Daily Updates April 2022

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Delhi PCC notifies for Prohibition on Manufacture, Import, Stocking, Distribution, Sale and Use of Single Use Plastic w.e.f 1st July 2022

Brief Details	The Delhi Pollution Control Committee notifies for Prohibition on Manufacture, Import, Stocking, Distribution, Sale and Use of Single Use Plastic with effect from 1^st July 2022.
Change Type	Notification
State	Central
Effective Date	01-July-2022
Source	https://www.dpcc.delhigovt.nic.in/uploads/news/abf0ec6ce7b3cdc204d91521ec1ebcbe.pdf

Ministry of Finance notifies the Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2022

Brief Details	The Ministry of Finance, in exercise of the powers conferred by clauses (aa) and (ab) of sub-section (2) of section 46 of the Foreign Exchange Management Act, 1999, hereby makes the rules further to amend the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, namely the Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2022.
Change Type	Notification
State	Central
Effective Date	12-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/235070.pdf

Ministry Of Labour and Employment declares the services engaged in the industrial establishments in respect of Nuclear fuel to be a public utility service under the Industrial Disputes Act, 1947

Brief Details	The Ministry Of Labour and Employment, in exercise of the powers conferred by the proviso to sub-clause (vi) of clause (n) of section 2 of the Industrial Disputes Act, 1947, hereby declares the services engaged in the said industrial establishments to be a public utility service for the purposes of the said Act for a period of six months with effect from the 24^th April, 2022. This is applicable to the services engaged in the industrial establishments manufacturing or producing Nuclear Fuel and Components, Heavy Water and Allied Chemicals and Atomic Energy, which are covered under item 28 of the First Schedule to the Industrial Disputes Act, 1947.
Change Type	Notification
State	Central
Effective Date	24-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/235075.pdf

Ministry Of Labour and Employment declares the services engaged in the Iron Ore Mining to be a public utility service under the Industrial Disputes Act, 1947

Brief Details	The Ministry Of Labour and Employment, in exercise of the powers conferred by the proviso to sub-clause (vi) of clause (n) of section 2 of the Industrial Disputes Act, 1947, hereby declares the services engaged in the Iron Ore Mining to be a public utility service for the purposes of the said Act for a period of six months with effect from 14^th April, 2022. This is applicable to the services engaged in the Iron Ore Mining, which is covered under item 16 of the First Schedule to the Industrial Disputes Act, 1947.
Change Type	Notification
State	Central
Effective Date	14-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/235076.pdf

Ministry Of Labour and Employment declares the services engaged in the Copper Mining industry to be a public utility service under the Industrial Disputes Act, 1947

Brief Details	The Ministry Of Labour and Employment, in exercise of the powers conferred by the proviso to sub-clause (vi) of clause (n) of section 2 of the Industrial Disputes Act, 1947, hereby declares the services engaged in the Copper Mining industry to be a public utility service for a period of six months with effect from the date of the publication of this notification. This is applicable to the services engaged in the Copper Mining industry, which is covered under item 13 of the First Schedule to the Industrial Disputes Act,1947.
Change Type	Notification
State	Central
Effective Date	12-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/235079.pdf

BSE notifies Clarification on applicability of Regulation 23(4) read with Regulation 23(3)(e) of the SEBI (LODR) Regulations, 2015 in relation to Related Party Transactions

Brief Details	The Bombay Stock Exchange notifies Clarification on applicability of Regulation 23(4) read with Regulation 23(3)(e) of the SEBI (LODR) Regulations, 2015 in relation to Related Party Transactions based on SEBI Circular dated 8^th April 2022. In order to facilitate listed entities to align their processes to conduct AGMs and obtain omnibus shareholders’ approval for material RPTs, it has been decided to specify that the shareholders’ approval of omnibus RPTs approved in an AGM shall be valid upto the date of the next AGM for a period not exceeding fifteen months.
Change Type	Notification
State	Central
Effective Date	12-April-2022
Source	https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220412-38

BSE notifies XBRL based filing of Statement of investor compliant under Regulation 13(3) for Listed Companies at BSE

Brief Details	The Bombay Stock Exchange notifies XBRL based filing of Statement of investor compliant under Regulation 13(3) for Listed Companies at BSE. It may be noted that, filings of statement of redressal of investor grievance under (Regulation 13 (3)) should be done by all listed companies, in XBRL mode only.
Change Type	Notification
State	Central
Effective Date	12-April-2022
Source	https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220412-39

CDSL notifies Insurance Policy for Securities

Brief Details	The Central Depository Services (India) Limited notifies Insurance Policy for Securities. The DPs are hereby informed that Special Contingency Insurance Policy for Depository Services for securities has been renewed for a period of one year w. e. f. 12^th April, 2022. The said policy covers CDSL and its DPs against the risks associated with depository business.
Change Type	Circular
State	Central
Effective Date	12-April-2022
Source	https://www.ricago.com/wp-content/uploads/2022/04/Attachment-8-3.pdf

MCX issues Circular for Submission of Half Yearly Net worth Certificate as on 31^st March, 2022 dated 12^th April 2022

Brief Details	The Multi Commodity Exchange issues Circular for Submission of Half Yearly Net worth Certificate as on 31^st March, 2022. Members are advised to take note of the above and ensure due compliance on or before 31^st May, 2022.
Change Type	Notification
State	Central
Effective Date	12-April-2022
Source	https://www.mcxindia.com/docs/default-source/circulars/english/2022/april/circular-219-2022.pdf?sfvrsn=eaa50891_0

MCX issues Circular for Guidelines in pursuance of amendment to SEBI KYC (Know Your client) Registration Agency (KRA) Regulations, 2011

Brief Details	The Multi Commodity Exchange issues Circular for Guidelines in pursuance of amendment to SEBI KYC (Know Your client) Registration Agency (KRA) Regulations, 2011. Members are requested to take note and comply with applicable regulatory requirements.
Change Type	Notification
State	Central
Effective Date	12-April-2022
Source	https://www.mcxindia.com/docs/default-source/circulars/english/2022/april/circular-218-2022.pdf?sfvrsn=b6a50891_0

NCDEX issues Circular for Segregation and Monitoring of collateral at Client Level dated 12^th April 2022

Brief Details	The National Commodity & Derivatives Exchange Limited issues Circular for Segregation and Monitoring of collateral at Client Level. The provisions of this circular shall be implemented w.e.f. 2^nd May, 2022.
Change Type	Notification
State	Central
Effective Date	02-May-2022
Source	https://bit.ly/3jx9G46

Government of Bihar notifies BOCW (Regulation of Employment & Conditions of Service) (Amendment) Rules, 2016

Brief Details	The Government of Bihar notifies Bihar Building and Other Construction Workers (Regulation of Employment & Conditions of Service) (Amendment) Rules, 2016. The amendment is in Cash Award Scheme for the welfare of registered construction workers and their dependents.
Change Type	Notification
State	Bihar
Effective Date	11-April-2022
Source	https://www.ricago.com/wp-content/uploads/2022/04/Attachment-12-3.pdf

Ministry of Finance notifies Resolution on Special Deposit Schemes on PF and other Funds

Brief Details	The Ministry of Finance notifies that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announced in the Ministry of Finance (Department of Economic Affairs) Notification No.F.16(1)-PD/75 dated 30th June, 1975, shall with effect from 1^st April, 2022 to 30^th June, 2022 bear interest at 7.1% (seven point one percent). This rate will be in force w.e.f. 1^st April, 2022.
Change Type	Notification
State	Central
Effective Date	01-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/235026.pdf

SEBI notifies the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) (Amendment) Regulations, 2022

Brief Details	The Securities and Exchange Board of India, in exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992, hereby makes the regulations to further amend the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021, namely the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) (Amendment) Regulations, 2022.
Change Type	Notification
State	Central
Effective Date	11-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/235031.pdf

SEBI notifies the Securities and Exchange Board of India (Debenture Trustees) (Amendment) Regulations, 2022

Brief Details	The Securities and Exchange Board of India, in exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992, hereby makes the regulations to further amend the Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993, namely the Securities and Exchange Board of India (Debenture Trustees) (Amendment) Regulations, 2022. The amendment is made in Regulation 15 of the Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993.
Change Type	Notification
State	Central
Effective Date	11-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/235034.pdf

SEBI notifies the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2022

Brief Details	The Securities and Exchange Board of India, in exercise of the powers conferred by section 11, sub-section (2) of section 11A and section 30 of the Securities and Exchange Board of India Act, 1992, read with section 31 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), hereby makes the regulations to further amend the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, namely the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2022. The amendment is made in Regulation 54 and Regulation 56 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Change Type	Notification
State	Central
Effective Date	11-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/235035.pdf

BIS notifies amendment in some of the Indian Standards w.r.t textiles, power systems and Information Technology

Brief Details	The Bureau of Indian Standards, in pursuance of Sub-rule (1) of Rule (15) of the Bureau of Indian Standards Rules, 2018, hereby notifies amendment to Indian standards with respect to Textiles. The particulars are given in the second column of the schedule hereto annexed have been established on the date indicated against it in third column. The particulars of the standards, if any, which are given in the fourth column, shall also remain in force concurrently till they are withdrawn on the date indicated against them in the fifth column.
Change Type	Notification
State	Central
Effective Date	11-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/235042.pdf

SEBI issues Circular for Comprehensive Risk Management Framework for Electronic Gold Receipts (EGR) segment

