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Daily Updates March 2022

Home / Daily Updates March 2022

BIS notifies amendment in some of the Indian Standards w.r.t Information Technology

Brief DetailsThe Bureau of Indian Standards, in pursuance of Sub-rule (1) of Rule (15) of the Bureau of Indian Standards Rules, 2018, hereby notifies Indian standards with respect to Information Technology. [Ref: HQ-PUB013/1/2020-PUB-BIS (331)]
Change TypeNotification
StateCentral
Effective Date30-March-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/234668.pdf

 

CBDT notifies the Faceless Inquiry or Valuation Scheme, 2022

Brief DetailsThe Central Board of Direct Taxes, in exercise of the powers conferred by sub-sections (1) and (2) of section 142B of the Income-tax Act, 1961, hereby makes the Scheme, namely the Faceless Inquiry or Valuation Scheme, 2022.
Change TypeNotification
StateCentral
Effective Date30-March-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/234672.pdf

 

CBIC notifies insertion of new chapter VIIA  in the Customs Act, 1962

Brief DetailsThe Central Board of Indirect Taxes and Customs, in exercise of the powers conferred by section 80 of the Finance Act, 2018,  hereby appoints the 1st June, 2022, as the date from which the new chapter VIIA shall be inserted in the Customs Act, 1962.
Change TypeNotification
StateCentral
Effective Date01-June-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/234686.pdf

 

CBIC notifies exemption in deposits in Customs Act,1962

Brief DetailsThe 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 with respect to certain provisions. [No. 19/2022-CUSTOMS (N.T.)]
Change TypeNotification
StateCentral
Effective Date01-June-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/234687.pdf

 

CBDT notifies Exemption under section 206C(1G) of the Income tax Act, 1961

Brief DetailsThe Central Board of Direct Taxes, in exercise of the powers conferred by clause (ii) to fifth proviso to sub-section (1G) of section 206C of the Income-tax Act, 1961, hereby notifies that the provisions of sub-section (1G) of section 206C shall not apply to an individual who is not a resident in India in terms of clause (1) and clause (1A) of section 6 of the Act, and who is visiting India.
Change TypeNotification
StateCentral
Effective Date30-March-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/234689.pdf

  

CBIC notifies the Customs (Electronic Cash Ledger) Regulations, 2022

Brief DetailsThe Central Board of Indirect Taxes and Customs, in exercise of the powers conferred by section 157 read with sub-sections (1), (2) and (3) of section 51A of the Customs Act, 1962, hereby makes the regulations, namely the Customs (Electronic Cash Ledger) Regulations, 2022. [No. 20/2022-CUSTOMS (N.T.)]
Change TypeNotification
StateCentral
Effective Date01-June-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/234690.pdf

 

Ministry of Law and Justice notifies the Finance Act, 2022

Brief DetailsThe Ministry of Law and Justice notifies the Finance Act, 2022. Sections 2 to 85 shall come into force on the 1st April 2022 and Sections 100 to 114 shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint. [No. 6 OF 2022]
Change TypeNotification
StateCentral
Effective Date30-March-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/234693.pdf

 

SEBI issues Circular for Clarification on applicability of regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in relation to Related Party Transactions

Brief DetailsThe Securities and Exchange Board of India, in  exercise  of  the powers  conferred  under  Section  11(1)  of  the Securities  and  Exchange  Board  of India  Act,  1992  read  with  Regulation 101  of  the  Listing Obligations and Disclosure Requirement (LODR) Regulations issues Circular for Clarification on applicability of regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in relation to Related Party Transactions. [SEBI/HO/CFD/CMD1/CIR/P/2022/40]
Change TypeCircular
StateCentral
Effective Date01-April-2022
Sourcehttps://www.sebi.gov.in/legal/circulars/mar-2022/clarification-on-applicability-of-regulation-23-of-sebi-listing-obligations-and-disclosure-requirements-regulations-2015-in-relation-to-related-party-transactions_57398.html

 

SEBI issues Circular for Timelines for Rebalancing of Portfolios of Mutual Fund Schemes

