Legislation Updates Archives

Legislation Updates Statutes/Bills/Ordinances

Dam Safety Act, 2021

On December 13, 2021, the Dam Safety Act received President’s assent in order to provide for surveillance, inspection, operation and maintenance of

Legislation Updates Rules & Regulations

Format for submitting proposal for auction of an area for grant of composite licence introduced vide Minerals (Evidence of Mineral Contents) Second Amendment Rules, 2021

The Central Government has notified the Minerals (Evidence of Mineral Contents) Second Amendment Rules, 2021 to amend the Minerals (Evidence of Mineral

Legislation Updates Notifications

Notification of Operating Lease as Financial Product under International Financial Services Centres Authority Act, 2019

On December 14, 2021, the Central Government has notified that operating lease including any hybrid of operating and financial lease of such

Foreign Legislation Legislation Updates

New York | New law combating racehorse and breeding stock slaughter comes into force

The Government of New York has signed a bill into law which deals with combating racehorse and breeding stock slaughter on December

Legislation Updates Notifications

Communications exclusively by electronic mode vide e-Verification Scheme, 2021, notified by CBDT

The Central Board of Direct Taxes has notified the e-Verification Scheme, 2021 vide notification dated December 13, 2021, for collection of information

Legislation Updates Rules & Regulations

Delhi Goods and Services Tax (Fourth Amendment) Rules, 2021

The Government of Delhi has notified the Delhi Goods and Services Tax (Fourth Amendment) Rules, 2021 vide notification dated December 9, 2021.

Legislation Updates Notifications

SEBI issues Circular on usage of pool accounts for Mutual Funds

The Securities and Exchange Board of India has issued a Circular on Mutual Funds on December 10, 2021. The representations were received

Legislation Updates Notifications

RBI introduces Legal Entity Identifier for Cross-border Transactions

The Reserve Bank of India has introduced legal entity identifier for cross-border transactions vide notification dated December 10, 2021. Key highlights:

Legislation Updates Notifications

Government notifies constitution of Unlawful Activities (Prevention) Tribunal

On December 13, 2021, the Central Government constitutes an Unlawful Activities (Prevention) Tribunal consisting of Justice D.N. Patel, Chief Justice, High Court

Foreign Legislation Legislation Updates

UK | Green Gas Support Scheme Regulations, 2021 notified

The UK Government has passed the Green Gas Support Scheme Regulations, 2021, which is a government environmental scheme that facilitates the production

Legislation Updates Notifications

SEBI clarifies on amendment to SEBI (Portfolio Managers) Regulations, 2020

On December 10, 2021, the Securities and Exchange Board of India (SEBI) has issued a notification to provide clarification on amendment to

Legislation Updates Rules & Regulations

CBDT notifies conditions for exemption of income accrued by non-resident as a result of transfer of non-deliverable forward contracts vide Income-tax (33rd Amendment) Rules, 2021

The Central Board of Direct taxes notified Income-tax (33rd Amendment) Rules, 2021 further to amend the Income-tax Rules,1962. Key features: In

Legislation Updates Notifications

Ministry extends the public utility service status on uranium industry for 6 months with effect from December 19, 2021

The Ministry of Labour and Employment has extended the public utility service status to services engaged in the uranium industry which is

Legislation Updates Rules & Regulations

Tripura Value Added Tax (Eighth Amendment) Rules, 2021

On December 07, 2021, the Government of Tripura has issued the Tripura Value Added Tax (Eighth Amendment) Rules, 2021 in order to

Legislation Updates Rules & Regulations

Bureau of Indian Standards (Conformity Assessment) (Sixth Amendment) Regulations, 2021

On December 08, 2021, the Bureau of Indian Standards (BIS) has issued the Bureau of Indian Standards (Conformity Assessment) (Sixth Amendment) Regulations,

Legislation Updates Notifications

RBI publishes the Statement on Developmental and Regulatory Policies

The Reserve Bank of India has published a Statement on Developmental and Regulatory Policies vide press release dated December 8, 2021. The

Legislation Updates Notifications

Ministry issues clarification on passing general and special resolutions through VC or OAVM

The Ministry of Corporate Affairs has issued a clarification on passing general and special resolutions through Video Conference (VC) or Other Audio-Visual

Legislation Updates Rules & Regulations

Consumer Protection (Search and Seizure and Compounding of offences by the Central Authority and Crediting of Penalty) Rules, 2021

The Ministry of Consumer Affairs, Food and Public Distribution has notified the Consumer Protection (Search and Seizure and Compounding of offences by

Legislation Updates Rules & Regulations

Goa Rights of Persons with Disabilities First (Amendment) Rules, 2021

The Government of Goa has notified the Goa Rights of Persons with Disabilities First (Amendment) Rules, 2021 vide notification dated December 2,

Foreign Legislation Legislation Updates

UAE | Government adopts 4.5 days working week

The UAE Government has adopted a four and half day working week with Saturday Sundays as off days on December 7, 2021.