Brief Details	The Securities and Exchange Board of India, in exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992 issues Circular for Comprehensive Risk Management Framework for Electronic Gold Receipts (EGR) segment. [SEBI/HO/CDMRD/CDMRD_DRM/P/CIR/2022/50]
Change Type	Circular
State	Central
Effective Date	11-April-2022
Source	https://www.sebi.gov.in/legal/circulars/apr-2022/comprehensive-risk-management-framework-for-electronic-gold-receipts-egr-segment_57925.html

SEBI issues Circular for Risk value of commodities for risk-o-meter

Brief Details	The Securities and Exchange Board of India, in exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act 1992, read with the provision of Regulation 77 of SEBI (Mutual Funds) Regulation, 1996 issues Circular for Risk value of commodities for risk-o-meter. [SEBI/HO/IMD/IMD-II DOF3/P/CIR/2022/49]
Change Type	Circular
State	Central
Effective Date	11-April-2022
Source	https://www.sebi.gov.in/legal/circulars/apr-2022/circular-on-risk-value-of-commodities-for-risk-o-meter_57913.html

NCDEX issues Circular for Submission of Half Yearly Net worth Certificate as on 31st March, 2022 dated 11th April, 2022

Brief Details	The National Commodity & Derivatives Exchange Limited issues Circular for Submission of Half Yearly Net worth Certificate as on 31st March, 2022. Half Yearly Net worth Certificate along with Statement of Computation of Net worth as on 31^st March, 2022 based on unaudited financial statement should be submitted to the Exchange on or before 31^st May, 2022.
Change Type	Circular
State	Central
Effective Date	11-April-2022
Source	https://bit.ly/3uxmNZD

BSE notifies Revision of UPI limits in Public Issue of Equity Shares and convertibles

Brief Details	The Bombay Stock Exchange notifies Revision of UPI limits in Public Issue of Equity Shares and convertibles. It has been decided by the SEBI that all Individual Investors applying in Public Issues where the application amount is upto 5 Lakhs shall use UPI and shall also provide their UPI ID in the bid-cum-application form submitted with any of the entities mentioned in the SEBI circular dated 5^th April 2022. [Notice No.20220408-44]
Change Type	Notification
State	Central
Effective Date	08-April-2022
Source	https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220408-44

MSEI issues Circular for Risk Based Supervision (RBS) – Submission of information for the period April 01, 2021 – March 31, 2022 (FY 2021-22)

Brief Details	The Metropolitan Stock Exchange issues Circular for Risk Based Supervision (RBS) – Submission of information for the period April 01, 2021 – March 31, 2022 (FY 2021-22). The submission to the Exchange can be done electronically through the Inspection module in the Member portal latest by May 31, 2022. [MSE/INSP/11707/2022]
Change Type	Circular
State	Central
Effective Date	11-April-2022
Source	https://www.ricago.com/wp-content/uploads/2022/04/Attachment-10-7.pdf

FSSAI notifies Direction under Section 16(5) regarding misleading advertisement and marketing of ORS substitute Products

Brief Details	The Food Safety and Standards Authority of India notifies Direction under Section 16(5) regarding misleading advertisement and marketing of ORS substitute Products.
Change Type	Notification
State	Central
Effective Date	08-April-2022
Source	https://www.fssai.gov.in/upload/advisories/2022/04/6253ddfde2161Direction_advertisement_ORS_11_04_2022.pdf

CCI notifies the Competition Commission of India (General) Amendment Regulations, 2022

Brief Details	The Competition Commission of India, in exercise of the powers conferred by Sections 36, 57 and 64 of the Competition Act, 2002, hereby makes the regulations further to amend the Competition Commission of India (General) Regulations, 2009, namely the Competition Commission of India (General) Amendment Regulations, 2022. The amendment is substitution of Regulation 35 in the Competition Commission of India (General) Regulations, 2009.
Change Type	Notification
State	Central
Effective Date	08-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/234981.pdf

MCA notifies the Companies (Incorporation) Amendment Rules, 2022

Brief Details	The Ministry of Corporate Affairs, in exercise of the powers conferred by section 10A read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013, hereby makes the rules further to amend the Companies (Incorporation) Rules, 2014 namely, the Companies (Incorporation) Amendment Rules, 2022. The amendment includes insertion in Rule 12 and substitution for FORM No.INC.20A in the Companies (Incorporation) Rules, 2014.
Change Type	Notification
State	Central
Effective Date	08-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/234994.pdf

Ministry of Commerce and Industry notifies the Special Economic Zones (Amendment) Rules, 2022

Brief Details	The Ministry of Commerce and Industry, in exercise of the powers conferred by section 55 of the Special Economic Zones Act, 2005, hereby makes the rules further to amend the Special Economic Zones Rules, 2006, namely the Special Economic Zones (Amendment) Rules, 2022. The amendment includes substitution in Rule 41 and Rule 42 of the Special Economic Zones Rules, 2006.
Change Type	Notification
State	Central
Effective Date	08-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/234995.pdf

Ministry of Consumer Affairs, Food and Public Distribution notifies the Warehousing (Development and Regulation) Registration of Warehouses (Amendment) Rules, 2022

Brief Details	The Ministry of Consumer Affairs, Food and Public Distribution, in exercise of the powers conferred by clauses (a), (b) and (c) of sub-section (2) of section 50 of the Warehousing (Development and Regulation) Act, 2007, hereby makes the rules further to amend the Warehousing (Development and Regulation) Registration of Warehouses Rules, 2017, namely the Warehousing (Development and Regulation) Registration of Warehouses(Amendment) Rules, 2022.
Change Type	Notification
State	Central
Effective Date	08-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/235019.pdf

RBI notifies Monetary Policy Statement, 2022-23

Brief Details	The Reserve Bank of India notifies Monetary Policy Statement, 2022-23. [Press Release: 2022-2023/38]
Change Type	Press Release
State	Central
Effective Date	08-April-2022
Source	https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=53537

RBI notifies Statement on Developmental and Regulatory Policies

Brief Details	The Reserve Bank of India notifies Statement on Developmental and Regulatory Policies. This Statement sets out various developmental and regulatory policy measures relating to (i) liquidity measures; (ii) regulation and supervision; and (iii) payment and settlement systems. [Press Release: 2022-2023/39]
Change Type	Press Release
State	Central
Effective Date	08-April-2022
Source	https://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=53536

RBI notifies to operationalise Standing Deposit facility (SDF)

Brief Details	The Reserve Bank of India notifies to operationalise Standing Deposit facility (SDF). All liquidity adjustment facility (LAF) participants will be eligible to participate in the SDF scheme. [Press Release: 2022-2023/41]
Change Type	Press Release
State	Central
Effective Date	08-April-2022
Source	https://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=53539

RBI notifies Individual Housing Loans – Rationalisation of Risk Weights

Brief Details	The Reserve Bank of India notifies Individual Housing Loans – Rationalisation of Risk Weights. It has been decided to continue with the risk weights contained in the circular ibid for all new individual housing loans sanctioned up to March 31, 2023. [RBI/2022-23/20]
Change Type	Notification
State	Central
Effective Date	08-April-2022
Source	https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12286&Mode=0

RBI notifies Review of SLR holdings in HTM category

Brief Details	The Reserve Bank of India notifies Review of SLR holdings in HTM category. It has now been decided to further enhance the existing Held to Maturity (HTM) limit of 22 per cent of NDTL to 23 per cent of NDTL and allow banks to include securities acquired between April 1, 2022 and March 31, 2023 under the enhanced limit of 23 per cent. This circular is applicable to all Commercial Banks. [RBI/2022-23/21]
Change Type	Notification
State	Central
Effective Date	08-April-2022
Source	https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12287&Mode=0

RBI notifies Section 24 and Section 56 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR)

Brief Details	The Reserve Bank of India notifies Section 24 and Section 56 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR). It is decided that the balances held by banks with the RBI under the SDF shall be an eligible Statutory Liquidity Ratio (SLR) asset and such balances shall form part of “Cash” for SLR maintenance. Banks shall report the SDF balances under “Cash in hand” in Form VIII or Form I, as applicable. [RBI/2022-23/23]
Change Type	Notification
State	Central
Effective Date	08-April-2022
Source	https://rbi.org.in/Scripts/NotificationUser.aspx?Id=12289&Mode=0

RBI notifies Master Circular – Management of Advances – UCBs

Brief Details	The Reserve Bank of India notifies Master Circular – Management of Advances – UCBs.
Change Type	Master Circular
State	Central
Effective Date	08-April-2022
Source	https://rbi.org.in/Scripts/BS_ViewMasCirculardetails.aspx?id=12288

RBI updates Master Direction – Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021

Brief Details	The Reserve Bank of India, in exercise of its powers conferred under Section 35A of the Banking Regulation Act 1949 updates Master Direction – Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021.
Change Type	Master Direction
State	Central
Effective Date	08-April-2022
Source	https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12153

SEBI issues Circular for Clarification on applicability of Regulation 23(4) read with Regulation 23(3)(e) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in relation to Related Party Transactions

Brief Details	The Securities and Exchange Board of India, in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with Regulation 101 of the LODR Regulations issues Circular for Clarification on applicability of Regulation 23(4) read with Regulation 23(3)(e) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in relation to Related Party Transactions.
Change Type	Circular
State	Central
Effective Date	08-April-2022
Source	https://bit.ly/3O3xpqC

SEBI issues Circular for SOP for dispute resolution available under the stock exchange arbitration mechanism for disputes between a listed company and its shareholder(s) investor(s)

