Drugs (4th Amendment) Rules, 2022<\/strong><\/p>\n On April 04, 2022, the Central Government has notified the Drugs (4th Amendment) Rules, 2022 to further amend the Drugs Rules, 1945<\/a>. This has come into force on April 4, 2022.<\/p>\n READ MORE <\/span>HERE<\/span><\/a><\/p>\n Nidhi (Amendment) Rules, 2022<\/span><\/span><\/strong><\/p>\n On April 19, 2022, the Ministry of Corporate Affairs has notified Nidhi (Amendment) Rules, 2022<\/span><\/span> to amend the Nidhi Rules, 2014<\/a><\/span><\/span>.<\/p>\n READ MORE HERE<\/a><\/span><\/p>\n Companies (Management and Administration) Amendment Rules, 2022<\/span><\/span><\/strong><\/p>\n The Central Government has notified Companies (Management and Administration) Amendment Rules, 2022 to <\/span>amend the Companies (Management and Administration) Rules, 2014<\/a>. The amendment inserts a proviso in Rule 14 which deals with Inspection of registers, returns<\/b>. The proviso states a list of particulars of the register or index or return in respect of the members of a company shall not be made available for any inspection. <\/span><\/span><\/span><\/p>\n READ MORE <\/span>HERE<\/span><\/a><\/p>\n READ MORE HERE<\/a><\/p>\n \n Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2022<\/strong><\/p>\n On April 12, 2022, the Department of Economic Affairs (DEA) has issued the Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2022 to further amend the Foreign Exchange Management (Non-debt Instruments) Rules, 2019<\/a>.<\/p>\n READ MORE HERE<\/a><\/span><\/p>\n <\/p>\n Income-tax (Eleventh Amendment) Rules, 2022<\/strong><\/p>\n On April 29, 2022, the Central Board of Direct Taxes (CBDT) has issued the Income-tax (Eleventh Amendment) Rules, 2022 to amend the Income-tax Rules, 1962 and introduces manner for filing updated return of income and Form ITR-U (ITR for updated return).<\/p>\n READ MORE HERE<\/a><\/span><\/p>\n Income-tax (10th Amendment) Rules, 2022<\/strong><\/p>\n On April 22, 2022, the Central Board of Direct Taxes (CBDT) has issued the Income-tax (10th Amendment) Rules, 2022 to amend the Income-tax Rules, 1962.<\/p>\n READ MORE <\/span>HERE<\/span><\/a><\/p>\n On April 21, 2022, the Central Board of Direct Taxes (CBDT) has issued the Income-tax (Ninth Amendment) Rules, 2022 to amend Income-tax Rules, 1962. Rule 12AB dealing conditions for furnishing return of income by persons referred in section 139 (1) (a) has been inserted.<\/p>\n READ MORE HERE<\/a><\/span><\/p>\n Income Tax (8th<\/sup> Amendment) Rules, 2022<\/strong><\/p>\n On 6th<\/sup> April, 2022, Ministry of Finance notified Income Tax (8th<\/sup> Amendment) Rule, 2022. This amendment aims to amend the guidelines of Infrastructure Debt Fund in the parent rules of Income Tax Rules, 1961. The 8th<\/sup> amendment will be in force with immediate effect.<\/p>\n READ MORE <\/span>HERE<\/span><\/a><\/p>\n Income Tax (7th<\/sup> Amendment) Rules, 2022<\/strong><\/p>\n On 5th<\/sup> April, 2022, Ministry of Finance<\/u> notified Income Tax (7th<\/sup> Amendment) Rules, 2022<\/strong>. The Central Board of Direct Taxes (CBDT<\/strong>) with the new financial year aims to bring more transparency in tax payments and returns by reducing disputes between officials \/authorities and taxpayers. These rules will be made applicable with immediate effect.<\/p>\n READ MORE <\/span>HERE<\/span><\/a><\/p>\n Income-tax (5th Amendment) Rules, 2022<\/strong><\/p>\n The Central Board of Direct Taxes vide notification dated 1st April, 2022 has issued the Income-tax (5th Amendment) Rules, 2022 effective April 01, 2022. The amendment has substituted Form ITR-7 with the new one.<\/p>\n READ MORE <\/span>HERE<\/span><\/a><\/p>\n International Financial Services Centres Authority (Fund Management) Regulations, 2022<\/strong><\/p>\n On 19th<\/sup> April, 2022, Ministry of Finance introduced International Financial Services Centres Authority (Fund Management) Regulations, 2022. These regulations aim to define powers of the International Financial Services Centres Authority (IFSCA)<\/strong> in respect of fund management which will be applicable from 2nd<\/sup> May, 2022.<\/p>\n READ MORE <\/span>HERE<\/span><\/a><\/p>\n Customs (Electronic Cash Ledger) Regulations, 2022<\/span><\/span><\/strong><\/p>\n The Central Board of Indirect Taxes and <\/span>Customs notifies Customs (Electronic Cash Ledger) Regulations, 2022. The Regulations provides provisions relating to Manner of maintaining Electronic Cash Ledger, Manner of making payment from the electronic cash ledge<\/span>r and Refund.<\/span><\/span><\/p>\n READ MORE <\/span>HERE<\/span><\/a><\/p>\n e-Dispute Resolution Scheme, 2022<\/strong><\/p>\n On April 05, 2022, the Central Board Of Direct Taxes (CBDT) has issued the e-Dispute Resolution Scheme, 2022 by the Dispute Resolution Committee on applications made for dispute resolution under Chapter XIX-AA of the Act in respect of dispute arising from any variation in the specified order by such persons or class of persons, as may be specified by the Board.