{"id":334281,"date":"2024-11-01T12:00:38","date_gmt":"2024-11-01T06:30:38","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=334281"},"modified":"2024-11-01T12:33:11","modified_gmt":"2024-11-01T07:03:11","slug":"legislation-roundup-october-2024-legal-update","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2024\/11\/01\/legislation-roundup-october-2024-legal-update\/","title":{"rendered":"LEGISLATION ROUNDUP OCTOBER 2024: Rules to regulate use of biological resources; relief to taxpayers with old tax obligations; President\u2019s rule revoked in J&K; & more"},"content":{"rendered":"
\n

MINISTRY OF ENVIRONMENT, FOREST AND CLIMATE CHANGE<\/h4>\n

MoEF notifies Ecomark Rules 2024 to differentiate products having lesser adverse effects on environment<\/p>\n

On 26-9-2024, the Ministry of Environment, Forest and Climate Change notified the Ecomark Rules, 2024 to label the products that have lesser adverse impact on the environment.<\/p>\n

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

MoEF notifies rules to monitor and regulate the use of biological resources<\/p>\n

On 22-10-2024, the Ministry of Environment, Forest and Climate Change notified the Biological Diversity Rules, 2024 to monitor and regulate the use of biological resources and knowledge associated with it. The provisions will come into force on 25-12-2024.<\/p>\n

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

MINISTRY OF FINANCE<\/h4>\n

Section 128-A of CGST Act notified providing relief to taxpayers having old tax obligations<\/p>\n

The Ministry of Finance appointed 1-11-2024 as the date on which Section 128-A<\/a> of the Central Goods and Services Tax Act, 2017<\/a> (‘CGST Act’) relating to Waiver of interest or penalty relating to demands raised for certain tax periods will be enforced.<\/p>\n

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

MoF notifies Sections relating to GST in Finance (No. 2) Act<\/p>\n

On 27-9-2024, the Ministry of Finance appointed the dates on which certain provisions of the Finance (No. 2) Act, 2024 come into force.<\/p>\n

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

MINITRY OF HOME AFFAIRS<\/h4>\n

President’s rule revoked in Jammu & Kashmir<\/p>\n

On 13-10-2024, the Ministry of Home Affairs issued a notification revoking the President’s rule in the Union Territory of Jammu and Kashmir immediately before the appointment of Chief Minister.<\/p>\n

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

MINISTRY OF MINES<\/h4>\n

Govt. notifies Offshore Areas Operating Right Rules, 2024<\/p>\n

On 16-10-2024, the Ministry of Mines notified the Offshore Areas Operating Right Rules, 2024 which provides a structured framework for granting operating rights for mineral exploration and production in offshore areas.<\/p>\n

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

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

Application for disability certificate can now be made in any hospital<\/p>\n

On 16-10-2024, the Ministry of Social Justice and Empowerment notified the Rights of Persons with Disabilities (Amendment) Rules, 2024 to amend the Rights of Persons with Disabilities Rules, 2017<\/a>. The provisions came into force on 18-10-2024.<\/p>\n

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

BAR COUNCIL OF INDIA<\/h4>\n

BCI directs Firms, Senior Advocates, Advocates to pay minimum stipend to Junior Advocates<\/p>\n

On 15-10-2024, the Bar Council of India issued a notification laying down directory guidelines for payment of a minimum stipend to junior advocates to nurture a balanced approach and encourage financial support.<\/p>\n

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

BCI prohibits usage of ‘Indian’, ‘National’ and other terms of ‘national significance’ in legal events\/moots without necessary approval<\/p>\n

On 15-10-2024, the Bar Council of India (‘BCI’) published a notification regarding prohibition on the use of words — ‘India’, ‘Indian’, ‘National’, ‘Bharat’, ‘Bharatiya’, or ‘Rashtriya’ while organizing legal or law related conferences, events, mock courts or moot courts by all centers of legal education, universities, private institutions, organizations, trusts, societies, associations, and other entities.<\/p>\n

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

INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY<\/h4>\n

New process of authorization and operations of Payment System introduced vide IFSCA (Payment and Settlement Systems) Regulations, 2024<\/p>\n

On 14-10-2024, the International Financial Services Centres Authority (‘IFSCA’) notified the International Financial Services Centres Authority (Payment and Settlement Systems) Regulations, 2024.<\/p>\n

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

IFSCA lays down maximum exposure limits for Investment Assets in which IIO can invest<\/p>\n

On 14-10-2024, the International Financial Services Centres Authority (‘IFSCA’) notified the International Financial Services Centres Authority (Investment by International Financial Services Centre Insurance Office) (Amendment) Regulations, 2024. The provisions came into force on 17-10-2024.<\/p>\n