Brief Details	The Securities and Exchange Board of India, in exercise of powers conferred by Section 11(1) of the Securities and Exchange Board of India Act, 1992 issues Circular for Standard Operating Procedure (SOP) for dispute resolution available under the stock exchange arbitration mechanism for disputes between a listed company and its shareholder(s) investor(s).
Change Type	Circular
State	Central
Effective Date	08-April-2022
Source	https://bit.ly/3xmCQLw

NSE issues Circular for Risk Based Supervision (RBS) – Submission of information for the period April 01, 2021 – March 31, 2022 (FY 2021-22)

Brief Details	The National Stock Exchange of India Limited, issues Circular for Risk Based Supervision (RBS) – Submission of information for the period April 01, 2021 – March 31, 2022 (FY 2021-22). [NSE/INSP/5197]
Change Type	Circular
State	Central
Effective Date	08-April-2022
Source	https://www.ricago.com/wp-content/uploads/2022/04/Attachment-15-2.pdf

NSE issues Circular for Submission of Half Yearly Networth Certificate as on 31st March, 2022 dated 8^th April, 2022

Brief Details	The National Stock Exchange of India, issues Circular for Submission of Half Yearly Networth Certificate as on 31st March, 2022. Members are advised to note that the link for submitting the Networth has been made available on ENIT COMPLIANCE NEW from April 08, 2022 onwards.
Change Type	Circular
State	Central
Effective Date	08-April-2022
Source	https://www.ricago.com/wp-content/uploads/2022/04/Attachment-16-2.pdf

BSE notifies Regulation 17(1C) of SEBI(LODR) Regulations, 2015

Brief Details	The Bombay Stock Exchange notifies Regulation 17(1C) of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. [Notice No.20220408-45]
Change Type	Notification
State	Central
Effective Date	08-April-2022
Source	https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220408-45

NSDL issues Circular for Operational guidelines w.r.t nomination for demat accounts dated 8^th April, 2022

Brief Details	The National Securities Depository Limited, issues Circular for Operational guidelines with respect to nomination for demat accounts. Participants are hereby requested to take note of the operational guidelines for necessary implementation of amendment to Bye Laws and Business Rules w.r.t. mode of operation in joint demat accounts. [NSDL/POLICY/2022/053]
Change Type	Circular
State	Central
Effective Date	08-April-2022
Source	https://bit.ly/3jnHqRw

Government of Gujarat notifies the Gujarat State Tax on Professions, Trades, Callings and Employments Act, 1976

Brief Details	The Government of Gujarat, in exercise of the powers conferred by the sub section (2) of Section 3 of the Gujarat State Tax on Professions, Trades, Callings and Employments Act, 1976 hereby fixes the rate of tax for certain class of persons.
Change Type	Notification
State	Gujarat
Effective Date	08-April-2022
Source	https://www.ricago.com/wp-content/uploads/2022/04/Attachment-19.pdf

Government of Bihar notifies the Apprentices Act, 1961

Brief Details	The Government of Bihar notifies the Apprentices Act, 1961. It is to be noted that Labour laws will not be applicable to apprentices.
Change Type	Notification
State	Bihar
Effective Date	04-April-2022
Source	https://www.ricago.com/wp-content/uploads/2022/04/Attachment-20.pdf

Government of Haryana notifies The Haryana Minimum Wages Notification

Brief Details	The Government of Haryana notifies the Haryana Minimum Wages Notification from 1^st Jan 2022 for various establishments.
Change Type	Notification
State	Haryana
Effective Date	01-January-2022
Source	https://storage.hrylabour.gov.in/uploads/labour_laws/Y2022/April/W2/D08/1649417690.pdf

Government of Goa notifies the Goa Boiler (Fifth Amendment) Rules, 2022

Brief Details	The Government of Goa, in exercise of the powers conferred by section 29 of the Boilers Act, 1923 hereby makes the rules so as to further amend the Goa Boiler Rules, 1983, namely the Goa Boiler (Fifth Amendment) Rules, 2022.
Change Type	Notification
State	Goa
Effective Date	Shall come into force on the date of their publication in the Official Gazette
Source	https://www.ricago.com/wp-content/uploads/2022/04/Attachment-22.pdf

TRAI notifies the Telecommunication Tariff (Sixty Eighth Amendment) Order, 2022

Brief Details	The Telecom Regulatory Authority of India, in exercise of the powers conferred upon it under sub-section (2) of section 11, read with sub-clause (i) of clause (b) of sub-section (1) of the said section, of the Telecom Regulatory Authority of India Act, 1997, hereby makes the Order further to amend the Telecommunication Tariff Order, 1999, namely the Telecommunication Tariff (Sixty Eighth Amendment) Order, 2022.
Change Type	Notification
State	Central
Effective Date	07-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/234961.pdf

CPCB notifies Environment (Protection) Act, 1986 read with Gazette Notification No. S.O. 2340(E) dated 16^th June 2021

Brief Details	The Central Pollution Control Board, in exercise of the powers conferred under clause (b) of sub-Section (1) of Section 12 & 13 of the Environment (Protection) Act, 1986 read with Gazette Notification No. S.O. 2340(E) dated 16^th June 2021 notifies ‘Environmental Laboratory’ to carry out the functions under the Environment (Protection) Act, 1986 along with specified persons .
Change Type	Notification
State	Central
Effective Date	07-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/234962.pdf

CPCB notifies Environment (Protection) Act, 1986 read with clause 1 of the Notification No. 145(E), dated 21^st February,1991

Brief Details	The Central Pollution Control Board, in exercise of the powers conferred under clause (b) of sub-Section (1) of Section 12 & 13 of the Environment (Protection) Act, 1986 read with clause 1 of the Notification No. 145(E), dated 21st February,1991 notifies ‘Environmental Laboratory’ to carry out the functions under the Environment (Protection) Act, 1986 along with specified persons .
Change Type	Notification
State	Central
Effective Date	07-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/234942.pdf

RBI notifies Establishment of Digital Banking Units (DBUs)

Brief Details	The Reserve Bank of India notifies Establishment of Digital Banking Units (DBUs). This is applicable to all Domestic Scheduled Commercial Banks (excluding Regional Rural Banks, Payments Banks and Local Area Banks).
Change Type	Notification
State	Central
Effective Date	07-April-2022
Source	https://rbi.org.in/Scripts/NotificationUser.aspx?Id=12285&Mode=0

BSE notifies SEBI (ICDR) (Amendment) Regulations, 2022 dated 14^th January, 2022

Brief Details	The Bombay Stock Exchange notifies Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2022 dated 14^th January, 2022. [Notice No.20220407-29]
Change Type	Notification
State	Central
Effective Date	07-April-2022
Source	https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220407-29

MCXCCL notifies Declaration – Section 206AB of the Income Tax Act, 1961

Brief Details	The Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) notifies for Declaration – Section 206AB of the Income Tax Act, 1961. It is to be noted that Multi Commodity Exchange Clearing Corporation Ltd. would not be considered as a ‘specified person’ as defined under section 206AB(3) of the Income Tax Act, 1961.
Change Type	Circular
State	Central
Effective Date	07-April-2022
Source	https://bit.ly/3r7bUeQ

Government of Andhra Pradesh notifies The Andhra Pradesh Minimum Wages Notification (April 2022)

Brief Details	The Government of Andhra Pradesh vide notification No.G/723/2022, notifies the Andhra Pradesh Minimum Wages Notification (April 2022).
Change Type	Notification
State	Andhra Pradesh
Effective Date	01-April-2022
Source	https://www.ricago.com/wp-content/uploads/2022/04/Attachment-7-2.pdf

Government of Kerala notifies The Kerala Minimum Wages Notification (February 2022)

Brief Details	The Government of Kerala notifies The Consumer Price Index (Cost of Living Index) Numbers applicable to employees in employment under the Minimum Wages Act (Central Act XI of 1948) for the month of January 2022 as ascertained by the Director of Economics & Statistics under clause (C) of Section 2 of the Act. This is for Agricultural Labourers and Industrial Workers.
Change Type	Notification
State	Kerala
Effective Date	01-February-2022
Source	https://www.ricago.com/wp-content/uploads/2022/04/Attachment-8-2.pdf

Government of Kerala notifies The Kerala Minimum Wages Notification (February 2022) for employees in Computer Software Sector

Brief Details	The Government of Kerala, in exercise of the powers conferred by clause (b) of sub-section (1) of section 3 of the Minimum Wages Act, 1948 read with sub-section (2) of section 5 hereby revise the minimum rates of wages payable to the employees employed in the Computer Software Industry Sector in the State of Kerala.
Change Type	Notification
State	Kerala
Effective Date	01-February-2022
Source	https://www.ricago.com/wp-content/uploads/2022/04/Attachment-9-5.pdf

EPFO notifies calculation and deduction of taxable interest relating to contribution in a provident fund exceeding specified limit

Brief Details	The Employee Provident Fund Organization notifies regarding calculation and deduction of taxable interest relating to contribution in a provident fund exceeding specified limit. It shall be applicable to all EPF subscribers and shall come into force on 1^st of April, 2022 for the financial year 2021-22.
Change Type	Notification
State	Central
Effective Date	01-April-2022
Source	https://www.epfindia.gov.in/site_docs/PDFs/Circulars/Y2022-2023/WSU_IT_PF_TDS_4581.pdf

RBI updates Master Direction – Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021

Brief Details	The Reserve Bank of India updates Master Direction – Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021. [RBI/DOR/2021-22/81]
Change Type	Master Direction
State	Central
Effective Date	31-March-2022
Source	https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12153

