Daily Updates June-2022

Home / Daily Updates June-2022

Ministry of Labour and Employment notifies Implementation of ESI Act in Thoothukudi district of 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 notifies implementation of ESI Act in Thoothukudi district of Tamil Nadu. [F. No. S-38013/04/2022-SS-I]
Change Type	Notification
State	Tamil Nadu
Effective Date	01-July-2022
Source	https://egazette.nic.in/WriteReadData/2022/236778.pdf

Ministry of Finance notifies Goods and Services Tax (Period of Levy and Collection of Cess) Rules, 2022

Brief Details	The Ministry of Finance, in exercise of the powers conferred by sub-section (2) of section 12 read with section 8 of the Goods and Services Tax (Compensation to States) Act, 2017 hereby makes the following rules, namely the Goods and Services Tax (Period of Levy and Collection of Cess) Rules, 2022. [F. No. S-31011/11/2022-ST-II-DOR]
Change Type	Notification
State	Central
Effective Date	01-July-2022
Source	https://egazette.nic.in/WriteReadData/2022/236790.pdf

RBI notifies Restriction on Storage of Actual Card Data [i.e. Card-on-File (CoF)]

Brief Details	The Reserve Bank of India notifies Restriction on Storage of Actual Card Data [i.e. Card-on-File (CoF)]. It has been decided to extend the timeline for storing of CoF data by three months, i.e., till September 30, 2022, after which such data shall be purged. [RBI/2022-23/77]
Change Type	Notification
State	Central
Effective Date	30-September-2022
Source	https://rbidocs.rbi.org.in/rdocs/notification/PDFs/DPSSC09B09841EF3746A0A7DC4783AC90C8F3.PDF

SEBI issues Circular for Introduction of Unified Payments Interface (UPI) mechanism for Real Estate Investment Trusts (REITs)

Brief Details	The Securities and Exchange Board of India issues Circular for Introduction of Unified Payments Interface (UPI) mechanism for Real Estate Investment Trusts (REITs). This circular is issued to protect the interests of investors insecurities and to promote the development of, and to regulate the securities markets. [SEBI/HO/DDHS/DDHS_Div3/P/CIR/2022/086]
Change Type	Circular
State	Central
Effective Date	01-August-2022
Source	https://bit.ly/3bvOpXO

SEBI issues Circular for Introduction of Unified Payments Interface (UPI) mechanism for Infrastructure Investment Trusts (InvITs)

Brief Details	The Securities and Exchange Board of India issues Circular for Introduction of Unified Payments Interface (UPI) mechanism for Infrastructure Investment Trusts (InvITs). This circular is issued to protect the interests of investors in securities and to promote the development of, and to regulate the securities markets.
Change Type	Circular
State	Central
Effective Date	01-August-2022
Source	https://bit.ly/3OsUpzi

SEBI issues Circular for Reduction of timelines for listing of units of privately placed Infrastructure Investment Trust (InvIT)

Brief Details	The Securities and Exchange Board of India issues Circular for Reduction of timelines for listing of units of privately placed Infrastructure Investment Trust (InvIT). This circularis issued to protect the interests of investors in securities and to promote the development of, and to regulate the securities markets. [SEBI/HO/DDHS/DDHS_Div3/P/CIR/2022/087]
Change Type	Circular
State	Central
Effective Date	01-August-2022
Source	https://bit.ly/3NjgTBj

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

Brief Details	The Securities and Exchange Board of India issues Circular for Implementation of Circular on ‘Guidelines in pursuance of amendment to SEBI KYC (Know Your client) Registration Agency (KRA) Regulations, 2011’. This circular is issued to protect the interests of investors in securities and to promote the development of, and to regulate the securities markets.[ SEBI/HO/MIRSD/DoP/P/CIR/2022/89]
Change Type	Circular
State	Central
Effective Date	24-June-2022
Source	https://bit.ly/3OF8oBO

SEBI issues Circular for Guidelines for Large Value Fund for Accredited Investors under SEBI (Alternative Investment Funds) Regulations, 2012 and Requirement of Compliance Officer for Managers of all AIFs

Brief Details	The Securities and Exchange Board of India issues Circular for Guidelines for Large Value Fund for Accredited Investors under SEBI (Alternative Investment Funds) Regulations, 2012 and Requirement of Compliance Officer for Managers of all AIFs. This Circular is issued to protect the interest of investors in securities and to promote the development of, and to regulate the securities market. [SEBI/HO/AFD/RAC/CIR/2022/088]
Change Type	Circular
State	Central
Effective Date	31-July-2022
Source	https://bit.ly/3OM44kn

CBDT notifies Format, Procedure and Guidelines for submission of Form No. 1, Form No. 2 and Form No. 2A for Securities Transaction Tax (STT)

Brief Details	The Central Board of Direct Taxes notifies Format, Procedure and Guidelines for submission of Form No. 1, Form No. 2 and Form No. 2A for Securities Transaction Tax (STT). [2 of 2022]
Change Type	Notification
State	Central
Effective Date	24-June-2022
Source	https://www.incometaxindia.gov.in/communications/notification/notification-2-of-2022.pdf

NSE issues Circular for Submission of data towards monitoring of client funds under Enhanced Supervision and Client Level Cash & Cash Equivalent Balances

Brief Details	The National Stock Exchange of India Limited, issues Circular for Submission of data towards monitoring of client funds under Enhanced Supervision and Client Level Cash & Cash Equivalent Balances. All Members are advised to take note and comply. [47/2022]
Change Type	Circular
State	Central
Effective Date	24-June-2022
Source	https://archives.nseindia.com/content/circulars/INSP52724.pdf

MCX issues Circular for Clarification on Margin collection & reporting

Brief Details	The Multi Commodity Exchange issues Circular for Clarification on Margin collection & reporting. Members are hereby advised to take note of regulatory requirements and ensure compliance of the same. [MCX/INSP/372/2022]
Change Type	Circular
State	Central
Effective Date	24-June-2022
Source	https://www.mcxindia.com/docs/default-source/circulars/english/2022/june/circular-372-2022.pdf?sfvrsn=be4f1e91_0

Government of Andhra Pradesh issues notice on Ban on Single Use Plastic from 01st July 2022

Brief Details	The Government of Andhra Pradesh issues notice on Ban on Single Use Plastic from 01st July 2022.
Change Type	Notice
State	Andhra Pradesh
Effective Date	01-July-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-12-5.pdf

BSE issues notice for Guidelines/clarifications on Margin collection & reporting

Brief Details	The Bombay Stock Exchange issues notice for Guidelines/clarifications on Margin collection & reporting. Members are requested to take note of the contents of the circular and comply. [20220623-52]
Change Type	Notice
State	Central
Effective Date	23-June-2022
Source	https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220623-52

Government of West Bengal notifies SoP for issuance of Manufacturers, Dealers, and Repairers License under the West Bengal Legal Metrology (Enforcement) Rules, 2011

Brief Details	The Government of West Bengal notifies SoP for issuance of Manufacturers, Dealers and Repairers License under the West Bengal Legal Metrology (Enforcement) Rules, 2011.
Change Type	Notification
State	West Bengal
Effective Date	20-June-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-14-2.pdf

MSE issues Circular for Compliant UCCs ONLY to place orders w.e.f. July 4, 2022

Brief Details	The Metropolitan Stock Exchange issues Circular for Compliant UCCs ONLY to place orders w.e.f. July 4, 2022. Members of the Exchange are advised to take note and ensure compliance. [MSE/ID/11983/2022]
Change Type	Circular
State	Central
Effective Date	04-July-2022
Source	https://www.msei.in/SX-Content/Circulars/2022/June/Circular-11983.pdf

NCDEX issues Circular for Clarifications on Margin collection & reporting

Brief Details	The National Commodity & Derivatives Exchange Limited issues Circular for Clarifications on Margin collection & reporting. Members are requested to take note of the contents of the circular and comply. [NCDEX/COMPLIANCE-040/2022]
Change Type	Circular
State	Central
Effective Date	24-June-2022
Source	https://ncdex.com/public/uploads/circulars/Clarification_Margin_Reporting_24062022_1656092990.pdf

NCDEX issues Circular for Investor Grievance Redressal Mechanism

Brief Details	The National Commodity & Derivatives Exchange Limited issues Circular for Investor Grievance Redressal Mechanism. All members are hereby advised to take note of the same, keep their constituents informed and ensure compliance accordingly. [NCDEX/INVESTOR SERVICES-002/2022]
Change Type	Circular
State	Central
Effective Date	01-July-2022
Source	https://ncdex.com/public/uploads/circulars/NCDEXINVESTOR%20SERVICES-0022022_1656072812.pdf

FSSAI notifies Direction under Section 16 (5) of Food Safety and Standards Act, 2006 regarding re-operationalisation of Food Safety and Standards (Licensing and Registration of Food Business) Amendment Regulations, 2021

Brief Details	The Food Safety and Standards Authority of India in exercise of the power vested under Sections 18(2) (d) and 16(5) of Food safety and Standards Act, 2006 notifies re-operationalisation of Food Safety and Standards (Licensing and Registration of Food Business) Amendment Regulations, 2021.
Change Type	Notification
State	Central
Effective Date	12-May-2022
Source	https://bit.ly/3nmQVT7

RBI notifies Master Circular – Housing Finance for UCBs

Brief Details	The Reserve Bank of India notifies Master Circular – Housing Finance for UCBs. [RBI/2022-23/76]
Change Type	Master Circular
State	Central
Effective Date	23-June-2022
Source	https://rbidocs.rbi.org.in/rdocs/notification/PDFs/76MCC99E5B9529F44A94BD3AB269AD898568.PDF

NSE issues Circular for Guidelines/clarifications on Margin collection & reporting

Brief Details	The National Stock Exchange of India Limited, issues Circular for Guidelines/clarifications on Margin collection & reporting. Members are requested to take note of the contents of the circular and comply. [46/2022]
Change Type	Circular
State	Central
Effective Date	23-June-2022
Source	https://archives.nseindia.com/content/circulars/INSP52711.pdf

Government of Haryana notifies Exemption From Section 52(1) Of The Factories Act, 1948, On Account Of General Election In Ward No. 08 Of Municipal Committee, Safidon, Jind District Of Haryana

Brief Details	The Government of Haryana in exercise of power conferred by sub-section (2) of section 65 of the Factories Act, 1948 exempted the workers, enrolled as voters in Ward No. 08 (booth numbers 13 & 14) of Municipal Committee, Safidon, Jind District, from the operation of Section 52(1) of the Factories Act, 1948, regarding weekly holidays, for the week commencing from June 26, 2022, till July 02, 2022, on account of general elections in the said Ward, to be held on June 24, 2022. Such workers shall not be required or allowed to work on the election day. [F.W./Election-2022 19470]
Change Type	Notification
State	Haryana
Effective Date	24-June-2022
Source	https://storage.hrylabour.gov.in/uploads/labour_laws/Y2022/June/W4/D23/1655986830.pdf

Government of Telangana notifies Covid-19 precautionary guidelines

Brief Details	The Government of Telangana Covid-19 precautionary guidelines.
Change Type	Notification
State	Telangana
Effective Date	21-June-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-4-14.pdf

NSDL issues Circular for Enhancement in DPM Plus for Clients to update email ID and income range

Brief Details	The National Securities Depository Limited issues circular for Enhancement in DPM Plus for Clients to update email ID and income range. The transaction fee of Rs.20 plus GST per request which includes eSign charges will be applicable, which will be levied on the Participant in the relevant monthly bill. [NSDL/POLICY/2022/086]
Change Type	Circular
State	Central
Effective Date	23-June-2022
Source	https://bit.ly/39TcBD1

MSE issues Circular for Reminder for Cyber Security and Cyber Resilience Audit of Trading Members for the period ended March 2022

