SEBI issues Circular regarding Cross Margin in Commodity Index Futures and its underlying constituent futures or its variants
BSE issues Guidance Note on Analyst/Institutional Investors meet
Ministry of Finance appoints the 30th day of June, 2021 as the date on which certain provisions of the Finance Act, 2021 shall come into force
Brief Details | The Ministry of Finance in exercise of the powers conferred by section 128 of the Finance Act, 2021 appoints the 30th day of June, 2021 as the date on which the provisions of Part III of the Finance Act, 2021 shall come into force. |
Change Type | Notification |
State | Central |
Effective Date | 30-June-2021 |
Source | https://www.egazette.nic.in/WriteReadData/2021/227981.pdf |
RBI issues Guidelines for Managing Risk in Outsourcing of Financial Services by Cooperative Banks
Ministry of Skill Development and Entrepreneurship notifies the Apprenticeship (Amendment) Rules, 2021
RBI issues Notification regarding Appointment of Managing Director (MD) / Whole-Time Director (WTD) in Primary (Urban) Co-operative Banks
RBI issues Circular regarding Appointment of Chief Risk Officer in Primary (Urban) Co-operative Banks
RBI notifies the Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021
RBI issues Circular giving the New Definition of Micro, Small and Medium Enterprises
SEBI issues Circular giving the Prudential norms for liquidity risk management for open ended debt schemes
SEBI issues Circular regarding Alignment of interest of key employees of Asset Management Companies with the unitholders of the Mutual Fund Schemes
SEBI issues Circular on Amendment to SEBI (Alternative Investment Funds) Regulations, 2012
CBDT makes amendment to Notification No. 85/2020, dated the 27th October, 2020
CBDT makes amendment to Notification No. 93/2020 dated the 31st December, 2020
CBDT issues Circular regarding Extension of time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic
BSE issues Notice of Action(s) to be initiated against listed companies for non-payment of outstanding Annual Listing Fees
RBI issues Notification regarding Declaration of dividends by NBFCs
MCA issues Clarification on passing of ordinary and special resolutions
MCA notifies the Companies (Accounting Standards) Rules, 2021
CBDT issues Notification regarding Compliance Check Functionality for Section 206AB & 206CCA of Income-tax Act 1961
NSDL issues Circular making Amendments to Bye Laws of NSDL
Brief Details | The National Securities Depository Limited has made amendments in Bye Law 6.2.1 (iv) of NSDL with respect to Admission Criteria of Participants. |
Change Type | Circular |
State | Central |
Effective Date | 23-June-2021 |
Source | https://nsdl.co.in/downloadables/pdf/2021-0060-Policy-Amendments%20to%20Bye%20Laws%20of%20NSDL.pdf |
Delhi Government issues the Minimum Wages Notification (April 2021)
Brief Details | The Government Of National Capital Territory of Delhi vide notification number No. F. 12(142)/02/MW/VII/Partfile/2044-2055 has released minimum wages including variable dearness allowance for the National Capital Territory of Delhi effective 1st April 2021. |
Change Type | Notification |
State | Delhi |
Effective Date | 01-April-2021 |
Source | http://it.delhigovt.nic.in/writereaddata/Odr2021631323.pdf |
Delhi Government notifies exemption of certain compliances under the Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996 in Delhi
TN Government Issues Order of extension of Lockdown in the State
Brief Details | The Government of Tamil Nadu issues Order extending complete lockdown from 21-06-2021 to 06:00 on 28-06-2021. |
Change Type | Order |
State | Tamil Nadu |
Effective Date | 21-June-2021 |
Source | https://www.ricago.com/wp-content/uploads/2021/06/Tamil-Nadu-lockdown-G.O.409-20062021.pdf |
CBIC issues Circular giving Clarification in respect of applicability of Dynamic Quick Response (QR) Code on B2C invoices and compliance of notification 14/2020- Central Tax dated 21st March, 2020
NSE issues Circular giving the Penalty structure for incorrect submission of Client Level Holding Statement, Cash & Cash Equivalent Balances and Bank Account Balances by members
CBDT issues Circular regarding use of functionality under Section 206AB and 206CCA of the Income-tax Act, 1961
Brief Details | The Central Board of Direct Taxes Issues Circular regarding use of functionality under Section 206AB and 206CCA of the Income-tax Act, 1961. |
Change Type | Circular |
State | Central |
