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Availability of ITR-7 for Filing

Legal Category: Taxation
Rule ACT: Income Tax Act
Update Type: Others
Notification Date: 21, Jun, 2024
Notification No: NA (Availability of ITR-7 for Filing)
Description: The Income Tax Department has notified that Offline and Online Utility of ITR-7 for AY 2024-25 is available for filing.

Provisions for New Tax Regime and Old Tax Regime

Legal Category: Taxation
Rule ACT: Income Tax Act
Update Type: Others
Notification Date: 21, Jun, 2024
Notification No: NA (Provisions for New Tax Regime and Old Tax Regime)
Description: The Income Tax Department has notified that for A.Y.2024-25, NEW TAX REGIME is default regime for Individual, HUF, AOP (other than co-operative society), BOI and Artificial Juridical Person. In case want "OLD TAX REGIME" is to be opted and the assessee is:
1. Eligible to file return of income in ITR 1 & 2 , then select relevant option directly in ITR and file return within the applicable due date
2. Eligible to file return of income in ITR 3, 4 & 5 then you MUST file Form 10-IEA to avail benefit of old tax regime, and file return within the applicable due date
The tax liability under the New Tax and Old Tax regime before filing of the return, has to be compared. For computing tax liability please click on the link 'Income Tax Calculator'.

Updating Latest Status of e-BG through NeSL DDE eBG API

Legal Category: Corporate
Rule ACT: IBC, 2016
Update Type: Circular
Notification Date: 21, Jun, 2024
Notification No: NeSL/DDE/2024/0153
Description: National E-Governance Services Limited has issued a circular in respect of updating latest satus of e-BG through NeSL DDE eBG API. All the bank/s are required to be ready with all the events in e-BG process and update the latest status to NeSL in a timely manner, thereby avoiding any incorrect/incomplete information being notified/displayed to the applicant and the beneficiary.

Amendment in Schedule C

Legal Category: Taxation
Rule ACT: Value Added Tax - Goa
Update Type: Notification
Notification Date: 21, Jun, 2024
Notification No: 4/2/2024-Fin(R&C)/25737
Description: Department of Finance has released a notification wherein in Schedule ‘C’ appended to the said Act, for the existing entry against serial number (3) item (a), the annexed entries shall be substituted.

Calculation of Net Tonnage factor for Financial Year 2023-24 (AY 2024-25)

Legal Category: Industry Specific
Rule ACT: Merchant Shipping Act - Central
Update Type: Circular
Notification Date: 20, Jun, 2024
Notification No: 14 of 2024
Description: Ministry of Port, Shipping and Waterways has notified the Net tonnage factor for the financial year 2023-24 (AY 2024-25) as 9244.Net Tonnage Factor shall be the factor notified by the Directorate General of Shipping for each financial year calculated as the aggregate Net Tonnage of all qualifying ships registered under the Merchant Shipping Act, 1958 at the end of the preceding financial year divided by the total number of such ships at the end of the preceding financial year and shall be notified by the Directorate General of Shipping within 60 days from the beginning of each financial year.

Inviting comments from stakeholders on the proposal for amendment in Indian Petroleum and Explosives Safety Service Rules 2021

Legal Category: Environmental, Occupational Health and Safety
Rule ACT: Explosive Act - Central
Update Type: Notification
Notification Date: 21, Jun, 2024
Notification No: F. No. P-13033/67/2024-EXPLOSIVE
Description: The Department for Promotion of Industry and Internal Trade(Explosives Section) has Invited comments from stakeholders on the proposal for amendment in Indian Petroleum and Explosives Safety Service Rules 2021 till July 20, 2024.

Battery Waste Management (Second Amendment) Rules, 2024

Legal Category: Environmental, Occupational Health and Safety
Rule ACT: Batteries Waste Management Rules - Central
Update Type: Amendment
Notification Date: 20, Jun, 2024
Notification No: S.O. 2374(E)
Description: The Ministry of Environment, Forest and Climate Change hereby amends Battery Waste Management Rules, 2022, and brings into effect Battery Waste Management (Second Amendment) Rules, 2024, which shall come into force on 20 June 2024, namely by substitution in Table of Rule 4, sub-rule (14) relating to obligation of Producers for minimum use of domestically recycled materials in new Battery.

