RBI extends last date of exchange of Rs. 2000 banknotes until 7-10-2023
On 30-9-2023, the Reserve Bank of India (‘RBI’) announced that with effect from 8-10-2023, the deposit or exchange of Rs. 2000 banknotes
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CBIC lays down provisions relating to online gaming vide CGST (Third Amendment) Rules, 2023
On 29-9-2023, the Central Board of Indirect Taxes and Customs notified the Central Goods and Services Tax (Third Amendment) Rules, 2023 to
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106th Constitutional Amendment Act 2023 paves the way for Women Lawmakers
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.
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Upper House unanimously passes the Constitution (One hundred and Twenty-eighth Amendment) Bill, 2023
“A historic achievement” The Bill was passed by Lok Sabha on 20-9-2023 with a ratio of 254:2 and on 21-9-2023, the bill
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[Women’s Reservation Bill] Government introduces ‘Nari Shakti Vandan Adhiniyam’ in Lok Sabha
Today is a “historic moment for women empowerment” says Prime Minister.
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MoF increases Gratuity Limit and Term Insurance Cover for LIC agents
On 18-9-2023, the Ministry of Finance approved a series of welfare measures for the benefit of Life Insurance Corporation of India (‘LIC’)
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Mediation Bill 2023 receives President’s assent
On 15-9-2023, the Ministry of Law and Justice notified the Mediation Act, 2023 to especially promote institutional mediation for resolution of disputes,
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Government constitutes State Benches of GST Appellate Tribunal with effect from 14-9-2023
On 14-9-2023, the Central Government, on recommendations of the Goods and Services Tax (‘GST’) Council, constitutes the State Benches of the Goods
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RBI issues Master Directions on Classification, Valuation and Operation of Investment Portfolio of Commercial Banks excluding RRBs
On 12-9-2023, the Reserve Bank of India (‘RBI’) notified the Classification, Valuation and Operation of Investment Portfolio of Commercial Banks, Directions, 2023
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RBI asks lenders to maintain additional daily balance to keep liquidity tight
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
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SEBI notifies new format of Abridged Prospectus for Public Issue of Non-Convertible Debt Securities and/or Non-convertible Redeemable Preference Shares
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
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Principal Officer to also be a Management Level Officer vide PMLA (Maintenance of Records) Rules 2005
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
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MCA revises Forms 3 & 4 vide LLP (Second Amendment) Rules, 2023
On 1-9-2023, the Ministry of Corporate Affairs notified the Limited Liability Partnership (Second Amendment) Rules, 2023 to amend the Limited Liability Partnership
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IIAC (Conduct of Arbitration) Regulations, 2023
IIAC notified the India International Arbitration Centre (Conduct of Arbitration) Regulations, 2023 on September 01, 2023.
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SEBI modifies Cyber Security and Cyber Resilience Framework
On 24-8-2023, the Securities and Exchange Board of India (‘SEBI') made modifications in Cyber Security and Cyber Resilience frame for Stock Exchanges,
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Jan Vishwas (Amendment of Provisions) Act, 2023
The object of the Act is to decriminalise and rationalising offences to further enhance trust-based governance for ease of living and doing business.
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Bills Passed in Monsoon Session till August 11
Forest (Conservation) Amendment Bill, 2023 to amend the Forest (Conservation) Act, 1980 On 29-3-2023, the Bill was introduced in Lok Sabha by
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Digital Personal Data Protection Bill, 2023 receives President’s assent
The object of the Act is to provide for the processing of digital personal data in a manner that recognises both the right of individuals to protect their personal data and the need to process such personal data for lawful purposes and for matters connected therewith or incidental thereto.
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Cinematograph (Amendment) Act, 2023 prohibits unauthorized recording of Films
On 4-8-2023, the Ministry of Law and Justice notified the Cinematograph (Amendment) Act, 2023 to amend the Cinematograph Act, 1952. Key Points:
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Government restricts import of laptops, tablets with effect from November 1, 2023
On 3-8-2023, the Directorate General of Foreign Trade restricted the import of Laptops, Tablets, All in one Personal Computers and Ultra small
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