Daily Updates January-2022

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SEBI notifies Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (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, hereby makes the regulations to further amend the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Change Type	Notification
State	Central
Effective Date	24-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232842.pdf

SEBI notifies Securities and Exchange Board of India (Alternative Investment Funds) (Amendment) Regulations, 2022

Brief Details	The Securities and Exchange Board of India, in exercise of the powers conferred by sub-section (1) of Section 30 read with sub-section (1) of Section 11, clause (ba) and clause (c) of sub-section (2) of Section 11 and sub-section (1) and (1B) of Section 12 of the Securities and Exchange Board of India Act, 1992, hereby makes the regulations to further amend the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012.
Change Type	Notification
State	Central
Effective Date	24-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232844.pdf

SEBI notifies Securities and Exchange Board of India (Credit Rating Agencies) (Amendment) Regulations, 2022

Brief Details	The Securities and Exchange Board of India, in exercise of the powers conferred by section 30 read with section 11 of the Securities and Exchange Board of India Act, 1992, hereby makes the regulations to further amend the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999.
Change Type	Notification
State	Central
Effective Date	24-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232846.pdf

NSE issues Circular for Penalty Structure related to Internal Audit of Trading Members

Brief Details	The National Stock Exchange of India Limited, issues Circular for Penalty Structure related to Internal Audit of Trading Members. It is to be noted that the revised penalty structure for non-compliances observed in the internal audit reports shall be applicable in respect of the submissions made to the Exchange for the half-year ended March 31, 2022 and onwards.
Change Type	Circular
State	Central
Effective Date	24-January-2022
Source	https://archives.nseindia.com/content/circulars/INSP51110.pdf

TRAI notifies all DPOs to ensure compliance with the provisions of the Telecommunication (B&CS) Interconnection (Addressable Systems) Regulations, 2017

Brief Details	The Telecom Regulatory Authority of India, all Distribution Platform Operators (DPOs) under section 13, read with clause (b) of sub-section (1) of section 11, of the Telecom Regulatory Authority of India Act, 1997, to ensure compliance with the provisions of the Telecommunication (Broadcasting and Cable) Services Interconnection (Addressable Systems) Regulations, 2017 regarding listing of channels in electronic programme guide.
Change Type	Notification
State	Central
Effective Date	24-January-2022
Source	https://www.trai.gov.in/sites/default/files/Direction_24012022.pdf

Ministry of Health and Family Welfare notifies The Assisted Reproductive Technology Regulation Act 2021

Brief Details	The Ministry of Health and Family Welfare, in exercise of the powers conferred by sub-section (2) of section 1 of The Assisted Reproductive Technology (Regulation) Act , 2021, hereby appoints the 25th day of January, 2022 as the date on which the provisions of the said Act shall come into force.
Change Type	Notification
State	Central
Effective Date	25-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232818.pdf

Ministry of Health and Family Welfare notifies The Surrogacy Regulation Act 2021

Brief Details	The Ministry of Health and Family Welfare, in exercise of the powers conferred by sub-section (2) of section 1 of The Surrogacy (Regulation) Act , 2021, hereby appoints the 25th day of January, 2022 as the date on which the provisions of the said Act shall come into force.
Change Type	Notification
State	Central
Effective Date	25-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232820.pdf

Ministry of Health and Family Welfare notifies New Drugs and Clinical Trials (Amendment) Rules, 2022

Brief Details	The Ministry of Health and Family Welfare, in exercise of the powers conferred by sub-section (1) of section 12 and sub-section (1) of section 33 of the Drugs and Cosmetics Act, 1940, hereby makes the rules further to amend the New Drugs and Clinical Trials Rules, 2019.
Change Type	Notification
State	Central
Effective Date	21-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232821.pdf

NSDL issues Circular for Extension of time for submission of networth certificate and/or audited financial statements

Brief Details	The National Securities Depository Limited issues Circular for Extension of time for submission of networth certificate and/or audited financial statements. It is to be noted that last date for submission is extended from 15^th January 2022 to 15^th February 2022.
Change Type	Circular
State	Central
Effective Date	21-January-2022
Source	https://bit.ly/3rQuHuG

FSSAI notifies Food Safety and Standards (Packaging) Amendment Regulations, 2022

Brief Details	The Food Safety and Standards Authority of India notifies Authorization mechanism for recycled plastics manufacturers as per the Draft Food Safety and Standards (Packaging) Amendment Regulations, 2022 permitting the use of recycled plastics as food contact materials.
Change Type	Notification
State	Central
Effective Date	22-January-2022
Source	https://www.fssai.gov.in/upload/advisories/2022/01/61eb9b40949b5Mechanism_Recycled_Plastics_22_01_2022.pdf

Ministry of Communications notifies amendment in MNP License Agreement for change in FDI in Telecom sector.

Brief Details	The Ministry of Communications notifies amendment in MNP License Agreement for change in FDI in Telecom sector. The amendment includes changes under Part II, Commercial Conditions.
Change Type	Notification
State	Central
Effective Date	19-January-2022
Source	https://dot.gov.in/sites/default/files/MNP%20change%20in%20FDI%2019012022.pdf?download=1

Government of Karnataka notifies Covid additional containment measures upto 31^st Jan 2022.