Government of Karnataka notifies the Karnataka Industrial Areas Development (Amendment) Act, 2022

Brief Details	The Government of Karnataka, amends the Karnataka Industrial Areas Development Act, 1966 namely notifies the Karnataka Industrial Areas Development (Amendment) Act, 2022. The amendment is substitution for Section 30 of the Karnataka Industrial Areas Development Act, 1966.
Change Type	Notification
State	Karnataka
Effective Date	05-April-2022
Source	https://erajyapatra.karnataka.gov.in/WriteReadData/2022/3929.pdf

SEBI issues Circular for Guidelines in pursuance of amendment to SEBI KYC Registration Agency (KRA) Regulations, 2011

Brief Details	The Securities and Exchange Board of India, in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 and Regulation 17 of the SEBI (KYC (Know Your Client) Registration Agency) Regulations, 2011 issues Circular for Guidelines in pursuance of amendment to SEBI KYC Registration Agency (KRA) Regulations, 2011. The validation of all KYC records (new and existing) shall commence from 1^st July, 2022.
Change Type	Notification
State	Central
Effective Date	01-July-2022
Source	https://bit.ly/3jbLK6j

Ministry of Road Transport and Highways notifies the Central Motor Vehicles (Eighth Amendment) Rules, 2022

Brief Details	The Ministry of Road Transport and Highways, in exercise of powers conferred by sub-section (1) of section 56 of the Motor Vehicles Act, 1988 hereby makes the rules further to amend the Central Motor Vehicles Rules, 1989, namely the Central Motor Vehicles (Eighth Amendment) Rules, 2022. The amendment is substitution in rule 62, in sub-rule (1) for clause (b) of the Central Motor Vehicles Rules, 1989.
Change Type	Notification
State	Central
Effective Date	06-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/234891.pdf

Ministry of Ayush notifies Drugs (4th Amendment) Rules, 2022

Brief Details	The Ministry of Ayush, in exercise of the powers conferred by proviso of sub-section (1) of section 33N of the Drugs and Cosmetics Act, 1940, hereby makes the rules further to amend the Drugs Rules, 1945, namely the Drugs (4th Amendment) Rules, 2022. The amendment is substitution in Rule 153, Rule 153 A and omission of Form 26 D and Form 26 E of the Drugs Rules, 1945.
Change Type	Notification
State	Central
Effective Date	06-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/234884.pdf

CBDT notifies the Income-tax (Eighth Amendment) Rules, 2022

Brief Details	The Central Board of Direct Taxes, in exercise of the powers conferred by clause (48) of section 2 and clause (47) of section 10 read with section 295 of the Income-tax Act, 196, hereby makes the rules further to amend the Income-tax Rules, 1962, namely the Income-tax (Eighth Amendment) Rules, 2022. The Amendment is of the Income tax Rules, 1962 for enabling Infrastructure Debt Fund Non-Banking Finance Companies to issue zero coupon bonds as provided under clause (48) of section 2 of the Income tax Act, 1961.
Change Type	Notification
State	Central
Effective Date	06-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/234909.pdf

MCA notifies the Companies (Management and Administration) Amendment Rules, 2022

Brief Details	The Ministry of Corporate Affairs, in exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013, hereby makes the rules further to amend the Companies (Management and Administration) Rules, 2014, namely the Companies (Management and Administration) Amendment Rules, 2022. The amendment is insertion in rule 14, after sub-rule (2) of the Companies (Management and Administration) Rules, 2014.
Change Type	Notification
State	Central
Effective Date	06-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/234911.pdf

RBI updates Master Direction – Reserve Bank of India [Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)] Directions – 2021

Brief Details	The Reserve Bank of India, in exercise of the powers conferred by Section 35 A of the Banking Regulation Act, 1949 and pursuant to Section 42 of the Reserve Bank of India Act, 1934 and Sections 18, 24 and 56 of the Banking Regulation Act, 1949 updates Master Direction – Reserve Bank of India [Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)] Directions – 2021. [RBI/DOR/2021-22/80]
Change Type	Master Direction
State	Central
Effective Date	06-April-2022
Source	https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12131

NSE issues Circular for Internal Audit of Trading members / Clearing members

Brief Details	The National Stock Exchange of India Limited, issues Circular for Internal Audit of Trading members / Clearing members. The additional eligibility criteria has been prescribed for the auditors qualified to conduct the internal audit of members. [NSE/INSP/ 51939]
Change Type	Circular
State	Central
Effective Date	06-April-2022
Source	https://archives.nseindia.com/content/circulars/INSP51939.pdf

NSE issues Circular for (API) for Weekly submission of Holding Statement, Cash and Cash Equivalent Balances and Bank Balances

Brief Details	The National Stock Exchange of India Limited issues Circular for Application Programming Interface (API) for Weekly submission of Holding Statement, Cash and Cash Equivalent Balances and Bank Balances. It shall be made applicable from week ended 4^th June 2022 onwards, the due date of which will be 9^th June, 2022, and for each week thereafter. [NSE/INSP/51938]
Change Type	Circular
State	Central
Effective Date	06-April-2022
Source	https://www.ricago.com/wp-content/uploads/2022/04/Attachment-9-4.pdf

CDSL notifies Submission/ Dissemination of DP Tariff/ Charge Structure to CDSL every year

Brief Details	The Central Depository Services (India) Limited notifies Submission/ Dissemination of DP Tariff/ Charge Structure to CDSL every year. All DPs are required to ensure the compliance by submitting their tariff structure details on CDSL’s website latest by April 30, 2022. [CDSL/OPS/DP/EASI/2022/197]
Change Type	Notification
State	Central
Effective Date	06-April-2022
Source	https://www.ricago.com/wp-content/uploads/2022/04/Attachment-10-6.pdf

FSSAI notifies declaration with respect to Veg or Non-Veg Logo for source of ingredient including additives on the food label

Brief Details	The Food Safety and Standards Authority of India, notifies declaration with respect to Veg or Non-Veg Logo for source of ingredient including additives on the food label. Strict enforcement of the Clause 2.2.2 (4) of FSS (Packaging & Labelling) Regulations, 2011 has been directed in accordance with this notification.
Change Type	Notification
State	Central
Effective Date	06-April-2022
Source	https://bit.ly/3NNkhGh

CBDT notifies the Income-tax (Seventh Amendment) Rules, 2022

Brief Details	The Central Board of Direct Taxes, in exercise of the powers conferred by sub-sections (1) and (2) of section 245MA read with section 295 of the Income-tax Act, 1961, hereby makes the rules further to amend the Income-tax Rules, 1962 namely the Income-tax (Seventh Amendment) Rules, 2022. The amendments are insertion of Part –IX-AA after Part- IX-A and Form No. 34 BC after Form 34 BB in Appendix-II of the Income-tax Rules, 1962.
Change Type	Notification
State	Central
Effective Date	05-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/234848.pdf

Ministry of Personnel, Public Grievances and Pensions notifies Holiday on 14^th April 2022

Brief Details	The Ministry of Personnel, Public Grievances and Pensions, in exercise of the Powers conferred by Section 25 of the Negotiable Instruments Act, 1881, hereby declares Thursday, the 14^th April, 2022, as a Closed Holiday throughout India on account of birthday of Dr. B.R. Ambedkar. [F. No. 12/4/2020-JCA]
Change Type	Notification
State	Central
Effective Date	14-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/234841.pdf

CBDT notifies the e-Dispute Resolution Scheme, 2022

Brief Details	The Central Board of Direct Taxes, in exercise of the powers conferred by sub-sections (3) and (4) of section 245MA of the Income-tax Act, 1961, hereby makes the Scheme, namely the e-Dispute Resolution Scheme, 2022.
Change Type	Notification
State	Central
Effective Date	05-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/234851.pdf

IBBI notifies the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Amendment) Regulations, 2022

Brief Details	The Insolvency and Bankruptcy Board of India, in exercise of the powers conferred by clause (t) of sub-section (1) of section 196 read with section 240 of the Insolvency and Bankruptcy Code, 2016, hereby makes the regulations further to amend the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 namely the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Amendment) Regulations, 2022.
Change Type	Notification
State	Central
Effective Date	05-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/234852.pdf

SEBI issues Circular for Revision of UPI limits in Public Issue of Equity Shares and convertibles

Brief Details	The Securities and Exchange Board of India, in exercise of the powers under section 11 read with section 11A of the Securities and Exchange Board of India Act, 1992issues Circular for Revision of UPI limits in Public Issue of Equity Shares and convertibles. This circular shall come into force for Public Issues opening on or after 1^st May, 2022. [SEBI/HO/CFD/DIL2/CIR/P/2022/45]
Change Type	Circular
State	Central
Effective Date	01-May-2022
Source	https://www.sebi.gov.in/legal/circulars/apr-2022/revision-of-upi-limits-in-public-issue-of-equity-shares-and-convertibles_57589.html

NSDL notifies Corrigendum to Circular related to Amendment to Business Rules of NSDL dated 4^th April, 2022

Brief Details	The National Securities Depository Limited notifies Corrigendum to Circular related to Amendment to Business Rules of NSDL. Issuers & R&T Agents are hereby informed that Rule 12.6.5 is reinstated in Business Rules of NSDL, as “12.6.5 The Participant shall effect the request for transmission of securities within seven days of receipt of complete set of requisite documents”.
Change Type	Circular
State	Central
Effective Date	04-April-2022
Source	https://bit.ly/3KuzPg9

