{"id":325640,"date":"2024-07-03T17:00:17","date_gmt":"2024-07-03T11:30:17","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=325640"},"modified":"2024-07-03T16:54:37","modified_gmt":"2024-07-03T11:24:37","slug":"legislation-roundup-june-2024-legal-update","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2024\/07\/03\/legislation-roundup-june-2024-legal-update\/","title":{"rendered":"LEGISLATION ROUNDUP JUNE 2024: 53rd GST Council Meeting; Cinematograph Rules; SEBI & RBI Circulars & more"},"content":{"rendered":"
\n

53rd<\/span> GST COUNCIL MEETING<\/h4>\n

Aadhaar-Based Biometric Authentication to roll out; Railways and Hostels remains exempted from GST<\/p>\n

In the 53rd GST Council Meeting held on 22-06-2024, the Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs announced various substantial initiatives to tackle matters to tax amendments, Aadhaar integration, and exemption in railway and hostel services.<\/p>\n

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

MINISTRY OF COSUMER AFFAIRS<\/h4>\n

CCPA publishes Rules for Employees of Central Authority<\/p>\n

On 4-6-2024, the Ministry of Consumer Affairs, Food and Public Distribution has made the Central Consumer Protection Authority (Recruitment, Salary, Allowances and other Terms and Conditions of Service of Officers and Other Employees of Central Authority) Rules, 2024.<\/p>\n

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

MINISTRY OF COMMUNICATIONS<\/h4>\n

Certain provisions of Telecommunications Act, 2023<\/a>, notified<\/p>\n

On 21-06-2024, the Department of Telecommunications of the Ministry of Communications notified the enforcement date on which the provisions of Sections 1<\/a>, 2<\/a>, 10<\/a> to 30<\/a>, 42<\/a> to 44<\/a>, 46<\/a>, 47<\/a>, 50<\/a> to 58<\/a>, 61<\/a>, and 62<\/a> of the Telecommunications Act, 2023<\/a> (‘Act’) would come into force.<\/p>\n

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

MINISTRY OF LAW & JUSTICE<\/h4>\n

Mediation Council of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and Members) Rules, 2024<\/p>\n

On 13-6-2024, the Ministry of Law and Justice notified the Mediation Council of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and Members) Rules, 2024.<\/p>\n

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

MINISTRY OF INFORMATION & BROADCASTING<\/h4>\n

Cinematograph (Adjudication of Penalty) Rules, 2024<\/p>\n

On 7-6-2024, the Ministry of Information and Broadcasting notified the Cinematograph (Adjudication of Penalty) Rules, 2024 to empower authorized officer to report violation and impose penalty. The provisions came into force on 7-6-2024.<\/p>\n

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

MINISTRY OF COMMERCE & INDUSTRY<\/h4>\n

Central Government notifies Boiler (Inquiry, Adjudication and Appeal) Rules, 2024<\/p>\n

On 21-06-2024, the Department for Promotion of Industry and Internal Trade of the Ministry of Commerce and Industry notified the Boiler (Inquiry, Adjudication and Appeal) Rules, 2024. These rules have been made to supplement the procedure of the complaints, inquiry, adjudication, and appeal regarding the penalties of the Boilers Act, 1923<\/a>.<\/p>\n

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

MINISTRY OF SOCIAL JUSTICE & EMPOWERMENT<\/h4>\n

Ministry of Social Justice and Empowerment modifies ‘Rules for Accessibility’ vide Rights of Persons with Disabilities (Amendment) Rules, 2024<\/p>\n

on 20-06-2024, the Ministry of Social Justice and Empowerment notified the Rights of Persons with Disabilities (Amendment) Rules, 2024 to amend sub-rule (1) of Rule 15 of the Rights of Persons with Disabilities Rules, 2017<\/a>.<\/p>\n

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

MINISTRY OF PERSONNEL, PUBLIC GRIEVANCES & PENSIONS<\/h4>\n

Centre notifies the Public Examinations (Prevention of Unfair Means) Rules, 2024<\/p>\n