Brief Details	The Metropolitan Stock Exchange issues Circular for Reminder for Cyber Security and Cyber Resilience Audit of Trading Members for the period ended March 2022. Members are advised to take note and comply. [MSE/INSP/11980/2022]
Change Type	Circular
State	Central
Effective Date	30-June-2022
Source	https://www.msei.in/SX-Content/Circulars/2022/June/Circular-11980.pdf

MSE issues Circular for Reminder for submission of System Audit Report for the period ended March 2022

Brief Details	The Metropolitan Stock Exchange issues Circular for Reminder for submission of System Audit Report for the period ended March 2022. Members are advised to take note and comply. [MSE/INSP/11981/2022]
Change Type	Circular
State	Central
Effective Date	30-June-2022
Source	https://www.msei.in/SX-Content/Circulars/2022/June/Circular-11981.pdf

MSE issues Circular for Guidelines/Clarifications on Margin collection & reporting

Brief Details	The Metropolitan Stock Exchange issues Circular for Guidelines/Clarifications on Margin collection & reporting. Members are requested to take note of the contents of the circular and comply. [MSE/INSP/11982/2022]
Change Type	Circular
State	Central
Effective Date	23-June-2022
Source	https://www.msei.in/SX-Content/Circulars/2022/June/Circular-11982.pdf

CBDT notifies Income-tax (19th Amendment) Rules, 2022

Brief Details	The Central Board of Direct Taxes in exercise of the powers conferred by section 295 read with sections 194B, 194-IA, 194R, 194S and section 206AB of the Income-tax Act, 1961 hereby, makes the following rules further to amend the Income-tax Rules, 1962, namely the Income-tax (19^th Amendment) Rules, 2022 [67/2022/F. No. 370142/23/2022-TPL]
Change Type	Notification
State	Central
Effective Date	22-June-2022
Source	https://egazette.nic.in/WriteReadData/2022/236728.pdf

CBDT issues Circular for Guidelines for removal of difficulties under sub-section (6) of section 194S of the Income-tax Act, 1961

Brief Details	The Central Board of Direct Taxes in exercise of the power conferred by sub-section (6) of section 194S of the Act, authorises Central Board of Direct Taxes (CBDT) to issue guidelines, for removal of difficulties, with the approval of the Central Government. These guidelines are required to be laid before each House of Parliament and are binding on the income-tax authorities and the person responsible for paying the consideration for transfer of VDA. [13/2022]
Change Type	Circular
State	Central
Effective Date	01-July-2022
Source	https://www.incometaxindia.gov.in/communications/circular/circular-no-13-2022.pdf

NSE issues Circular for Reminder for submission of System Audit Report for the period ended March 2022

Brief Details	The National Stock Exchange of India Limited, issues Circular for Reminder for submission of System Audit Report for the period ended March 2022. Members are advised to take note and comply. [45/2022]
Change Type	Circular
State	Central
Effective Date	30-June-2022
Source	https://archives.nseindia.com/content/circulars/INSP52708.pdf

NSE issues Circular for Reminder for submission of Cyber Security & Cyber Resilience Audit Report for the period ended March 2022

Brief Details	The National Stock Exchange of India Limited, issues Circular for Reminder for submission of Cyber Security & Cyber Resilience Audit Report for the period ended March 2022. Members are advised to take note of the above and comply [44/2022]
Change Type	Circular
State	Central
Effective Date	30-June-2022
Source	https://archives.nseindia.com/content/circulars/INSP52707.pdf

Government of Punjab notifies Grant Of Paid Holiday On Account Of Bye-Election In Sangrur, Barnala, Malerkotla District Of Punjab

Brief Details	The Government of Punjab notifies Grant Of Paid Holiday On Account Of Bye-Election In Sangrur, Barnala, Malerkotla District Of Punjab. The employers of factories in the said districts shall declare the day of polling as a close day for employees who are the voters of the said district. [21/07/2015-5L/77]
Change Type	Notification
State	Punjab
Effective Date	23-June-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-5-17.pdf

Government of Maharashtra notifies Maharashtra Electricity Regulatory Commission (Transaction of Business and Fees and Charges) Regulations, 2022

Brief Details	The Government of Maharashtra in exercise of the powers conferred on it by clause (g) of sub-Section (1) of Section 86, Section 92 and Section 181 of the Electricity Act, 2003 hereby makes the following Regulations namely the Maharashtra Electricity Regulatory Commission (Transaction of Business and Fees and Charges) Regulations, 2022.
Change Type	Notification
State	Central
Effective Date	19-June-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-6-10.pdf

Government of West Bengal notifies onetime processing fee for the projects seeking Environmental Clearance (EC)

Brief Details	The Government of West Bengal in exercise of the power conferred by sub-section (3) of section 3 of the Environment (protection) Act, 1986 notifies onetime processing fee for the projects seeking Environmental Clearance (EC). [550(23) /HL/TDUESTTICG-52/2016]
Change Type	Notification
State	West Bengal
Effective Date	21-June-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-7-11.pdf

Government of National Capital Territory of Delhi issues notice for paid holiday due to bye-elections

Brief Details	The Government of National Capital Territory of Delhi issues notice to declare June 23, 2022 as a paid holiday for all establishments, Factories, other business establishments in Delhi in order to cast their votes in the said elections.
Change Type	Notice
State	Delhi
Effective Date	23-June-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-8-16.pdf

CDSL notifies Mandatory updation of certain attributes pertaining to KYC of clients

Brief Details	The Central Depository Services (India) Limited notifies Mandatory updation of certain attributes pertaining to KYC of clients. The DPs are advised to take note of the same and ensure compliance. [CDSL/OPS/DP/POLCY/2022/349]
Change Type	Notification
State	Central
Effective Date	30-June-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-9-13.pdf

RBI notifies Extension of timeline for implementation of certain provisions of Master Direction – Credit Card and Debit Card – Issuance and Conduct Directions, 2022

Brief Details	The Reserve Bank of India notifies Extension of timeline for implementation of certain provisions of Master Direction – Credit Card and Debit Card – Issuance and Conduct Directions, 2022. [RBI/2022-23/74]
Change Type	Notification
State	Central
Effective Date	01-October-2022
Source	https://rbidocs.rbi.org.in/rdocs/notification/PDFs/NT740E2D743BA6C842E0837B04E0BAAE9697.PDF

SEBI issues Circular for Modification in the Operational Guidelines for Foreign Portfolio Investors, Designated Depository Participants and Eligible Foreign Investors – Bank account details to which the payment is to be done electronically

Brief Details	The Securities and Exchange Board of India issues Circular for Modification in the Operational Guidelines for Foreign Portfolio Investors, Designated Depository Participants and Eligible Foreign Investors – Bank account details to which the payment is to be done electronically. [SEBI/HO/IMD/FPI&C/CIR/P/2022/84]
Change Type	Circular
State	Central
Effective Date	24-June-2022
Source	https://bit.ly/3HGDiY4

BSE issues Circular for Filing of Report to SEBI in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SAST Regulations, 2011

Brief Details	The Bombay Stock Exchange issues a Circular for Filing of Report to SEBI in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SAST Regulations, 2011. All Listed companies are requested to take note and comply accordingly. [20220621-55]
Change Type	Circular
State	Central
Effective Date	21-June-2022
Source	https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220621-55

MOHFW notifies Surrogacy (Regulation) Rules, 2022

Brief Details	The Ministry of Health and Family Welfare in exercise of the powers conferred by section 50 of the Surrogacy (Regulation) Act, 2021 hereby makes the following rules, namely the Surrogacy (Regulation) Rules, 2022. [F. No. U.11019/15/2022-HR(Pt.)]
Change Type	Notification
State	Central
Effective Date	21-June-2022
Source	https://egazette.nic.in/WriteReadData/2022/236719.pdf

Government of West Bengal notifies Declaration of Paid Holiday on Account of Municipal Election in West Bengal

Brief Details	The Government of West Bengal notifies paid holiday on the 26th of June, 2022 on account of the Municipal Elections in six Municipalities mentioned in the notification. Every employer of any business, trade, industrial undertaking, or any other establishments in all areas of six Municipalities, to which elections have been notified are obligated to grant paid holiday on the day of Poll to their workmen who are voters in the said constituency areas. [Labr./600/(LC-IR)/IR/7S-06/17]
Change Type	Notification
State	West Bengal
Effective Date	26-June-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-5-16.pdf

Government of West Bengal notifies Declaration of Paid Holiday on Account of Panchayat General Election in West Bengal

Brief Details	The Government of West Bengal notifies paid holiday on the 26th of June, 2022 on account of the Panchayat General Elections in the Siliguri Mahakuma Parishad. Every employer of any business, trade, industrial undertaking or any other establishments in all areas pertaining to Siliguri Mahakuma Parishad in the district of Darjeeling, to which elections have been notified are obligated to grant paid holiday on the day of Poll to their workmen who are voters in the said constituency areas. [Labr./601/(LC-IR)/IR/7S-06/17]
Change Type	Notification
State	West Bengal
Effective Date	26-June-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-6-9.pdf

NSDL issues Circular for Suspension of demat accounts in case of non-compliance with 6 KYC attributes

Brief Details	The National Securities Depository Limited issues circular for Suspension of demat accounts in case of non-compliance with 6 KYC attributes. Participants are advised to take all possible measures so that the demat accounts are compliant before the timeline of June 30, 2022 and no disruption is caused in the market due to non-updation of 6 KYC attributes [NSDL/POLICY/2022/085]
Change Type	Circular
State	Central
Effective Date	30-June-2022
Source	https://bit.ly/3Oh5bIQ

Government of Kerala notifies The Kerala Minimum Wages Notification (April 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 April 2022 ascertained by the Director General of Economics & Statistics under clause (C) of Section 2 of the Act. This is for Agricultural Labourers and Industrial Workers. [DES/859/2022-P3(1)]
Change Type	Notification
State	Kerala
Effective Date	01-April-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-8-15.pdf

SEBI issues Circular for Naming / Tagging of demat accounts maintained by Stock Brokers

Brief Details	The Securities and Exchange Board of India issues Circular for Naming / Tagging of demat accounts maintained by Stock Brokers. This Circular is issued to protect the interests of investors in securities and to promote the development of and to regulate the securities markets. [SEBI/HO/MIRSD/ MIRSD_DPIEA/P/CIR/2022/83]
Change Type	Circular
State	Central
Effective Date	20-June-2022
Source	https://www.sebi.gov.in/legal/circulars/jun-2022/naming-tagging-of-demat-accounts-maintained-by-stock-brokers_59830.html

PCBA issues Order for implementing the Integrated Guidance framework for chemical safety

Brief Details	The Pollution Control Board Assam in Pursuance of the order passed by the National Green Tribunal regarding implementation of the Integrated Guidance framework for Chemical Safety in respect of the Isolated Storages and Industries covered under the Manufacture. Storage and Import of Hazardous Chemicals Rules, 1989 hereby requested to ensure that the Industries and Isolated Storages covered under the aforementioned Rules have to submit the following information prior to forwarding the respective CTE/CTO applications to the Head Office. [No. WB/G-13/22-23/57]
Change Type	Order
State	Assam
Effective Date	18-June-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-2-8.pdf

CDSL notifies Validation of reason codes while execution of off market transactions

Brief Details	The Central Depository Services (India) Limited notifies Validation of reason codes while execution of off market transactions. DPs are further advised to take note of guidelines and initiate suitable back-office changes. [CDSL/OPS/DP/SYSTM/2022/340]
Change Type	Notification
State	Central
Effective Date	25-June-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-3-14.pdf

IT Department Notifies e-filing of ITR-5

Brief Details	The Income Tax Department notifies the availability of e-filing of ITR-5 which specify form suitable for bodies such as firms, Body of Individuals (BOIs), Limited Liability Partnerships (LLPs), Artificial Juridical Person (AJP), Association of Persons (AOPs), etc.
Change Type	Notification
State	Central
Effective Date	14-June-2022
Source	https://www.incometax.gov.in/iec/foportal//latest-news#13c87256-3f33-45c7-88a0-e5c1a885c343