Declaration of Local Holiday in Solan due to Mela, Shoolini Mata

Legal Category: HR and Labour
Rule ACT: Panchayati Raj Act - Himachal Pradesh
Update Type: Order
Notification Date: 15, Jun, 2024
Notification No: MA/12-8/72-12-2019-117
Description: The Office of the Deputy Commissioner Solan, District Solan, Himachal Pradesh has issued an order with respect to declaration of local holiday in Solan due to Mela, Shoolini Mata on June 24th, 2024 (Monday).

Declaration of Local Holiday in Solan due to Mela, Shoolini Mata

Legal Category: Local Laws
Rule ACT: Municipal Corporation Act - Solan
Update Type: Order
Notification Date: 15, Jun, 2024
Notification No: MA/12-8/72-12-2019-117
Description: The Office of the Deputy Commissioner Solan, District Solan, Himachal Pradesh has issued an order with respect to declaration of local holiday in Solan due to Mela, Shoolini Mata on June 24th, 2024 (Monday).

Date of Establishment and Withdrawal of Indian Standards

Legal Category: Industry Specific
Rule ACT: Bureau of Indian Standards - Central
Update Type: Notification
Notification Date: 13, Jun, 2024
Notification No: HQ-PUB013/1/2020-PUB-BIS (897)
Description: The Bureau of Indian Standards has issued a notification regarding the date of Establishment and Withdrawal of certain Indian Standards wherein, date of establishment is June 11th, 2024 for Polymer Coated Inner Tanks for Storage Water Heater.

On-boarding of Solar PV Manufacturers on DCR Verification Portal

Legal Category: Industry Specific
Rule ACT: Terms and Conditions for Renewable Energy Certificates for Renewable Energy Generation Regulations - Central
Update Type: Notification
Notification Date: 19, Jun, 2024
Notification No: 283/43/2024-GRID SOLAR
Description: Ministry of New & Renewable Energy (MNRE) has issued a notification regarding On-boarding of Solar PV Manufacturers on DCR Verification Portal wherein, Solar PV Manufacturing associations in consultation with MNRE has developed an online portal with the objective to ensure the traceability of domestically manufactured solar PV cells and modules and help in verification of Domestic Content Requirement (DCR) in solar PV modules deployed in the country.

Framework for Enlistment of Models of OEMs of Solar PV Modules and Inverters under PM Surya Ghar Muft Bijli Yojana

Legal Category: Industry Specific
Rule ACT: Terms and Conditions for Renewable Energy Certificates for Renewable Energy Generation Regulations - Central
Update Type: Memorandum
Notification Date: 21, Jun, 2024
Notification No: 318/29/2024- Grid Connected Rooftop
Description: Ministry of New and Renewable Energy has issued an office memorandum wherein, framework for enlistment of models of OEMs of solar PV modules and inverters under the scheme have been approved to enable the customers to make an informed choice in selection of products and offer higher efficiency and warranty.

Gujarat Private Security Agencies (Regulations) Rules, 2024

Legal Category: HR and Labour
Rule ACT: Private Security Agencies Act - Gujarat
Update Type: Notification
Notification Date: 20, Jun, 2024
Notification No: GG/68/2024/SB-I/SSA/102010/1082
Description: The Gujarat Government Gazette has issued a notification with respect to Gujarat Private Security Agencies (Regulations) Rules, 2024, wherein the Gujarat Private Security Agencies Rules, 2007 has been suppressed. These rules are applicable from June 20th, 2024.

Reserve Bank’s Database on Indian Economy Portal – Change in URL

Legal Category: Finance
Rule ACT: RBI Act
Update Type: Press Release
Notification Date: 21, Jun, 2024
Notification No: Press Release: 2024-2025/535
Description: The Reserve Bank of India has changed domain address of the ‘Database on Indian Economy (DBIE)’ portal to https://data.rbi.org.in with effect from close of business today (June 21, 2024). The current URLs, viz., https://dbie.rbi.org.in and https://cimsdbie.rbi.org.in will also get directed to the new URL https://data.rbi.org.in.