Government of West Bengal notifies Declaration Of Paid Holiday On Account Of Bye-Election In West Bengal on 12^th April 2022

Brief Details	The Government of West Bengal, in exercise of the powers under Section 135B of the Representation of Peoples Act, 1951 notifies Paid Holiday On Account Of Bye-Election In West Bengal on 12^th April, 2022 (Tuesday). This is for the employees who are working in an industrial undertaking or any other establishments on account of bye election at 40-Asansol Parliamentary Constituency and 161-Ballygunge assembly constituency.
Change Type	Notification
State	West Bengal
Effective Date	12-April-2022
Source	https://wblabour.gov.in/sites/default/files/upload/notice/Order_Labr_350.pdf

CCI Revises Long Form for Merger & Acquisitions

Brief Details	The Competition Commission of India Revises Long Form for Merger & Acquisitions. The CCI has notified the revised Form II (i.e long form of merger notification). The revised Form II will be effective from 1^st May 2022.
Change Type	Notification
State	Central
Effective Date	01-May-2022
Source	https://www.cci.gov.in/sites/default/files/press_release/PR01-2022-23.pdf

RBI notifies Master Circular – Facility for Exchange of Notes and Coins

Brief Details	The Reserve Bank of India notifies Master Circular – Facility for Exchange of Notes and Coins. [RBI/2022-23/01]
Change Type	Master Circular
State	Central
Effective Date	01-April-2022
Source	https://rbi.org.in/Scripts/NotificationUser.aspx?Id=12265&Mode=0

RBI updates Master Circular on SHG-Bank Linkage Programme

Brief Details	The Reserve Bank of India updates Master Circular on Self Help Group (SHG)-Bank Linkage Programme. [RBI/2022-23/02]
Change Type	Master Circular
State	Central
Effective Date	01-April-2022
Source	https://rbi.org.in/Scripts/NotificationUser.aspx?Id=12266&Mode=0

RBI updates Master Circular – Asset Reconstruction Companies

Brief Details	The Reserve Bank of India updates Master Circular – Asset Reconstruction Companies. . This shall apply to ARCs registered with the Reserve Bank of India under Section 3 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. These are the instructions contained in The Asset Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003 (vide Notification No.DNBS.2/CGM(CSM)-2003, dated April 23, 2003) together with Guidance Notes updated as on March 31, 2022. [RBI/2022-23/03]
Change Type	Master Circular
State	Central
Effective Date	01-April-2022
Source	https://rbi.org.in/Scripts/NotificationUser.aspx?Id=12267&Mode=0

RBI notifies Master Circular – Scheme of Penalties for bank branches including Currency Chests for deficiency in rendering customer service to the members of public

Brief Details	The Reserve Bank of India notifies Master Circular – Scheme of Penalties for bank branches including Currency Chests for deficiency in rendering customer service to the members of public. [RBI/2022-23/04]
Change Type	Master Circular
State	Central
Effective Date	01-April-2022
Source	https://rbi.org.in/Scripts/NotificationUser.aspx?Id=12268&Mode=0

RBI notifies Master Direction on Framework of Incentives for Currency Distribution & Exchange Scheme for bank branches including currency chests based on performance in rendering customer service to the members of public

Brief Details	The Reserve Bank of India notifies Master Direction on Framework of Incentives for Currency Distribution & Exchange Scheme for bank branches including currency chests based on performance in rendering customer service to the members of public. [RBI/2022-23/90]
Change Type	Master Direction
State	Central
Effective Date	01-April-2022
Source	https://rbi.org.in/Scripts/NotificationUser.aspx?Id=12269&Mode=0

RBI notifies Master Direction on Penal Provisions in deficiencies in reporting of transactions/ balances at Currency Chests

Brief Details	The Reserve Bank of India notifies Master Direction on Penal Provisions in deficiencies in reporting of transactions/ balances at Currency Chests. [RBI/2022-23/91]
Change Type	Master Direction
State	Central
Effective Date	01-April-2022
Source	https://rbi.org.in/Scripts/NotificationUser.aspx?Id=12270&Mode=0

RBI updates Master Circular on Investments by Primary (Urban) Co-operative Banks

Brief Details	The Reserve Bank of India updates Master Circular on Investments by Primary (Urban) Co-operative Banks. [RBI/2022-23/05]
Change Type	Master Circular
State	Central
Effective Date	01-April-2022
Source	https://rbi.org.in/Scripts/NotificationUser.aspx?Id=12271&Mode=0

RBI updates Master Circular – Guarantees, Co-Acceptances & Letters of Credit – UCBs

Brief Details	The Reserve Bank of India updates Master Circular – Guarantees, Co-Acceptances & Letters of Credit – UCBs. [RBI/2022-23/06]
Change Type	Master Circular
State	Central
Effective Date	01-April-2022
Source	https://rbi.org.in/Scripts/NotificationUser.aspx?Id=12272&Mode=0

RBI updates Master Circular – Detection and Impounding of Counterfeit Notes

Brief Details	The Reserve Bank of India updates Master Circular – Detection and Impounding of Counterfeit Notes. [RBI/2022-23/07]
Change Type	Master Circular
State	Central
Effective Date	01-April-2022
Source	https://rbi.org.in/Scripts/NotificationUser.aspx?Id=12273&Mode=0

RBI updates Master Circular on Conduct of Government Business by Agency Banks – Payment of Agency Commission

Brief Details	The Reserve Bank of India updates Master Circular on Conduct of Government Business by Agency Banks – Payment of Agency Commission. [RBI/2022-23/08]
Change Type	Master Circular
State	Central
Effective Date	01-April-2022
Source	https://rbi.org.in/Scripts/NotificationUser.aspx?Id=12274&Mode=0

RBI updates Master Circular – Disbursement of Government Pension by Agency Banks

Brief Details	The Reserve Bank of India updates Master Circular – Disbursement of Government Pension by Agency Banks. [RBI/2022-23/09]
Change Type	Master Circular
State	Central
Effective Date	01-April-2022
Source	https://rbi.org.in/Scripts/NotificationUser.aspx?Id=12275&Mode=0

RBI updates Master Circular – Guarantees and Co-acceptances

Brief Details	The Reserve Bank of India updates Master Circular – Guarantees and Co-acceptances. [RBI/2022-23/10]
Change Type	Master Circular
State	Central
Effective Date	01-April-2022
Source	https://rbi.org.in/Scripts/NotificationUser.aspx?Id=12276&Mode=0

RBI updates Master Circular – Lead Bank Scheme

Brief Details	The Reserve Bank of India updates Master Circular – Lead Bank Scheme. [RBI/2022-23/11]
Change Type	Master Circular
State	Central
Effective Date	01-April-2022
Source	https://rbi.org.in/Scripts/BS_ViewMasCirculardetails.aspx?id=12277

RBI updates Master Circular – Basel III Capital Regulations

Brief Details	The Reserve Bank of India updates Master Circular – Basel III Capital Regulations. [RBI/2022-23/12]
Change Type	Master Circular
State	Central
Effective Date	01-April-2022
Source	https://rbi.org.in/Scripts/BS_ViewMasCirculardetails.aspx?id=12278

RBI updates Master Circular – Prudential Norms on Capital Adequacy – Primary (Urban) Co-operative Banks (UCBs)

Brief Details	The Reserve Bank of India updates Master Circular – Prudential Norms on Capital Adequacy – Primary (Urban) Co-operative Banks (UCBs). [RBI/2022-23/13]
Change Type	Master Circular
State	Central
Effective Date	01-April-2022
Source	https://rbi.org.in/Scripts/NotificationUser.aspx?Id=12279&Mode=0

RBI updates Master Circular – Bank Finance to Non-Banking Financial Companies (NBFCs)

Brief Details	The Reserve Bank of India updates Master Circular – Bank Finance to Non-Banking Financial Companies (NBFCs). [RBI/2022-23/14]
Change Type	Master Circular
State	Central
Effective Date	01-April-2022
Source	https://rbi.org.in/Scripts/NotificationUser.aspx?Id=12280&Mode=0

RBI updates Master Circular – Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances

Brief Details	The Reserve Bank of India updates Master Circular – Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances. [RBI/2022-23/15]
Change Type	Master Circular
State	Central
Effective Date	01-April-2022
Source	https://rbi.org.in/Scripts/BS_ViewMasCirculardetails.aspx?id=12281

RBI updates Master Circular – Housing Finance

Brief Details	The Reserve Bank of India updates Master Circular – Housing Finance. [RBI/2022-23/16]
Change Type	Master Circular
State	Central
Effective Date	01-April-2022
Source	https://rbi.org.in/Scripts/NotificationUser.aspx?Id=12282&Mode=0

RBI updates Master Circular – Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs

Brief Details	The Reserve Bank of India updates Master Circular – Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs. [RBI/2022-23/17]
Change Type	Master Circular
State	Central
Effective Date	01-April-2022
Source	https://rbi.org.in/Scripts/BS_ViewMasCirculardetails.aspx?id=12283

RBI notifies Net Owned Fund for certain categories of NBFCs

Brief Details	The Reserve Bank of India, in exercise of the powers conferred by clause (b) of sub-section (1) of Section 45-IA of the Reserve Bank of India Act, 1934 (Act 2 of 1934) and by Section 3 and Section 4 of the Factoring Regulation Act, 2011 (Act 12 of 2012), hereby specifies ten crore rupees as Net Owned Fund (NOF) required for certain categories of Non-Banking Financial Companies (NBFCs) to commence or carry on the business of non-banking financial institution from 1^st October, 2022. [ADVT.-III/4/Exty./717/2021-22]
Change Type	Notification
State	Central
Effective Date	01-October-2022
Source	https://egazette.nic.in/WriteReadData/2022/234813.pdf