CBDT notifies Income-tax (18th Amendment) Rules, 2022

Brief Details	The Central Board of Direct Taxes in exercise of the powers conferred by section 295 read with sub-section (2) of section 92CB of the Income-tax Act, 1961 hereby makes the following rules further to amend the Income-tax Rules, 1962, namely the Income-tax (18th Amendment) Rules, 2022. [66 /2022/F. No. 370142/26/2022-TPL]
Change Type	Notification
State	Central
Effective Date	01-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/236668.pdf

MCA notifies National Financial Reporting Authority Amendment Rules, 2022

Brief Details	The Ministry of Corporate Affairs in exercise of the powers conferred by sub-sections (2) and (4) of section 132, sub-section (1) of section 139 and sub-section (1) of section 469 of the Companies Act, 2013 hereby makes the following rules, to amend the National Financial Reporting Authority Rules, 2018, namely the National Financial Reporting Authority Amendment Rules, 2022. [F. No. 7/14/2021-CL-I]
Change Type	Notification
State	Central
Effective Date	17-June-2022
Source	https://egazette.nic.in/WriteReadData/2022/236669.pdf

ESIC notifies extension of medical benefits to the family members of Insured Persons in Bajali district in the State of Assam

Brief Details	The Employees’ State Insurance Corporation in pursuance of powers conferred by Section 46 (2) of the Employees’ State Insurance Act, 1948 (34 of 1948), read with Regulation 95-A of the Employees’ State Insurance (General) Regulations, 1950, the Director General has fixed the 01/06/2022 as the date from, which the medical benefit as laid down in the said Regulation 95-A and the Assam Employees’ State Insurance (Medical Benefit) Rules, 1958 shall be extended to the families of insured persons in the entire area of Bajali district in the State of Assam, in addition to the already implemented area in the district. [ADVT.-III/4/Exty./130/2022-23]
Change Type	Notification
State	Central
Effective Date	01-June-2022
Source	https://egazette.nic.in/WriteReadData/2022/236699.pdf

SEBI issues notice for Facility for investors to change/update details of their mobile numbers and Facility to check whether SMS has been sent to the investors for submitting original PACL certificate

Brief Details	The Securities Exchange and Board of India issues a notice for Facility for investors to change/update details of their mobile numbers and Facility to check whether SMS has been sent to the investors for submitting original PACL certificate.
Change Type	Notice
State	Central
Effective Date	17-June-2022
Source	https://bit.ly/3xELd3D

FSSAI notifies Direction under Section 16(5) of Food Safety and Standards Act, 2006 regarding extension of timeline for mandatory compliance related to Milk Logo

Brief Details	The Food Safety and Standards Authority of India in exercise of the power vested under section 16(5) of Food Safety and Standards Act, 2006 notifies extension of timeline for mandatory compliance related to Milk Logo.
Change Type	Notification
State	Central
Effective Date	17-June-2022
Source	https://www.fssai.gov.in/upload/advisories/2022/06/62af3e0252e6eDirection_compliance_Milk_Logo_17_06_2022.pdf

NSDL issues Circular for Validation of reason codes while execution of off-market transactions

Brief Details	The National Securities Depository Limited issues circular for Validation of reason codes while execution of off-market transactions. Participants are further requested to take note and initiate suitable back-office changes [NSDL/POLICY/2022/084]
Change Type	Circular
State	Central
Effective Date	25-June-2022
Source	https://bit.ly/3OqellT

NCDEX issues Circular for Reporting for Artificial Intelligence (AI) and Machine Learning (ML) applications and systems offered and used by market intermediaries

Brief Details	The National Commodity & Derivatives Exchange Limited issues Circular for Reporting for Artificial Intelligence (AI) and Machine Learning (ML) applications and systems offered and used by market intermediaries. Members are advised to ensure compliance with the requirements. [NCDEX/COMPLIANCE-038/2022]
Change Type	Circular
State	Central
Effective Date	01-July-2022
Source	https://ncdex.com/public/uploads/circulars/AI_ML_Jun_17062022_1655466622.pdf

Government of Haryana notifies Conditions For Exemptions From Restrictions On Employing Women Workers During Night Shifts In State Of Haryana

Brief Details	The Government of Haryana in exercise of the powers mentioned under Section 28 and Section 30(3) of the Punjab Shop and Commercial Establishments Act, 1958, has laid down certain conditions for employing women in night shifts in respect of their security and safety so as to safeguard the interest of the women workers.
Change Type	Notification
State	Haryana
Effective Date	07-June-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-8-14.pdf

Ministry of Consumer Affairs, Food and Public Distribution notifies amendments in the notification dated the 8th February, 2017

Brief Details	The Ministry of Consumer Affairs, Food and Public Distribution, in pursuance of the provisions of section 7 of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 hereby makes the following further amendments in the notification dated the 8th February, 2017. The amendment is for deadline extension upto 30^th September 2022 for seeding of Ration Card and its beneficiaries. [S.O. 1262(E)]
Change Type	Notification
State	Central
Effective Date	30-September-2022
Source	https://egazette.nic.in/WriteReadData/2022/236673.pdf

Government of Goa notifies Goa Municipalities (Amendment) Rules, 2021

Brief Details	The Government of Goa in exercise of the powers conferred by sub-section (1) of section 306 of the Goa Municipalities Act, 1968 hereby makes the following rules so as to further amend the rules as specified in the Schedule hereto framed under the said Act, namely the Goa Municipalities (Amendment) Rules, 2021. [10/888/2021-DMA/Amend/Act/Rules/916]
Change Type	Notification
State	Goa
Effective Date	16-June-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-10-13.pdf

CBDT notifies income-tax (Seventeenth Amendment), Rules, 2022

Brief Details	The Central Board of Direct Taxes in exercise of the powers conferred by the proviso to item (III) of sub-clause (i) of clause (c) of the Explanation to clause (4D) of section 10 read with section 295 of the Income-tax Act, 1961 hereby makes the following rules further to amend the Income-tax Rules,1962, namely the Income-tax (Seventeenth Amendment), Rules, 2022. [Notification No. 64/2022/F. No. 370142/24/2022-TPL]
Change Type	Notification
State	Central
Effective Date	16-June-2022
Source	https://egazette.nic.in/WriteReadData/2022/236644.pdf

RBI notifies Processing of e-mandates for recurring transactions

Brief Details	The Reserve Bank of India notifies Processing of e-mandates for recurring transactions. This circular is issued under Section 10 (2) read with Section 18 of the Payment and Settlement Systems Act, 2007 (Act 51 of 2007), and shall come into effect immediately. [RBI/2022-23/73]
Change Type	Notification
State	Central
Effective Date	16-June-2022
Source	https://rbidocs.rbi.org.in/rdocs/notification/PDFs/NOTI737FE6EE857FB94235BD31DCA38E14ACC9.PDF

CBDT issues Circular for Guidelines for removal of difficulties under sub-section (2) of section 194R of the Income tax Act, 1961

Brief Details	The Central Board of Direct Taxes in exercise of the powers conferred by sub-section (2) of section 194R of the Income Tax Act authorises the Board to issue guidelines, for removal of difficulties, with the approval of the Central Government. These guidelines are required to be laid before each House of Parliament and are binding on the income-tax authorities and the person providing the benefit or perquisite. [12/2022]
Change Type	Circular
State	Central
Effective Date	01-July-2022
Source	https://www.incometaxindia.gov.in/communications/circular/circular-no-12-2022.pdf

MCX issues Circular for System Audit of Trading Member – Reminder

Brief Details	The Multi Commodity Exchange issues a Circular for System Audit of Trading Member – Reminder. The members are advised to submit the System Audit Report as per the mentioned time line. Late submission charges will be levied on trading members failing to submit the said reports for the period of non-submission as per circular MCX/CTCL/877/2020 dated November 24, 2020. [MCX/CTCL/349/2022]
Change Type	Circular
State	Central
Effective Date	10-July-2022
Source	https://www.mcxindia.com/docs/default-source/circulars/english/2022/june/circular-349-2022.pdf?sfvrsn=cbec1d91_0

MCX issues a Circular for Cyber Security & Cyber Resilience Audit of Trading Member – Reminder

Brief Details	The Multi Commodity Exchange issues a Circular for Cyber Security & Cyber Resilience Audit of Trading Member – Reminder. The members are once again advised to submit the Cyber Security & Cyber Resilience Audit Report as per the mentioned time line. Members are requested to take note of the above and ensure compliance. [MCX/TECH/350/2022]
Change Type	Circular
State	Central
Effective Date	30-June-2022
Source	https://www.mcxindia.com/docs/default-source/circulars/english/2022/june/circular-350-2022.pdf?sfvrsn=2fec1d91_0

MCX issues a Circular for 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 issues a Circular for Reporting for Artificial Intelligence (AI) and Machine Learning (ML) applications and systems offered and used by members of the Exchange. Trading Members of the Exchange are required to submit Artificial Intelligence (AI) and Machine Learning (ML) applications and systems offered for the Quarter ended June 30, 2022 through portal https://member.mcxindia.com. [MCX/CTCL/347/2022]
Change Type	Circular
State	Central
Effective Date	01-July-2022
Source	https://bit.ly/3xWWOwe

Government of West Bengal issues notice for extension of date on filing the annual returns by online submission of Trade unions

Brief Details	The Government of West Bengal notice for extension of date on filing the annual returns by online submission of Trade unions. It is to be noted that the system will go live on Wednesday, 15.06.2022.
Change Type	Notice
State	West Bengal
Effective Date	15-June-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-7-10.pdf

MSE issues Circular for Trade to Trade Settlement

Brief Details	The Metropolitan Stock Exchange issues Circular for Trade to Trade Settlement. The transfer of securities for trading and settlement on a trade-to-trade basis and vice versa is purely on account of market surveillance and it should not be construed as an adverse action against the concerned company. [MSE/SURV/11957/2021]
Change Type	Circular
State	Central
Effective Date	21-June-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-8-13.pdf

NCDEX issues Circular for Implementation of Two Factor Authentication

Brief Details	The National Commodity & Derivatives Exchange Limited issues Circular for Implementation of Two Factor Authentication. Members are requested to take note of the same and ensure compliance. [NCDEX/RISK- 004/2022]
Change Type	Circular
State	Central
Effective Date	30-September-2022
Source	https://bit.ly/3xYNCrb

SEBI issues Circular for Nomination for Mutual Fund Unit Holders

Brief Details	The Securities and Exchange Board of India issues Circular for Nomination for Mutual Fund Unit Holders. This circular is issued to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. [SEBI/HO/IMD/IMD-II DF3/P/CIR/2022/82]
Change Type	Circular
State	Central
Effective Date	01-August-2022
Source	https://www.sebi.gov.in/legal/circulars/jun-2022/nomination-for-mutual-fund-unit-holders_59743.html

MCX issues a Circular for Implementation of Two Factor Authentication

Brief Details	The Multi Commodity Exchange issues a Circular for Implementation of Two Factor Authentication. Members are requested to take note and ensure compliance. [MCX/CTCL/346/2022]
Change Type	Circular
State	Central
Effective Date	30-September-2022
Source	https://www.mcxindia.com/docs/default-source/circulars/english/2022/june/circular-346-2022.pdf?sfvrsn=fe2e1c91_0

IRDAI issues Circular for Accounting of Premium, claims and related expenses on estimation basis

Brief Details	The Insurance Regulatory and Development Authority of India issues Circular for Accounting of Premium, claims and related expenses on estimation basis. This circular is effective from financial year 2022-23 onwards. [IRDA/F&A/CIR/MISC/123/6/2022]
Change Type	Circular
State	Central
Effective Date	15-June-2022
Source	https://www.irdai.gov.in/ADMINCMS/cms/whatsNew_Layout.aspx?page=PageNo4739&flag=1