Brief DetailsThe Securities and Exchange Board of India, in exercise of the powers conferred under Section 11 (1) of  the  Securities  and  Exchange  Board  of  India  Act,  1992,  read  with  the provision  of  Regulation  77  of  SEBI  (Mutual  Funds)  Regulations,  1996 issues Circular for Timelines for Rebalancing of Portfolios of Mutual Fund Schemes.  [SEBI/HO/IMD/IMD-II DOF3/P/CIR/2022/39]
Change TypeCircular
StateCentral
Effective Date01-July-2022
Sourcehttps://www.sebi.gov.in/legal/circulars/mar-2022/timelines-for-rebalancing-of-portfolios-of-mutual-fund-schemes_57376.html

 

NSE issues Circular for FATF Public Statements after March 2022

Brief DetailsThe National Stock Exchange of India Limited issues Circular for Financial Action Task Force (FATF) Public Statements after March 2022. [NSE/INSP/51820]
Change TypeCircular
StateCentral
Effective Date30-March-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-10-5.pdf

 

MSE issues Circular for Measure in respect of companies with high Promoter as well as non- Promoter ‘Encumbrance’ as per Reg. 28(3) of SEBI (SAST) Regulation 2011

Brief DetailsThe Metropolitan Stock Exchange issues Circular Measure in respect of companies with high Promoter as well as non- Promoter ‘Encumbrance’ as per Reg. 28(3) of SEBI (SAST) Regulation 2011. [MSE/SURV/11647/2022]
Change TypeCircular
StateCentral
Effective Date29-March-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-11-4.pdf

 

Government of Chhattisgarh notifies the Minimum Wages Notification (April 2022)

Brief DetailsThe Government of Chhattisgarh vide notification No/08/2022/1897, has revised the VDA effective from 1st April 2022 to 30th September 2022 under the Minimum Wages Act, 1948.
Change TypeNotification
StateChhattisgarh
Effective Date01-April-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-12.pdf

 

CBDT issues Circular for Clarification with respect to relaxation of provisions of rule 114AAA of Income-tax Rules, 1962

Brief DetailsThe Central Board of Direct Taxes issues Circular for Clarification with respect to relaxation of provisions of rule 114AAA of Income-tax Rules, 1962 prescribing the manner of making Permanent Account Number (PAN) inoperative. In order to have smooth application of section 234H and existing rule 114AAA, it is clarified that the impact of sub-rule (2) of rule 114AAA shall come into effect from 1st April, 2023 and the period beginning from 1st April, 2022 and ending with 31st March, 2023, shall be the period during which the said sub-rule shall not have its negative consequences. [Circular No.7 of 2022]
Change TypeCircular
StateCentral
Effective Date01-April-2023
Sourcehttps://incometaxindia.gov.in/communications/circular/circular-no-7-2022.pdf

 

CBDT notifies Amendment to the provisions of Income-tax Rules, 1962 for prescribing fees under section 234H of the Income-tax Act, 1961

Brief DetailsThe Central Board of Direct Taxes notifies Amendment to the provisions of Income-tax Rules, 1962 for prescribing fees under section 234H of the Income-tax Act, 1961. After 31st March, 2023, the PAN of taxpayers who fail to intimate their Aadhaar, as required, shall become inoperative and all the consequences under the Act for not furnishing, intimating or quoting the PAN shall apply to such taxpayers. Circular No.7 of 2022 has also been issued with this regard.
Change TypePress Release
StateCentral
Effective Date01-April-2023
Sourcehttps://bit.ly/3iP3kNd

 

Government of Tamil Nadu notifies amendments to the Tamil Nadu Shop and Establishment Rules, 1948

Brief DetailsThe Government of Tamil Nadu, in exercise of the powers conferred by sub-section (1) of Section 49 of the Tamil Nadu Shops and Establishments Act, 1947, hereby makes the amendments to the Tamil Nadu Shops and Establishments Rules, 1948. [G.O. Ms. No. 23]
Change TypeNotification
StateTamil Nadu
Effective Date30-March-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-15.pdf

 

Ministry of Finance notifies Amendment in instructions for filling Common Application Form

Brief DetailsThe Ministry of Finance, in partial modification of notification No. 4/15/2-16-ECB dated 27th January, 2020 issued in Gazette of India on 28th January, 2020, the amendments are hereby made in the “Instruction for filling Common Application Form (CAF)”. [F. No. 4/15/2016-ECB]
Change TypeNotification
StateCentral
Effective Date29-March-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/234620.pdf

 