Master Circular on Operations and Allied Matters of Insurers

Legal Category: Industry Specific
Rule ACT: IRDA Act
Update Type: Master Circular
Notification Date: 19, Jun, 2024
Notification No: IRDAI/ PPGR/ CIR/ MISC/97/06/2024
Description: The Insurance and Regulatory Board of India has issued master circular on operational and allied matters of insurers for policy holders. The master circulars covers following information:
1. Advertisement
2. Opening of places of business
3. Outsourcing of activities of insurers
4. Greivance Redressal System
5. Usage of Trade Logo of promoting partners or related parties
6. Group insurance policies
7. Unclaimed Amount of Policyholders
8. Policyholders engagement and awarness
9. Servicing of policies in case of exit oif distribution channel.

CBIC Determines Exchange Rate of Conversion

Legal Category: Exim
Rule ACT: Customs Act
Update Type: Notification
Notification Date: 20, Jun, 2024
Notification No: 45/2024 - Customs (N.T.)
Description: Central Board of Indirect Taxes and Customs (CBIC) has determined the new exchange rate of conversion of foreign currency and Indian currency or vice versa which shall be effective from June 21, 2024.

Goa Minimum Wages Notification (April 2024)

Legal Category: HR and Labour
Rule ACT: Minimum Wages Act - Goa
Update Type: Notification
Notification Date: 18, Jun, 2024
Notification No: CLE/PA/MWA-VDA/(10)/2016/2947
Description: The Office of the Commissioner, Labour and Employment has issued an order with respect to revision in minimum rate of wages for the specified Scheduled Employments with effect from April 1st, 2024.

Exemption under Rajasthan Shops and Commercial Establishment Act, 1958

Legal Category: HR and Labour
Rule ACT: Shops and Establishments Act - Rajasthan
Update Type: Notification
Notification Date: 20, Jun, 2024
Notification No: F.14(11)(1) Labour/Law/2017/4863607
Description: The Labour Department, Rajasthan has issued a notification with respect to registration under Shops and Establishment Act from the provision of Section 22 of the Act for a period of three (03) years from the date of the publication of the notification in the Rajasthan Gazette, subject to following exemptions:
1. Permission for employment at night will be given by the Employer only after obtaining the consent of the female employee
2. All Women Employees will be issued appointment letter and identity cards with photograph by the Employer
3. The Employer is responsible for the complete safety of female Employees, if they work at night and the Employer will provide safe transport arrangements for the Women employees to travel from home to workplace and back at night
4. Separate rest room and locker for storing luggage will be provided for Women Employees at the Workplace
5. No Pregnant Women 3 months before her expected delivery date and before giving birth to the child. After this, he will not be called for work at night for a period of 3 months
6. The Employer will ensure arrangements to prevent possible Acts or incidents of sexual harassment in the workplace
7. In case of any Shop or Commercial Establishment violates the above conditions, the exemption given will be automatically be void and as a result the Employer will be responsible for legal action under the said Section and other laws.

Exemption under Rajasthan Shops and Commercial Establishment Act, 1958

Legal Category: HR and Labour
Rule ACT: Shops and Establishments Act - Rajasthan
Update Type: Notification
Notification Date: 20, Jun, 2024
Notification No: F.14(11)(1) Labour/Law/2017/4863577
Description: The Labour Department, Rajasthan has issued a notification with respect to registration of shops and commercial establishment under Rajasthan Shops and Commercial Establishment Act, 1958 wherein, shops and commercial establishments will be allowed to remain closed for a period of three (03) years from the date of publication of this notification in the Rajasthan Gazette under the provisions of Section 12(1) of the said Act, keeping Shops and Commercial Establishments closed for one (01) day in a week subject to the following exemptions:
1. All employed Employees will give paid weekly holiday by the Employer one (01) day a week , on rotation basis
2. The working hours of the employed Employees will be 1 hour daily and 48 hours weekly, if more work is required from the Employees than the prescribed working time period, then its record will be maintained separately
3. Payment of Wages to every employed Employee for overtime work will be done as per the provisions of the Act
4. All appointed Employees will be given appointment letter by the Employer and its copy will be given to the area inspector, it will be sent to and its receipt will be kept in record
5. This Exemption is only for Shops and Commercial Establishments, Employees will continue to receive benefits payable under all Sections of the Act
6. This Exemption will be subject to the Employers compliance with the above conditions and the orders issued by the State Government from time to time in this regard
7. If any Shops and Commercial Establishment violates the above conditions, the exemption given will be automatically be void and as a result, the Employer will himself be responsible for legal action under the above Section and other laws.