Brief Details	The Government of Karnataka, in exercise of the powers conferred under the Section 24 (l) of the Disaster Management Act, 2005, hereby issues Covid additional containment measures upto 31^st Jan 2022. These measures include relaxation of weekend curfew.
Change Type	Notification
State	Karnataka
Effective Date	21-January-2022
Source	https://ksdma.karnataka.gov.in/storage/pdf-files/Restriction%20order21-1.pdf

FSSAI notifies Food Safety and Standards (Food Products Standards and Food Additives) Sixth Amendment Regulations, 2021

Brief Details	The Food Safety and Standards Authority of India, notifies Food Safety and Standards (Food Products Standards and Food Additives) Sixth Amendment Regulations, 2021. The amendment includes changes in lines 22, 23 and 24 of Page 7 and in line 9 of Page 9.
Change Type	Notification
State	Central
Effective Date	19-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232773.pdf

Ministry of Health and Family Welfare notifies Drugs (2nd Amendment) Rules, 2022

Brief Details	The Ministry of Health and Family Welfare, in exercise of the powers conferred by sections 12 and 33 of the Drugs and Cosmetics Act, 1940, hereby makes the following rules further to amend the Drugs Rules, 1945.
Change Type	Notification
State	Central
Effective Date	20-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232790.pdf

BIS notifies amendment in Indian Standards IS 1856 : 2021 ; IS 9282 : 2021 ; IS 10086 : 2021; IS 12586 : 2021

Brief Details	Bureau of Indian Standards, in pursuance of Sub-rule (1) of Rule (15) of the Bureau of Indian Standards Rules, 2018, hereby notifies amendment in Indian standards IS 1856 : 2021 ; IS 9282 : 2021 ; IS 10086 : 2021; IS 12586 : 2021.
Change Type	Notification
State	Central
Effective Date	19-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232783.pdf

CKYCRR notifies exemption of upload of KYC records of Self-Help Groups (SHGs) and Joint Liability Groups (JLGs) to CKYCRR

Brief Details	The Central KYC Records Registry notifies exemption of upload of KYC records of Self-Help Groups (SHGs) and Joint Liability Groups (JLGs) to CKYCRR. This indicates that all entities registered with CERSAI (CKYCRR) are hereby intimated that Government of India has exempted reporting entities registered with Centralized KYC Records Registry (CKYCRR) from uploading Self Help Groups (SHGs) and Joint Liability Groups (JLGs) related KYC records to CKYC Records Registry.
Change Type	Notification
State	Central
Effective Date	20-January-2022
Source	https://www.ckycindia.in/ckyc/assets/doc/Communique_Upload%20of%20KYC%20Records%20of%20SHGs%20and%20JLGs%20to%20CKYCRR%20.pdf

CBDT notifies e-advance rulings Scheme, 2022

Brief Details	The Central Board of Direct taxes, in exercise of the powers conferred by sub-sections (9) and (10) of section 245R and subsections (2) and (3) of section 245W of the Income-tax Act, 1961, hereby notifies e-advance rulings Scheme, 2022.
Change Type	Notification
State	Central
Effective Date	19-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232727.pdf

Ministry of Micro, Small And Medium Enterprises notifies amendment in the notification of the Government of India

Brief Details	The Ministry of Micro, Small And Medium Enterprises notifies amendment in the notification of the Government of India in exercise of the powers conferred by sub-sections (1) and (9) of section 7 read with subsections (2) and (3) of section 8 of the Micro, Small and Medium Enterprises Development Act, 2006, hereby notifies amendment in paragraph (7), in sub-paragraph (3).The amendment includes substitution for the figures and words, “31st day of March, 2021” with the figures and words, “ 31st day of March, 2022”.
Change Type	Notification
State	Central
Effective Date	19-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232763.pdf

Ministry of Micro, Small And Medium Enterprises notifies Micro, Small and Medium Enterprises (Amendment) Rules, 2022

Brief Details	The Ministry of Micro, Small And Medium Enterprises, in exercise of the powers conferred by clauses (c) and (d) of sub-section (2) of section 29 of the Micro, Small and Medium Enterprises Development Act, 2006, hereby makes the rules to amend the Micro, Small and Medium Enterprises Fund Rules, 2016.
Change Type	Notification
State	Central
Effective Date	19-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232764.pdf

Government of The National Capital Territory of Delhi notifies Delhi Goods and Services Tax (Eighth Amendment) Rules, 2021

Brief Details	The Government of the National Capital Territory of Delhi, in exercise of the powers conferred by section 164 of the Delhi Goods and Services Tax Act, 2017, hereby makes the rules further to amend the Delhi Goods and Services Tax Rules, 2017.
Change Type	Notification
State	Central
Effective Date	17-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232766.pdf

Department of Health and Family Welfare notifies Drugs (Amendment) Rules, 2022

Brief Details	The Department of Health and Family Welfare, in exercise of the powers conferred under sections 12 and 33 of the Drugs and Cosmetics Act, 1940, hereby makes the rules further to amend the Drugs Rules, 1945.
Change Type	Notification
State	Central
Effective Date	01-January-2023
Source	https://egazette.nic.in/WriteReadData/2022/232768.pdf

Department of Health and Family Welfare notifies Medical Devices (Amendment) Rules, 2022