Effective Date | 21-June-2021 |
Source | https://www.incometaxindia.gov.in/communications/circular/circular_11_2021.pdf |
MH Finance Department notifies extension of due date for submitting Maharashtra Profession Tax return for the months of March 21, April 21, and May 21
Brief Details | The Maharashtra Finance Department notifies extension of due date for submitting Maharashtra Profession Tax return for the months of March 21, April 21, and May 21. The new deadline is on 30th June, 2021, with no late fee. |
Change Type | Notification |
State | Maharashtra |
Effective Date | 17-June-2021 |
Source | https://www.ricago.com/wp-content/uploads/2021/06/Attachment-4-22nd-June.pdf |
Haryana Labour Department Issues Circular for providing financial assistance to dependent of deceased person
SEBI issues Circular giving the Framework for administration and supervision of Investment Advisers under the SEBI (Investment Advisers) Regulations, 2013
SEBI issues Circular giving the Norms for disclosure by Mutual Funds in Derivatives
NSDL issues Circular for Submission of Compliance Certificate by RTAs/Issuers having direct electronic connectivity with NSDL
BIS makes amendment to Standards of a.c. Static Transformer Operated Watthour Meters
BIS makes amendment to Standards of IS 15660 : 2017 Refillable Transportable Seamless Aluminium Alloy Gas Cylinders
Brief Details | The Bureau of Indian Standards in pursuance of Sub-rule (1) of Rule (15) of the Bureau of Indian Standards Rules, 2018 notifies that Amendments to Indian standards, particulars of which are given in schedule hereto annexed have been established. |
Change Type | Notification |
State | Central |
Effective Date | 19-June-2021 |
Source | https://www.egazette.nic.in/WriteReadData/2021/227726.pdf |
Ministry of Finance notifies the Securities Contracts (Regulation) (Amendment) Rules, 2021
MCA notifies the Companies (Indian Accounting Standards) Amendment Rules, 2021
Brief Details | The Ministry of Corporate Affairs in exercise of the powers conferred by section 133, read with section 469 of the Companies Act, 2013 notifies the Companies (Indian Accounting Standards) Amendment Rules, 2021. |
Change Type | Notification |
State | Central |
Effective Date | 18-June-2021 |
Source | https://www.egazette.nic.in/WriteReadData/2021/227712.pdf |
MCA notifies the Companies (Creation and Maintenance of databank of Independent Directors) Amendment Rules, 2021
Ministry of Finance Issues Notification regarding housing financial companies registered under sub-section (5) of section 29A of the National Housing Bank Act, 1987
ESIC notifies the ESIC COVID-19 RELIEF SCHEME
Karnataka Government Issues Order giving the Guidelines for Relaxation of Lockdown in the State
Brief Details | The Karnataka Government in exercise of the powers conferred under the Section 24 of the Disaster Management Act, 2005, issues guidelines for COVID 19 containment based on the case positivity rates of the districts, which will come into effect from 6 am on 21-06-2021 and will be in force including and upto 5 am of 05-07-2021. |
Change Type | Order |
State | Karnataka |
Effective Date | 21-June-2021 |
Source | https://www.ricago.com/wp-content/uploads/2021/06/Attachment-11-21st-June.pdf |
RBI notifies Liberalized Remittance Scheme for Resident Individuals – Reporting
NCDEX issues Circular for Reporting of Artificial Intelligence (AI) and Machine Learning (ML) applications and systems offered and used by market intermediaries
MIB notifies the Cable Television Networks (Amendment) Rules, 2021
MCA notifies the Companies (Meetings of Board and its Powers) Amendment Rules, 2021
SEBI issues Circular regarding settlement of running account of client’s funds lying with trading member
SEBI issues Circular regarding Automation of continual disclosures under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015
CBDT makes amendment to Notification published in the Gazette of India, Extraordinary, vide number S.O. 1790(E), dated the 5th June, 2017
MSME makes amendment to Notification No. S.O. 2119 (E), dated the 26th June, 2020
Haryana Government issues the Minimum Wages Notification (January 2021)
Brief Details | The Government of Haryana vide Notification I.R- 2/2021/2771-916 has released the variable dearness allowance towards Minimum Wages effective from 1st January 2021. |
Change Type | Notification |
State | Haryana |
Effective Date | 01-January-2021 |
Source | http://storage.hrylabour.gov.in/uploads/labour_laws/Y2021/June/W3/D15/1623739404.pdf |