Goa (Prevention of Illegal Mining, Storage and Transportation of Minerals) (Sixth Amendment) Rules, 2024

Legal Category: Industry Specific
Rule ACT: Prevention of Illegal Mining, Storage and Transportation of Minerals Rules - Goa
Update Type: Amendment
Notification Date: 20, Jun, 2024
Notification No: 03/176/2022/Major/Mines/642
Description: Government of Goa has further amended Goa (Prevention of Illegal Mining, Storage and Transportation of Minerals) Rules, 2013 which shall come into force on date of publication in the Official Gazette i.e., June 20th, 2024.

EPFO Releases Payroll Data for April 2024

Legal Category: HR and Labour
Rule ACT: EPF Act
Update Type: Press Release
Notification Date: 20, Jun, 2024
Notification No: Release ID: 2026974
Description: The Press Information Bureau (PIB) has issued a press release with respect to the EPFO Payroll Data for the month of April 2024, EPFO is a social security organization responsible for providing a number of benefits to the members covered under the statue of EPF & MP Act, 1952 and provides provident fund pension benefits to the members.

ESIC Releases Payroll Data for April 2024

Legal Category: HR and Labour
Rule ACT: ESI Act
Update Type: Press Release
Notification Date: 19, Jun, 2024
Notification No: Release ID: 2026653
Description: The Press Information Bureau (PIB) has issued a press release with respect to enrolment of 16.47 lakh new workers enrolled under ESI Scheme in the month of April, 2024 wherein, following additions have occurred:
1. 7.84 lakh young employees upto the age group of 25 years constitute new registrations
2. 3.38 lakh female employees enrolled in the ESI Scheme
3. Around 18,490 new establishments registered under ESI Scheme in the month of April, 2024
4. Benefits of ESI Scheme extended to 53 transgender employees in April, 2024.

Extension of Timeline for affixing The High Security Registration Plates

Legal Category: Industry Specific
Rule ACT: Motor Vehicles Act - Karnataka
Update Type: Notification
Notification Date: 19, Jun, 2024
Notification No: TD 193 TDO 2021
Description: The Government of Karnataka has extended timeline for affixing The High Security Registration Plates for all class of vehicles registered prior to 1st April, 2019 to September 15, 2024.

Inputs for Formulation of National Broadcasting Policy-2024 under TRAI

Legal Category: IT and Data Protection
Rule ACT: TRAI Act
Update Type: Press Release
Notification Date: 20, Jun, 2024
Notification No: 32/2024
Description: The Telecom Regulatory Authority of India (TRAI) has issued a Press Release with respect to recommendations on Inputs for formulation of National Broadcasting Policy-2024. The objective of the policy is to facilitate the growth of the sector with quick adoption of the emerging technologies for providing an immersive and enriching experience to the consumers in a cost-effective manner, while safeguarding the interest of the stakeholders involved in the broadcasting sphere.

Discussion paper on Amendments to Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Process) Regulations, 2016

Legal Category: Corporate
Rule ACT: IBC, 2016
Update Type: Others
Notification Date: 19, Jun, 2024
Notification No: NA(Discussion paper on amendments to Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Process) Regulations, 2016)
Description: Insolvency and Bankruptcy Board of India has released notification for discussion paper on amendments to Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Process) Regulations, 2016, which solicits comments on following issues, namely:
1. Registered valuer to submit valuation report for the Corporate Debtor (CD) as a whole
2. One valuation estimate for companies up to a certain asset size and for micro, small and medium enterprises (MSME) companies
3. Voting by authorised representative (AR) before appointment by Adjudicating Authority (AA)
4. Release of guarantees in the resolution plan.