Brief Details	The Department of Health and Family Welfare, in exercise of the powers conferred by sections 12 and 33 of the Drugs and Cosmetics Act, 1940, hereby makes the rules further to amend the Medical Devices Rules, 2017.
Change Type	Notification
State	Central
Effective Date	19-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232729.pdf

Department of Health and Family Welfare notifies New Drugs and Clinical Trials (2nd Amendment) Rules, 2022

Brief Details	The Department of Health and Family Welfare, in exercise of the powers conferred by section 12 and section 33 of the Drugs and Cosmetics Act, 1940, hereby makes the rules further to amend the New Drugs and Clinical Trials Rules, 2019.
Change Type	Notification
State	Central
Effective Date	19-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232732.pdf

CBDT issues Circular for Guidelines under clause (10D) section 10 of the Income-tax Act, 1961

Brief Details	The Central Board of Direct Taxes, issues circular for Guidelines under clause (10D) section 10 of the Income-tax Act, 1961. The guidelines includes insertion of provisos from fourth to seventh in the said Act.
Change Type	Circular
State	Central
Effective Date	19-January-2022
Source	https://incometaxindia.gov.in/news/circular-2-2022.pdf

FSSAI notifies Food Safety and Standards (Packaging) Amendment Regulations, 2022

Brief Details	The Food Safety and Standards Authority of India notifies operationalization of Draft Food Safety and Standards (Packaging) Amendment Regulations, 2022 regarding use of recycled plastics based on the Plastic Waste Management (Amendment) Rules, 2021.
Change Type	Notification
State	Central
Effective Date	18-January-2022
Source	https://www.fssai.gov.in/upload/advisories/2022/01/61e7acd01a850Direction_Recycled_Plastics_19_01_2022.pdf

Government of Karnataka notifies strict enforcement of the containment measures

Brief Details	The Government of Karnataka, in exercise of the powers conferred under the Section 24 (e) and (l) of the Disaster Management Act, 2005, hereby notifies to strictly implement the containment measures and also enforce COVID 19 appropriate behaviour to contain the spread of COVID 19 in the State.
Change Type	Notification
State	Karnataka
Effective Date	18-January-2022
Source	https://ksdma.karnataka.gov.in/storage/pdf-files/Enforcement%20of%20containment%20Measures%20.pdf

CKYCRR notifies Exemption from PML Rules for FPI related upload to CKYCRR

Brief Details	The Central KYC Records Registry notifies exemption from Prevention of Money Laundering Rules for FPI related upload to CKYCRR. This indicates that the provisions of sub-rule (1A) of rule 9 of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005 shall not apply to the Foreign Portfolio Investor.
Change Type	Notification
State	Central
Effective Date	19-January-2022
Source	https://www.ckycindia.in/ckyc/assets/doc/Communique%202022-01%20-%20Exemption%20from%20PML%20rules%20for%20FPI%20accounts.pdf

Ministry of Home Affairs makes Orders for the Union Territory of Dadra and Nagar Haveli and Daman and Diu (Adaptation of Central Law, State Laws and Presidential Regulations) Order, 2022

Brief Details	The Ministry of Home Affairs, in exercise of the powers conferred by section 19 of the Dadra and Nagar Haveli and Daman and Diu (Merger of Union territories) Act, 2019, hereby makes the Order in respect of the Union Territory of Dadra and Nagar Haveli and Daman and Diu (Adaptation of Central Law, State Laws and Presidential Regulations) Order, 2022.
Change Type	Order
State	Central
Effective Date	18-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232711.pdf

Ministry of Home Affairs makes Orders for the Dadra and Nagar Haveli and Daman and Diu (Adaptation of State Law and Presidential Regulations) Sixth Order, 2022

Brief Details	The Ministry of Home Affairs, in exercise of the powers conferred by section 19 of the Dadra and Nagar Haveli and Daman and Diu (Merger of Union territories) Act, 2019, hereby makes the Order in respect of the Union Territory of Dadra and Nagar Haveli and Daman and Diu (Adaptation of State Law and Presidential Regulations) Sixth Order, 2022.
Change Type	Order
State	Central
Effective Date	18-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232712.pdf

Ministry of Home Affairs makes Orders for the Union Territory of Dadra and Nagar Haveli and Daman and Diu (Adaptation of State Laws and Presidential Regulations) Fifth Order, 2022

Brief Details	The Ministry of Home Affairs, in exercise of the powers conferred by section 19 of the Dadra and Nagar Haveli and Daman and Diu (Merger of Union territories) Act, 2019, hereby makes the Order in respect of the Union Territory of Dadra and Nagar Haveli and Daman and Diu (Adaptation of State Laws and Presidential Regulations) Fifth Order,2022.
Change Type	Order
State	Central
Effective Date	18-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232713.pdf

CBDT notifies Securities Transaction Tax (1st Amendment), Rules, 2022

Brief Details	The Central Board of Direct Taxes, in exercise of the powers conferred section 114 of the Finance (No. 2) Act, 2004, hereby makes the rules to amend the Securities Transaction Tax Rules, 2004.
Change Type	Notification
State	Central
Effective Date	18-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232716.pdf

