New Criminal Laws notified: Will be effective from July 1, 2024
Centre notifies new Criminal laws on 23-2-2024.
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Notifications issued by various government departments, government bodies etc.
RBI advises NPCI to examine request of One97 Communication Ltd to become a Third-Party Application Provider
RBI lays down additional steps to be followed by Paytm Payments Bank Ltd.
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No acceptance of deposits and other banking services after 29 February; RBI imposes additional curbs on Paytm Payments Bank
The restrictions came after persistent non-compliances and continued material supervisory concerns in Paytm Payments Bank Ltd.
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Delhi Govt widens the ambit of “Victim” by including mob violence & mob lynching injury cases
The definition of “Victim” will now also include the person injured due mob violence and mob lynching.
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Provisional Collection of Taxes Act, 2023
On 29-12-2023, the President has given an assent to Provisional Collection of Taxes Act, 2023 repealing the Provisional Collection of Taxes Act, 1931.
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Press and Registration of Periodicals Act, 2023
On 29-12-2023, the President has given assent to the Press and Registration of Periodicals Act, 2023. The Act repeals the Press and Registration of Books Act, 1867.
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RBI notifies RBI (Government Securities Lending) Directions, 2023 enabling lending and borrowing of Government Securities
On 27-12-2023, the Reserve Bank of India (‘RBI’) notified the RBI (Government Securities Lending) Directions, 2023 applicable to all Government securities lending
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RBI notifies FEM (Manner of Receipt and Payment) Regulations, 2023 mandating permission from RBI for Trade outside India
On 21-12-2023, the Reserve Bank of India (‘RBI’) notified the Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023 mandating permission
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Age of appointment of President, Judicial Member & Technical Member increased vide CGST (Second Amendment) Act, 2023
CGST (Second Amendment) Act, 2023 mandates 10 years of substantial experience in litigation for appointment of Judicial Member of GST Appellate Tribunal
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Govt introduces provision relating to power to frame and publish the list of touts vide Advocates (Amendment) Act, 2023
On 8-12-2023, the Ministry of Law and Justice notified the Advocates (Amendment) Act, 2023 to amend the Advocates Act, 1961. Key Points:
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CCPA notifies Guidelines for Prevention and Regulation of Dark Patterns, 2023 to prevent unfair trade practice
On 30-11-2023, the Central Consumer Protection Authority notified the Guidelines for Prevention and Regulation of Dark Patterns, 2023. The provisions came into
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Delhi Government notifies Scheme for Premium Buses
On 20-11-2023, the Delhi Government notified the Delhi Motor Vehicles Licensing of Aggregator (Premium Buses) Scheme, 2023 applicable to all premium buses
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MCA notifies Rules for Significant Beneficial Owners & their Declaration to reporting LLPs
On 9-11-2023, the Ministry of Corporate Affairs notified the Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023 mandating every Limited Liability Partnership
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SEBI introduces “Most Important Terms and Conditions” to formalize broker-client relationship
On 13-11-2023, the Securities and Exchange Board of India (‘SEBI’) revised the Master Circular dated 17-5-2023 introducing a standard “Most Important Terms
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Govt notifies CMV (Ninth Amendment) Rules, 2023 categorizing vehicles which will comply with requirements of Rule 124
On 7-11-2023, the Ministry of Road Transport and Highways notified the Central Motor Vehicles (Ninth Amendment) Rules, 2023 to amend the Central
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Delhi Govt orders to invoke all actions envisaged under Stage-III of GRAP ‘Severe’ Air Quality with immediate effect
On 2-11-2023, the Government of NCT Delhi, Transport Department ordered to invoke all actions envisaged under Stage-III of the Graded Response Action
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MCA mandates every company to designate a person to be responsible to Registrar
On 27-10-2023, the Ministry of Corporate Affairs notified the Companies (Management and Administration) Second Amendment Rules, 2023 to amend the Companies (Management
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MoEF revises definition of ‘Carry Bags’ to include Biodegradable Plastic bags
On 30-10-2023, the Ministry of Environment, Forest and Climate Change notified the Plastic Waste Management (Second Amendment) Rules, 2023 to amend the
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Private companies excluding small companies to issue securities only in dematerialised form
On 27-10-2023, the Ministry of Corporate Affairs notified the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023 to amend the
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Banks are required to have at least 2 Whole Time Directors on Board: RBI
On 25-10-2023, the Reserve Bank of India (‘RBI’) directed all the Private Sector Banks and Wholly Owned Subsidiaries of Foreign Banks to
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