SEBI issues Circular on revised framework for Regulatory Sandbox
SEBI issues Circular giving relaxation from the requirement of minimum vesting period in case of death of employee under SEBI (Share Based Employee Benefit) Regulations, 2014
EPFO notifies extension of timeline for Mandatory Seeding of Aadhaar Number for filing of ECR
Karnataka Government Issues Order giving the Guidelines for Relaxation of Lockdown in the State
CBDT issues Press Release giving Relaxation in electronic filing of Income Tax Forms 15CA/15CB
PFRDA notifies the Pension Fund Regulatory and Development Authority (Point of Presence) (Amendment) Regulations, 2021
PFRDA notifies the Pension Fund Regulatory and Development Authority (National Pension System Trust) (Amendment) Regulations, 2021
PFRDA notifies the Pension Fund Regulatory and Development Authority (Central Recordkeeping Agency) (Amendment) Regulations, 2021
Ministry of Labour and Employment notifies the Draft Employees’ State Insurance (Central) Amendment Rules, 2021
RBI issues Circular on Risk Based Internal Audit
BSE issues Guidance note on communications by Listed Entities
Brief Details | The Bombay Stock Exchange issues Notice that no price-sensitive information is disclosed unless the same has been first disclosed to the stock exchanges. The following is an indicative list of things that shall be kept in mind by the listed entities while publicizing the company: a) The statement made shall be truthful, fair, evidence-based and shall not be manipulative or deceptive or distorted and the listed entity shall not make any statement, promise, or forecast which is untrue or misleading. b) The information shall contain clear, concise, and understandable language. c) If the listed entity presents any financial data, data for the past three years shall also be included along with particulars relating to sales, gross profit, net profit, share capital, reserves, earnings per share, dividends, debts, and the book values. The companies should also provide a link to the company’s website where the details are available and can be verified. d) Listed entities shall use simple and easy-to-understand language without using extensive technical, legal terminology, or complex language. The details provided should be adequate and appropriate so that the investors are not distracted with excessive details. e) e. The company should provide information only with respect to publicly reported financial information and not provide any forward-looking statement. |
Change Type | Notice |
State | Central |
Effective Date | 11-June-2021 |
Source | https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20210611-28 |
IRDAI issues Guidelines on Standard Professional Indemnity Policy for Insurance Brokers/Corporate Agent/Web Aggregators/IMF
TRAI notifies the Telecommunication (Broadcasting and Cable) Services Interconnection (Addressable Systems) (Third Amendment) Regulations, 2021
SEBI notifies the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021
IBBI notifies extension of last date of submission of Expression of Interest – Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2021
Brief Details | The Insolvency and Bankruptcy Board of India notifies extension of last date of submission of Expression of Interest till 25th June, 2021 for Insolvency Professionals to act as Interim Resolution under the Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2021. |
Change Type | Notification |
State | Central |
Effective Date | 10-June-2021 |
Source | https://www.ibbi.gov.in/uploads/whatsnew/52e51f50d8bdb1995c32b161ea1ede91.pdf |
CBDT issues Notification regarding the purposes of ‘Competition Commission of India’
FSSAI has issued an Order mandating the mention of FSSAI license/ registration no. on the receipts and invoices
Brief Details | The Food safety and standards authority of India on 8th June, 2021 has issued an order for the mandating the mentioning of FSSAI license/ registration number on receipts/ invoices/ cash memo/ bills etc. by food business on sale of food products. FSSAI has mandated the declaration of the 14- digit FSSAI license or registration number on cash receipts/ memos/ bills etc. the only exemption will be GST e-way bill and such other government documents which are system generated. The implementation shall be mandatorily done by 1st October, 2021. |
Change Type | Order |
State | Central |
Effective Date | 08-June-2021 |
