{"id":302776,"date":"2023-10-01T13:00:56","date_gmt":"2023-10-01T07:30:56","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=302776"},"modified":"2023-10-01T12:38:13","modified_gmt":"2023-10-01T07:08:13","slug":"legislation-roundup-september-2023-legal-update","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2023\/10\/01\/legislation-roundup-september-2023-legal-update\/","title":{"rendered":"Legislation Roundup September 2023: 106th Constitutional Amendment Act, 2023; Mediation Act 2023; Law Commission Report recommendation to amend POCSO; and more"},"content":{"rendered":"
\n

STATUTES\/BILLS\/ORDINANCES<\/p>\n

106th Constitutional Amendment Act 2023 paves the way for Women Lawmakers<\/p>\n

On 28-9-2023, the Ministry of Law and Justice notified the Constitution (One Hundred and Sixth Amendment) Act, 2023 to further amend the Constitution of India.<\/p>\n

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

[Women’s Reservation Bill] Government introduces ‘Nari Shakti Vandan Adhiniyam’ in Lok Sabha<\/p>\n

On 19-9-2023, the Constitution (One hundred and Twenty-eighth Amendment) Bill, 2023 was introduced in Lok Sabha by the Law Minister, Arjun Ram Meghwal to amend the Constitution of India.<\/p>\n

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

Upper House unanimously passes the Constitution (One hundred and Twenty-eighth Amendment) Bill, 2023<\/p>\n

The Bill was passed by Lok Sabha on 20-9-2023 with a ratio of 254:2 and on 21-9-2023, the bill was laid on the table of Rajya Sabha for approval.<\/p>\n

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

LAW COMMISSION REPORT<\/p>\n

[Law Commission Report 283] Law Commission recommends amending POCSO Act, JJ Act and Penal Code<\/p>\n

On 27-9-2023, the Law Commission of India publishes its Report No. 283 on the subject “Age of Consent under the Protection of Children from Sexual Offences Act, 2012<\/a>” (‘POCSO’). The Report talks about bringing certain amendments in the POCSO Act to remedy the situation where there is a tacit approval in fact and not a consent in law on part of the child aged between 16 to 18 years. However, the Commission was of the view that it is not advisable to tinker with the existing age of consent under the POCSO Act.<\/p>\n

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

MINISTRY OF FINANCE<\/p>\n

Government constitutes State Benches of GST Appellate Tribunal with effect from 14-9-2023<\/p>\n

On 14-9-2023, the Central Government, on recommendations of the Goods and Services Tax (‘GST’) Council, constitutes the State Benches of the Goods and Services Tax Appellate Tribunal with effect from 14-9-2023.<\/p>\n

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

Principal Officer to also be a Management Level Officer vide PMLA (Maintenance of Records) Rules 2005<\/p>\n

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 of Money-laundering (Maintenance of Records) Rules, 2005.<\/p>\n

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

CBDT lays down provisions relating to online gaming vide CGST (Third Amendment) Rules, 2023<\/p>\n

On 29-9-2023, the Central Board of Indirect Taxes and Customs notified the Central Goods and Services Tax (Third Amendment) Rules, 2023 to amend the Central Goods and Services Tax Rules, 2017. The provisions will come into force on 1-10-2023.<\/p>\n

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

MINISTRY OF LAW & JUSTICE<\/p>\n

Mediation Bill 2023 receives President’s assent<\/p>\n

On 15-9-2023, the Ministry of Law and Justice notified the Mediation Act, 2023 to especially promote institutional mediation for resolution of disputes, enforce mediated settlement agreements, provide for a body for registration of mediators, to encourage community mediation and to make online mediation as acceptable and cost-effective process.<\/p>\n

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

MINISTRY OF CORPORATE AFFAIRS<\/p>\n

MCA revises Forms 3 & 4 vide LLP (Second Amendment) Rules, 2023<\/p>\n

On 1-9-2023, the Ministry of Corporate Affairs notified the Limited Liability Partnership (Second Amendment) Rules, 2023 to amend the Limited Liability Partnership Rules, 2009. The provisions came into force on 1-9-2023.<\/p>\n

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

INDIAN INTERNATIONAL ARBITRATION CENTRE (‘IIAC’)<\/p>\n

IIAC (Conduct of Arbitration) Regulations, 2023<\/p>\n

On 01-09-2023, India International Arbitration Centre (IIAC) notified the India International Arbitration Centre (Conduct of Arbitration) Regulations, 2023 (The ‘Regulations’).<\/p>\n

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

SECURITIES & EXCHANGE BOARD OF INDIA (‘SEBI’)<\/p>\n

SEBI notifies new format of Abridged Prospectus for Public Issue of Non-Convertible Debt Securities and\/or Non-convertible Redeemable Preference Shares<\/p>\n