MSE issues Circular for Implementation of Two Factor Authentication

Brief Details	The Metropolitan Stock Exchange issues Circular for Implementation of Two Factor Authentication. Members are requested to take note of the contents of the circular and comply. [MSE/INSP/11947/2022]
Change Type	Circular
State	Central
Effective Date	30-September-2022
Source	https://www.msei.in/SX-Content/Circulars/2022/June/Circular-11947.pdf

BSE issues notice for Implementation of Two Factor Authentication

Brief Details	The Bombay Stock Exchange issues notice for Implementation of Two Factor Authentication. Trading Members are requested to take note of the same and comply accordingly. [20220614-5]
Change Type	Notice
State	Central
Effective Date	30-September-2022
Source	https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220614-5

BSE issues notice for Compliant UCCs ONLY to place bids in Offer for Sale (OFS) and Tender Offers under Takeovers, Buy Back and Delisting (OTB Segment) w.e.f. July 01, 2022

Brief Details	The Bombay Stock Exchange issues notice for Compliant UCCs ONLY will be allowed to place bids in Offer for Sale (OFS) and Tender Offers under Takeovers, Buy Back and Delisting (OTB Segment) w.e.f. July 01, 2022. Trading Members and Custodians are advised to take note and comply with the guidelines. [20220614-45]
Change Type	Notice
State	Central
Effective Date	01-July-2022
Source	https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220614-45

MOHFW notifies Medical Devices (Fourth 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 Medical Devices Rules, 2017, namely the Medical Devices (Fourth Amendment) Rules, 2022. [F.No. X.11014/25/2021-DR]
Change Type	Notification
State	Central
Effective Date	15-June-2022
Source	https://egazette.nic.in/WriteReadData/2022/236602.pdf

FSSAI notifies Food Safety and Standards (Vegan Foods) Regulations, 2022

Brief Details	The Food Safety and Standards Authority of India, in exercise of powers conferred by clause (v) of sub-section (2) of section 92 of the Food Safety and Standards Act, 2006 hereby makes the following regulations, namely the Food Safety and Standards (Vegan Foods) Regulations, 2022. [ADVT.-III/4/Exty./116/2022-23]
Change Type	Notification
State	Central
Effective Date	15-June-2022
Source	https://egazette.nic.in/WriteReadData/2022/236584.pdf

CBDT notifies Cost Inflation Index

Brief Details	The Central Board of Direct Taxes in exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 hereby makes the further amendments s in the notification of the Government of India. [62 /2022/F. No. 370142/20/2022-TPL]
Change Type	Notification
State	Central
Effective Date	01-April-2023
Source	https://egazette.nic.in/WriteReadData/2022/236565.pdf

DGFT issues notice Amendment in Paragraph 2.79F in the Handbook of Procedures of the Foreign Trade Policy (FTP) 2015-20 to lay down the procedure for Global Authorization for Intra-Company Transfer (GAICT) of SCOMET items/software/technology

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 amendments in Paragraph 2.79 F to Handbook of Procedures (HBP) of FTP 2015-20 to lay down the procedure for Global Authorization for Intra-Company Transfer (GAICT) of SCOMET items/software/technology with immediate effect.
Change Type	Notice
State	Central
Effective Date	14-June-2022
Source	https://egazette.nic.in/WriteReadData/2022/236545.pdf

RBI notifies Bank finance to Government owned entities

Brief Details	The Reserve Bank of India notifies Bank finance to Government owned entities Banks are advised to carry out a review and place before their Boards, a comprehensive report on the status of compliance with the instructions within three months from the date of this circular. [RBI/2022-23/71]
Change Type	Notification
State	Central
Effective Date	14-June-2022
Source	https://rbidocs.rbi.org.in/rdocs/notification/PDFs/NOTI71933B6F13A4F64595B2C9070F02CFFFEA.PDF

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

Brief Details	The Reserve Bank of India in exercise of the powers conferred under sections 45L and 45MA of the Reserve Bank of India Act, 1934 and Sections 30, 30A, 32 and 33 of the National Housing Bank Act, 1987 hereby updates Master Direction on Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021. [RBI/2020-21/73]
Change Type	Master Direction
State	Central
Effective Date	14-June-2022
Source	https://rbidocs.rbi.org.in/rdocs/notification/PDFs/MD10007CE48ADE2FB4BF981444FE1349E3B71.PDF

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

Brief Details	The Reserve Bank of India in exercise of the powers conferred under in exercise of the powers conferred under sections 45JA, 45L and 45M of the Reserve Bank of India Act, 1934 (Act 2 of 1934) and section 3 read with section 31A and section 6 of the Factoring Regulation Act, 2011 hereby updates Master Direction on 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	14-June-2022
Source	https://rbidocs.rbi.org.in/rdocs/notification/PDFs/MD44NSIND2E910DD1FBBB471D8CB2E6F4F424F8FF.PDF

RBI updates Master Direction on 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 in exercise of the powers conferred under sections 45JA, 45K, 45L and 45M of the Reserve Bank of India Act, 1934 and section 3 read with section 31A and section 6 of the Factoring Regulation Act, 2011 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	14-June-2022
Source	https://rbidocs.rbi.org.in/rdocs/notification/PDFs/45MD01092016B52D6E12D49F411DB63F67F2344A4E09.PDF

NSE issues Circular for Implementation of Two Factor Authentication

Brief Details	The National Stock Exchange of India Limited, issues Circular for Implementation of Two Factor Authentication. The said guidelines shall be implemented latest by September 30, 2022. [36/2022]
Change Type	Circular
State	Central
Effective Date	30-September-2022
Source	https://archives.nseindia.com/content/circulars/COMP52623.pdf

CBIC notifies Procedure relating to sanction, post-audit and review of refund claims

Brief Details	The Central Board of Indirect Taxes and Customs notifies Procedure relating to sanction, post-audit and review of refund claims. The matter has been examined with the twin purpose of ensuring uniformity in procedure and enabling effective monitoring of sanction of refund claims in order to safeguard interests of revenue.
Change Type	Notification
State	Central
Effective Date	14-June-2022
Source	https://taxinformation.cbic.gov.in/view-pdf/1000423/ENG/Instructions

MOSPI issues a Press Release for Consumer Price Index Numbers on Base 2012=100 For Rural/Urban and combined for the month of May 2022

Brief Details	The Ministry of Statistics and Programme Implementation issues a Press Release for Consumer Price Index Numbers on Base 2012=100 For Rural/Urban and combined for the month of May 2022.
Change Type	Press Release
State	Central
Effective Date	13-June-2022
Source	https://bit.ly/39p4D4x

FSSAI issues an Order for compliance w.r.t provisions for display of information for food service establishments under FSS (Labelling and Display) Regulation 2020 for E-Commerce Food Business Operators

Brief Details	The Food Safety and Standards Authority of India issues an Order for compliance with respect to provisions for display of information for food service establishments under FSS (Labelling and Display) Regulation 2020 for E-Commerce Food Business Operators. All e-commerce Food Business Operators are hereby directed to enable provisions in their online platforms for display of nutritional platforms as well as other specific requirements under the ibid regulations.
Change Type	Order
State	Central
Effective Date	14-June-2022
Source	https://www.fssai.gov.in/upload/advisories/2022/06/62a86bfa4849eOrder_FBO_ECommerce_14_06_2022.pdf

UT.Of Chandigarh notifies containment of Covid-19

Brief Details	The Union territory Of Chandigarh in view of increasing numbers of Covid cases hereby advised to strictly adhere to Covid Appropriate Behaviour at public places.
Change Type	Notification
State	Chandigarh
Effective Date	13-June-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-11-8.pdf

RBI issues a Press Release for Report of the Regulations Review Authority (RRA 2.0)

Brief Details	The Reserve Bank of India issues a Press Release for Report of the Regulations Review Authority (RRA 2.0). The RRA exercise should, going forward, result in clarity, simplification, accessibility and rationalisation in regulatory instructions and returns. [2022-2023/360]
Change Type	Press release
State	Central
Effective Date	13-June-2022
Source	https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR360RRA5163A77799924D18A962B0648D42C64B.PDF

IRDAI issues a Press Release for Reduced compliance burden for insurance companies

Brief Details	The Insurance Regulatory and Development Authority of India issues a Press Release for Reduced compliance burden for insurance companies. It is expected that reduced compliance burden will enable insurers to better focus their efforts and time in reaching out to every Indian with the ultimate goal of improving coverage and penetration.
Change Type	Press release
State	Central
Effective Date	14-June-2022
Source	https://www.irdai.gov.in/ADMINCMS/cms/whatsNew_Layout.aspx?page=PageNo4737&flag=1

BSE issues notice for Standardization of file formats for MII-Member Interface-Primary Market

Brief Details	The Bombay Stock Exchange issues notice for Standardization of file formats for MII-Member Interface-Primary Market. Participants are requested to take note of above and initiate necessary changes in their systems. [20220613-44]
Change Type	Notice
State	Central
Effective Date	13-June-2022
Source	https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220613-44

NCDEX issues Circular for Clarifications on Margin collection & reporting

Brief Details	The National Commodity & Derivatives Exchange Limited issues Circular for Clarifications on Margin collection & reporting. Members are requested to take note of the contents of the circular and are further required to ensure strict compliance in order to avoid any disciplinary actions. [NCDEX/COMPLIANCE-037/2022]
Change Type	Circular
State	Central
Effective Date	14-June-2022
Source	https://ncdex.com/public/uploads/circulars/Clarification_Margin_Reporting_14062022_1655209011.pdf

DOT notifies Extension and Revised guidelines of sub-scheme – Setting up of Digital Communication Innovation Square a sub-scheme under Champion Services Sector Scheme (CSSS)

Brief Details	The Department of Telecommunications notifies Extension and Revised guidelines of sub-scheme – Setting up of Digital Communication Innovation Square a sub-scheme under Champion Services Sector Scheme.
Change Type	Notification
State	Central
Effective Date	14-June-2022
Source	https://bit.ly/3OdTEtp

NSE issues Circular for Standardization of file formats for MII-Member Interface-Primary Markets and CBRICS

Brief Details	The National Stock Exchange of India Limited, issues Circular for Standardization of file formats for MII-Member Interface-Primary Market &CBIRCS. Participants are requested to take note of above and initiate necessary changes in their systems. [11/2022]
Change Type	Circular
State	Central
Effective Date	13-June-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-1-7.pdf

Government of Assam notifies Revision of minimum rate of wages and VDA for domestic workers

Brief Details	The Government of Assam notifies Revision of minimum rate of wages and VDA for domestic workers.
Change Type	Notification
State	Assam
Effective Date	01-Dec-2021
Source	https://bit.ly/3Hllr8Y

IRDAI issues Circular for Solvency Margin for Crop Insurance Business

Brief Details	The Insurance Regulatory and Development Authority of India issues Circular for Solvency Margin for Crop Insurance Business. Insurers to continue follow-up with the Central and State Governments for release of their share of premium.[IRDAI/ACTL/CIR/SLM/122/06/2022]
Change Type	Circular
State	Central
Effective Date	13-June-2022
Source	https://www.irdai.gov.in/ADMINCMS/cms/whatsNew_Layout.aspx?page=PageNo4735&flag=1

MSE issues Circular for Issuance of Electronic Contract Notes (ECN) through SMS/electronic instant messaging services

Brief Details	The Metropolitan Stock Exchange issues Circular for Issuance of Electronic Contract Notes (ECN) through SMS/electronic instant messaging services. Members are requested to take note of the contents of the circular and comply [MSE/INSP/11934/2022]
Change Type	Circular
State	Central
Effective Date	13-June-2022
Source	https://www.msei.in/SX-Content/Circulars/2022/June/Circular-11934.pdf

