for non-transport vehicle registered in other countries, notified vide Motor Vehicles Non Transport Vehicles Visiting India Rules, 2022

On 02-09-2022, the Central Government has notified Motor Vehicles Non Transport Vehicles Visiting India Rules, 2022. The Rule provides that a non-transport

Legislation Updates Rules & Regulations

District Magistrates to issue adoption orders vide Juvenile Justice (Care and Protection of Children) Model Amendment Rules, 2022

On 1-09-2022, the Ministry of Women and Child Development notified amendments to the Juvenile Justice (Care and Protection of Children) Model Rules,

Legislation Updates Notifications

SEBI issues circular to prevent performance/return claimed by regulated platforms offering algorithm strategies for trading

On 02-09-2022, the Securities and Exchange Board of India (‘SEBI') issued a circular on performance/ return claimed by unregulated platforms

Legislation Updates Rules & Regulations

Signing of charge e-forms by insolvency resolution professional or resolution professional or liquidator for companies under resolution or liquidation vide Companies (Registration of Charges) Second Amendment Rules, 2022

The Central Government has notified the Companies (Registration of Charges) Second Amendment Rules, 2022 to amend the Companies (Removal of Names of

Cabinet Decisions Legislation Updates

Cabinet approves signing of an MoU between India and Nepal in the field of biodiversity conservation

The Union Cabinet has approved the proposal of the Ministry of Environment, Forest and Climate Change for signing an MoU with the

Legislation Updates Notifications

Ministry of Railways issues guidelines for implementation of GST implications on recovery of liquidated damages

On 10-08-2022, the Ministry of Railways has issued guidelines for implementation of Goods and Service Tax (‘GST') implications on recovery

Legislation Updates Notifications

SEBI amends SEBI (CRA) Regulations, 1999; allowing disclosures to be used in fair assessment of Credit Rating Agencies

On 25-08-2022, the Securities and Exchange Board of India (‘SEBI') has issued a circular on Enhanced Disclosures by Credit Rating

Legislation Updates Rules & Regulations

Supreme Court Judges (Amendment) Rules, 2022: Lifetime domestic help, chauffeur & secretarial assistant for Retired CJI and SC Judges

On 27-08-2022, the Central Government Supreme Court Judges (Amendment) Rules, 2022 to further amend the Supreme Court Judges Rules, 1959. Key points:

Legislation Updates Rules & Regulations

Battery Waste Management Rule, 2022

On 22-08-2022, Ministry of Environment, Forest and Climate Change has notified Battery Waste Management Rule, 2022 for management of waste, produced by

Foreign Legislation Legislation Updates

US- Minnesota legalises usage of Edible cannabinoid products

The Governor of Minnesota has assented to the bill based on sale of certain Cannabinoid Products under Section 151.72., making it a

Legislation Updates Rules & Regulations

Retired CJI & Retired Judges of the Supreme Court entitled to a security cover vide Supreme Court Judges (Amendment) Rules, 2022

The Central Government has notified Supreme Court Judges (Amendment) Rules, 2022 further to amend the Supreme Court Judges Rules, 1959.

Legislation Updates Rules & Regulations

RBI issues Overseas Direct Investment vide FEM (Overseas Investment) Regulations, 2022

On 22-08-2022, the Reserve Bank of India (‘RBI’) has issued the Foreign Exchange Management (Overseas Investment) Regulations, 2022 to facilitate business between

Legislation Updates Rules & Regulations

Commodities like garment or hosiery included in the exemption list vide Legal Metrology (Packaged Commodities) (Third Amendment) Rules, 2022

On 22-08-2022 , the Ministry of Consumer Affairs, Food and Public Distribution notified the Legal Metrology (Packaged Commodities) (Third Amendment) Rules, 2022 in

Legislation Updates Notifications

SEBI issues circular on participation of financial account aggregators in Account Aggregator framework

On 19-08-2022, SEBI has issued a circular on participation of financial account aggregators in Account Aggregator framework. The Account Aggregators

Legislation Updates Rules & Regulations

Physical verification of the Registered Office of the company by Registrar vide Companies (Incorporation) Third Amendment Rules, 2022

The Central Government notifies Companies (Incorporation) Third Amendment Rules, 2022 to amend the Companies (Incorporation) Rules, 2014. In the Companies (Incorporation) Rules,