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

Brief DetailsThe Central Board of Direct Taxes, in exercise of the powers conferred by sections 139AA and 234H read with section 295 of the Income-tax Act, 1961, hereby makes the rules further to amend the Income-tax Rules, 1962. The amendments are made in Rule 114 and in Rule 114AAA. [G.S.R. 229(E)]
Change TypeCircular
StateCentral
Effective Date01-April-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/234634.pdf

 

CBDT notifies the e-Assessment of Income Escaping Assessment Scheme, 2022

Brief DetailsThe Central Board of Direct Taxes, In exercise of the powers conferred by sub-sections (1) and (2) of section 151A of the Income-tax Act, 1961, hereby makes the Scheme namely the e-Assessment of Income Escaping Assessment Scheme, 2022. [S.O. 1466(E)]
Change TypeNotification
StateCentral
Effective Date29-March-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/234635.pdf

 

SEBI issues Circular for Operational guidelines for ‘Security and Covenant Monitoring’ using Distributed Ledger Technology (DLT)

Brief DetailsThe Securities and Exchange Board of India issues Circular for Operational guidelines for ‘Security and Covenant Monitoring’ using Distributed Ledger Technology (DLT). [SEBI/ HO/ MIRSD/ CRADT/ CIR/ P/ 2022/ 38]
Change TypeCircular
StateCentral
Effective Date29-March-2022
Sourcehttps://www.sebi.gov.in/legal/circulars/mar-2022/operational-guidelines-for-security-and-covenant-monitoring-using-distributed-ledger-technology-dlt-_57331.html

 

SEBI notifies decisions of the SEBI Board Meeting on 29th March, 2022

Brief DetailsThe Securities and Exchange Board of India notifies decisions of the SEBI Board Meeting on 29th March 2022. This includes Amendment to Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Amendments to SEBI (Collective Investment Schemes) Regulations, 1999, Enabling Custodians to provide custodial services in respect of silver exchange traded fund schemes of mutual funds (‘silver ETFs’) and Budget Estimates for the Financial Year (FY) 2022-23. [PR No.: 8/2022]
Change TypePress Release
StateCentral
Effective Date29-March-2022
Sourcehttps://www.sebi.gov.in/media/press-releases/mar-2022/sebi-board-meeting_57326.html

 

CBDT notifies the Faceless Jurisdiction of Income tax Authorities Scheme, 2022

Brief DetailsThe Central Board of Direct Taxes, in exercise of the powers conferred by sub-sections (1) and (2) of section 130 of the Income-tax Act, 1961, hereby makes the Scheme, namely the Faceless Jurisdiction of Income tax Authorities Scheme, 2022. [S.O. 1400(E)]
Change TypeNotification
StateCentral
Effective Date28-March-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/234568.pdf

 

NSDL issues Circular for Incorporation of new freeze reason code in DPM system

Brief DetailsThe National Securities Depository Limited, issues Circular for Incorporation of new freeze reason code in DPM system. The new Freeze reason code is 39 with description Account holder related – PAN inoperative. [NSDL/POLICY/2022/044]
Change TypeCircular
StateCentral
Effective Date28-March-2022
Sourcehttps://nsdl.co.in/downloadables/pdf/2022-044-Policy-Incorporation%20of%20new%20freeze%20reason%20code%20in%20DPM%20system.pdf

 

FSSAI  notifies Direction under Section 16(5) of the FSS Act, 2006

Brief DetailsThe Food Safety and Standards Authority of India notifies Direction under Section 16(5) of the Food Safety and Standards Act, 2006 regarding operationalization of Food Safety and Standards (Health Supplements, Nutraceuticals, Food for Special Dietary Use, Food for Special Medical Purpose, and Prebiotic and Probiotic Food) Regulations, 2022. [FSSAI (Nutra) Regulations, 2022]
Change TypeNotification
StateCentral
Effective Date29-March-2022
Sourcehttps://www.fssai.gov.in/upload/advisories/2022/03/6243ef28079ceDirection_Nutra_30_03_2022.pdf

  

CPCB notifies Board’s laboratories and Schedule of sampling and analysis charges for Environmental Samples

Brief DetailsThe Central Pollution Control Board, in exercise of the powers conferred under sub-section (3) of Section 16 and subsection (2) of Section 17 read with sub-section (4) of Section 4 of the Water (Prevention and Control of Pollution) Act, 1974 (Act 6 of 1974) along with rule 28 of the Water (Prevention and Control of Pollution) Rules, 1975, and under sub-section (3) of Section 16 of Air (Prevention and Control of Pollution) Act, 1981 (Act 14 of 1981), has established the Board’s Laboratories at the places mentioned in Schedule I and Schedule of sampling and analysis charges for Environmental Samples in Schedule II. [No. Legal/42(3)/87]
Change TypeNotification
StateCentral
Effective Date28-March-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-9-3.pdf

