{"id":283003,"date":"2023-02-03T11:00:46","date_gmt":"2023-02-03T05:30:46","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=283003"},"modified":"2023-02-03T09:46:07","modified_gmt":"2023-02-03T04:16:07","slug":"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","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2023\/02\/03\/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\/","title":{"rendered":"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"},"content":{"rendered":"
\n

Union Cabinet<\/h4>\n

Cabinet approves National Green Hydrogen Mission<\/p>\n

The Union Cabinet has approved National Green Hydrogen Mission. The initial outlay for the Mission will be Rs. 19,744 crore, including an outlay of Rs. 17,490 crore for the SIGHT programme, Rs. 1,466 crore for pilot projects, Rs. 400 crore for R&D, and Rs. 388 crore towards other Mission components. MNRE will formulate the scheme guidelines for implementation of the respective components.<\/p>\n

READ MORE<\/a><\/p>\n

Ministry of Finance<\/h4>\n

MoF notifies the Securities Contracts (Regulation) Amendment Rules, 2022<\/p>\n

On 2-1-2023, the Ministry of Finance has notified the Securities Contracts (Regulation) Amendment Rules, 2022 to amend the Securities Contracts (Regulation) Rules, 1957<\/a>. The provisions of this circular came into effect on 2-1-2023.<\/p>\n

READ MORE<\/a><\/p>\n

IFSCA notifies IFSCA (Appointed Actuary) Regulations, 2022<\/p>\n

On 12-1-2023, the International Financial Services Centres Authority notified International Financial Services Centres Authority (Appointed Actuary) Regulations, 2022. The regulations lay down regulatory framework for the persons who are engaged by the Insurance Officers (‘IOs’) to perform the roles and discharge the functions as Appointed Actuary (‘AA’).<\/p>\n

READ MORE<\/a><\/p>\n

Ministry of Finance issues Rs. 75 coin on the occasion of 75 years of raising of NCC<\/p>\n

On 25-1-2023, the Ministry of Finance notified the Coinage (Issue of Commemorative Coin on the Occasion of 75 Years of Raising of National Cadet Corps) Rules, 2023. The provisions came into effect on 25-1-2023.<\/p>\n

READ MORE<\/a><\/p>\n

Ministry of Corporate Affairs<\/h4>\n

MCA revises Form No. AOC-5 vide Companies (Accounts) Amendment Rules, 2023<\/p>\n

On 20-1-2023, the Ministry of Corporate Affairs notified the Companies (Accounts) Amendment Rules, 2023 to amend the Companies (Accounts) Rules, 2014<\/a>. The provisions will come into effect from 23-1-2023.<\/p>\n

READ MORE<\/a><\/p>\n

MCA revises Form URC-1 vide Companies (Authorized to Register) Amendment Rules, 2023<\/p>\n

On 20-1-2023, the Ministry of Corporate Affairs notified the Companies (Authorized to Register) Amendment Rules, 2023 to amend the Companies (Authorized to Register) Rules, 2014. The provisions will come into effect from 23-1-2023.<\/p>\n

READ MORE<\/a><\/p>\n

Companies (Registration Offices and Fees) Amendment Rules, 2023<\/p>\n

The Central Government has notified Companies (Registration Offices and Fees) Amendment Rules, 2023 to amend the Companies (Registration Offices and Fees) Rules, 2014<\/a>. They shall come into force with effect from 23-01-2023.<\/p>\n

READ MORE<\/a><\/p>\n

MCA revises Form MGT —3 and 14 vide Companies (Management and Administration) Amendment Rules, 2023<\/p>\n

On 23-1-2023, the Ministry of Corporate Affairs notified Companies (Management and Administration) Amendment Rules, 2023 to amend the Companies (Management and Administration) Rules, 2014<\/a>. The provisions have come into effect from 23-1-2023.<\/p>\n

READ MORE<\/a><\/p>\n

MCA revises Forms MSC-1, MSC-3 & MSC-4 vide Companies (Miscellaneous) Amendment Rules, 2023<\/p>\n

On 20-1-2023, the Ministry of Corporate Affairs notified the Companies (Miscellaneous) Amendment Rules, 2023 to amend the Companies (Miscellaneous) Rules, 2014. The provisions came into effect on 23-1-2023.<\/p>\n

READ MORE<\/a><\/p>\n

Ministry of Health and Family Welfare<\/h4>\n

Additional educational requirements, powers and duties of Designated Officers, Food Officers and Analysts introduced vide Food Safety and Standards (First Amendment) Rules, 2022<\/p>\n

On 20-01-2023, the Ministry of Health and Family Welfare notified the Food Safety and Standards (First Amendment) Rules, 2022, to further amend Food Safety and Standards Rules 2011.<\/p>\n