CBDT notifies Income tax (2nd Amendment), Rules, 2022

Brief Details	The Central Board of Direct Taxes, in exercise of the powers conferred by sub-section (1B) of section 45, read with section 295 of the Income-tax Act, 1961, hereby makes the rules further to amend the Income-tax Rules,1962.
Change Type	Notification
State	Central
Effective Date	18-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232717.pdf

Ministry of Home Affairs makes Orders for the Dadra and Nagar Haveli and Daman and Diu (Adaptation of State Law) Third Order, 2022

Brief Details	The Ministry of Home Affairs, in exercise of the powers conferred by section 19 of the Dadra and Nagar Haveli and Daman and Diu (Merger of Union territories) Act, 2019, hereby makes the Order in respect of the Union territory of Dadra and Nagar Haveli and Daman and Diu (Adaptation of State Law) Third Order,2022.
Change Type	Notification
State	Central
Effective Date	18-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232723.pdf

Ministry of Home Affairs makes Orders for the Dadra and Nagar Haveli and Daman and Diu (Adaptation of State Laws) Second Order, 2022

Brief Details	The Ministry of Home Affairs, in exercise of the powers conferred by section 19 of the Dadra and Nagar Haveli and Daman and Diu (Merger of Union territories) Act, 2019, hereby makes the Order in respect of the Union Territory of Dadra and Nagar Haveli and Daman and Diu (Adaptation of State Laws) Second Order,2022.
Change Type	Notification
State	Central
Effective Date	18-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232725.pdf

Ministry of Home Affairs makes Orders for the Dadra and Nagar Haveli and Daman and Diu (Adaptation of Central Laws and State Laws) Fourth Order, 2022

Brief Details	The Ministry of Home Affairs, in exercise of the powers conferred by section 19 of the Dadra and Nagar Haveli and Daman and Diu (Merger of Union territories) Act, 2019, hereby makes the Order in respect of the Union Territory of Dadra and Nagar Haveli and Daman and Diu (Adaptation of Central Laws) Fourth Order,2022.
Change Type	Notification
State	Central
Effective Date	18-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232726.pdf

NSE issues Circular for monitoring of clients’ funds lying with the stock brokers

Brief Details	The National Stock Exchange of India Limited, issues circular on Enhanced Supervision for monitoring of clients’ funds lying with the stock brokers.
Change Type	Circular
State	Central
Effective Date	18-January-2022
Source	https://archives.nseindia.com/content/circulars/INSP51056.pdf

SEBI issues press release for Empowering Investors through Investor Charter

Brief Details	The Securities and Exchange Board of India, issues press release for Empowering Investors through Investor Charter.
Change Type	Press Release
State	Central
Effective Date	17-January-2022
Source	https://www.sebi.gov.in/media/press-releases/jan-2022/empowering-investors-through-investor-charters_55353.html

NSDL issues Circular for Amendment to Business Rules

Brief Details	The National Securities Depository Limited, hereby inform Participants that amendments have been made in Business Rules 23 of NSDL with respect to transfer of depository business.
Change Type	Circular
State	Central
Effective Date	17-January-2022
Source	https://nsdl.co.in/downloadables/pdf/2022-010-Policy-Amendment%20to%20Business%20Rules%20of%20NSDL.pdf

IRDAI notifies Obligatory Cession for the financial year 2022-23

Brief Details	The Insurance Regulatory And Development Authority of India, in exercise of the powers conferred by sub-section (2) and (4) of the Section 101A of the Insurance Act, 1938 hereby makes the notification Obligatory Cession for the financial year 2022-23.
Change Type	Notification
State	Central
Effective Date	10-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232672.pdf

RBI notifies Registration of Factors (Reserve Bank) Regulations, 2022

Brief Details	The Reserve Bank of India, in exercise of the powers conferred by section 3 read with Section 31A of the Factoring Regulation Act, 2011, hereby makes regulations pertaining to the manner of granting Certificate of Registration to companies which propose to do factoring business.
Change Type	Notification
State	Central
Effective Date	14-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232690.pdf

RBI notifies Registration of Assignment of Receivables (Reserve Bank) Regulations, 2022

Brief Details	The Reserve Bank of India, in exercise of the powers conferred by section 19 (1A) read with Section 31A of the Factoring Regulation Act, 2011 hereby makes regulations pertaining to the manner of filing of particulars of transactions with the Central Registry by a Trade Receivable Discounting System (TReDS) on behalf of Factors.
Change Type	Notification
State	Central
Effective Date	14-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232698.pdf

MCXCCL issues Circular to Review of Margin Period of Risk (MPOR)

Brief Details	The Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) notifies for the computation of Initial margin by Margin Period of Risk(MPOR).
Change Type	Circular
State	Central
Effective Date	17-January-2022
Source	https://www.mcxindia.com/docs/default-source/circulars/english/2022/january/circular-028-2022.pdf?sfvrsn=b37c3f91_0

IRDAI issues Circular for clarification on guidelines on Standard Professional Indemnity Policy

Brief Details	The Insurance Regulatory And Development Authority of India, issues circular for clarification on guidelines on Standard Professional Indemnity Policy. The amendment includes clarification that the term ‘Capital Employed’ refers to the Paid-up capital of the entity.
Change Type	Circular
State	Central
Effective Date	17-January-2022
Source	https://www.irdai.gov.in/ADMINCMS/cms/whatsNew_Layout.aspx?page=PageNo4633&flag=1

