Ministry of Finance
‘The Memorandum’s intent appears to be protectionist’: The Arbitration Bar of India requests Ministry of Finance to withdraw memorandum on arbitration
“This Memorandum comes at a time when the world is looking to India to provide leadership in all spheres; more so given its economic heft. Instead of charting a path of growth by allowing businesses to realize their full potential, this Memorandum will potentially inhibit investment.”
CCPA publishes Rules for Employees of Central Authority
Central Consumer Protection Authority (Recruitment, Salary, Allowances and other Terms and Conditions of Service of Officers and Other Employees of Central Authority) Rules, 2024
CBDT exempts TDS for IFSC Units
The provisions will come into force on 1-4-2024.
MoF introduces International Exchange vide FEM (Non-debt Instruments) Amendment Rules, 2024
The definition of International Exchange introduced vide Foreign Exchange Management (Non-debt Instruments) Amendment Rules, 2024.
Courts should exercise restraint in exercising power of judicial review in contracts involving complex technical issues; SC reiterates
Supreme Court viewed that the Division Bench of Karnataka High Court, which was considering an appeal against a judgment of a Single Judge rejecting the writ petition, ought to have proceeded with circumspection.
MoF increases Gratuity Limit and Term Insurance Cover for LIC agents
On 18-9-2023, the Ministry of Finance approved a series of welfare measures for the benefit of Life Insurance Corporation of India (‘LIC’)
Principal Officer to also be a Management Level Officer vide PMLA (Maintenance of Records) Rules 2005
On 4-9-2023, the Ministry of Finance notified the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2023 to amend the Prevention
Setting Sun on the Beneficial Tax Regime for Offshore Debt under the ECB and FPI-Rupee Bond Routes
by Manisha Shroff† Ritu Shaktawat††, and Sneh Shah†††
Cite as: 2023 SCC OnLine Blog Exp 64
MoF mandates prior approval of RBI to Use International Credit Card overseas for making transactions covered under Schedule III
On 30-6-2023, the Ministry of Finance further amended the Foreign Exchange Management (Current Account Transactions) Rules, 2000. It will be deemed to
CBDT introduces Form No. 10-IEA for Application for exercise of option vide Income-tax (Tenth Amendment) Rules, 2023
On 21-6-2023, the Ministry of Finance notified the Income-tax (Tenth Amendment) Rules, 2023 to amend the Income-tax Rules, 1962. Key Points: Rule
CBDT notifies e-Appeals Scheme 2023 to streamline TDS and TCS appeals
On 29-5-2023, the Ministry of Finance notified the e-Appeals Scheme, 2023 to reduce pendency of appeals related to Tax Deducted at Source
Changes in India’s Overseas Investment Framework: Addressing the Round-Tripping Dilemma
by Rabindra Jhunjhunwala† and Sushmita Som††
Cite as: 2023 SCC OnLine Blog Exp 47
MoF tightens rules on International Credit Card transactions vide FEMA (Current Account Transactions) (Amendment) Rules, 2023
On 16-5-2023, the Ministry of Finance notified the Foreign Exchange Management (Current Account Transactions) (Amendment) Rules, 2023 to amend the Foreign Exchange
MoF widens ambit of “Person carrying on designated business or profession” under PMLA
On 9-5-2023, the Ministry of Finance notified that the following activities when carried out in the course of business on behalf of
LEGISLATION MARCH 2023 | 17+ Stories on New Drugs and Clinical Trials Development Methodology revised; Surrogacy Methods of Treatment revised; Maximum Allowed CF for Emission Testing introduced; SEBI Circulars & more
MINISTRY OF FINANCE “Implementation of Policies by groups” introduced vide PML (Maintenance of Records) Amendment Rules, 2023 On 7-3-2023, the Ministry of
Call For Papers: NUJS Law Review : Special Issue on Disability Law and Disability Rights Movement
NUJS Law Review is the leading student-reviewed law journal of this country and is continuously cited by the Supreme Court with its
Shardul Amarchand Mangaldas advises Core Infrastructure India Fund and Global Energy Efficiency and Renewable Energy Fund on sale of their stake in SolarArise India Projects to Thomas Lloyd Energy Impact Trust Plc.
14 February 2023| New Delhi: : Shardul Amarchand Mangaldas & Co. advised Core Infrastructure India Fund Pte Limited (a fund of the
Whether Air Force Group Insurance Society, Air HQs Non-public Fund Organization, and CRPF Employees Educational Society be treated as ‘State’ under Article 12? Delhi High Court rules
Even though petitioners have claimed that deduction of an amount of their contribution to the Society is permitted by the Ministry of Finance and that the land to run the Society is allocated by the Government, we find that purpose to provide aid in the form of sanction and land to the Society is to enable it to function smoothly to the benefit of its members. However, this does not establish that these functionaries are being run by the Air Force or the Central Government.
LEGISLATION JANUARY 2023 ROUND UP| 18 + Stories on National Green Hydrogen Mission; MCA notifications; IFSCA Regulations on Appointed Actuary; Renewal of registration certificate of Govt. Vehicles and many more
Union Cabinet Cabinet approves National Green Hydrogen Mission The Union Cabinet has approved National Green Hydrogen Mission. The initial outlay for the