On 4-9-2023, the Securities and Exchange Board of India (‘SEBI’) notified new format of Abridged Prospectus for public issues of Non-convertible Redeemable Preference Shares to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.<\/p>\n

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

RESERVE BANK OF INDIA (‘RBI’)<\/p>\n

RBI asks lenders to maintain additional daily balance to keep liquidity tight<\/p>\n

On 8-9-2023, the Reserve Bank of India (‘RBI’) decides to discontinue the Incremental Cash Reserve Ration (‘I-CRR’) in a phased manner and start releasing the amount in stages so that the liquidity is not subjected to sudden shocks and money markets function properly.<\/p>\n

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

RBI issues Master Directions on Classification, Valuation and Operation of Investment Portfolio of Commercial Banks excluding RRBs<\/p>\n

On 12-9-2023, the Reserve Bank of India (‘RBI’) notified the Classification, Valuation and Operation of Investment Portfolio of Commercial Banks, Directions, 2023 updating the regulatory guidelines with global standards and best practices. The provisions will come into force on 1-4-2024.<\/p>\n

READ MORE<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

STATUTES\/BILLS\/ORDINANCES 106th Constitutional Amendment Act 2023 paves the way for Women Lawmakers On 28-9-2023, the Ministry of Law and Justice notified the <\/p>\n","protected":false},"author":67515,"featured_media":302779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45673,48207],"tags":[45675,58091,58092,61502],"class_list":["post-302776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-columns-for-roundup","category-legislation-roundup","tag-legal-roundup","tag-legislation-roudup","tag-monthly","tag-september-roundup"],"yoast_head":"\nLegislation Roundup September 2023 | SCC Blog<\/title>\n<meta name=\"description\" content=\"Legislation Roundup September 2023: 106th Constitutional Amendment Act, 2023; Mediation Act 2023; Law Commission Report recommendation to amend POCSO.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2023\/10\/01\/legislation-roundup-september-2023-legal-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Legislation Roundup September 2023: 106th Constitutional Amendment Act, 2023; 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Now, the present Law Minister,\u2026","rel":"","context":"In "Legal RoundUp"","block_context":{"text":"Legal RoundUp","link":"https:\/\/www.scconline.com\/blog\/post\/category\/columns-for-roundup\/"},"img":{"alt_text":"legislation roundup july 2023","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/legislation-roundup-july-2023.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/legislation-roundup-july-2023.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/legislation-roundup-july-2023.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/legislation-roundup-july-2023.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":302671,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/09\/29\/constitution-106-amendment-act-2023-reservation-for-women-legal-news\/","url_meta":{"origin":302776,"position":1},"title":"106th Constitutional Amendment Act 2023 paves the way for Women Lawmakers","author":"Kriti","date":"September 29, 2023","format":false,"excerpt":"On 28-9-2023, the Ministry of Law and Justice notified the Constitution (One Hundred and Sixth Amendment) Act, 2023 to further amend the Constitution of India.","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"constitution (one hundred and sixth amendment) act 2023","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/09\/constitution-one-hundred-and-sixth-amendment-act-2023.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/09\/constitution-one-hundred-and-sixth-amendment-act-2023.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/09\/constitution-one-hundred-and-sixth-amendment-act-2023.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/09\/constitution-one-hundred-and-sixth-amendment-act-2023.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":301894,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/09\/19\/nari-shakti-vandan-bill-introduced-in-lok-sabha-legal-news\/","url_meta":{"origin":302776,"position":2},"title":"[Women’s Reservation Bill] Government introduces \u2018Nari Shakti Vandan Adhiniyam\u2019 in Lok Sabha","author":"Kriti","date":"September 19, 2023","format":false,"excerpt":"Today is a \u201chistoric moment for women empowerment\u201d says Prime Minister.","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"nari shakti vandan bill","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/09\/nari-shakti-vandan-bill-1.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/09\/nari-shakti-vandan-bill-1.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/09\/nari-shakti-vandan-bill-1.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/09\/nari-shakti-vandan-bill-1.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":302119,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/09\/22\/constitution-one-hundred-and-twenty-eighth-amendment-2023-passed-by-rajya-sabha\/","url_meta":{"origin":302776,"position":3},"title":"Upper House unanimously passes the Constitution (One hundred and Twenty-eighth Amendment) Bill, 2023","author":"Kriti","date":"September 22, 2023","format":false,"excerpt":"\u201cA historic achievement\u201d The Bill was passed by Lok Sabha on 20-9-2023 with a ratio of 254:2 and on 21-9-2023, the bill was laid on the table of Rajya Sabha for approval. 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