CBDT notifies Income tax (1st Amendment), Rules, 2022

Brief Details	The Central Board of Direct taxes, in exercise of the powers conferred by clause (4D) of section 10 and sub-section (1B) of section 115AD, read with section 295 of the Income-tax Act, 1961, hereby makes the rules further to amend the Income-tax Rules,1962.
Change Type	Notification
State	Central
Effective Date	01-April-2022
Source	https://www.incometaxindia.gov.in/communications/notification/notification-06-2022.pdf

NSE issues guidelines to Clearing Members for effective oversight over trading members cleared by Clearing Members

Brief Details	The National Stock Exchange, in continuation of NCL circular NCL/CMPL/49287 dated 13 August 2021 on Strengthening oversight on Clearing Members, hereby issues guidelines to Clearing Members for effective oversight over trading members cleared by Clearing Members.
Change Type	Circular
State	Central
Effective Date	14-January-2022
Source	https://www.ricago.com/wp-content/uploads/2022/01/Attachment-2-5-1.pdf

BSE issues notice on updation of mandatory KYC fields by 31 March, 2022

Brief Details	The Bombay Stock Exchange, with reference to Notice No. 20211231-45 dated 31 December, 2021 hereby issues notice on updation of mandatory KYC fields by 31 March,2022.
Change Type	Notice
State	Central
Effective Date	14-January-2022
Source	https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220114-8

SEBI notifies Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (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 of Capital and Disclosure Requirements), Regulations, 2018.
Change Type	Notification
State	Central
Effective Date	14-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232654.pdf

SEBI notifies the Securities and Exchange Board of India (Settlement Proceedings) (Amendment) Regulations, 2022

Brief Details	The Securities and Exchange Board of India, in exercise of the powers conferred under section 15JB of the Securities and Exchange Board of India Act, 1992, hereby makes the regulations to further amend the Securities and Exchange Board of India (Settlement Proceedings), Regulations, 2018.
Change Type	Notification
State	Central
Effective Date	14-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232643.pdf

SEBI notifies the Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2022

Brief Details	The Securities and Exchange Board of India, in exercise of the powers conferred by sub-section (1) of Section 30 read with sub section (1) of Section 11, clause (ba) of sub-section (2) of Section 11 and sub-sections (1) and (1A) of Section 12 of the Securities and Exchange Board of India Act, 1992, and under Section 25 of the Depositories Act, 1996, hereby notifies the Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2022.
Change Type	Notification
State	Central
Effective Date	14-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232644.pdf

CBDT notifies amendment in the notification of the Government of India

Brief Details	The Central Board of Direct Taxes, notifies amendment in the notification of the Government of India. The amendment includes changes in paragraph 3: – For “Assessment” read “Financial” .
Change Type	Notification
State	Central
Effective Date	14-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232645.pdf

DGFT issues Amendment in Para 2.54 (d)(v)(iv) of Handbook of Procedures, 2015-2020

Brief Details	The Directorate General of Foreign Trade, in exercise of powers conferred under Para 1.03 and 2.04 of the Foreign Trade Policy, 2015-2020, hereby amends Para No. 2.54 (d)(v)(iv)of the Handbook of Procedures (2015-2020).
Change Type	Notification
State	Central
Effective Date	14-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232647.pdf

CBIC notifies amendment in Customs Act, 1962

Brief Details	The Central Board of Indirect Taxes and Customs, in exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962, hereby makes amendments in the notification of the Government of India in the Ministry of Finance.
Change Type	Notification
State	Central
Effective Date	14-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232648.pdf

Government of Karnataka extends due date for Labour Welfare Fund payment

Brief Details	The Government of Karnataka, hereby extends the due date for Karnataka Labour Welfare Fund payment from 15th January 2022 to 31st January 2022 due to increasing COVID and Omicron viruses.
Change Type	Press Note
State	Karnataka
Effective Date	14-January-2022
Source	https://klwb.karnataka.gov.in/storage/pdf-files/english%20contribution%20extended%2031-01-2022.pdf

Government of Kerala issues The Kerala Minimum Wages Notification

Brief Details	The Government of kerala, has revised the variable dearness allowance for employment in Shops and Commercial Establishment and employment in Computer Software Sector. As per the Notification No.DES/859/2022-P3(1) , the Consumer Price Index (Cost of Living Index) Numbers applicable to employees in employment under the Minimum Wages Act for the month of November 2021 ascertained by the Director General of Economics & Statistics under clause (C) of Section 2 of the Act.
Change Type	Notification
State	Kerala
Effective Date	12-January-2022
Source	https://www.ricago.com/wp-content/uploads/2022/01/Attachment-1-5.pdf

DGFT notifies Inclusion of Paragraph 2.79G in the Handbook of Procedures of the Foreign Trade Policy (FTP) 2015-20

Brief Details	The Directorate General of Foreign Trade, in exercise of the powers conferred under Paragraph 1.03 of the Foreign Trade Policy (FTP) 2015-20, hereby makes amendment to Handbook of Procedures (HBP) of FTP 2015-20 for inclusion of new entry at Paragraph 2.79G with immediate effect.
Change Type	Notification
State	Central
Effective Date	13-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232621.pdf