RBI updates Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021

Brief Details	The Reserve Bank of India updates Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021. [RBI/2020-21/73]
Change Type	Master Direction
State	Central
Effective Date	01-April-2022
Source	https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12030

RBI updates Master Direction – Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016

Brief Details	The Reserve Bank of India updates Master Direction – Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016. [RBI/DNBR/2016-17/45]
Change Type	Master Direction
State	Central
Effective Date	01-April-2022
Source	https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=10586

RBI updates Master Direction – Exemptions from the provisions of RBI Act, 1934

Brief Details	The Reserve Bank of India updates Master Direction – Exemptions from the provisions of RBI Act, 1934. [RBI/DNBR/2016-17/40]
Change Type	Master Direction
State	Central
Effective Date	01-April-2022
Source	https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=10565

RBI updates Master Direction – Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016

Brief Details	The Reserve Bank of India updates Master Direction – Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016. [RBI/DNBR/2016-17/44]
Change Type	Master Direction
State	Central
Effective Date	01-April-2022
Source	https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=10585

MCA notifies the Companies (Indian Accounting Standards) Amendment Rules, 2022

Brief Details	The Ministry of Corporate Affairs, in exercise of the powers conferred by section 133 read with section 469 of the Companies Act, 2013, hereby makes the rules further to amend the Companies (Indian Accounting Standards) Rules, 2015. [F. No. 01/01/2009-CL-V (Part. XI)]
Change Type	Notification
State	Central
Effective Date	01-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/234814.pdf

CBDT notifies the Income-tax (Sixth Amendment) Rules, 2022

Brief Details	The Central Board of Direct Taxes, in exercise of the powers conferred by section 89A read with section 295 of the Income tax Act, 1961, hereby makes the rules further to amend the Income-tax Rules,1962 namely Income-tax (Sixth Amendment) Rules, 2022. The Amendment is of the Income tax Rules, 1962 for providing the manner and year of taxation of income from retirement benefit account maintained in a notified country. [Notification No. 24/2022 [F. No. 370142/7/2022-TPL]
Change Type	Notification
State	Central
Effective Date	04-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/234815.pdf

DGFT notifies Amendment in Para 2.90A of Handbook of Procedure- 2015-20

Brief Details	The Directorate General of Foreign Trade, in exercise of the powers conferred under Paragraph 2.04 of the Foreign Trade Policy, 2015-20, hereby amends Para 2.90A of Handbook of Procedure- 2015-20. In Para 2.90 A (vi) and (vii) of Handbook of Procedure – 2015-20 (as amended vide Public Notice No. 46/2015-20 dated 30.03.2021), “01.04.2022″ may be substituted by “31.3.2023”. The date for implementation of Track and Trace system for export of drug formulations with respect to maintaining the Parent-Child relationship in packaging levels and its uploading on Central Portal has been extended up to 31.3.2023 for both SSI and non SSI manufactured drugs.
Change Type	Notification
State	Central
Effective Date	04-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/234821.pdf

CBDT notifies Notified Country under section 89A of the Income tax Act, 1961

Brief Details	The Central Board of Direct Taxes, in exercise of the powers conferred by section 89A of the Income-tax Act, 1961 hereby notifies certain countries as a “notified country” for the purposes of the said section. [Notification No. 25/2022/F. No. 370142/7/2022-TPL]
Change Type	Notification
State	Central
Effective Date	04-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/234816.pdf

SEBI issues Circular for Execution of ‘Demat Debit and Pledge Instruction’ (DDPI) for transfer of securities towards deliveries / settlement obligations and pledging / re-pledging of securities

Brief Details	The Securities and Exchange Board of India, in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 and Section 19 of the Depositories Act, 1996 issues Circular for Execution of ‘Demat Debit and Pledge Instruction’ (DDPI) for transfer of securities towards deliveries / settlement obligations and pledging / re-pledging of securities. [SEBI/HO/MIRSD/DoP/P/CIR/2022/44]
Change Type	Circular
State	Central
Effective Date	01-July-2022
Source	https://bit.ly/3KgRDen

Government of Madhya Pradesh notifies The Madhya Pradesh Minimum Wages Notification (April 2022)

Brief Details	The Government of Madhya Pradesh notifies The Madhya Pradesh Minimum Wages Notification (April 2022).
Change Type	Notification
State	Madhya Pradesh
Effective Date	01-April-2022
Source	https://www.ricago.com/wp-content/uploads/2022/04/Attachment-31.pdf

Government of Karnataka notifies Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976

Brief Details	The Government of Karnataka, in exercise of the powers conferred by the proviso to sub-section (1) of Section 5 of the Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976 hereby notifies with effect from the 1^st April 2022 that, every employer liable to be registered under said Act shall submit an application for a certificate of registration, electronically through internet in particular manner.
Change Type	Notification
State	Karnataka
Effective Date	01-April-2022
Source	https://erajyapatra.karnataka.gov.in/WriteReadData/2022/3915.pdf

Ministry of Labour and Employment notifies Revised VDA (Minimum Wages) (April 2022)

Brief Details	The Ministry of Labour and Employment notifies Revised Variable Dearness Allowance (VDA) (Minimum Wages) with effect from 1^st April, 2022 for various employments.
Change Type	Notification
State	Central
Effective Date	01-April-2022
Source	https://clc.gov.in/clc/node/690

Ministry of Road Transport and Highways notifies the Central Motor Vehicles (Seventh Amendment) Rules, 2022

Brief Details	The Ministry of Road Transport and Highways, in exercise of the powers conferred by section 110 of the Motor Vehicles Act, 1988, hereby makes the rules further to amend the Central Motor Vehicles Rules, 1989. The amendment is In the Central Motor Vehicles Rules, 1989, in sub-rule (1) of rule 115G, after the words, figures, “the 23^rd April, 2015” the words, “as amended from time to time” shall be inserted. [RT-11028/03/2021-MVL]
Change Type	Notification
State	Central
Effective Date	01-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/234775.pdf

CCI notifies the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2022

Brief Details	The Competition Commission of India, in exercise of the powers conferred by section 64 of the Competition Act, 2002, hereby makes the regulations further to amend the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011. [F. No. CCI/CD/Amend/Comb. Regl./2022]
Change Type	Notification
State	Central
Effective Date	01-May-2022
Source	https://egazette.nic.in/WriteReadData/2022/234781.pdf

ESIC notifies to relax the eligibility condition of ESIC COVID-19 Relief Scheme

Brief Details	The Employees’ State Insurance Corporation, in exercise of the powers conferred upon it under sub-section (1) of section 97 of the Employees’ State Insurance Act 1948 notifies to relax the eligibility condition of ESIC COVID-19 Relief Scheme with effect from 24^th March, 2020. It is notified that the deceased Insured Person must have been in employment on the date of diagnosis of COVID19 disease and contributions for at least 35 days should have been paid or payable in respect of him / her during a period of maximum one year immediately preceding the diagnosis of COVID-19 disease resulting in death. [ADVT.-III/4/Exty./729/2021-22]
Change Type	Notification
State	Central
Effective Date	01-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/234792.pdf

DGFT notifies Amendments to Foreign Trade Policy 2015-2020 – Extension of Integrated Good and Service Tax (IGST) and Compensation cess exemption under Advance Authorisation, EPCG and EOU scheme up to 30^th June, 2022

Brief Details	The Directorate General of Foreign Trade, in exercise of powers conferred by Section 5 of FT(D&R) act 1992, read with Paragraph 1.02 of the Foreign Trade Policy, 2015-20, hereby makes amendments in Foreign Trade Policy 2015-20. The amendments are in Para 4.14, Para 5.01(a) and Para 6.01(d)(ii) of FTP 2015-20. [No. 66/2015-20]
Change Type	Notification
State	Central
Effective Date	01-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/234794.pdf

CBDT notifies the Income-tax (Fifth Amendment) Rules, 2022

Brief Details	The Central Board of Direct Taxes, in exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961, hereby makes the rules further to amend Income-tax Rules, 1962 namely the Income-tax (Fifth Amendment) Rules, 2022. The amendment is substitution in Appendix-II, for Form ITR-7, of Income Tax Rules, 1962. [[Notification No. 23/2022/F. No. 370142/8/2022-TPL-Pt.VII]
Change Type	Notification
State	Central
Effective Date	01-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/234798.pdf

SEBI issues Circular for Standardization of industry classification- Applicability to Credit Rating Agencies (CRAs)

Brief Details	The Securities and Exchange Board of India, in exercise of the powers conferred by Section 11 (1) of Securities and Exchange Board of India Act, 1992 read with the provisions of Regulation 20 of SEBI (Credit Rating Agencies) Regulations, 1999 issues Circular for Standardization of industry classification- Applicability to Credit Rating Agencies (CRAs). [SEBI/HO/MIRSD/CRADT/CIR/P/2022/42]
Change Type	Circular
State	Central
Effective Date	01-October-2022
Source	https://www.sebi.gov.in/legal/circulars/apr-2022/standardization-of-industry-classification-applicability-to-credit-rating-agencies-cras-_57531.html

SEBI issues Circular for Standardisation of Ratings Scales Used by credit rating agencies – Extension of timeline for implementation