MSE issues Circular for Standardisation of file formats for MII-Member Interface

Brief Details	The Metropolitan Stock Exchange issues Circular for Standardisation of file formats for MII-Member Interface. Trading Members including Members using API solutions by third party vendors, ISVs as well as back-office vendors are requested to take note of the same and make necessary changes to their systems as per the prescribed format. [MSE/TRD/11935/2022]
Change Type	Circular
State	Central
Effective Date	13-June-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-5-15.pdf

NHB notifies Affordable Housing Fund (AHF)

Brief Details	The National Housing Bank notifies Affordable Housing Fund to provide refinance assistance to PLIs in respect of their individual housing loans to target segments in rural and urban areas.
Change Type	Notification
State	Central
Effective Date	30-June-2022
Source	https://nhb.org.in/wp-content/uploads/2022/06/English.pdf

Government of Punjab notifies Digitalization of Document Execution

Brief Details	The Government of Punjab in exercise of the powers conferred under rule 2(c) read with rule 12 and rule 13 of the Punjab E-Stamp Rules, 2014 hereby notifies Digitalization of Document Execution.
Change Type	Notification
State	Punjab
Effective Date	27-May-2022
Source	https://nesl.co.in/wp-content/uploads/2022/06/Notification_-dt-27-5-22.-Govt.-of-Punjab.pdf

DOT notifies Compliance to amendments in license conditions issued by Department of Telecommunications- Actions to taken by Telecom Service Providers

Brief Details	The Department of Telecommunications notifies Compliance to amendments in license conditions issued by Department of Telecommunications- Actions to taken by Telecom Service Providers.
Change Type	Notification
State	Central
Effective Date	15-June-2022
Source	https://dot.gov.in/sites/default/files/Letter%20dated%2013%20June%202022.pdf

GPCB issues Circular on Implementation of GPS/GIS based Hazardous Waste Vehicle Location Tracking System (VLTS) under Hazardous and Other Wastes (Management and Transboundary Movement) Rules, 2016

Brief Details	The Gujarat Pollution Control Board issues Circular on Implementation of GPS/GIS based Hazardous Waste Vehicle Location Tracking System (VLTS) under Hazardous and Other Wastes (Management and Transboundary Movement) Rules, 2016.
Change Type	Circular
State	Gujarat
Effective Date	10-June-2022
Source	https://gpcb.gujarat.gov.in/uploads/Final_VLTS_Circular.pdf

UT Of Ladakh notifies Union territory of Ladakh Clinical Establishments (Registration and Regulation) Rules, 2022

Brief Details	The Union territory of Ladakh in exercise of the powers conferred by Section 54 of the Clinical Establishments (Registration and Regulation) Act, 2010 hereby makes the following rules, namely the Union territory of Ladakh Clinical Establishments (Registration and Regulation) Rules, 2022.
Change Type	Notification
State	Ladakh
Effective Date	01-June-2022
Source	https://egazette.ladakh.gov.in/WriteReadData/2022/119.pdf

Central Consumer Protection Authority notifies Guidelines for Prevention of Misleading Advertisements and Endorsements for Misleading Advertisements, 2022

Brief Details	The Central Consumer Protection Authority in exercise of the powers conferred by section 18 of the Consumer Protection Act, 2019 hereby issues the following guidelines to provide for the prevention of false or misleading advertisements and making endorsements relating thereto, namely the Guidelines for Prevention of Misleading Advertisements and Endorsements for Misleading Advertisements, 2022. [ADVT.-III/4/Exty./111/2022-23]
Change Type	Notification
State	Central
Effective Date	10-June-2022
Source	https://egazette.nic.in/WriteReadData/2022/236451.pdf

MCA notifies Companies (Appointment and Qualification of Directors) Second Amendment, Rules, 2022

Brief Details	The Ministry of Corporate Affairs in exercise of the powers conferred by section 149 read with section 469 of the Companies Act, 2013 hereby makes the following rules further to amend the Companies (Appointment and Qualification of Directors) Rules, 2014, namely the Companies (Appointment and Qualification of Directors) Second Amendment, Rules, 2022. [F. No. 8/4/2018-CL-I- Part I]
Change Type	Notification
State	Central
Effective Date	10-June-2022
Source	https://egazette.nic.in/WriteReadData/2022/236474.pdf

SEBI notifies Caution to Investors against dealing with unregulated platforms offering Algorithmic Trading

Brief Details	The Securities and Exchange Board of India notifies Caution to Investors against dealing with unregulated platforms offering Algorithmic Trading. [20/2022]
Change Type	Press Release
State	Central
Effective Date	10-June-2022
Source	https://www.sebi.gov.in/media/press-releases/jun-2022/caution-to-investors-against-dealing-with-unregulated-platforms-offering-algorithmic-trading_59672.html

NSE issues Circular for Standardisation of file formats for MII-Member Interface

Brief Details	The National Stock Exchange of India Limited, issues Circular for Standardisation of file formats for MII-Member Interface. Members are advised to take note of the same and initiate necessary changes in their systems. [10/2022]
Change Type	Circular
State	Central
Effective Date	10-June-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-4-13.pdf

NSE issues Circular for Issuance of Electronic Contract Notes (ECN) through SMS/electronic instant messaging services

Brief Details	The National Stock Exchange of India Limited, issues Circular for Issuance of Electronic Contract Notes (ECN) through SMS/electronic instant messaging services. Members are requested to take note of the contents of the circular and comply.
Change Type	Circular
State	Central
Effective Date	10-June-2022
Source	https://archives.nseindia.com/content/circulars/INSP52604.pdf

MCX issues a Circular for New Trading Market Data Interfaces (API’s) – MCX Market Data Interface (MDI) and MCX Enhanced Market Data Interface (EMDI)

Brief Details	The Multi Commodity Exchange issues a Circular for New Trading Market Data Interfaces (API’s) – MCX Market Data Interface (MDI) and MCX Enhanced Market Data Interface (EMDI). [MCX/CTCL/339/2022]
Change Type	Circular
State	Central
Effective Date	10-June-2022
Source	https://bit.ly/3MFB6RC

Government of Haryana notifies public holiday on 19.06.2022 for general election in the state of Haryana

Brief Details	The Government of Haryana notifies public holiday on 19.06.2022 for general election in the state of Haryana for all shops and commercial establishments falling in the jurisdiction of all the wards of 28 Municipal Committees and 18 Municipal Councils.
Change Type	Notification
State	Haryana
Effective Date	19-June-2022
Source	https://storage.hrylabour.gov.in/uploads/labour_laws/Y2022/June/W2/D08/1654662305.PDF

IRDAI issues Circular for Rationalization of regulatory returns and other compliance requirements

Brief Details	The Insurance Regulatory and Development Authority of India issues Circular for Rationalization of regulatory returns and other compliance requirements. [IRDAI/Life/Cir/ Misc/118/6/2022]
Change Type	Circular
State	Central
Effective Date	10-June-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-8-12.pdf

NSDL issues Circular for Amendments to Business Rules of NSDL regarding facility provided to Participants for acceptance of delivery instruction through online portal of Participants

Brief Details	The National Securities Depository Limited issues circular for Amendments to Business Rules of NSDL regarding facility provided to Participants for acceptance of delivery instruction through online portal of Participants. [NSDL/POLICY/2022/082]
Change Type	Circular
State	Central
Effective Date	10-June-2022
Source	https://bit.ly/3HkP6is

DGCA notifies Strict compliance of COVID-19 Protocols at airports and inside the aircraft

Brief Details	The Director General of Civil Aviation notifies Strict compliance of COVID-19 Protocols at airports and inside the aircraft. Appropriate action as per the applicable provisions would be initiated in case of any violation by any airline or any airport operator.
Change Type	Notification
State	Central
Effective Date	08-June-2022
Source	https://www.dgca.gov.in/digigov-portal/jsp/dgca/homePage/viewPDF.jsp?page=topHeader/COVID/Order%2008-06-2022.pdf

FIU notifies Release 1.1 of FINGate 2.0 – reporting formats CTR for Banks and Casinos, NTR for Banks, PTR for Property Registrars

Brief Details	The Financial Intelligence Unit notifies Release 1.1 of FINGate 2.0 – reporting formats CTR for Banks and Casinos, NTR for Banks, PTR for Property Registrars.
Change Type	Notification
State	Central
Effective Date	10-June-2022
Source	https://fiuindia.gov.in/pdfs/quicklinks/FINGate_Release_Alert.pdf

The Government of Karnataka notifies The Essential Commodities Act, 1955 (EC, Act) and the Prevention of Black Marketing and Maintenance of the Essential Commodities Act, 1980 (PBMMSEC Act)

Brief Details	The Government of Karnataka notifies The Essential Commodities Act, 1955 (EC, Act) and the Prevention of Black Marketing and Maintenance of the Essential Commodities Act, 1980 (PBMMSEC Act).
Change Type	Notification
State	Karnataka
Effective Date	10-June-2022
Source	https://erajyapatra.karnataka.gov.in/WriteReadData/2022/4257.pdf

Government of Karnataka notifies COVID-19 Preventive and control measures

Brief Details	The Department of Health and Family Welfare notifies COVID-19 Preventive and control measures. It is hereby directed that the concerned officer/ administrator/ owners shall ensure the implementation of preventive and control measures in the larger interest of public health.
Change Type	Notification
State	Karnataka
Effective Date	10-June-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-13-4.pdf

MCA notifies Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2022.

Brief Details	The Ministry of Corporate Affairs in exercise of the powers conferred by sub-sections (1), (2) and (4) of section 248 read with section 469 of the Companies Act, 2013 hereby makes the following rules further to amend the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016 , namely Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2022. [F.No.1/28/2013-CL-V(Part)]
Change Type	Notification
State	Central
Effective Date	09-June-2022
Source	https://egazette.nic.in/WriteReadData/2022/236437.pdf

Ministry of Commerce and Industry notifies Amendments in Chapter 5 of the Handbook of Procedures 2015-20

Brief Details	The Ministry of Commerce and Industry notifies Amendments in Chapter 5 of the Handbook of Procedures 2015-20, related to Export Promotion Capital Goods Scheme to reduce ‘Compliance Burden’ and enhance ‘Ease of doing Business’.
Change Type	Notification
State	Central
Effective Date	09-June-2022
Source	https://egazette.nic.in/WriteReadData/2022/236443.pdf

RBI notifies Payments Infrastructure Development Fund (PIDF) – Status Update

Brief Details	The Reserve Bank of India notifies Payments Infrastructure Development Fund (PIDF) – Status Update. All eligible installations since the inception of the Scheme may prefer claims under the revised Scheme. [2022-2023/345]
Change Type	Press Release
State	Central
Effective Date	09-June-2022
Source	https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR34566318695948E4263A9CF5BF079E0C0A3.PDF

RBI notifies Discontinuation of Return under Foreign Exchange Management Act, 1999

Brief Details	The Reserve Bank of India, in exercise of powers conferred under Section 10(4) and 11(2) of the Foreign Exchange Management Act, 1999 (42 of 1999) notifies Discontinuation of Return under Foreign Exchange Management Act, 1999. [RBI/2022-23/69]
Change Type	Notification
State	Central
Effective Date	09-June-2022
Source	https://rbidocs.rbi.org.in/rdocs/notification/PDFs/NT69AFCE5E7AFB7A45C48AFFB35274649B24.PDF

RBI updates Master Direction on Reporting under Foreign Exchange Management Act, 1999

Brief Details	The Reserve Bank of India updates Master Direction on Reporting under Foreign Exchange Management Act, 1999. The Reserve Bank, therefore, has prescribed various reports and forms under FEMA to be submitted by/ through Authorised Persons/ Authorised Dealer Category – I Banks/ Authorised Banks. [RBI/FED/2015-16/13]
Change Type	Master Direction
State	Central
Effective Date	09-June-2022
Source	https://rbidocs.rbi.org.in/rdocs/notification/PDFs/13MDRD77DCF42C4E64B6C9A83C24EF5D4E188.PDF