MCX notifies Revision in Client Margin and Peak Margin reporting requirements

Brief Details	The Multi Commodity Exchange, in terms of provisions of the Rules, Bye-Laws and Regulations of Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) and in continuation to its Circular no. MCXCCL/C&S/316/2021 dated 17^th December 2021, hereby issues Circular for Revision in Client Margin and Peak Margin reporting requirements.
Change Type	Circular
State	Central
Effective Date	13-January-2022
Source	https://www.mcxindia.com/docs/default-source/circulars/english/2022/january/circular—024-2022.pdf?sfvrsn=a7273e91_0

MCA notifies Companies (Registration Offices and Fees) Amendment Rules, 2022

Brief Details	The Ministry of Corporate Affairs, in exercise of the powers conferred by sections 396, 398, 399, 403 and 404 read with subsections (1) and (2) of section 469 of the Companies Act, 2013, hereby makes the rules further to amend the Companies (Registration Offices and Fees) Rules, 2014.
Change Type	Notification
State	Central
Effective Date	12-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232589.pdf

MCA appoints the 1st July, 2022, as the date on which the provisions of section 56 of Companies (Amendment) Act, 2020 shall come into force

Brief Details	The Ministry of Corporate Affairs, in exercise of the powers conferred by sub-section (2) of section 1 of the Companies (Amendment) Act, 2020 hereby appoints the 1st July, 2022, as the date on which the provisions of section 56 of the said Act shall come into force.
Change Type	Notification
State	Central
Effective Date	01-July-2022
Source	https://egazette.nic.in/WriteReadData/2022/232592.pdf

Government of Haryana notifies State Employment of Local Candidates Rules, 2021

Brief Details	The Government of Haryana, has introduced The Haryana State Employment of Local Candidates Rules, 2021. Therefore, rule will come into force with effect from the date of coming into force of the Haryana State Employment of Local Candidates Act, 2020 which specified the date as on 15th day January 2022.
Change Type	Notification
State	Haryana
Effective Date	15-January-2022
Source	https://www.ricago.com/wp-content/uploads/2022/01/Attachment-3-6-1.pdf

CBDT notifies Extension of timelines for filing of Income-tax returns and various reports of audit for the Assessment Year 2021-22

Brief Details	The Central Board of Direct Taxes, in exercise of its powers under Section 119 of the Income-tax Act,1961, hereby extends timelines for filing of Income-tax returns and various reports of audit for the Assessment Year 2021-22.
Change Type	Notification
State	Central
Effective Date	11-January-2022
Source	https://www.incometaxindia.gov.in/communications/circular/circular-no-1-2022.pdf

Government of Karnataka extends Covid Guidelines upto 31^st January 2022

Brief Details	The Government of Karnataka, in exercise of the powers conferred under the Section 24 (l) of the Disaster Management Act, 2005, hereby directs that the containment measures issued vide orders of even number dated 03-12-2021, 26-12-2021, 04-01-2022 and its connecting orders, along with additional containment measures, will remain in force upto 5 am of 31^st January 2022 for strict implementation by Chief Commissioner BBMP, Police Commissioners, Deputy Commissioners, Superintendents of Police, and other Heads of Departments and Authorities.
Change Type	Notification
State	Karnataka
Effective Date	11-January-2022
Source	https://ksdma.karnataka.gov.in/storage/pdf-files/Addl%20Containment%20measures%2011-01-2021%20(1).pdf

CBDT issues Corrigendum to Faceless Appeal Scheme 2021

Brief Details	The Central Board of Direct Taxes, issues Corrigendum to Faceless Appeal Scheme 2021.
Change Type	Notification
State	Central
Effective Date	07-January-2022
Source	https://www.incometaxindia.gov.in/communications/notification/notification-2-2022.pdf

Karnataka Government notifies Guidelines of working of employees

Brief Details	The Government of Karnataka, in continuation with the Government Order No. RD 158 TNR 2020, dated:04-01-2022 and in exercise of the powers conferred under Section 24 (l) of the Disaster Management Act, 2005, hereby directs Labour Department and Health Department to take following action with immediate effect.
Change Type	Notification
State	Karnataka
Effective Date	05-January-2022
Source	https://ksdma.karnataka.gov.in/storage/pdf-files/CAB%20and%20Vaccination%20Industries%20English%20order%20RD%20158%20TNR%202020%20(3)%20dated%2005-01-2022.pdf

SEBI issues Circular regarding Disclosure obligations of high value debt listed entities 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, hereby issues Circular regarding Disclosure obligations of high value debt listed entities in relation to Related Party Transactions.
Change Type	Circular
State	Central
Effective Date	07-January-2022
Source	https://www.sebi.gov.in/legal/circulars/jan-2022/disclosure-obligations-of-high-value-debt-listed-entities-in-relation-to-related-party-transactions_55225.html

NSE issues Circular giving Clarification to the Rule 8(1)(f) and 8(3)(f) of Securities Contracts (Regulation) Rules, 1957

Brief Details	The National Stock Exchange of India, hereby issues Circular giving Clarification to the Rule 8(1)(f) and 8(3)(f) of Securities Contracts (Regulation) Rules, 1957.
Change Type	Notification
State	Central
Effective Date	07-January-2022
Source	https://archives.nseindia.com/content/circulars/COMP50957.pdf

