Legislation Updates Archives | Page 9 of 138

IBBI excludes assets in a real estate project that have been handed over to the allottee from liquidation process of the company

IBBI notifies Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2024.

PFRDA Central Recordkeeping Agency Regulations

Governance and operational standards of Central Recordkeeping Agencies enhanced vide PFRDA (Central Recordkeeping Agency) (Amendment) Regulations, 2023

On 9-2-2024, the Pension Fund Regulatory and Development Authority (‘PFRDA’) notified the Pension Fund Regulatory and Development Authority (Central Recordkeeping Agency) (Amendment)

Aadhaar (Payment of Fees for Performance of Authentication) Amendment Regulations 2024

Legislation Updates Rules & Regulations

Fee for authentication to be revised upon completion of every 24 months based on Consumer Price Index | UIDAI

UIDAI notifies Aadhaar (Payment of Fees for Performance of Authentication) Amendment Regulations, 2024.

Aadhaar (Authentication and Offline Verification) Amendment Regulations 2024

Legislation Updates Rules & Regulations

UIDAI revises Aadhaar (Authentication and Offline Verification) Regulations 2021

UIDAI notifies the Aadhaar (Authentication and Offline Verification) Amendment Regulations, 2024.

RBI imposes curbs on Paytm Payments Bank

Legislation Updates Notifications

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.

Legislation Updates Rules & Regulations

MoF introduces International Exchange vide FEM (Non-debt Instruments) Amendment Rules, 2024

The definition of International Exchange introduced vide Foreign Exchange Management (Non-debt Instruments) Amendment Rules, 2024.

Legislation Updates Rules & Regulations

CCI introduces Interlocutory Application vide Competition Commission of India (General) Amendment Regulations, 2024

Competition Commission of India introduces definition of Interlocutory Application in CCI (General) Regulations, 2009.

Legislation Updates Rules & Regulations

MoRTH includes Devices for Indirect Vision for the purpose of Rear View vide CMV (Second Amendment) Rules, 2024

Central Motor Vehicles Rules, 1989 revised vide the Central Motor Vehicles (Second Amendment) Rules, 2024 including Devices for Indirect Vision under the purview of these Rules.

Legislation Updates Notifications

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.

Legislation Updates Rules & Regulations

MoRTH revises the Requirements for Emission Standards of Bharat Stage VI Vehicles of all Categories vide CMV (First Amendment) Rules, 2024

Central Motor Vehicles Rules, 1989 revised vide the Central Motor Vehicles (First Amendment) Rules, 2024 streamlining the provisions relating to vehicles of BS VI category.

Legislation Updates Notifications

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.

Legislation Updates Notifications

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.

Legislation Updates Notifications

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

Legislation Updates Notifications

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

Legislation Updates Notifications

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

Legislation Updates Statutes/Bills/Ordinances

Post Office Act, 2023 – Key Highlights

On 24-12-2023 the Post Office Act, 2023 received President’s assent which consolidate and amend the laws relating to Post Office in India

Legislation Updates Statutes/Bills/Ordinances

Telecommunication Bill receives assent of the President, aims at consolidating laws relating to telecommunication in India

On 24-12-2023, the Telecommunication Bill, 2023 received the assent of the President. The bill aims at strengthening the laws relating to telecommunication

Legislation Updates Statutes/Bills/Ordinances

Parliament passes new Criminal Law Bills to replace colonial-era IPC, CrPC, Evidence Act; Read key highlights

The Indian Criminal Justice system is all set to be revamped with the passing of the Bharatiya Sakshya (Second) Bill, 2023, Bharatiya Nyaya (Second) Sanhita 2023, and the Bharatiya Nagarik Suraksha (Second) Sanhita 2023.

Legislation Updates Notifications

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:

Legislation Updates Statutes/Bills/Ordinances

Centre’s new Bills to overhaul Indian Criminal Justice system withdrawn; To be reintroduced after incorporating suggestions of Committee

The decision came in light of the Parliamentary Committee’s recommendations to amend the bills with some major changes relating to adultery, Section 377, etc.