Rights of Persons with Disabilities (Amendment) Rules, 2024

Legal Category: HR and Labour
Rule ACT: Rights of Person with Disabilities Act - Central
Update Type: Amendment
Notification Date: 19, Jun, 2024
Notification No: G.S.R. 334(E)
Description: The Department of Empowerment of Persons With Disabilities Divyangjan has issued a notification with respect to Rights of Persons with Disabilities (Amendment) Rules, 2024 to further amend the Rights of Persons with Disabilities Rules, 2017 wherein, after Rule 15(1)(l), the following clause shall be inserted, namely:
“(m) Accessibility Standards and Guidelines for MHA Specific Built Infrastructures & Associated Services for Police Stations, Prisons & Disaster Mitigation Centres, as specified in the notification of the Ministry of Home Affairs, Government of India vide notification number F. No. I-34020/187/2020-Coord.I., dated the 2nd January, 2024”.

State Energy Efficiency Action Plan for Himachal Pradesh

Legal Category: Environmental, Occupational Health and Safety
Rule ACT: Energy Conservation Act - Himachal Pradesh
Update Type: Notification
Notification Date: 20, Jun, 2024
Notification No: NA(State Energy Efficiency Action Plan for Himachal Pradesh)
Description: The Directorate of Energy of Himachal Pradesh has notified State Energy Efficiency Action Plan (SEEAP) with an objective to arrive at sector-specific approaches for energy
efficiency for the State of Himachal Pradesh. The SEEAP is developed for short term-plan for a tenure of Five (5) years and a long-term plan targeting high-impact energy efficiency by the year 2031.

Manipur Excise (Amendment) Rules, 2024

Legal Category: Taxation
Rule ACT: Excise Act - Manipur
Update Type: Amendment
Notification Date: 10, Jun, 2024
Notification No: X-8/13/2022-- FD-Part(1)
Description: Finance Department of Manipur has notified the Manipur Excise (Amendment) Rules, 2024, which shall come into force with effect from the date of their publication in the Official Gazette of Manipur, and amendments are as under:
1. Substitution of Rule 3, wherein import permit fee and transportation fee charges for Beer and IMFL are amended
2. Substitution of Rule 21, wherein import permit fee for Scotch Whisky, Vodka, Gin, Brandy, Wine etc. are amended
3. Amendment of Rule 91, adding proviso in respect of exclusive privilege of country spirit
4. Amendment of Rule 93, in respect of right of the state government to grant license
5. Amendment of Rule 116, in respect of closing of warehouses, etc.

System Audit of Professional Clearing Members (PCMs)

Legal Category: SEBI
Rule ACT: Securities Contracts (Stock Exchanges and Clearing Corporations) Regulations
Update Type: Circular
Notification Date: 20, Jun, 2024
Notification No: SEBI/HO/MRD/TPD/P/CIR/2024/84
Description: The Securities and Exchange Board of India has decided to devise the framework for system audit of Professional Clearing Members (PCMs).

Restoration of YSR Bima as Chandranna Bima in Andhra Pradesh

Legal Category: Environmental, Occupational Health and Safety
Rule ACT: Boilers Act - Andhra Pradesh
Update Type: Notification
Notification Date: 20, Jun, 2024
Notification No: G.0. Rt No. 344
Description: The Government of Andhra Pradesh has restored YSR Bima Scheme as Chandranna Bima Scheme. This Scheme provides insurance to BPL families in case of natural, accidental death, or full disability of the main earner. The scheme aims to offer financial support to mitigate sudden income loss. Eligible members must be primary earners from BPL families.

Guidelines for the Prevention and Regulation of Unsolicited and Unwarranted Business Communication 2024 under Consumer Protection Act

Legal Category: Administrative
Rule ACT: Consumer Protection Act - Central
Update Type: Draft
Notification Date: 20, Jun, 2024
Notification No: J-24/6/2024-CPU Section-CPU(33783)
Description: The Central Consumer Protection Authority has notified Draft Guidelines for the Prevention and Regulation of Unsolicited and Unwarranted Business Communication, 2024, under Consumer Protection Act 2019, which shall come into force after receiving of suggestions and comments of Public.These guidelines shall apply to all persons or establishments:
1. That makes or causes to make the business communication (Maker)
2. That engages the Maker of such communication
3. That would be the intended beneficiary from such communication and
4. In whose name such communication was made by the Maker.