Source | https://www.fssai.gov.in/upload/advisories/2021/06/60c08b4456ef1Order_License_Registration_Mandating_09_08_2021.pdf |
Gujarat Government issues SOP for the implementation of provisions of extension of timeline to apply for revocation of cancellation of registration under S. 30 of CGST Act, 2017
Brief Details | The Finance Department of Gujarat on 5th June, 2021 has issued the Standard Operating Procedure (SOP) for implementation of the provision of extension of time limit to apply for revocation of cancellation of registration under section 30 of the GGST Act, 2017 and rule 23 of the GGST Rules, 2017. The following guidelines have been given: • In order to ensure uniformity in the implementation of the provisions of above rule across the field formations, till the time an independent functionality for extension of time limit for applying in FORM GST REG-21 is developed on the GSTN portal, the Chief Commissioner of State tax in exercise of the powers conferred by section 168 of the GGST Act, hereby provides the following guidelines for implementation of the provision for extension of time limit for applying or revocation , of cancellation of registration under the said section and rule. |
Change Type | Circular |
State | Gujarat |
Effective Date | 05-June-2021 |
Source | https://www.ricago.com/wp-content/uploads/2021/06/Attachment-4-11th-June.pdf |
Gujarat Government notifies the Gujarat Goods and Services Tax (Fourth Amendment) Rules, 2021
Brief Details | The Finance Department of Gujarat on 2nd June, 2021 has issued the Gujarat Goods and Services Tax (Fourth Amendment) Rules, 2021 to further amend the Gujarat Goods and Services Tax Rules, 2017. The amendments include amendment of Rules 23, 90, 92, 96, 138E and substitution of Form GST RFD-07 in the Gujarat Goods and Services Tax Rules, 2017. |
Change Type | Notification |
State | Gujarat |
Effective Date | 18-May-2021 |
Source | https://www.ricago.com/wp-content/uploads/2021/06/Attachment-5-11th-June.pdf |
MCA notifies the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2021
ESIC notifies extension of medical benefits to the family members of Insured Persons in the State of West Bengal
RBI issues Circular for preservation of CCTV recordings
CBDT notifies the Income-tax (17th Amendment) Rules, 2021
CBDT issues a press release for the new taxpayer friendly e-filing portal of the Income Tax Department
Brief Details | The Central Board of Direct Taxes on 5th June, 2021 has issued a press release for the New, Taxpayer-friendly e-filing Portal of the Income Tax Department. Some of the highlights of the new portal are available: • New taxpayer friendly portal integrated with immediate processing of Income Tax Returns (ITRs) to issue quick refunds to taxpayers. • All interactions and uploads or pending actions will be displayed on a single dashboard for follow-up action by taxpayer. |
Change Type | Press Release |
State | Central |
Effective Date | 07-June-2021 |
Source | https://bit.ly/353nVXe |
MH Finance Department notifies amendment in the Maharashtra Value Added Tax Act, 2002
Brief Details | The Maharashtra Finance Department on 3rd June, 2021 has issued a notification for the amendment in the Maharashtra Value Added Tax Act, 2002 notification no. VAT.1513/C.R. 124/Taxation-1 dated 1st January, 2014. The following amendment has been made: • In the schedule, which specifies the late payment fee in case the returns have not been filed by the dealers, entry 10, has been inserted, namely: “Dealers who are liable to file return under clause (c) of sub-rule 4B of rule 17 and sub-rule 1A of rule 18 and who have not filed return for the period of March 2021, April 2021 and May 2021 shall file the same on or before 30th June, 2021.” |
Change Type | Notification |
State | Maharashtra |
Effective Date | 03-June-2021 |
Source | https://www.ricago.com/wp-content/uploads/2021/06/Attachment-4-9th-June.pdf |
MCA notifies the Companies (Incorporation) Fourth Amendment Rules, 2021
RBI issues directions for reporting of Transactions in Government securities by Foreign Portfolio Investors
SEBI issues Circular regarding Potential Risk Class Matrix for debt schemes based on Interest Rate Risk and Credit Risk
TRAI issues Press Release extending the time to receive comments on Supplementary Consultation Paper on Roadmap to Promote Broadband Connectivity and Enhanced Broadband Speed
ESIC notifies the Covid-19 Relief Scheme
EPFO allows its members to avail second COVID-19 advance