Brief Details	The Securities and Exchange Board of India, in exercise of the powers conferred by Section 11 (1) of Securities and Exchange Board of India Act, 1992 read with the provisions of Regulation 20 of SEBI (Credit Rating Agencies) Regulations, 1999 issues Circular for Standardisation of Ratings Scales Used by credit rating agencies – Extension of timeline for implementation. It has been decided that Credit rating agencies shall ensure compliance with the requirements/ provisions of the section B of the aforesaid circular on or before June 30,2022. [SEBI/HO/MIRSD/MIRSD_CRADT /P/CIR/2022/43]
Change Type	Circular
State	Central
Effective Date	30-June-2022
Source	https://www.sebi.gov.in/legal/circulars/apr-2022/standardisation-of-ratings-scales-used-by-credit-rating-agencies-extension-of-timeline-for-implementation_57529.html

NSE issues Circular for Submission of Half Yearly Networth Certificate as on 31^st March, 2022

Brief Details	The National Stock Exchange of India, issues Circular for Submission of Half Yearly Networth Certificate as on 31^st March, 2022. Members are hereby advised to submit the Half Yearly Networth Certificate as on 31^st March, 2022, on Electronic NSE Interface for Trading Members (ENIT) by 31^st May, 2022. [NSE/COMP/51873]
Change Type	Circular
State	Central
Effective Date	01-April-2022
Source	https://www.ricago.com/wp-content/uploads/2022/04/Attachment-8-1.pdf

CBDT issues Circular for Extension of time line for electronic filing of Form No.10AB for seeking registration or approval under Section 10(23C), 12A or BOG of the Income Tax Act,1961

Brief Details	The Central Board of Direct Taxes, in exercise of its powers under Section 119(1) of the Income Tax Act, 1961, extends the due date for electronic filing of Form No. 10AB. The extension is in the application for registration or approval under Section 10(23C), 12A or BOG of the Act in Form No.1 DAB, for which the last date for filing falls on or before 29^th September, 2022, may be filed on or before 30^th September, 2022. [Circular No. 8 /2022]
Change Type	Circular
State	Central
Effective Date	31-March-2022
Source	https://incometaxindia.gov.in/communications/circular/circular-no-8-2022.pdf

CBIC notifies GST Notifications for implementation of Scheme for Brick Kilns

Brief Details	The Central Board of Indirect Taxes and Customs, GST Notifications for implementation of Scheme for Brick Kilns.
Change Type	Notification
State	Central
Effective Date	01-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/234755.pdf

NSDL issues Circular for Internal and Concurrent Audit of depository operations

Brief Details	The National Securities Depository Limited issues Circular for Internal and Concurrent Audit of depository operations. As per Bye Law 10.3, each Participant is required to have its depository operations audited by a qualified Chartered Accountant or a Company Secretary or a Cost and Management Accountant holding a Certificate of Practice. Based on such audit, a copy of the report should be submitted to NSDL on half yearly basis. [NSDL/POLICY/2022/049]
Change Type	Circular
State	Central
Effective Date	01-April-2022
Source	https://nsdl.co.in/downloadables/pdf/2022-049-Policy-%20Internal%20and%20Concurrent%20Audit%20of%20depository%20operations.pdf

CDSL notifies Demat and Remat Process Flow

Brief Details	The Central Depository Services (India) Limited notifies Demat and Remat Process Flow.
Change Type	Notification
State	Central
Effective Date	01-April-2022
Source	https://www.ricago.com/wp-content/uploads/2022/04/Attachment-12-1.pdf

CDSL notifies Revised format on for report on Internal Audit and Concurrent Audit of risk prone areas of DP operations for half year ended 31^st March 2022

Brief Details	The Central Depository Services (India) Limited notifies Revised format on for report on Internal Audit and Concurrent Audit of risk prone areas of DP operations for half year ended 31st March 2022. The due date for submission of IAR for half year ended 31st March, 2022 is 15th May 2022.
Change Type	Notification
State	Central
Effective Date	01-April-2022
Source	https://www.ricago.com/wp-content/uploads/2022/04/Attachment-13.pdf

Government of Gujarat notifies The Gujarat Minimum Wages Notification (April 2022)

Brief Details	The Government of Gujarat notifies The Gujarat Minimum Wages Notification (April 2022).
Change Type	Notification
State	Gujarat
Effective Date	01-April-2022
Source	https://www.ricago.com/wp-content/uploads/2022/04/Attachment-14.pdf

Government of Bihar notifies The Bihar Minimum Wages Notification (April 2022)

Brief Details	The Government of Bihar vide notification Sr. No. 5/M.W.-40-16/2021-L&R-992 has released Minimum Wages effective from 1^st April 2022, In exercise of the powers conferred by section -3 of the Minimum Wages Act, 1948 (XI of 1948), read with the clause (B) of subsection(1) of Section-5 of the said act.
Change Type	Notification
State	Bihar
Effective Date	01-April-2022
Source	https://www.ricago.com/wp-content/uploads/2022/04/Attachment-15-1.pdf

Government of Uttarakhand notifies Uttarakhand Minimum Wages Notification (April 2022)

Brief Details	The Government of Uttarakhand vide notification No 1064/4-01/13 has released Minimum Wages effective from 1^st April 2022.
Change Type	Notification
State	Uttarakhand
Effective Date	01-April-2022
Source	https://www.ricago.com/wp-content/uploads/2022/04/Attachment-16-1.pdf

Government of Uttar Pradesh notifies Uttar Pradesh Minimum Wages Notification (April 2022)

Brief Details	The Government of Uttar Pradesh vide notification No. 268-76/Pravartan-(M.W.)/15 has released minimum wages effective from 1st April 2022 to 30th September 2022.
Change Type	Notification
State	Uttar Pradesh
Effective Date	01-April-2022
Source	https://www.ricago.com/wp-content/uploads/2022/04/Attachment-17-1.pdf

CBDT notifies the Income-tax (Fourth Amendment) Rules, 2022

Brief Details	The Central Board of Direct Taxes, in exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961, hereby makes the rules further to amend Income-tax Rules, 1962 namely the Income-tax (Fourth Amendment) Rules, 2022. The amendment includes substitution in Rule 12 and in Appendix-II, for Forms SAHAJ ITR-1, ITR-2, ITR-3, SUGAM ITR4, ITR-5, ITR-6, ITR-V and ITR- Ack of Income-tax Rules, 1962.
Change Type	Notification
State	Central
Effective Date	01-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/234751.pdf

Ministry of Labour and Employment notifies ESI Coverage of Nagapattinam district in Tamil Nadu

Brief Details	The Ministry of Labour and Employment, in exercise of the powers conferred by sub-section (3) of section 1 of the Employees’ State Insurance Act, 1948, hereby appoints the 1^st April, 2022, as the date on which the provisions of the said Act shall come into force in all the areas of Nagapattinam district in the State of Tamil Nadu.
Change Type	Notification
State	Central
Effective Date	01-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/234732.pdf

MCA notifies the Companies (Accounts) Second Amendment Rules, 2022

Brief Details	The Ministry of Corporate Affairs, in exercise of the powers conferred by sub-sections (1) and (3) of section 128, sub section (3) of section 129, section 133, section 134, sub-section (4) of section 135, sub-section (1) of section 136, section 137 and section 138 read with section 469 of the Companies Act, 2013, hereby makes the rules further to amend the Companies (Accounts) Rules, 2014 namely the Companies (Accounts) Second Amendment Rules, 2022.
Change Type	Notification
State	Central
Effective Date	31-March-2022
Source	https://egazette.nic.in/WriteReadData/2022/234733.pdf

DGFT notifies extension in Foreign Trade Policy 2015-2020

Brief Details	The Directorate General of Foreign Trade, in exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 read with paragraph 1.02 of the Foreign Trade Policy (FTP) 2015-2020, as amended, hereby makes, with immediate effect, the amendments in the FTP 2015-2020. The existing Foreign Trade Policy 2015-2020 which is valid upto 31^st March, 2022 is extended upto 30th September, 2022. [No. 64/2015-2020]
Change Type	Notification
State	Central
Effective Date	31-March-2022
Source	https://egazette.nic.in/WriteReadData/2022/234737.pdf

DGFT notifies Amendment in the Handbook of Procedures (HBP), 2015-20

Brief Details	The Directorate General of Foreign Trade, in exercise of powers conferred under paragraph 2.04 of the Foreign Trade Policy (FTP) 2015-2020, hereby makes, with immediate effect, the amendments in the Handbook of Procedures (HBP), 2015-20. The Validity of the existing Hand Book of Procedures, 2015-20 is extended upto 30^th September 2022. [No. 53/2015-2020]
Change Type	Notification
State	Central
Effective Date	31-March-2022
Source	https://egazette.nic.in/WriteReadData/2022/234738.pdf

CBIC notifies amendments to notification dated 31^st March, 2003 w.r.t Exemption of goods

Brief Details	The Central Board of Indirect Taxes and Customs, in exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962, hereby makes further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 52/2003-Customs, dated the 31^st March, 2003 published in the Gazette of India, Extraordinary, vide number G.S.R. 274 (E), dated the 31st March, 2003, namely : In the opening paragraph, in the proviso, for the figures, letters and words “1st day of April, 2022”, the figures, letters and words “1st day of July, 2022” shall be substituted. [No. 18/2022-Customs]
Change Type	Notification
State	Central
Effective Date	31-March-2022
Source	https://egazette.nic.in/WriteReadData/2022/234746.pdf