SEBI issues Circular on Modification in Cyber Security and Cyber Resilience Framework of Mutual Funds/ Asset Management Companies (AMCs)

Brief Details	The Securities and Exchange Board of India issues Circular on Modification in Cyber Security and Cyber Resilience Framework of Mutual Funds/ Asset Management Companies (AMCs). This circular protect the interests of investors in securities and to promote the development of, and to regulate the securities market. [SEBI/HO/IMD/DOF2/P/CIR/2022/81]
Change Type	Circular
State	Central
Effective Date	15-July-2022
Source	https://bit.ly/3HeEUrR

CBDT notifies Compliance Check Functionality for Section 206AB & 206CCA of Income-tax Act 1961

Brief Details	The Central Board of Direct Taxes notifies Compliance Check Functionality for Section 206AB & 206CCA of Income-tax Act 1961 to facilitate tax deductors/collectors to verify if a person is a “Specified person” as per section 206AB & 206CCA.
Change Type	Notification
State	Central
Effective Date	09-June-2022
Source	https://www.incometaxindia.gov.in/communications/notification/notification-no-01-of-2022.pdf

Government of Andhra Pradesh notifies Andhra Pradesh Labour Welfare Fund Act, 1987

Brief Details	The Government of Andhra Pradesh, in exercise of the powers conferred under sub-section (1) of section 37 of the Andhra Pradesh Labour Welfare Fund Act, 1987 hereby make the following amendment to the Andhra Pradesh Labour Welfare Fund Rules, 1988.
Change Type	Notification
State	Andhra Pradesh
Effective Date	08-June-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-8-11.pdf

CDSL notifies Discontinuation of Old Technology Modules

Brief Details	The Central Depository Services (India) Limited notifies Discontinuation of Old Technology Modules. DPs are requested to use new technology modules.
Change Type	Notification
State	Central
Effective Date	09-June-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-9-12.pdf

NCDEX issues Circular for Standardization of file formats – Clearing and Settlement

Brief Details	The National Commodity & Derivatives Exchange Limited issues Circular for Standardization of file formats – Clearing and Settlement. Members are requested to take note of the same and advised to initiate necessary changes in their systems. [NCCL/CLEARING-022/2022]
Change Type	Circular
State	Central
Effective Date	09-June-2022
Source	https://bit.ly/3QgncbK

RBI updates Master Direction on External Commercial Borrowings, Trade Credits and Structured Obligations

Brief Details	The Reserve Bank of India updates Master Direction on External Commercial Borrowings, Trade Credits and Structured Obligations. It has been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999). [RBI/FED/2018-19/67]
Change Type	Master Direction
State	Central
Effective Date	09-June-2022
Source	https://rbidocs.rbi.org.in/rdocs/notification/PDFs/5MD2603201979CA1390E9E546869B2A9A92614DEDBF.PDF

Government of Tamil Nadu notifies amendment to the Tamil Nadu Manual Workers (Construction Workers) Welfare Scheme, 1994

Brief Details	The Government of Tamil Nadu in exercise of the powers conferred by Section 4 of the Tamil Nadu Manual Workers (Regulation of Employment and Conditions of Work) Act, 1982 amends the Tamil Nadu Manual Workers (Construction Workers) Welfare Scheme,1994
Change Type	Notification
State	Tamil Nadu
Effective Date	30-May-2022
Source	http://www.stationeryprinting.tn.gov.in/extraordinary/2022/310_Ex_II_2.pdf

MOHFW notifies Assisted Reproductive Technology (Regulation) Rules, 2022

Brief Details	The Ministry of Health and Family Welfare, in exercise of the powers conferred by section 42 of the Assisted Reproductive Technology (Regulation) Act, 2021 hereby makes the following rules, namely the Assisted Reproductive Technology (Regulation) Rules, 2022.
Change Type	Notification
State	Central
Effective Date	08-June-2022
Source	https://egazette.nic.in/WriteReadData/2022/236395.pdf

RBI notifies Enhancement in Individual Housing Loan limits and credit to Commercial Real Estate – Residential Housing (CRE-RH)

Brief Details	The Reserve Bank of India notifies Enhancement in Individual Housing Loan limits and credit to Commercial Real Estate – Residential Housing (CRE-RH). It has been decided to revise the limits on residential housing loans sanctioned by rural co-operative banks to an individual borrower. Further, it has been decided to allow StCBs and DCCBs to extend finance to Commercial Real Estate-Residential Housing (CRE-RH) within the existing aggregate housing finance limit of 5% of their total assets. [RBI/2022-23/67]
Change Type	Notification
State	Central
Effective Date	08-June-2022
Source	https://rbidocs.rbi.org.in/rdocs/notification/PDFs/67RCBCRERH6CC4B8D3644744EA8773889B8AA67615.PDF

RBI notifies Liquidity Adjustment Facility – Change in rates

Brief Details	The Reserve Bank of India issues a Notification for Liquidity Adjustment Facility – Change in rates. It has been decided by the Monetary Policy Committee (MPC) to increase the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 4.40 per cent to 4.90 per cent with immediate effect. Consequently, the standing deposit facility (SDF) rate and marginal standing facility (MSF) rate stand adjusted to 4.65 per cent and 5.15 per cent respectively, with immediate effect. [RBI/2022-23/63]
Change Type	Notification
State	Central
Effective Date	08-June-2022
Source	https://rbidocs.rbi.org.in/rdocs/notification/PDFs/RATEHIKE88756231362A4471BC8A3DE27DE0DA39.PDF

RBI notifies Standing Liquidity Facility for Primary Dealers

Brief Details	The Reserve Bank of India issues a Notification for Standing Liquidity Facility for Primary Dealers. Wherein the policy repo rate under the Liquidity Adjustment Facility (LAF) has been increased by 50 basis points from 4.40 per cent to 4.90 per cent with immediate effect. Accordingly, the Standing Liquidity Facility provided to Primary Dealers (PDs) (collateralised liquidity support) from the Reserve Bank would be available at the revised repo rate of 4.90 per cent with effect from June 8, 2022 [RBI/2022-23/64]
Change Type	Notification
State	Central
Effective Date	08-June-2022
Source	https://rbidocs.rbi.org.in/rdocs/notification/PDFs/NT6476BBA3E853F94695AA0D4DD51D4EE3B1.PDF

RBI notifies Change in Bank Rate

Brief Details	The Reserve Bank of India notifies Change in Bank Rate. The Bank Rate is revised upwards by 50 basis points from 4.65 per cent to 5.15 per cent with immediate effect. [RBI/2022-23/65]
Change Type	Notification
State	Central
Effective Date	08-June-2022
Source	https://rbidocs.rbi.org.in/rdocs/notification/PDFs/NT65B69D41D563B74FE6AF2A944F3E37EBF7.PDF

RBI notifies Section 23 of the Banking Regulation Act, 1949 – Doorstep Banking

Brief Details	The Reserve Bank of India notifies Section 23 of the Banking Regulation Act, 1949 – Doorstep Banking. It has been decided to allow financially sound and well managed (FSWM) UCBs to provide Doorstep Banking Services to their customers on a voluntary basis. However, Non-FSWM UCBs would have to seek prior approval of concerned Regional Office of Department of Supervision of the Reserve Bank to provide Doorstep Banking Services. [RBI/2022-23/66]
Change Type	Notification
State	Central
Effective Date	08-June-2022
Source	https://rbidocs.rbi.org.in/rdocs/notification/PDFs/NOT6606776D5D132A4C0C9C450A28AB15BC34.PDF

RBI notifies Individual Housing loans – Enhancement in limits

Brief Details	The Reserve Bank of India notifies Individual Housing loans – Enhancement in limits. It has been decided to revise the limits on individual housing loans sanctioned by urban co-operative banks to an individual borrower.
Change Type	Notification
State	Central
Effective Date	08-June-2022
Source	https://rbidocs.rbi.org.in/rdocs/notification/PDFs/68UCBHOUSINGLOANDE90654D2B0844A58C0C638E70B9008A.PDF

MCX issues circular for Issuance of Electronic Contract Notes (ECN) through SMS/electronic instant messaging services

Brief Details	The Multi Commodity Exchange issues Circular for Issuance of Electronic Contract Notes (ECN) through SMS/electronic instant messaging services. Members are requested to take note of the above and comply with applicable regulatory requirements. [MCX/INSP/337/2022]
Change Type	Circular
State	Central
Effective Date	08-June-2022
Source	https://www.mcxindia.com/docs/default-source/circulars/english/2022/june/circular-337-2022.pdf?sfvrsn=16831391_0

Government of Tamil Nadu notifies shops and establishment to function 24 hours under Tamil Nadu shops and Establishment Act, 1947

Brief Details	The Government of Tamil Nadu in exercise of the powers conferred by section 6 of the Tamil Nadu Shops and Establishments Act, 1947 hereby exempts all shops and establishments employing 10 or more persons, from the provisions of sub-section (1) of section 7 and sub-section (1) of section 13 of the said Act and permits to keep open for 24×7 on all days of the year, for a period of three years with effect from 05.06.2022, until it is revoked, subject to certain conditions.
Change Type	Notification
State	Tamil Nadu
Effective Date	05-June-2022
Source	http://www.stationeryprinting.tn.gov.in/extraordinary/2022/317_Ex_II_2.pdf

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) Regulation; (ii) Financial Markets; and (iii) Payment and Settlement systems. [2022-2023/334]
Change Type	Press Release
State	Central
Effective Date	08-June-2022
Source	https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR334FA21FB99132C4AD0BF67B8F3933BCEC3.PDF

DGFT notifies Amendments in Para 2 (b)(i) of the Guidelines For Applicants under ANF 4F of Handbook of Procedures 2015 2020

Brief Details	The Directorate General of Foreign Trade, in exercise of the powers conferred under Paragraph 1.03 and 2.04 of the Foreign Trade Policy 2015-2020 hereby amends Para 2 (b)(i) of the Guidelines For Applicants under ANF-4F of Handbook of Procedures 2015-2020 to simplify the procedure and reduce the compliance burden for applying EODC in case of deemed exports.
Change Type	Notification
State	Central
Effective Date	07-June-2022
Source	https://egazette.nic.in/WriteReadData/2022/236370.pdf

BIS notifies amendment in some of the Indian Standards w.r.t Healthcare Products

Brief Details	The Bureau of Indian Standards notifies in pursuance of Sub-rule (1) of Rule (15) of the Bureau of Indian Standards Rules, 2018 w.r.t Healthcare Products. [ADVT.-III/4/Exty./106/2022-23]
Change Type	Notification
State	Central
Effective Date	07-June-2022
Source	https://egazette.nic.in/WriteReadData/2022/236361.pdf

RBI updates Master Direction on Acquisition and Transfer of Immovable Property under Foreign Exchange Management Act, 1999

Brief Details	The Reserve Bank of India updates Master Direction on Acquisition and Transfer of Immovable Property under Foreign Exchange Management Act, 1999. [RBI/FED/2015-16/7]
Change Type	Master Direction
State	Central
Effective Date	06-June-2022
Source	https://rbidocs.rbi.org.in/rdocs/notification/PDFs/07MIP0101168C51C4CB845342D09E8A4A613B1F1C6D.PDF

SEBI issues Circular for Modification in Cyber Security and Cyber resilience framework for Stock Brokers / Depository Participants

Brief Details	The Securities and Exchange Board of India issues Circular for the Modification in Cyber Security and Cyber resilience framework for Stock Brokers / Depository Participants. This circular is being issued to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. [SEBI/HO/MIRSD/TPD/P/CIR/2022/80]
Change Type	Circular
State	Central
Effective Date	07-June-2022
Source	https://bit.ly/3MzaGAS

BSE notifies Guidance note for filing intimations w.r.t. Insolvency and Bankruptcy Code (IBC) / Inter-Creditors Agreement (ICA)

