Legislation Updates Archives

RBI notifies net owned fund for NBFCs to commence business

The Reserve Bank of India has specified ten crore rupees as net owned fund (NOF) required for following categories of non- banking

Legislation Updates Rules & Regulations

Taxes imposed on Retirement Benefits of Specified Persons vide Income-tax (6th Amendment), Rules, 2022

On 4th April, 2022, Central Board of Direct Taxes notified amendment to Income Tax Rules,1961 through Income-tax (6th Amendment), Rules, 2022. This

Legislation Updates Notifications

SEBI revises UPI limits in public issue of equity shares and convertibles

On April 05, 2022, SEBI has issued circular on revision of UPI limits in public issue of equity shares and convertibles. This

Legislation Updates Notifications

RBI notifies Master Direction on penal provisions in deficiencies in reporting of transactions/ balances at currency chests

On April 01, 2022, the Reserve Bank of India (RBI) has issued Master Direction on Penal Provisions in deficiencies in reporting of

Legislation Updates Rules & Regulations

CBDT notifies Form ITR-7 for financial year 2022-23 vide Income-tax (5th Amendment) Rules, 2022

The Central Board of Direct Taxes vide notification dated 1st April, 2022 has issued the Income-tax (5th Amendment) Rules, 2022 effective April

Legislation Updates Notifications

Exemption for vehicles from the requirement of use of safety glass or safety glazing material for windscreen and window glass

On March 31, 2022, the Ministry of Road Transport and Highways exempts all motor vehicles to comply with the provisions of Rule

Foreign Legislation Legislation Updates

British Columbia, Canada | Amendments to Personal Illness or Injury Leave, introduced

On 28th March, 2022 British Columbia has introduced a bill 19-2022 for the first reading. The amendments were made to the existing

Legislation Updates Notifications

IFSCA notifies guidelines for liquidity enhancement scheme

On March 31, 2022, International Financial Services Centres Authority has issued a circular notifying the guidelines for liquidity enhancement scheme for all

Legislation Updates Rules & Regulations

Manner of maintaining Electronic Cash Ledger introduced vide Customs (Electronic Cash Ledger) Regulations, 2022

The Central Board of Indirect Taxes and Customs notifies Customs (Electronic Cash Ledger) Regulations, 2022. The Regulations provides provisions relating to Manner

Legislation Updates Notifications

CBDT extends last date for filing of Form No.10AB for seeking registration or approval

The Central Board of Direct Taxes (CBDT), extends the last date for electronic filing of Form No.10AB. The application for registration or

Legislation Updates Notifications

Premature redemption of a part of outstanding stock of Non-interest bearing Government of India IDBI Special Security, 2024

The Government notifies further premature redemption on Non-interest bearing Government of India IDBI Special Security, 2024 by exercising “call option” for an

Legislation Updates Statutes/Bills/Ordinances

Regulating crypto currencies vide Finance Act, 2022

On 30th March, 2022, Central Government passed Finance Act, 2022 for the financial year 2022-2023. Finance Act will be effective from 1st

Legislation Updates Notifications

CBDT notifies exemption under section 206C(1G) of the Income tax Act, 1961

The Central Government hereby notifies that the provisions of sub-section (1G) of section 206C shall not apply to an individual who is

Legislation Updates Notifications

CBIC notifies a list of deposits which will be exempted from June 01, 2022

The Central Board of Indirect Taxes and Customs notifies a list of deposits which will be exempted from June 01, 2022. They

Legislation Updates Statutes/Bills/Ordinances

Criminal Procedure (Identification) Bill, 2022 introduced in Lok Sabha

The Criminal Procedure (Identification) Bill, 2022 was introduced in Lok Sabha. The Bill provides for legal sanction for taking appropriate body measurements

Legislation Updates Rules & Regulations

Central Service Rules to apply in Chandigarh vide Union territory of Chandigarh Employees (Conditions of Service) Rules, 2022

The President notified Union territory of Chandigarh Employees (Conditions of Service) Rules, 2022 regulating the conditions of service of persons appointed to

Legislation Updates Rules & Regulations

Implementation of new labelling norms extended vide Legal Metrology (Packaged Commodities) Amendment Rules, 2022

On March 28, 2022, the Ministry of Consumer Affairs, Food and Public Distribution (MoCAFPD) has issued the Legal Metrology (Packaged Commodities) Amendment