Legislation Updates Archives

Lock-in period for promoter contribution reduced from 3 years to 18 months vide SEBI (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2021

On August 13, 2021, the Securities and Exchange Board of India (SEBI) has issued the Securities and Exchange Board of India (Issue

Foreign Legislation Legislation Updates

USA- Minnesota | New and expectant parents accorded workplace protections under new legislation

The Minnesota Government has passed legislation that strengthen workplace protections for new and expectant parents. The new law comes into effect on

Legislation Updates Notifications

SEBI issues guidelines on issuance of non-convertible debentures with warrants through Qualified Institutional Placement

The Securities and Exchange Board of India has issued circular dated 13th August 2021 providing the guidelines on issuance of non-convertible debt

Legislation Updates Statutes/Bills/Ordinances

Commissioner empowered to call for furnishing any information under Delhi GST Act, 2017 vide Delhi GST (Amendment) Act, 2021

The Department of Law, Justice and Legislative Affairs has passed the Delhi Goods and Services Tax (Amendment) Act, 2021 to amend the

Legislation Updates Notifications

ESIC extends Atal Beemit Vyakti Kalyan Yojana till 2022

On August 11, 2021, ESIC has decided to extend the Atal Beemit Vyakti Kalyan Yojana for the period 01.07.2021 to 30.06.2022 with

Legislation Updates Rules & Regulations

Government notifies Plastic Waste Management Amendment Rules, 2021, prohibiting identified single use plastic items by 2022

The Ministry of Environment, Forest and Climate Change, has notified the Plastic Waste Management Amendment Rules, 2021, which prohibits identified single use

Legislation Updates Notifications

Revision of Ceiling Prices to be carried out every five years vide Drugs (Prices Control) Third Amendment Order, 2021

The Ministry of Chemicals and Fertilizers notified the Drugs (Prices Control) Third Amendment Order, 2021 on August 12, 2021. It amends the

Legislation Updates Notifications

Minimum pension of INR 3000 per month to be awarded under National Pension Scheme for Traders, Shopkeepers and Self-Employed Person, 2019

The Ministry of Labour and Employment has passed the National Pension Scheme for Traders, Shopkeepers and Self- Employed Persons, 2019 vide notification

Legislation Updates Statutes/Bills/Ordinances

Central Government has power to prohibit strikes, lock-outs, and lay-offs in units engaged in essential defence services vide Essential Defence Services Act, 2021

The Central Government has notified the Essential Defence Services Act, 2021 on August 11, 2021. It shall be deemed to have come

Legislation Updates Statutes/Bills/Ordinances

Pre-packaged Insolvency Resolution Process for MSMEs, introduced vide IBC(Amendment) Act, 2021

On August 12, 2021, the Central Government has notified the Insolvency and Bankruptcy Code Amendment Act, 2021 which has brought Pre-packaged Insolvency

Legislation Updates Statutes/Bills/Ordinances

Battery-operated motor cabs, driven on methanol and ethanol exempted from necessity of permits vide Rent-a-Cab (Amendment) Scheme 2021

The Central Government has notified Rent-a-Cab (Amendment) Scheme 2021 on August 5, 2021. The Amendment provides that the battery-operated motor cabs and

Legislation Updates Statutes/Bills/Ordinances

Every factor shall register transaction with registry under SARFAESI, vide Factoring Regulation (Amendment) Act, 2021

The Parliament passes the Factoring Regulation (Amendment) Act, 2021 on 7th August, 2021, amending the Factoring Regulation Act, 2011. Key changes enacted

Legislation Updates Rules & Regulations

Determination of income of specified funds associated with units held by NRI, notified vide Income tax Amendment (22nd Amendment), Rules, 2021

The Central Board of Direct taxes has notified the Income tax Amendment (22nd Amendment), Rules, 2021 through circular dated the 9th August,

Legislation Updates Statutes/Bills/Ordinances

Rajya Sabha clears National Commission for Homoeopathy (Amendment) Bill, 2021 and National Commission for Indian System of Medicine (Amendment) Bill, 2021

On August 11, 2021, the Rajya Sabha passed the National Commission for Homoeopathy (Amendment) Bill, 2021 and the National Commission for Indian

Legislation Updates Notifications

MCA amends schedule III of Companies Act on disclosure norms in financial statements

On August 10, 2021, the Ministry of Corporate Affairs has stated various disclosures to be made by companies in their financial statements

Legislation Updates Statutes/Bills/Ordinances

Parliament passes General Insurance Business (Nationalisation) Amendment Bill, 2021

On August 11, 2021, the General Insurance Business (Nationalisation) Amendment Bill, 2021 was passed by Rajya Sabha. The Bill seeks to amend

Foreign Legislation Legislation Updates

USA | USCIS Expands Partnership with Social Security Administration

United States Citizenship and Immigration Services (USCIS) has released a press release that those applicants filing for lawful permanent resident status can

Legislation Updates Rules & Regulations

Indirect Foreign Investment would not constitute investments made by NRI owned Indian Entity vide Foreign Exchange Management (Non debt Instruments) (Amendment) Rules, 2021

The Ministry of Finance has notified Foreign Exchange Management (Non debt Instruments) (Amendment) Rules, 2021 on August 6, 2021. The Foreign Exchange

Legislation Updates Rules & Regulations

Merger of SEBI (Issue and listing of Debt Securities) Regulations, 2008 and SEBI (Issue and Listing of Non-Convertible Redeemable Preference Shares) Regulations, 2013 into SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021

The Securities and Exchange Board of India has notified SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 on August 9, 2021.

Legislation Updates Statutes/Bills/Ordinances

Parliament passes Tribunal Reforms Bill, 2021

On 9th August, the Tribunal Reform Bill, 2021 was passed by Rajya Sabha. The Bill was approved by the Lok Sabha on