Brief Details	The Bombay Stock Exchange issues notice on the Guidance note for filing intimations w.r.t. Insolvency and Bankruptcy Code (IBC) / Inter-Creditors Agreement (ICA). [20220607-10]
Change Type	Notice
State	Central
Effective Date	07-June-2022
Source	https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220607-10

CDSCO notifies Classification of Medical Devices pertaining to Obstetrical and Gynecological under the provisions of Medical Devices Rules, 2017

Brief Details	The Central Drugs Standard Control Organisation notifies Classification of Medical Devices pertaining to Obstetrical and Gynecological under the provisions of Medical Devices Rules, 2017. The medical devices, based on the intended use, risk associated with the devices and other parameters. [29/Misc./03/2020-DC (181)]
Change Type	Notification
State	Central
Effective Date	03-June-2022
Source	https://cdsco.gov.in/opencms/opencms/system/modules/CDSCO.WEB/elements/download_file_division.jsp?num_id=ODU0OA==

CBDT notifies sub section (8A) of section 9A of the Income tax Act, 1961

Brief Details	The Central Board of Direct Taxes notifies sub-section (8A) of section 9A of the Income-tax Act, 1961. [59/2022/F. No. 370142/11/2022-TPL]
Change Type	Notification
State	Central
Effective Date	06-June-2022
Source	https://egazette.nic.in/WriteReadData/2022/236351.pdf

RBI notifies Provisioning for Standard assets by Non-Banking Financial Company – Upper Layer

Brief Details	The Reserve Bank of India notifies Provisioning for Standard assets by Non-Banking Financial Company – Upper Layer. It has been decided that NBFCs classified as NBFC-UL shall maintain provisions in respect of ‘standard’ assets at the following rates for the funded amount outstanding.
Change Type	Notification
State	Central
Effective Date	01-October-2022
Source	https://rbidocs.rbi.org.in/rdocs/notification/PDFs/NOTI61BBAF63FB732E4C46A8149975C0481D34.PDF

MSE issues Circular for Investor Grievance Redressal Mechanism

Brief Details	The Metropolitan Stock Exchange issues Circular for Investor Grievance Redressal Mechanism. Members and Market Participants are requested to take note of the contents of the circular and comply accordingly. [MSE/ISC/11898/2022]
Change Type	Circular
State	Central
Effective Date	06-June-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-3-13.pdf

Government of Haryana notifies Standard Operating Procedures for various Manufacturing Processes in the Factories

Brief Details	The Government of Haryana notifies Standard Operating Procedures for various Manufacturing Processes in the Factories. All the Factory Owners/ Stake Holders are advised to carry out their manufacturing process safely and in accordance with these Standard Operating Procedures (SOPs).
Change Type	Notification
State	Haryana
Effective Date	01-June-2022
Source	https://storage.hrylabour.gov.in/uploads/labour_laws/Y2022/June/W1/D02/1654145717.pdf

BSE notifies Standardization of Clearing and Settlement file formats

Brief Details	The Bombay Stock Exchange issues notice on the Standardization of Clearing and Settlement file formats. Indian Clearing Corporation Ltd (ICCL) shall provide files in standardized format along with existing format for a specified time and subsequently the files in existing formats shall be discontinued and the new files in standardized formats shall only be provided. [20220603-61]
Change Type	Notice
State	Central
Effective Date	03-June-2022
Source	https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220603-61

NCDEX issues Circular for Issuance of Electronic Contract Notes (ECN) through SMS/electronic instant messaging services

Brief Details	The National Commodity & Derivatives Exchange Limited issues Circular for Issuance of Electronic Contract Notes (ECN) through SMS/electronic instant messaging services. Members are requested to take note of the contents of the circular and comply. [NCDEX/COMPLIANCE-036/2022]
Change Type	Circular
State	Central
Effective Date	06-June-2022
Source	https://ncdex.com/public/uploads/circulars/ECN_06062022_1654517770.pdf

IRDAI issues Circular for Launching of self-deactivation facility over IIB’ s ENVOY portal

Brief Details	The Insurance Regulatory and Development Authority of India issues Circular on Launching of self-deactivation facility over IIB’ s ENVOY portal. Insurers and Intermediaries were required to share information pertaining to all fresh enrolments and terminations over ENVOY hosted at IIB. [IRDAI/INT/MISC/CIR/113/6/2022]
Change Type	Circular
State	Central
Effective Date	08-June-2022
Source	https://www.irdai.gov.in/ADMINCMS/cms/whatsNew_Layout.aspx?page=PageNo4729&flag=1

Government of Telangana issues an order for Telangana Haritha Nidhi (Telangana Green Fund) – Contribution to Telangana Green Fund from Principal Employer and Contractors of Business entities at the time of issuing Registration Certificates and Renewals under Labour enactments

Brief Details	The Government of Telangana issues an order for Telangana Haritha Nidhi (Telangana Green Fund) – Contribution to Telangana Green Fund from Principal Employer and Contractors of Business entities at the time of issuing Registration Certificates and Renewals under Labour enactments.
Change Type	Order
State	Central
Effective Date	01-April-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-8-10.pdf

SEBI issues Circular for Investor Redressal Grievance Mechanism

Brief Details	The Securities and Exchange Board of India issues Circular for Investor Redressal Grievance Mechanism. This circular is being issued to protect the interests of investors in securities and to promote the development of, and to regulate the securities market and shall come into effect from July 1, 2022. [SEBI/HO/MIRSD/DOS3/P/CIR/2022/78]
Change Type	Circular
State	Central
Effective Date	01-July-2022
Source	https://www.sebi.gov.in/legal/circulars/jun-2022/investor-redressal-grievance-mechanism_59521.html

SEBI issues Circular for Extension of facility for conducting annual meeting and other meetings of unitholders of REITs and InvITs through Video Conferencing (VC) or through Other Audio-Visual means (OAVM)

Brief Details	The Securities and Exchange Board of India issues Circular for the Extension of facility for conducting annual meeting and other meetings of unitholders of REITs and InvITs through Video Conferencing (VC) or through Other Audio-Visual means (OAVM). [SEBI/HO/DDHS/DDHS_Div2/P/CIR/2022/079]
Change Type	Circular
State	Central
Effective Date	31-Dec-2022
Source	https://bit.ly/3Q3fdP1

CBDT issues Circular for Clarification regarding Form No 10AC issued till the date of this Circular – reg

Brief Details	The Central Board of Direct Taxes issues Circular for Clarification regarding Form No 10AC issued till the date of this Circular. [11/2022]
Change Type	Circular
State	Central
Effective Date	01-April-2022
Source	https://www.incometaxindia.gov.in/communications/circular/circular_11_2022.pdf

NSE issues Circular for Application Programming Interface (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. [40/2022]
Change Type	Circular
State	Central
Effective Date	25-June-2022
Source	https://archives.nseindia.com/content/circulars/INSP52509.pdf

FSSAI issues an Order for Extension of Last Date for online submission of annual returns for the FY 2021-2022

Brief Details	The Food Safety and Standards Authority of India issues an Order for Extension of Last Date for online submission of annual returns for the FY 2021-2022.
Change Type	Order
State	Central
Effective Date	30-June-2022
Source	https://www.fssai.gov.in/upload/advisories/2022/06/629cbbf413763Order_Extension_Annual_Return_05_06_2022-compressed.pdf

EPFO notifies Declaration Of Rate Of Interest For The Employees’ Provident Fund Member Account For The Year 2021-22

Brief Details	The Employees’ Provident Fund Organisation notifies 8.10% as the rate to credit interest to the account of each member of the Employees’ Provident Fund Scheme, 1952, for the year 2021-22. [INV-11/2/2021-INV/4670]
Change Type	Notification
State	Central
Effective Date	03-June-2022
Source	https://www.epfindia.gov.in/site_docs/PDFs/Circulars/Y2022-2023/ROI_FY_2021-22_03062022.pdf

MSE issues Circular for Application Programming Interface (API) for Weekly submission of Holding Statement, Cash and Cash Equivalent Balances and Bank Balances

Brief Details	The Metropolitan Stock Exchange issues Circular for Application Programming Interface (API) for Weekly submission of Holding Statement, Cash and Cash Equivalent Balances and Bank Balances. All Members are advised to comply. [MSE/INSP/11897/2022]
Change Type	Circular
State	Central
Effective Date	25-June-2022
Source	https://www.msei.in/SX-Content/Circulars/2022/June/Circular-11897.pdf

TRAI notifies Implementation plan – New Regulatory Framework 2020

Brief Details	The Telecom Regulatory Authority of India notifies Implementation plan – New Regulatory Framework 2020. [RG-8N(9}/2021-B AND CS(l AND 3)]
Change Type	Notification
State	Central
Effective Date	30-November-2022
Source	https://www.trai.gov.in/sites/default/files/Implementation_03062022_1.pdf

IRDAI issues Circular for Public Disclosures by FRBs/Lloyd’s India

Brief Details	The Insurance Regulatory and Development Authority of India issues Circular on Public Disclosures by FRBs/Lloyd’s India. [IRDAI/REIN/CIR/MISC/112/6/2022]
Change Type	Circular
State	Central
Effective Date	03-June-2022
Source	https://www.irdai.gov.in/ADMINCMS/cms/whatsNew_Layout.aspx?page=PageNo4727&flag=1

Government of Goa notifies fee for authorization under Bio-Medical Waste Management Rules, 2016

Brief Details	The Government of Goa notifies fees for consideration of authorization of the units handling biomedical waste.
Change Type	Notification
State	Goa
Effective Date	03-June-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-10-12.pdf

GSTN notifies additional 6% online tax rate to GSTR-1

Brief Details	The Goods and Services Tax Network (GSTN) notifies additional 6% tax rate in the item details section of all the tables of form GSTR-1, except HSN table 12.
Change Type	Notification
State	Central
Effective Date	01-June-2022
Source	https://www.gst.gov.in/newsandupdates/read/543

Ministry of Road Transport and Highways notifies Central Motor Vehicles (Ninth 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 following rules further to amend the Central Motor Vehicles Rules, 1989, namely the Central Motor Vehicles (Ninth Amendment) Rules, 2022.
Change Type	Notification
State	Central
Effective Date	02-June-2022
Source	https://egazette.nic.in/WriteReadData/2022/236250.pdf

SEBI issues Circular for Procedure for seeking prior approval for change in control of Portfolio Managers

Brief Details	The Securities and Exchange Board of India issues Circular for the Procedure for seeking prior approval for change in control of Portfolio Managers. This circular is issued to protect the interests of investors in securities market and to promote the development of, and to regulate the securities market. [ SEBI/HO/IMD-I/DOF1/P/CIR/2022/77]
Change Type	Circular
State	Central
Effective Date	15-June-2022
Source	https://bit.ly/3mckWEE

MCX issues Circular for MCX File Formats

Brief Details	The Multi Commodity Exchange issues Circular for MCX File Formats. Members are advised to incorporate necessary changes in their back office software as mentioned in the change history of the enclosed document. [MCX/TECH/325/2022]
Change Type	Circular
State	Central
Effective Date	02-June-2022
Source	https://www.mcxindia.com/docs/default-source/circulars/english/2022/june/circular-325-2022.pdf?sfvrsn=45de1291_0

Government of Haryana notifies Instruction regarding processing of applications for registration in FORM GST REG 01

Brief Details	The Government of Haryana notifies Instruction regarding processing of applications for registration in FORM GST REG 01. All applicants for registration are to be processed in accordance with provision laid down in Section 25 and Rules framed there under.
Change Type	Notification
State	Haryana
Effective Date	24-May-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-4-12.pdf

NSE issues Circular for Standardization of Clearing and Settlement file formats

Brief Details	The National Stock Exchange of India Limited, issues Circular Standardization of Clearing and Settlement file formats. NCL shall provide files in standardised format along with existing format for a specified time and subsequently the files in old formats shall be discontinued and the new files in standardised formats shall only be provided. [0177/2022]
Change Type	Circular
State	Central
Effective Date	01-June-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-5-14.pdf