On 23-06-2024, the Department of Personnel and Training of the Ministry of Personnel, Public Grievances and Pensions notified the Public Examinations (Prevention of Unfair Means) Rules, 2024 to supplement the Public Examinations (Prevention of Unfair Means) Act, 2024.<\/p>\n

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

INDIA INTERNATIONAL ARBITRATION CENTRE (‘IIAC’)<\/h4>\n

IIAC (Conduct of Micro and Small Enterprises Arbitration) Regulations, 2024<\/p>\n

On June 07, 2024, IIAC has made India International Arbitration Centre (Conduct of Micro and Small Enterprises Arbitration) Regulations 2024 (‘The Regulations’) recognising the need to promote faster and more effective resolution of disputes affecting Micro and Small Enterprises as part of its efforts to promote arbitration in this very important sector in the Indian economy.<\/p>\n

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

INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY (‘IFSCA’)<\/h4>\n

IFSC (Book-keeping, Accounting, Taxation and Financial Crime Compliance Services) Regulations, 2024<\/p>\n

On 6-6-2024, the International Financial Services Centres Authority notified the International Financial Services Centres Authority (Book-keeping, Accounting, Taxation and Financial Crime Compliance Services) Regulations, 2024.<\/p>\n

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

SECURITIES & EXCHANGE OF INDIA (‘SEBI’)<\/h4>\n

SEBI issues Master Circular to include all previous circulars related to Foreign Portfolio Investors, Designated Depository Participants, and Eligible Foreign Investors<\/p>\n

On 30-05-2024, the Securities and Exchange Board of India (‘SEBI’) issued a Master Circular for Foreign Portfolio Investors, Designated Depository Participants, and Eligible Foreign Investors to incorporate all circulars pertaining to Foreign Portfolio Investors and Designated Depository Participants issued earlier.<\/p>\n

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

SEBI introduces Framework for Issuance of Subordinate Units<\/p>\n

On 27-5-2024, the Securities and Exchange Board of India notified the Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2024 to amend the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014<\/a>.<\/p>\n

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

SEBI revises provisions relating to FPIs holding securities in India whose Certificate of Registration is not valid as on 3-6-2024<\/p>\n

On 3-6-2024, the Securities and Exchange Board of India notified the Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2024 to amend the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019<\/a>.<\/p>\n

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

RESERVE BANK OF INDIA (‘RBI’)<\/h4>\n

Reserve Bank of India imposes penalty of 1.45 Crore on Central Bank of India for non-compliance with directions<\/p>\n

By an order dated 11-06-2024, the Reserve Bank of India (‘RBI’) imposed a monetary penalty of Rs. 1,45,50,000 on the Central Bank of India for non-compliance with certain directions issued by the RBI on ‘Loans and Advances — Statutory and Other Restrictions’ and ‘Customer Protection — Limiting Liability of Customers in Unauthorized Electronic Banking Transactions’.<\/p>\n

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

53rd GST COUNCIL MEETING Aadhaar-Based Biometric Authentication to roll out; Railways and Hostels remains exempted from GST In the 53rd GST Council <\/p>\n","protected":false},"author":67515,"featured_media":325656,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45673,48207],"tags":[45675,65984,58095,70510,58092],"class_list":["post-325640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-columns-for-roundup","category-legislation-roundup","tag-legal-roundup","tag-legislation-monthly-roundup","tag-legislation-roundup","tag-legislation-roundup-june","tag-monthly"],"yoast_head":"\nLegislation Roundup June 2024 | SCC Times<\/title>\n<meta name=\"description\" content=\"Legislation Roundup May 2024: 53rd GST Council Meeting; Cinematograph Rules; SEBI & RBI Circulars & more\" \/>\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\/2024\/07\/03\/legislation-roundup-june-2024-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 JUNE 2024: 53rd GST Council Meeting; 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