Punjab State Electricity Regulatory Commission (Electricity Supply Code, Standards of Performance and Related Matters) Regulations, 2024

Legal Category: Industry Specific
Rule ACT: Electricity Supply Code - Punjab
Update Type: Draft
Notification Date: 19, Jun, 2024
Notification No: NA (Punjab State Electricity Regulatory Commission (Electricity Supply Code, Standards of Performance and Related Matters) Regulations, 2024)
Description: Punjab State Electricity Regulatory Commission (PSERC) has issued draft Punjab State Electricity Regulatory Commission (Electricity Supply Code, Standards of Performance and Related Matters) Regulations, 2024 wherein, any comments/suggestions/objections may be submitted to the Secretary (PSERC) on or before July 25, 2024 in person or by post or through e-mail at secretarypsercchd@gmail.com.

Central Electricity Regulatory Commission (Connectivity and General Network Access to the inter-State Transmission System) (Second Amendment) Regulations, 2024

Legal Category: Industry Specific
Rule ACT: Electricity Act - Central
Update Type: Amendment
Notification Date: 19, Jun, 2024
Notification No: L-1/261/2021/CERC (June 20, 2024)
Description: Central Electricity Regulatory Commission has issued an amendment in Central Electricity Regulatory Commission (Connectivity and General Network Access to the inter-State Transmission System) Regulations, 2022 wherein, the specified changes have been made.

Ministry of Civil Aviation (Height Restrictions for Safeguarding of Aircraft Operations) Amendment Rules 2024

Legal Category: Industry Specific
Rule ACT: Height Restrictions for Safeguarding of Aircraft Operations Rules - Central
Update Type: Amendment
Notification Date: 19, Jun, 2024
Notification No: G.S.R. 335(E)
Description: The Ministry of Civil Aviation has made further amendments in Ministry of Civil Aviation (Height Restrictions for Safeguarding of Aircraft Operations) Rules, 2015 and notified Ministry of Civil Aviation (Height Restrictions for Safeguarding of Aircraft Operations) Amendment Rules 2024 namely by insertion and Omission of Serial Numbers in Schedule III and in Schedule IV part one and two.

Modification in Duration for Call Auction in Pre-open Session for Initial Public Offer (IPO) and Relisted Scrips

Legal Category: SEBI
Rule ACT: Securities Contracts (Stock Exchanges and Clearing Corporations) Regulations
Update Type: Circular
Notification Date: 20, Jun, 2024
Notification No: SEBI/HO/MRD/MRD-PoD-3/P/CIR/2024/85
Description: The Securities and Exchange Board of India has directed the stock exchanges to :
1. Modify the current provisions related to call auction session for IPO & relisted scrips and introduce additional surveillance measures
2. Cancelled quantity for a particular client exceeds 5% of total cancelled quantity across the market during the pre-open session
3. Value of cancelled quantity for a particular client exceeds 5% of total value of cancelled quantity across the market during the pre-open session
4. Cancelled quantity for a particular client exceeds 50% of total quantity placed by that client during the pre-open session
5. Value of cancelled quantity for a particular client exceeds 50% of total value of quantity placed by that client during the pre-open session
6. Modification of prices significantly away from previously placed order(s).vi.Stock exchanges can have additional parameters for generating alerts.

Introduction of a Special Call Auction Mechanism for Price Discovery of Scrips of Listed Investment Companies (ICs) and Listed Investment Holding Companies (IHCs)

Legal Category: SEBI
Rule ACT: Securities Contracts (Stock Exchanges and Clearing Corporations) Regulations
Update Type: Circular
Notification Date: 20, Jun, 2024
Notification No: SEBI/HO/MRD/MRD-PoD-3/P/CIR/2024/86
Description: The Securities and Exchange Board of India has directed the stock exchanges to put in place a framework for special call auction with no price bands for effective price discovery of scrips of such Investment Companies (ICs) and listed Investment Holding Companies (IHCs).