IRDAI notifies Guidelines for Use and file procedure for all categories of products under health insurance business – reg

Brief Details	The Insurance Regulatory and Development Authority of India notifies Guidelines for Use and file procedure for all categories of products under health insurance business. All categories of products and add-ons or riders to be introduced or modified / revised under health insurance business and offered by General and Health Insurance Companies are permitted to be launched through “Use and File” by duly complying with the following norms. [IRDAI/HLT/REG/CIR/108/06/2022]
Change Type	Notification
State	Central
Effective Date	01-June-2022
Source	https://www.irdai.gov.in/ADMINCMS/cms/whatsNew_Layout.aspx?page=PageNo4722&flag=1

Ministry of Commerce and Industry notifies Alignment of Appendix 4R with the Finance Act, 2022 with effect from 01.05.2022

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 notifies an Appendix 4R which is aligned with the Finance Act, 2022. This Appendix 4R shall be effective from 01.05.2022. [F. No. 01/61/180/155/AM21/PC-3]
Change Type	Notification
State	Central
Effective Date	01-May-2022
Source	https://egazette.nic.in/WriteReadData/2022/236212.pdf

MCA notifies Companies (Appointment and Qualification of Directors) Amendment Rules, 2022

Brief Details	The Ministry of Corporate Affairs in exercise of the powers conferred under the Companies Act, 2013 hereby makes the following rules further to amend the Companies (Appointment and Qualification of Directors) Rules, 2014, namely the Companies (Appointment and Qualification of Directors) Amendment Rules, 2022. [F. No. 1/22/2013-CL-V]
Change Type	Notification
State	Central
Effective Date	01-June-2022
Source	https://egazette.nic.in/WriteReadData/2022/236214.pdf

RBI notifies Master Direction on Reserve Bank of India (Variation Margin) Directions, 2022

Brief Details	The Reserve Bank of India in exercise of the powers conferred under section 45W of the Reserve Bank of India Act, 1934 read with section 45U of the Act hereby issues the following Directions. These Directions shall be called the Master Direction – Reserve Bank of India (Variation Margin) Directions, 2022.
Change Type	Master Direction
State	Central
Effective Date	01-December- 2022
Source	https://rbidocs.rbi.org.in/rdocs/notification/PDFs/93MDVARIATIONMARGIN29E1715A212F48B89160C223B91ABF74.PDF

BSE Notifies the Standardization of Exchange to Member Interface for End of Day Files – Equity Segment

Brief Details	The Bombay Stock Exchange (BSE) issues notice on the Standardization of Exchange to Member Interface for End of Day Files – Equity Segment. Trading Members, empanelled trading application vendors (using ETI APIs) as well as back-office vendors are requested to take note of the same and make necessary changes to their respective front office and back-office systems. [20220531-44]
Change Type	Notice
State	Central
Effective Date	13-May-2022
Source	https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220531-44

DOT issues an Order for NOCC charges for use of space segment – Reg

Brief Details	The Department of Telecommunications issues an order on removal of NOCC charges for using space segment. It is applicable only for telecom licensees providing Satellite Based communication service.
Change Type	Order
State	Central
Effective Date	01-June-2022
Source	https://dot.gov.in/sites/default/files/DoT%20order%20dated%201%20June%202022.pdf

Government of Tamil Nadu notifies the Tamil Nadu Panchayats (Amendment) Act, 2022

Brief Details	The Government of Tamil Nadu amends the Tamil Nadu Panchayats Act, 1994 namely the Tamil Nadu Panchayats (Amendment) Act, 2022.
Change Type	Notification
State	Tamil Nadu
Effective Date	26-May-2022
Source	http://www.stationeryprinting.tn.gov.in/extraordinary/2022/304_Ex_IV_2-E.pdf

BSE issues notice for Penalty/Disciplinary action for delay in submission of Internal Audit Report and adverse observations in the Internal Audit Report

Brief Details	The Bombay Stock Exchange issues notice for Penalty/Disciplinary action for delay in submission of Internal Audit Report and adverse observations in the Internal Audit Report with an objective to improve regulatory compliances. Trading Members are advised to take note and comply with the guidelines. [20220601-52]
Change Type	Notice
State	Central
Effective Date	01-July-2022
Source	https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220601-52

Ministry of Labour and Employment notifies increase of All-India Consumer Price Index for Industrial Workers by 1.7 points for April, 2022

Brief Details	The Ministry of Labour and Employment notifies increase of All-India Consumer Price Index for Industrial Workers by 1.7 points for April, 2022. The All-India CPI-IW for April, 2022 increased by 1.7 points and stood at 127.7. [Release ID: 1829810]
Change Type	Notification
State	Central
Effective Date	31-May-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-8-9.pdf

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

Brief Details	The Central Board of Direct Taxes in exercise of the powers conferred by sub-section (1) of section 245W read with section 295 of the Income-tax Act, 1961 hereby makes the following rules further to amend the Income-tax Rules, 1962, namely the Income-tax (Sixteenth Amendment) Rules, 2022. [F. No. 57/2022/ F. No. 370142/31/2021-TPL(Part III)]
Change Type	Notification
State	Central
Effective Date	31-May-2022
Source	https://egazette.nic.in/WriteReadData/2022/236149.pdf

MCA notifies Companies (Accounts) Third Amendment Rules, 2022

Brief Details	The Ministry of Corporate Affairs in exercise of the powers conferred under the Companies Act, 2013 hereby makes the following rules further to amend the Companies (Accounts) Rules, 2014, namely the Companies (Accounts) Third Amendment Rules, 2022. [F. No. 1/19/2013-CL-V-Part III]
Change Type	Notification
State	Central
Effective Date	31-May-2022
Source	https://egazette.nic.in/WriteReadData/2022/236165.pdf

MCA issues Circular for Relaxation in paying additional fees in case of delay in filling all the event based e-forms by LLPs which are due on and after 25th February, 2022 to 31st May, 2022 up to 30th June,2022

Brief Details	The Ministry of Corporate Affairs issues Circular for Relaxation in paying additional fees in case of delay in filling all the event based e-forms by LLPs which are due on and after 25th February, 2022 to 31st May, 2022 up to 30th June,2022.
Change Type	Circular
State	Central
Effective Date	30-June-2022
Source	https://www.mca.gov.in/bin/dms/getdocument?mds=xVZAKAA2Ap%252B7ha8Y%252FML4fw%253D%253D&type=open

RBI notifies Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit – Extension

Brief Details	The Reserve Bank of India notifies Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit – Extension. Government has issued a clarification that the extended IES will be available to such beneficiaries for segments other than for which they have availed of PLI benefits.
Change Type	Notification
State	Central
Effective Date	01-October- 2021
Source	https://rbidocs.rbi.org.in/rdocs/notification/PDFs/NOTI60600B7BF138FC4635B68F235556844A6F.PDF

NSE issues Circular for Introduction of new module to update NSEIL CDS instruments on ENIT – New Compliance

Brief Details	The National Stock Exchange of India Limited, issues Circular for Introduction of new module to update NSEIL CDS instruments on ENIT – New Compliance for the purpose of adding, renewing, substituting instruments given toward NSEIL IFSD in CD segment. [34/2022]
Change Type	Circular
State	Central
Effective Date	31-May- 2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-5-13.pdf

MCX issues Circular for Registration on FIU-IND’S FINnet Gateway

Brief Details	The Multi Commodity Exchange issues Circular for fresh registration of the Reporting Entities (REs) in FINnet 2.0 system from January 19, 2022. All Reporting Entities (REs) registered in FINnet 1.0 are required to re-register themselves in FINnet 2.0 module. [MCX/MEM/322/2022]
Change Type	Circular
State	Central
Effective Date	19-January-2022
Source	https://www.mcxindia.com/docs/default-source/circulars/english/2022/may/circular-322-2022.pdf?sfvrsn=ea661191_0

FSSAI issues an Order for Revised SOP for applying + F Endorsement certificate for Fortified Food products in FoSCoS- reg

Brief Details	The Food Safety and Standards Authority of India issues an Order for Revised SOP for applying + F Endorsement certificate for Fortified Food products in FoSCoS as per the Food Safety and Standards (Fortification of Food) First Amendment Regulations, 2020.
Change Type	Order
State	Central
Effective Date	31-May-2022
Source	https://www.fssai.gov.in/upload/advisories/2022/05/6295fef496d87Revised_SOP_Fortified_Food_31_05_2022_.pdf

BSE issues notice for Discontinuation of usage of pool accounts for transactions in units of mutual funds on BSE StAR MF Platform

Brief Details	The Bombay Stock Exchange issues notice for on Discontinuation of usage of pool accounts for transactions in units of mutual funds on BSE StAR MF Platform which was issued by BSE. BSE requested all its members to note that, as per the clarification received from RTA, Two Factor Authentication (2FA) process for SWP registration shall be revised. 2FA shall be carried out at the time of initial registration of SWP. [Notice No. 20220527-16]
Change Type	Notice
State	Central
Effective Date	27-May-2022
Source	https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220527-16

CDSL notifies Submission of Annual System Audit Report

Brief Details	The Central Depository Services (India) Limited notifies the submission of annual system audit report. DPs are required to ensure compliance by submitting the system audit report to CDSL on or before 30th June 2022. [CDSL/A,I&C/DP/POLCY/2022/298]
Change Type	Notification
State	Central
Effective Date	30-June-2022
Source	https://www.ricago.com/wp-content/uploads/2022/06/Attachment-9-11.pdf

NCDEX issues Circular for Registration of the Reporting Entities (Res) on FINnet 2.0 system

Brief Details	The National Commodity & Derivatives Exchange Limited issues Circular for Registration of the Reporting Entities (Res) on FINnet 2.0 system. All REs registered in FINnet 1.0 are required to re-register themselves in FINnet 2.0 module. [NCDEX/COMPLIANCE-034/2022]
Change Type	Circular
State	Central
Effective Date	31-May-2022
Source	https://bit.ly/3GCU1uR

MCA issues Circular Micro Finance/Micro Credit as an Object in the Object Clause of MOA of Section 8 companies registered under the CA 2013-clarification

Brief Details	The Ministry of Corporate Affairs issues Circular for Micro Finance/Micro Credit as an Object in the Object Clause of MOA of Section 8 companies registered under the CA 2013- clarification
Change Type	Circular
State	Central
Effective Date	30-May-2022
Source	https://www.mca.gov.in/bin/dms/getdocument?mds=pjROvSy%252FgkUSNcnWQyTUxQ%253D%253D&type=open

CBIC notifies exemption of deposits to all classes of persons and goods

Brief Details	The Central Board of Indirect Taxes and Customs In exercise of the powers conferred by sub-section (4) of section 51A of the Customs Act, 1962 hereby exempts the deposits pertaining to all classes of persons and all categories of goods, from the provisions of the said section 51A. [F.No.442/02/2017-Cus IV(Pt)]
Change Type	Notification
State	Central
Effective Date	01-June-2022
Source	https://egazette.nic.in/WriteReadData/2022/236161.pdf

Ministry of Labour and Employment notifies Implementation of ESI Act in Bajali district of Assam

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 1st day of June, 2022, as the date on which the provisions of the said Act shall come into force in all the areas of Bajali district in the State of Assam.
Change Type	Notification
State	Assam
Effective Date	01-June-2022
Source	https://egazette.nic.in/WriteReadData/2022/236126.pdf

RBI updates Master Direction on Import of Goods and Services

Brief Details	The Reserve Bank of India updates Master Direction on Import of Goods and Services. [RBI/FED/2016-17/12] [FED Master Direction No. 17/2016-17]
Change Type	Notification
State	Central
Effective Date	31-May-2022
Source	https://rbidocs.rbi.org.in/rdocs/notification/PDFs/12MDFB8AD1B34BCB4D0A8F6869DA4A53082E.PDF