<\/p>\n READ MORE <\/span>HERE<\/span><\/a><\/p>\n National Insurance Company Limited (Merger) Amendment Scheme, 2022<\/span><\/span><\/strong><\/p>\n The Central <\/span>Government notifies National Insurance Company Limited (Merger) Amendment Scheme, 2022 to amend the National Insurance Company <\/span>Limited (Merger) Scheme, 1973. <\/span><\/span><\/p>\n <\/span>In the National Insurance Company Limited (Merger) Scheme, 1973,<\/span> the<\/span> authorised share capital of three public sector general insurance companies has been enhanced from \u2018seven thousand five hundred crore divided into seven hundred <\/span>fifty crore\u2019<\/span> to \u2018<\/span>fifteen thousand crore divided into fifteen hundred crore\u2019<\/span>.\u00a0 <\/span><\/p>\n READ HERE<\/a><\/p>\n Criminal Procedure (Identification) Bill, 2022<\/strong><\/p>\n On April 18, 2022, the Criminal Procedure (Identification) Bill, 2022 has received President\u2019s assent in order to authorise the law enforcement agencies for taking measurements of convicts and other persons for <\/span>the purposes of identification and investigation in criminal matters and to <\/span>preserve records. <\/span>It shall come into force on such date as the Central Government may, by notification <\/span>in the Official Gazette, appoint.<\/span><\/p>\n READ MORE <\/span>HERE<\/span><\/a><\/p>\n Delhi Municipal Corporation (Amendment) Act, 2022<\/strong><\/p>\n On 18th<\/sup> April, 2022, Central government notified Delhi Municipal Corporation (Amendment) Act, 2022<\/strong>. In an attempt to improvise the constitutional setup of Delhi Municipal Corporation, provisions of Delhi Municipal Corporation Act, 1957(Act)<\/strong> have been amended which will come into force on date(s) yet to be announced by Central Government from time to time.<\/p>\n READ MORE <\/span>HERE<\/span><\/a><\/p>\n Merchant Shipping (Recruitment and Placement of Seafarers) Amendment Rules, 2022<\/span><\/span><\/span><\/strong><\/p>\n T<\/span>he Central Government notified Merchant Shipping (Recruitment and Placement of Seafarers) Amendment Rules, 2022<\/span><\/span> to amend the Merchant Shipping (Recruitment and Placement of Seafarers) Rules, <\/span>2016<\/span><\/span>. <\/span>In the Merchant Shipping (Recruitment and Placement of Seafarers) Rules, 2016<\/span>, in rule 9 dealing with Procedure for issue of licence and its renewal, in sub-rule (3), after the word \u201clicence\u201d, the words \u201cwithin fifteen <\/span>days\u201d shall be inserted.<\/span><\/span> READ MORE <\/span>HERE<\/span><\/a><\/p>\n Electricity (Rights of Consumers) Amendment Rules, 2022<\/strong><\/p>\n On April 20, 2022, the Ministry of Power has issued the Electricity (Rights of Consumers) Amendment Rules, 2022 to amend Electricity (Rights of Consumers) Rules, 2020.<\/p>\n READ MORE HERE<\/a><\/span><\/p>\n Securities and Exchange Board of India (Custodian) (Amendment) Regulations, 2022<\/strong><\/p>\n The Securities and Exchange Board of India has issued the Securities and Exchange Board of India (Custodian) (Amendment) Regulations, 2022 to amend Securities and <\/span><\/span>Exchange Board of India (Custodian) Regulations, 1996<\/span><\/span><\/a>.<\/p>\n The amendment modifies Regulation 8 dealing with Procedure and grant of certificate<\/b> and inserts clause (7) to provide that a custodian holding a certificate of registration as on the date of commencement of the Securities and Exchange Board of India (Custodian) (Amendment) Regulations, 2022, may provide custodial services in respect of silver or silver related instruments held by a mutual fund only after taking prior approval of the Board.<\/p>\n READ <\/span>HERE<\/span><\/a><\/p>\n Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (3rd<\/sup> Amendment) Regulations, 2022<\/strong><\/p>\n On 11th<\/sup> April, 2022, Securities and Exchange Board of India issues Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (3rd<\/sup> Amendment) Regulations, 2022. This regulation comes into effect with immediate effect and aims to replace \u201casset cover\u201d with \u201csecurity cover\u201d for the listed debt with Securities and Exchange Board of India (SEBI<\/strong>). Asset cover certificate is used to monitor the adequacy of assets charged against the debt obligations of the person issuing it. It is submitted to the Debenture Trustee.<\/p>\n READ MORE <\/span>HERE<\/span><\/a><\/p>\n Master Direction on Penal Provisions in deficiencies in reporting of transactions\/ balances at Currency Chests<\/strong><\/p>\n On April 01, 2022, the Reserve Bank of India (RBI) has issued Master Direction on Penal Provisions in deficiencies in reporting of transactions\/ balances at Currency Chests.<\/p>\n
\nMINISTRY OF CORPORATE AFFAIRS<\/span><\/h3>\n
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\nMINISTRY OF FINANCE<\/span><\/h3>\n
\nIncome-tax (Ninth Amendment) Rules, 2022<\/h4>\n
\nMINISTRY OF LAW AND JUSTICE<\/span><\/h3>\n
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\nMINISTRY OF SHIPPING<\/span><\/h3>\n
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\nMINISTRY OF POWER<\/span><\/h3>\n
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\nSECURITIES EXCHANGE BOARD OF INDIA<\/span><\/h3>\n
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\nRESERVE BANK OF INDIA<\/span><\/h3>\n
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