Further Due-Date Extension of Annual Declaration of ADPA, 2023

Legal Category: Environmental, Occupational Health and Safety
Rule ACT: Chemical Convention Weapons Act - Central
Update Type: Notice
Notification Date: 20, Jun, 2024
Notification No: NA(Further Due-Date Extension of Annual Declaration of ADPA, 2023)(June 20, 2024)
Description: National Authority Chemical Weapons Convention has issued a notice to further extending due date for facilities dealing with the Chemicals belonging to Schedule-1, Schedule-2, Schedule-3 and other Chemical Production Facilities(OCPFs), liable to file Annual Declaration of Past Activities(ADPA), for the Calendar Year 2023 on or before June 21, 2024.

Export of Non-Basmati White Rice to Malawai and Zimbabwe through National Cooperative Exports Limited

Legal Category: Exim
Rule ACT: Foreign Trade Policy, 2023
Update Type: Notification
Notification Date: 19, Jun, 2024
Notification No: Notification No. 18/2024-25
Description: Directorate General of Foreign Trade has issued a notification wherein it is notified that export of Non-Basmati White Rice (under HSN code 10063090) to Malawai and Zimbabwe through National Cooperative Exports Limited is permitted.

Contribution to Core Settlement Guarantee Fund and Default Waterfall for Limited Purpose Clearing Corporation(PLCC)

Legal Category: SEBI
Rule ACT: Securities Contracts (Stock Exchanges and Clearing Corporations) Regulations
Update Type: Circular
Notification Date: 19, Jun, 2024
Notification No: SEBI/HO/MRD/MRD-PoD-2/P/CIR/2024/83
Description: The Securities and Exchange Board of India has notified clearing corporations that they have made certain amendments to enable direct participation by participants in the LPCC for transacting in tri-party repo for corporate bonds .

Advisory to all Community Radio Stations for Extension of Grant of Permission Agreement (GOPA)

Legal Category: Others
Rule ACT: Miscellaneous Updates
Update Type: Notification
Notification Date: 06, Jun, 2024
Notification No: No. N-3 501 8/28/2022-O/o AD(CRS)
Description: The Ministry of Information and Broadcasting has issued a notification that Policy Guidelines for setting up of Community Radio Station wherein, the Grant of Permission Agreement (GOPA) for Community Radio Stations (CRS) is granted for an initial of 10 years. Thereafter, the permission can be extended for 05 years at a time. The application for extension of permission is required to be submitted 01 year before the expiry of GOPA. Further, for renewal of Wireless Operating License (WOL), the permission agreement should have validity of at least 01 year before commensurate with the requested renewal period.

Revised Grant of Permission Agreement Format under Revised Policy Guidelines for setting up Community Radio Stations in India, 2024

Legal Category: Others
Rule ACT: Miscellaneous Updates
Update Type: Guidelines
Notification Date: 18, Jun, 2024
Notification No: NA(Revised Grant of Permission Agreement Format under Revised Policy Guidelines for setting up Community Radio Stations in India, 2024)
Description: The Ministry of Information & Broadcasting has issued a Press Release for Revised Grant of Permission Agreement Format under Revised Policy Guidelines for setting up Community Radio Stations in India, 2024. It includes fulfillment of the eligibility conditions and conditions precedent to establish, maintain and operate a Community Radio Station.

The Post Office Act, 2023

Legal Category: Others
Rule ACT: Miscellaneous Updates
Update Type: Press Release
Notification Date: 18, Jun, 2024
Notification No: 2026249
Description: The Ministry of Communications has issued a Press Release with respect to the Post Office Act, 2023 which comes into force with effect from June 18th, 2024 and repeals the Indian Post Office Act, 1898. The Act aims to create a simple legislative framework for delivery of citizen centric services, banking services and benefits of Government schemes at the last mile.

Article updation for the State of Punjab under Stamping Rules

Legal Category: Finance
Rule ACT: Stamp Act - Punjab
Update Type: Notification
Notification Date: 19, Jun, 2024
Notification No: NeSL/DDE/2024/0151
Description: National E-Governance Services Limited has for all NeSL DDE users (Registered Banks and NBFC’s), made available Article 6 (Agreement relating to deposit of title deeds, pawn or
pledge, mortgage by way of deposit of Title Deed (Equitable Mortgage) and hypothecation), for Punjab State under digital e-stamping.