READ MORE<\/a><\/p>\n

Ministry of Communications<\/h4>\n

Indian Telegraph (Infrastructure Safety) Rules, 2022<\/p>\n

On 3-1-2023, the Ministry of Communications has notified the Indian Telegraph (Infrastructure Safety) Rules, 2022. The Rules came into effect on 3-1-2023.<\/p>\n

READ MORE<\/a><\/p>\n

Ministry of Power<\/h4>\n

Electricity produced from a non- fossil fuel\/ offshore wind projects exempted from additional surcharge vide Electricity (Promoting Renewable Energy Through Green Energy Open Access) Amendment Rules, 2023<\/p>\n

On 27-1-2023, the Ministry of Power notified the Electricity (Promoting Renewable Energy Through Green Energy Open Access) Amendment Rules, 2023 to amend Electricity (Promoting Renewable Energy Through Green Energy Open Access) Rules, 2022<\/a>. The provisions came into force on 27-1-2023.<\/p>\n

READ MORE<\/a><\/p>\n

Ministry of Road Transport and Highways<\/h4>\n

Renewal of certificate of registration of Government vehicles, introduced vide Central Motor Vehicles (First Amendment) Rules, 2023<\/p>\n

On 17-1-2023, the Ministry of Road Transport and Highways notified Central Motor Vehicles (First Amendment) Rules, 2023 to amend the Central Motor Vehicles Rules, 1989<\/a>. The provisions of this circular will come into force on 1-4-2023.<\/p>\n

READ MORE<\/a><\/p>\n

Securities and Exchange Board of India (SEBI)<\/h4>\n

SEBI extends timeline for entering and verifying of details in Security and Covenant Monitoring system<\/p>\n

On 5-1-2023, the Securities and Exchange Board of India (‘SEBI’) has extended the timelines for entering and verifying the details of the existing outstanding non- convertible securities in the “Security and Covenant Monitoring” system hosted by Depositories.<\/p>\n

READ MORE<\/a><\/p>\n

SEBI notifies limited relaxation on Reg 58 of SEBI (LODR) Regulations, 2015<\/p>\n

On 5-1-2023, the Securities and Exchange Board of India (‘SEBI’) has notified a limited relaxation on Regulation 58 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015<\/a> that deals in dispatch of physical copies of financial statements to debenture holders. The provisions of this circular have come into force with immediate effect.<\/p>\n

READ MORE<\/a><\/p>\n

SEBI (Registrars to an Issue and Share Transfer Agents) (Amendment) Regulation, 2023<\/p>\n

On 9-1-2023, the Securities and Exchange Board of India (‘SEBI’) issued SEBI (Registrars to an Issue and Share of Transfer Agents) (Amendment) Regulations, 2023.<\/p>\n

READ MORE<\/a><\/p>\n

Enhanced obligations and responsibilities for qualified stock-brokers, introduced vide SEBI (Stock-Brokers) (Amendment) Regulations, 2023<\/p>\n

On 17-1-2023, the Securities and Exchange Board of India notified the Securities and Exchange Board of India (Stock Brokers) (Amendment) Regulations, 2023 to amend the Securities and Exchange Board of India (Stock Brokers) Regulations, 1992. The provisions came into effect on 17-1-2023 except for the provisions of Regulation 17, Schedule V and Schedule VI.<\/p>\n

READ MORE<\/a><\/p>\n

Reserve Bank of India (RBI)<\/h4>\n

RBI modifies BASEL III Capital Regulations- Eligible CRAs<\/p>\n

On 9-1-2023, the Reserve Bank of India (‘RBI’) modified the Master circular on Basel III Capital regulations revising the list of the domestic Credit Rating Agencies (‘CRAs’) accredited for the purpose of risk weighing banks’ claims for capital adequacy purposes.<\/p>\n

READ MORE<\/a><\/p>\n

State Legislation<\/h4>\n

Goa Government notifies Goa Drone Policy, 2022<\/p>\n

On 5-1-2023, the Government of Goa notified the Goa Drone Policy, 2022 recognizing the potential of the drone sector and foreseeing the need to act as a catalyst and enabler in establishing an ecosystem that will allow drone companies to thrive in the State.<\/p>\n

READ MORE<\/a><\/p>\n

Live Streaming and Recording of Court Proceedings Rules of the High Court of Delhi, 2022<\/p>\n

On 13-1-2023, the High Court of Delhi notified the Live Streaming and Recording of Court Proceedings Rules of the High Court of Delhi, 2022. The rules came into effect on 13-1-2023.<\/p>\n

READ MORE<\/a><\/p>\n\n

*Kriti Kumar, Editorial Assistant has reported this round up.<\/span><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Union Cabinet Cabinet approves National Green Hydrogen Mission The Union Cabinet has approved National Green Hydrogen Mission. 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