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

SECURITIES AND EXCHANGE BOARD OF INDIA<\/h4>\n

SEBI issues measures to strengthen Equity Index Derivatives Framework<\/p>\n

On 1-10-2024, the Securities and Exchange Board of India (‘SEBI’) laid down measures to strengthen Equity Index Derivatives Framework for increased investor protection and market stability on the recommendation of Expert Working Group (‘EWG’) on derivatives.<\/p>\n

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

SEBI introduces ‘voting threshold’ vide SEBI (Real Estate Investment Trusts) (Third Amendment) Regulations, 2024<\/p>\n

On 26-09-2024, the Securities and Exchange Board of India (‘SEBI’) notified the SEBI (Real Estate Investment Trusts) (Third Amendment) regulations, 2024 to amend the SEBI (Real Estate Investment Trusts) Regulations, 2014. These Regulations came into force on 27-09-2024. However, Regulation 3(1) will come into force on 25-11-2024.<\/p>\n

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

SEBI reduces trading lot for InvITs on designated stock exchange to Rs. 25 Lakhs<\/p>\n

On 26-09-2024, the Securities and Exchange Board of India (‘SEBI’) notifies the SEBI (Infrastructure Investment Trusts) (Third Amendment) Regulations, 2024 to further amend the SEBI (Infrastructure Investment Trusts) Regulations, 2014. This Regulation came into force on 27-09-2024. However, Regulation 3(2) of these Regulations will come into force on 25-11-2024.<\/p>\n

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

On 26-9-2024, the Ministry of Environment, Forest and Climate Change notified the Ecomark Rules, 2024<\/i><\/p>\n","protected":false},"author":67515,"featured_media":334288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45673,48207],"tags":[45675,65984,58095,74751,58092],"class_list":["post-334281","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-october","tag-monthly"],"yoast_head":"\nLegislation Roundup October 2024 | SCC Times<\/title>\n<meta name=\"description\" content=\"Legislation Roundup October 2024: Rules to regulate use of biological resources; relief to taxpayers with old tax obligations; President\u2019s rule revoked in J&K; & 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\/11\/01\/legislation-roundup-october-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 OCTOBER 2024: Rules to regulate use of biological resources; relief to taxpayers with old tax obligations; President\u2019s rule revoked in J&K; & more\" \/>\n<meta property=\"og:description\" content=\"Legislation Roundup October 2024: Rules to regulate use of biological resources; relief to taxpayers with old tax obligations; President\u2019s rule revoked in J&K; & more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2024\/11\/01\/legislation-roundup-october-2024-legal-update\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-01T06:30:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-01T07:03:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/11\/Legislation-Roundup-October-2024.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"886\" \/>\n\t<meta property=\"og:image:height\" content=\"590\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kriti\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"LEGISLATION ROUNDUP OCTOBER 2024: Rules to regulate use of biological resources; 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Penalty on Meta; & more","author":"Kriti","date":"December 3, 2024","format":false,"excerpt":"On 27-11-2024, the Ministry of Communications notified the Telecommunications (Regulatory Sandbox) Rules, 2024 to encourage","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 November 2024","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/12\/Legislation-Roundup-November-2024.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/12\/Legislation-Roundup-November-2024.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/12\/Legislation-Roundup-November-2024.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/12\/Legislation-Roundup-November-2024.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":333990,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/10\/28\/moef-notifies-biological-diversity-rules-legal-news\/","url_meta":{"origin":334281,"position":2},"title":"MoEF notifies rules to monitor and regulate the use of biological resources","author":"Kriti","date":"October 28, 2024","format":false,"excerpt":"Under these Rules prior approval of authority will be needed before grant of IPR.","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"ministry of environment, forest and climate change","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/ministry-of-environment-forest-and-climate-change.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/ministry-of-environment-forest-and-climate-change.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/ministry-of-environment-forest-and-climate-change.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/ministry-of-environment-forest-and-climate-change.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":306011,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/10\/31\/legislation-roundup-october-2023-legal-update\/","url_meta":{"origin":334281,"position":3},"title":"Legislation Roundup October 2023: Amnesty Scheme for taxpayers; Approval of 4% hike in DA and DR; Green Credit Rules; and more","author":"Kriti","date":"October 31, 2023","format":false,"excerpt":"UNION CABINET Cabinet approves 4% hike in DA and DR w.e.f. from 1-7-2023 On 18-10-2023, the Union Cabinet has approved a 4% hike in Dearness Allowance (\u2018DA\u2019) for Central Government employees and Dearness Relief (\u2018DR\u2019) for pensioners. 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