Article updation for the State of Madhya Pradesh under Stamping Rules

Legal Category: Finance
Rule ACT: Stamp Act - Madhya Pradesh
Update Type: Notification
Notification Date: 19, Jun, 2024
Notification No: NeSL/DDE/2024/0152
Description: National E-Governance Services Limited has for all NeSL DDE users (Registered Banks and NBFC’s), made available Article 5, 50e and 50(f) for Affidavit and Power of Attorney, for Madhya Pradesh State under digital e-stamping.

Registration of LOBs on FINNET 2.0- BSE

Legal Category: SEBI
Rule ACT: SEBI (Custodian) Regulations
Update Type: Notice
Notification Date: 19, Jun, 2024
Notification No: 20240619-10
Description: The Bombay Stock Exchange of India has notified that all the Intermediaries registered with SEBI and/or other regulators in multiple capacities need to register on the FINNET 2.0 and also to update all the lines of business, if not already done.

Amendment in existing RIICOs Policy

Legal Category: Industry Specific
Rule ACT: Industrial Development Act - Rajasthan
Update Type: Amendment
Notification Date: 18, Jun, 2024
Notification No: IPI/Tech./112
Description: The Rajasthan State Industrial Development and Investment Corporation Limited has issued an office order with respect to Amendment in existing RIICOs Policy dated January 3rd, 2019 wherein, the following amendments have been included:
1. Existing interpretations (x), (x1)(e) and adding new interpretations (xv), (xvi), (xvii), (xviii), (xix) & (xx) at para 1 of RIICO Policy
2. Addition new provision (xi) in para 3 of RIICO Policy
3. New para 3.1 added in RIICO Policy
4. Amendment in existing provision at para 4(iii), (vii) & (x) of RIICO Policy
5. Amendment in existing provision at Para 5(6) of RIICO Policy
6. Para 9 & 10 of RIICO Policy dated 03.01.2019 are replaced as new Para-9
7. New para 10 added in RIICO Policy
8. Para 12(2) amended as per UDH order.

Registration of LOBs on FINNET 2.0- BSE

Legal Category: SEBI
Rule ACT: SEBI (Debenture Trustees) Regulations
Update Type: Notice
Notification Date: 19, Jun, 2024
Notification No: 20240619-10
Description: The Bombay Stock Exchange of India has notified that all the Intermediaries registered with SEBI and/or other regulators in multiple capacities need to register on the FINNET 2.0 and also to update all the lines of business, if not already done.

Registration of LOBs on FINNET 2.0- BSE

Legal Category: SEBI
Rule ACT: SEBI (Depositories and Participants) Regulations
Update Type: Notice
Notification Date: 19, Jun, 2024
Notification No: 20240619-10
Description: The Bombay Stock Exchange of India has notified that all the Intermediaries registered with SEBI and/or other regulators in multiple capacities need to register on the FINNET 2.0 and also to
update all the lines of business, if not already done.

Registration of LOBs on FINNET 2.0- BSE

Legal Category: SEBI
Rule ACT: SEBI (Stock Brokers) Regulations
Update Type: Notice
Notification Date: 19, Jun, 2024
Notification No: 20240619-10
Description: The Bombay Stock Exchange of India has notified that all the Intermediaries registered with SEBI and/or other regulators in multiple capacities need to register on the FINNET 2.0 and also to update all the lines of business, if not already done.

Registration of LOBs on FINNET 2.0- BSE

Legal Category: SEBI
Rule ACT: SEBI (Alternative Investment Funds) Regulations
Update Type: Notice
Notification Date: 19, Jun, 2024
Notification No: 20240619-10
Description: The Bombay Stock Exchange of India has notified that all the Intermediaries registered with SEBI and/or other regulators in multiple capacities need to register on the FINNET 2.0 and also to update all the lines of business, if not already done.
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  • 19, Jun, 2024 Registration of LOBs on FINNET 2.0- BSE
  • 19, Jun, 2024 Registration of LOBs on FINNET 2.0- BSE
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