Ministry of Finance notifies amendments to various notifications w.r.t Customs

Brief Details	The Ministry of Finance, in exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962, hereby makes further amendments in each of the notifications of the Government of India in the Ministry of Finance (Department of Revenue). [No. 19/2022-Customs]
Change Type	Notification
State	Central
Effective Date	31-March-2022
Source	https://egazette.nic.in/WriteReadData/2022/234748.pdf

RBI notifies Bilateral Netting of Qualified Financial Contracts – Amendments to Prudential Guidelines

Brief Details	The Reserve Bank of India, in exercise of the powers conferred by Section 4(a) of the Bilateral Netting of Qualified Financial Contracts Act, 2020 hereby notifies Bilateral Netting of Qualified Financial Contracts – Amendments to Prudential Guidelines.
Change Type	Notification
State	Central
Effective Date	31-March-2022
Source	https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12262&Mode=0

SEBI issues Circular for Discontinuation of usage of pool accounts for transactions in the units of Mutual Funds, Two Factor Authentication (‘2FA’) for redemption and other related requirements: Extension of timeline

Brief Details	The Securities and Exchange Board of India, in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with the provisions of Regulation 77 of SEBI (Mutual Funds) Regulations, 1996 issues Circular for Discontinuation of usage of pool accounts for transactions in the units of Mutual Funds, Two Factor Authentication (‘2FA’) for redemption and other related requirements: Extension of timeline. [SEBI/HO/IMD/IMD-I DOF5/P/CIR/2022/41]
Change Type	Circular
State	Central
Effective Date	31-March-2022
Source	https://bit.ly/3NQlRY3

BSE notifies Processing of waiver applications by the Exchanges in case of commonly listed entities

Brief Details	The Bombay Stock Exchange notifies Processing of waiver applications by the Exchanges in case of commonly listed entities. [Notice no. 20220331-52]
Change Type	Notification
State	Central
Effective Date	01-April-2022
Source	https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220331-52

NSE issues Circular for Extension for updation of mandatory fields for existing clients upto to 30^th June, 2022

Brief Details	The National Stock Exchange of India, hereby extend the timeline for updation of 6 KYC attributes Name, Complete address (including PIN code No. in case of address of India), PAN, valid Mobile number, Valid email-id, Income details/range along with additional information pertaining to custodian settled clients for existing clients to 30^th June, 2022. [NSE/ISC/51850]
Change Type	Circular
State	Central
Effective Date	30-June-2022
Source	https://archives.nseindia.com/content/circulars/ISC51850.pdf

NSE issues Circular for Settlement of Running Account of Client’s Funds lying with Trading Member (TM)

Brief Details	The National Stock Exchange of India, hereby issues Circular for Settlement of Running Account of Client’s Funds lying with Trading Member (TM). It is reiterated that members are not permitted to undertake any business/activity that is not allowed under the Byelaws, Rules & Regulations and circulars of SEBI/Exchanges including operating any schemes of unauthorised collective investments/portfolio management, promising indicative/ guaranteed/fixed returns/payments etc. [NSE/INSP/51830]
Change Type	Circular
State	Central
Effective Date	31-March-2022
Source	https://archives.nseindia.com/content/circulars/INSP51830.pdf

NSE issues Circular for Revision in transaction charges structure for equity market segment

Brief Details	The National Stock Exchange of India, hereby issues Circular for Revision in transaction charges structure for equity market segment. The mentioned transaction charges structure will be applicable for a period of six months from 1^st April, 2022 to 30^th September, 2022. [NSE/FA/51855]
Change Type	Circular
State	Central
Effective Date	31-March-2022
Source	https://archives.nseindia.com/content/circulars/FA51855.pdf

NSE issues Circular for Transaction charges for Tri Party Repo Market Platform

Brief Details	The National Stock Exchange of India, hereby issues Circular for Transaction charges for Tri Party Repo Market Platform. The Exchange vide its Circular No. NSE/FA/49793 had decided that no transaction charges will be levied on the transactions done in Tri-party Repo Market (TRM) platform in Debt Segment of the Exchange till March 31, 2022. It has been decided to extend the same from April 01, 2022 to September 30, 2022. [NSE/FA/51853]
Change Type	Circular
State	Central
Effective Date	31-March-2022
Source	https://archives.nseindia.com/content/circulars/FA51853.pdf

MSEI issues Circular for Extension for updation of mandatory fields for existing members upto to 30th June, 2022

Brief Details	The Metropolitan Stock Exchange issues Circular for Extension for updation of mandatory fields for KYC existing clients upto to 30th June, 2022. [MSE/ID/11658/2022]
Change Type	Circular
State	Central
Effective Date	30-June-2022
Source	https://www.msei.in/SX-Content/Circulars/2022/April/Circular-11658.pdf

CDSL notifies mandatory updation for certain attributes pertaining to KYC of clients

Brief Details	The Central Depository Services (India) Limited notifies timeline for updating all 6 KYC attributes for the existing clients i.e. Name, Complete address, PAN, valid Mobile number, valid email-id, Income range of the existing clients has been extended by three months i.e. till June 30, 2022. [CDSL/OPS/DP/POLCY/2022/180]
Change Type	Circular
State	Central
Effective Date	30-June-2022
Source	https://www.ricago.com/wp-content/uploads/2022/04/Attachment-16.pdf

CDSL notifies Aadhaar seeding (Linkage of Aadhaar with PAN)

Brief Details	The Central Depository Services (India) Limited extends the timeline for Aadhaar seeding (Linkage of Aadhaar with PAN) to 1^st April, 2023 based on Central Board of Direct Taxes (CBDT) Circular No. 7 of 2022 dated 30^th March, 2022 regarding Clarification with respect to relaxation of provisions of rule 114AAA of Income-tax Rules, 1962 prescribing the manner of making Permanent Account Number (PAN) inoperative. [CDSL/OPS/DP/POLCY/2022/178]
Change Type	Notification
State	Central
Effective Date	01-April-2023
Source	https://www.ricago.com/wp-content/uploads/2022/04/Attachment-17.pdf

IRDAI issues Circular for Extension of facilitation dispensing with physical signatures on the proposal forms

Brief Details	The Insurance Regulatory And Development Authority of India extend the facilitation dispensing with physical signature on proposal forms and permitting OTP based validation, up to 30^th September, 2022. It is to be noted that the facilitation exempting insurers from issuance of policy documents in physical form, granted under proviso to Regulation 4 (iii) of IRDAI (Issuance of e-insurance policies) Regulations, 2016, is no longer extended.
Change Type	Circular
State	Central
Effective Date	31-March-2022
Source	https://www.irdai.gov.in/ADMINCMS/cms/whatsNew_Layout.aspx?page=PageNo4667&flag=1

IRDAI issues Circular for (a) Issuance of Electronic Policies and (b) Dispensing with physical documents and wet signature on the proposal form

Brief Details	The Insurance Regulatory And Development Authority of India extend the dispensation allowed for proposal in physical form and wet signature on the proposal form have been further extended upto the period 30^th September 2022. However, the exemption granted to insurers in respect of issuing of policy document in the physical form stands withdrawn. Hence, the physical form of policy document shall also be issued in addition to electronic policies.
Change Type	Circular
State	Central
Effective Date	31-March-2022
Source	https://www.irdai.gov.in/ADMINCMS/cms/whatsNew_Layout.aspx?page=PageNo4668&flag=1

NSDL issues Circular for mandatory updation for certain attributes of KYC of clients

Brief Details	The National Securities Depository Limited issues Circular for mandatory updation of certain attributes of KYC of clients. Participants are advised to take all possible measures so that the demat accounts are compliant before the extended timeline of 30^th June, 2022 and no disruption is caused in the market due to non updation of 6 KYC attributes. [NSDL/POLICY/2022/048]
Change Type	Circular
State	Central
Effective Date	30-June-2022
Source	https://bit.ly/3K1cZMP

NSDL issues Circular for Linking of PAN with Aadhaar

Brief Details	The National Securities Depository Limited issues Circular for Linking of PAN with Aadhaar based on Central Board of Direct Taxes (CBDT) Circular No. 7 of 2022 dated 30th March, 2022 regarding Clarification with respect to relaxation of provisions of rule 114AAA of Income-tax Rules, 1962 prescribing the manner of making Permanent Account Number (PAN) inoperative. [NSDL/POLICY/2022/046]
Change Type	Circular
State	Central
Effective Date	01-April-2023
Source	https://nsdl.co.in/downloadables/pdf/2022-046-Policy-Linking%20of%20PAN%20with%20Aadhaar.pdf

FSSAI notifies SOP for Mandatory Modification of old methodology License (initially granted from FLRS portal) or migration of State License for Manufacturing of Nutraceuticals and related products wef 1^st April, 2022

Brief Details	The Food Safety and Standards Authority of India notifies SOP for Mandatory Modification of old methodology License (initially granted from FLRS portal) or migration of State License for Manufacturing of Nutraceuticals and related products wef 1st April, 2022.
Change Type	Notification
State	Central
Effective Date	31-March-2022
Source	https://www.fssai.gov.in/upload/advisories/2022/03/624561f927c4aSOP_License_Nutra_31_03_2022.pdf

TRAI notifies Telecom Tariff (67th Amendment) Order, 2022

Brief Details	The Telecom Regulatory Authority of India notifies Telecom Tariff (67th Amendment) Order, 2022. [(Press Release No. 18/2022)]
Change Type	Press Release
State	Central
Effective Date	31-March-2022
Source	https://www.trai.gov.in/sites/default/files/PR_No.18of2022.pdf