Pharmacy Practice (Amendment) Regulations, 2021
On June 30, 2021, the Pharmacy Council of India in exercise of the powers conferred by sections 10 and 18 of the
Continue readingLegislation Updates
SEBI issues circular resolving issue of No Objection Certificate for release of 1% of Issue amount
The Securities and Exchange Board of India has issued a circular dated 05.07.2021 reducing the time-period for processing of NOC applications to
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Rajasthan Government amends Amnesty Scheme 2021 notification
The Finance Department of Rajasthan on July 01, 2021 has issued a notification to amend a previous notification with notification no. F.
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Arizona | Governor signs budget for Fiscal Year 2022
Arizona Government has passed Arizona’s fiscally conservative budget for Fiscal Year 2022, which cuts taxes for all taxpayers while investing in education, transportation,
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Income tax Amendment (18th Amendment), Rules, 2021
The Central Board of Direct Taxes has notified Income Tax Amendment (18th Amendment), Rules, 2021 on July 2, 2021. It further amends
Continue readingMinistry of Finance amends Credit Guarantee Fund for Micro Units (CGFMU)
On July 01, 2021, the Ministry of Finance has amended the Scheme known as the Credit Guarantee Fund for Micro Units (CGFMU)
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Retail and Wholesale trades included under MSMEs
The Minister of MSME and Road Transport and Highways has announced revised guidelines for MSMEs vide press release dated July 02, 2021.
Continue readingSEBI issues Master Circular for Commodity Derivatives Market
The Securities and Exchange Board of India has issued Master Circular No. SEBI/HO/CDMRD/DMP/P/CIR/2021/589 dated July 01, 2021, for commodity derivatives market. This
Continue readingGovernment approves Net Metering for Rooftop Solar Systems up to 500 kW Capacity
On June 28, 2021, the Ministry of Power has issued the Electricity (Rights of Consumers) (Amendment) Rules, 2021 to further amend the
Continue readingPresident promulgates Essential Defence Services Ordinance, 2021
On June 30, 2021, the President promulgates Essential Defence Services Ordinance, 2021 in order to provide the maintenance of essential defence services.
Continue readingTribunal, Appellate Tribunal and other Authorities (Qualifications, Experience and other Conditions of Service of Members) (Amendment) Rules, 2021
The Ministry of Finance has notified Tribunal, Appellate Tribunal and other Authorities (Qualifications, Experience and other Conditions of Service of Members) (Amendment)
Continue readingSEBI notifies relaxation in timelines for compliance with regulatory requirements
The Securities and Exchange Board of India has issued circular dated 30.06.2021 vide which the timelines for various regulatory compliances by the
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Covid 19 | Cabinet approves Loan Guarantee and Emergency Credit Line Schemes for Covid Affected sectors
The Union Cabinet vide Press Release dated June 30,2021 has announced the approval of Loan Guarantee Scheme for Covid Affected Sectors (LGSCAS)
Continue readingMerchant Shipping (Maritime Labour) Amendment Rules, 2021
The Central Government in exercise of the powers conferred by section 218A read with section 457 of the Merchant Shipping Act, 1958
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New York | Biometric Law to come into force in July
New York City had passed Biometric Identifier Information Law which comes into effect on July 9, 2021. Key features of the law
Continue readingCentral Government declares State of Nagaland to be ‘disturbed area’ for a period of 6 months
On June 30, 2020, the Central Government in exercise of the powers conferred by Section 3 of the Armed Forces (Special Powers)
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Labour Law | Minimum Wages across the World
The minimum wages across the world are mentioned below: S.no. Countries Minimum Wages 1 United Kingdom Age 23 and over –
Continue readingRBI issues guidelines on declaration of dividends by NBFCs
The Reserve Bank of India has issued circular dated June 24, 2021 prescribing the guidelines on distribution of dividend by NBFC’s. The
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Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021
On June 25, 2021, the Reserve Bank of India (RBI) has issued the RBI (Call, notice, and term money markets) Directions, 2021.
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Tripura Government revises Variable Dearness Allowance (VDA)
On June 21, 2021, the Labour Department (Tripura) has issued a notification on revision of Variable Dearness Allowance (VDA) on the basis
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