MCX reminds Reporting for Artificial Intelligence (AI) and Machine Learning (ML) applications and systems offered and used by members of the Exchange

Brief Details	The Multi Commodity Exchange, hereby reminds Reporting for Artificial Intelligence (AI) and Machine Learning (ML) applications and systems offered and used by members of the Exchange. The portal will remain open for submission till 15^th January 2022.
Change Type	Notification
State	Central
Effective Date	07-January-2022
Source	https://bit.ly/3naOGCL

UGC notifies educational institutes to consider documents as a Valid Document published in DigiLocker

Brief Details	The University Grants Commission (UGC), hereby issued notification regarding Acceptance of Degree, Mark-sheet and other educational documents presented through the DigiLocker platform-reg.
Change Type	Notification
State	Central
Effective Date	03-January-2022
Source	https://www.ricago.com/wp-content/uploads/2022/01/Attachment-1-1.pdf

Government of The National Capital Territory of Delhi notifies Delhi Goods and Services Tax (Seventh Amendment) Rules, 2021

Brief Details	The Government of The National Capital Territory of Delhi, in exercise of the powers conferred by section 164 of the Delhi Goods and Services Tax Act, 2017, hereby makes the rules further to amend the Delhi Goods and Services Tax Rules, 2017.
Change Type	Notification
State	Delhi
Effective Date	06-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232482.pdf

SEBI Circulates Increasing Awareness regarding Online Mechanisms for Investor Grievance Redressal

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 Section 10 of the Securities Contracts (Regulation) Act, 1956 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market, hereby advise to display the options to lodge complaints on the home page of their websites and mobile apps.
Change Type	Circular
State	Central
Effective Date	05-January-2022
Source	https://www.sebi.gov.in/legal/circulars/jan-2022/increasing-awareness-regarding-online-mechanisms-for-investor-grievance-redressal_55192.html

RBI issues Master Circular regarding Bank Finance to Non-Banking Financial Companies (NBFCs)

Brief Details	The Reserve Bank of India, hereby informs that all Non-Banking Financial Companies including Housing Finance Companies have to be mandatorily registered with the Reserve Bank of India.
Change Type	Master Circular
State	Central
Effective Date	05-January-2022
Source	https://rbidocs.rbi.org.in/rdocs/notification/PDFs/MC149DFE979246176478A88C8E372C8BFBA0E.PDF

NSE issues Changes in the reporting format of data towards ‘Client Level Cash & Cash Equivalent Balances’

Brief Details	The National Stock Exchange, in view of the representations received from member associations by the Exchange, date of implementation of the revised format mentioned in the earlier issued circular has been extended and accordingly, revised format shall be applicable for the week ending on 12^th February 2022 and onwards, the due date of which will be 17^th February 2022 and for each week thereafter.
Change Type	Circular
State	Central
Effective Date	05-January-2022
Source	https://archives.nseindia.com/content/circulars/INSP50929.pdf

DGFT notifies Amendment in import policy conditions of gold under Chapter 71 of Schedule – I (Import Policy) of ITC (HS), 2017

Brief Details	The Directorate General of Foreign Trade, in exercise of powers conferred by Section 3 read with Section 5 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, hereby amends the import policy conditions for gold in any form, other than monetary gold and silver in any form under Chapter 71 of ITC (HS), 2017, Schedule – I (Import Policy).
Change Type	Notification
State	Central
Effective Date	05-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232439.pdf

DGFT notifies Amendment in Para 9.08 of Handbook of Procedures – 2015-20 – Inclusion of new agencies in Standing Grievance Committee

Brief Details	The Directorate General of Foreign Trade, in exercise of powers conferred under paragraph 2.04 of the Foreign Trade Policy 2015-2020, hereby makes amendment in Para 9.08 of Handbook of Procedures – 2015-20.
Change Type	Notification
State	Central
Effective Date	05-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232429.pdf

NSE issues Circular regarding Submission of data towards monitoring of client funds under Enhanced Supervision guidelines

Brief Details	The National Stock Exchange, informs members to take a note on Submission of data towards monitoring of client funds under Enhanced Supervision guidelines.
Change Type	Circular
State	Central
Effective Date	04-January-2022
Source	https://archives.nseindia.com/content/circulars/INSP50901.pdf

NSE issues Circular regarding Relaxation in timelines for compliance with regulatory requirements due to COVID 19

Brief Details	The National Stock Exchange, on account of the prevailing Covid-19 situation, and in consultation with SEBI and other Stock Exchanges, decides to extend the timeline for compliance with the regulatory requirement by the Trading Members. The timeline to operate the trading terminals from designated alternate locations, subject to the conditions specified in the Exchange circular NSE/INSP/43920 dated 20^th March 2020 was 31^st December 2021 which is now extended till 31^st March 2022.
Change Type	Circular
State	Central
Effective Date	04-January-2022
Source	https://archives.nseindia.com/content/circulars/INSP50900.pdf

Government of Karnataka issues Weekend Curfew Guidelines with effect from 5^th January 2022 to 19^th January 2022