Ministry of Labour and Employment Issues Advisory to State Governments/UTs to Encourage Work-from-Home for Nursing Mothers
RBI issues Master Direction – Reserve Bank of India (Certificate of Deposit) Directions, 2021
RBI issues Notification extending the timeline for Submission of returns under Section 31 of the Banking Regulation Act, 1949
RBI issues Directions regarding Payment of margins for transactions in Government Securities by Foreign Portfolio Investors
RBI issues Circular – Resolution Framework – 2.0: Resolution of Covid-19 related stress of Micro, Small and Medium Enterprises (MSMEs) – Revision in the threshold for aggregate exposure
RBI issues Circular – Resolution Framework – 2.0: Resolution of Covid-19 related stress of Individuals and Small Businesses – Revision in the threshold for aggregate exposure
SEBI issues Circular regarding Centralized Database for Corporate Bonds/ Debentures
BIS notifies the Bureau of Indian Standards (Conformity Assessment) Third Amendment Regulations, 2021
Brief Details | The Bureau of Indian Standards in exercise of the powers conferred by section 39 read with sections 12 and 13 of the Bureau of Indian Standards Act, 2016 notifies the Bureau of Indian Standards (Conformity Assessment) Third Amendment Regulations, 2021. |
Change Type | Notification |
State | Central |
Effective Date | 04-June-2021 |
Source | https://www.egazette.nic.in/WriteReadData/2021/227379.pdf |
SEBI issues Circular on Enhancement of Overseas Investment Limits
CBIC issues Notification to provide relief by lowering of interest rate for a specified time for tax periods March, 2021 to May, 2021
CBIC extends the due date for FORM GSTR-1 for May, 2021 by 15 days
CBIC appoints the 1st day of June, 2021, as the date on which certain provisions of the Finance Act, 2021 shall come into force
Ministry of Labour and Employment notifies the Draft Code on Social Security (Employee’s Compensation) (Central) Rules, 2021
EPFO issues Notification on mandatory seeding of Aadhaar Number for filing of ECR
Karnataka Government Issues Order extending the Lockdown
Brief Details | The Karnataka Government Issues Order extending the Lockdown form 7th June, 2021 to 14th June, 2021. |
Change Type | Order |
State | Karnataka |
Effective Date | 07-June-2021 |
Source | https://www.ricago.com/wp-content/uploads/2021/06/Karnataka-Lockdown-Extension-of-Guidelines-Order-dt-03-06-2021-1.pdf |
SEBI issues Circular regarding Streamlining the process of IPOs with UPI in ASBA and redressal of investor grievances
CBIC notifies the Central Goods and Services Tax (Fifth Amendment) Rules, 2021
CBIC extends the due date for furnishing of FORM ITC-04 for QE March, 2021 to 30.06.2021
CBIC extends the due date for filing FORM GSTR-4 for financial year 2020-21 to 31.07.2021
CBIC extends the due date of compliances which fall during the period from “15.04.2021 to 29.06.2021” till 30.06.2021
CBIC makes amendment to Notification no. 13/2020-Central Tax to exclude government departments and local authorities from the requirement of issuance of e-invoice
CBIC issues Notification to rationalize late fee for delay in filing of return in FORM GSTR-7
CBIC issues Notification to rationalize late fee for delay in filing of return in FORM GSTR-4
CBIC issues Notification to rationalize late fee for delay in furnishing of the statement of outward supplies in FORM GSTR-1
CBIC issues Notification to rationalize late fee for delay filing of return in FORM GSTR-3B
SEBI issues Circular regarding ‘Off-market’ transfer of securities by Foreign Portfolio Investors
NSDL issues Circular regarding Mandatory Updation of certain attributes of KYC of clients
Karnataka Government Issues Order on further extension of payment of enrolment tax under the Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976
RBI issues Circular regarding Investment by Foreign Portfolio Investors (FPI) in Government Securities: Medium Term Framework (MTF)
RBI issues Circular regarding Customer Due Diligence for transactions in Virtual Currencies
SEBI issues Circular giving the Format for Compliance Report on Corporate Governance by Listed Entities
SEBI issues Circular regarding Disclosure of the Schemes which are subscribed by the investor
SEBI issues Circular on relaxation in compliance with requirements pertaining to AIFs and VCFs
CBIC issues Notification extending the exemption from IGST on imports of specified COVID-19 relief material donated from abroad, up to 31st August, 2021