Brief Details	The Government of Karnataka, in exercise of the powers conferred under the Section 24 (l) of the Disaster Management Act, 2005, hereby issues additional containment measures in addition to the restrictions already in force issued vide orders of even number dated 3^rd July 2021 and its connecting orders and orders of even number dated 3^rd December 2021 and 26^th December 2021 which will come in to force from 10 pm 5^th January 2022 and will remain in force force upto 19^th January 2022 (5 am) for strict implementation by Chief Commissioner BBMP, Police Commissioners, Deputy Commissioners, Superintendents of Police, and other Heads of Departments and Authorities.
Change Type	Notification
State	Karnataka
Effective Date	04-January-2022
Source	https://ksdma.karnataka.gov.in/storage/pdf-files/COVUD%20Order%204-1.pdf

Ministry of Finance notifies certain provisions of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005 shall not apply to the Foreign Portfolio Investor

Brief Details	The Ministry of Finance, in exercise of the powers conferred by sub-clause (i) of clause (h) of sub-rule (2) of rule 9A of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, hereby directs that the provisions of sub-rule (1A) of rule 9 of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005 shall not apply to the Foreign Portfolio Investor.
Change Type	Notification
State	Central
Effective Date	04-January-2022
Source	https://egazette.nic.in/WriteReadData/2022/232403.pdf

SEBI make changes in the Exercise Mechanism of option contracts on commodity futures

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, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market, hereby make changes in the Exercise Mechanism of option contracts on commodity futures.
Change Type	Circular
State	Central
Effective Date	03-January-2022
Source	https://www.sebi.gov.in/legal/circulars/jan-2022/options-on-commodity-futures-modification-in-exercise-mechanism_55164.html

SEBI issues Clarification w.r.t. timing of submission of NOCfrom the lending scheduled commercial banks/ financial institutions/ debenture trustee

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 and Regulations 11, 37 and 94 read with Regulation 101(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Rule 19(7) of Securities Contracts (Regulation) Rules, 1957 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market, hereby clarified that the NOC shall be submitted before the receipt of the No-objection letter from stock exchange in terms of Regulation 37(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Change Type	Circular
State	Central
Effective Date	03-January-2022
Source	https://www.sebi.gov.in/legal/circulars/jan-2022/schemes-of-arrangement-by-listed-entities-clarification-w-r-t-timing-of-submission-of-noc-from-the-lending-scheduled-commercial-banks-financial-institutions-debenture-trustee_55166.html

IRDAI notifies IRDAI (Surety Insurance Contracts) Guidelines, 2022

Brief Details	The Insurance Regulatory and Development Authority of India, in exercise of the powers conferred under section 14 (2) (i) of IRDA Act, 1999, hereby issues the IRDAI (Surety Insurance Contracts) guidelines.
Change Type	Notification
State	Central
Effective Date	01-April-2022
Source	https://www.irdai.gov.in/ADMINCMS/cms/whatsNew_Layout.aspx?page=PageNo4623&flag=1

MCA notifies Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund), Third Amendment, Rules, 2021

Brief Details	The Ministry of Corporate Affairs, in exercise of the powers conferred by sub-sections (1), (2), (3), (4), (8), (9), (10) and (11) of section 125, sub-section (6) of section 124 and section 236 read with section 469 of the Companies Act, 2013, hereby makes the rules, further to amend the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016.
Change Type	Circular
State	Central
Effective Date	28-December-2021
Source	https://www.mca.gov.in/bin/dms/getdocument?mds=69la%252BK5Pk45fsPDA286G8Q%253D%253D&type=open

NSE notifies Extension for updation of mandatory fields for existing clients up to 31^st March 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 31^st March 2022.
Change Type	Notification
State	Central
Effective Date	31-December-2021
Source	https://archives.nseindia.com/content/circulars/ISC50864.pdf

FSSAI notifies Food Safety and Standards (Food Products Standards and Food Additives) Sixth Amendment Regulations, 2021

Brief Details	The Food Safety and Standard Authority of India, in exercise of the powers conferred by clause (e) of sub-section (2) of section 92 read with section 16 of the said Act, hereby makes the regulations further to amend the Food Safety and Standards (Food Products Standards and Food Additives) Regulations, 2011.
Change Type	Notification
State	Central
Effective Date	27-December-2021
Source	https://www.fssai.gov.in/upload/notifications/2021/12/61ce91bf0f10eGazettte_Notification_Ghee_Milk_31_12_2021.pdf

Ministry of Commerce and Industry issues Notification for Extension of Last Date for Submitting applications for Scrip based FTP Schemes

Brief Details	The Ministry of Commerce and Industry, in exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with Para 1.02 of the Foreign Trade Policy, 2015-20, hereby amends the para 3.13A of the FTP 2015-20.
Change Type	Notification
State	Central
Effective Date	31-December-2021
Source	https://egazette.nic.in/WriteReadData/2021/232299.pdf

Ministry of Finance notifies Securities Contracts (Regulation) (Procedure for Holding Inquiry and Imposing Penalties) (Amendment) Rules, 2021

Brief Details	The Ministry of Finance, in exercise of the powers conferred by clause (hd) and clause (i) of sub-section (2) of section 30 of the Securities Contracts (Regulation) Act, 1956, hereby makes the rules further to amend the Securities Contracts (Regulation) (Procedure for Holding Inquiry and Imposing Penalties) Rules, 2005.
Change Type	Notification
State	Central
Effective Date	31-December-2021
Source	https://egazette.nic.in/WriteReadData/2021/232301.pdf