 

CBDT notifies Extension of timelines under the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020

Brief DetailsThe Central Board of Direct Taxes, in exercise of the powers conferred by sub-section (1) of section 3 of the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 hereby specifies for the purpose of sub-section (1) of section 3 of the said Act, that where the specified Act is the Prohibition of Benami Property Transaction Act, 1988. [S.O. 1440(E)]
Change TypeNotification
StateCentral
Effective Date29-March-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/234593.pdf

 

Ministry of Labour and Employment notifies ESI Coverage of establishments in UT of Andaman and Nicobar Islands

Brief DetailsThe Ministry of Labour and Employment, in exercise of the powers conferred by sub-section (5) of section 1 of the Employees’ State Insurance Act, 1948, hereby gives notice, as required under the said sub-section, of its intention to extend the provisions of the said Act to the classes of establishments specified in the Schedule. [S.O. 1377(E)]
Change TypeNotification
StateAndaman & Nicobar Islands
Effective Date28-March-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/234574.pdf

 

Ministry of Consumer Affairs, Food and Public Distribution notifies the Legal Metrology (Packaged Commodities) Amendment Rules, 2022

Brief DetailsThe Ministry of Consumer Affairs, Food and Public Distribution, in exercise of the powers conferred by sub-sections (1),read with clauses (j) and (q) of sub-section (2), of section 52 of the Legal Metrology Act, 2009 hereby makes the rules further to amend the Legal Metrology (Packaged Commodities) Rules, 2011. [G.S.R. 226(E)]
Change TypeNotification
StateCentral
Effective Date01-October-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/234582.pdf

 

SEBI issues Circular for Calculation of investment concentration norm for Category III AIFs

Brief DetailsThe Securities and Exchange Board of India, in exercise  of  powers  conferred  under  Section  11(1)  of  the Securities and Exchange Board of India Act, 1992 issues Circular for Calculation of investment concentration norm for Category III AIFs. Regulation 15(1)(d)of SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”), has been amended and notified on 16th March, 2022, to provide flexibility to Category III AIFs. [SEBI/HO/IMD/IMD-I/DOF6/P/CIR/2022/0000000037]
Change TypeCircular
StateCentral
Effective Date28-March-2022
Sourcehttps://www.sebi.gov.in/legal/circulars/mar-2022/circular-on-calculation-of-investment-concentration-norm-for-category-iii-aifs_57249.html

 

SEBI issues Circular for Product  specifications pertaining  to the Electronic  Gold  Receipts  (EGR) segment in India

Brief DetailsThe Securities and Exchange Board of India, in  exercise  of  powers  conferred  under  Section  11(1)  of  the Securities and Exchange Board of India Act, 1992 issues Circular for Product  specifications pertaining  to the  Electronic  Gold  Receipts  (EGR) segment in India. [SEBI/HO/CDMRD/DMP/P/CIR/2022/36]
Change TypeCircular
StateCentral
Effective Date28-March-2022
Sourcehttps://www.sebi.gov.in/legal/circulars/mar-2022/circular-on-product-specifications-pertaining-to-egr-segment-in-india_57235.html

 

NSDL issues Circular for Corrigendum to Circular related to Amendment to Business Rules of NSDL

Brief DetailsThe National Securities Depository Limited, issues Circular for Corrigendum to Circular related to Amendment to Business Rules of NSDL. It is hereby notified that Rule 12.6.5 is reinstated in Business Rules of NSDL. [NSDL/POLICY/2022/043]
Change TypeCircular
StateCentral
Effective Date28-March-2022
Sourcehttps://nsdl.co.in/downloadables/pdf/2022-043-Policy-Corrigendum%20to%20Circular%20related%20to%20Amendment%20to%20Business%20Rules%20of%20NSDL.pdf

 

NHB notifies Bank’s Prime Lending Rate (PLR)

Brief DetailsThe National Housing Bank notifies that the Bank’s Prime Lending Rate (PLR) stands at 7.10% with effect from 1st April,2022.
Change TypeNotification
StateCentral
Effective Date28-March-2022
Sourcehttps://nhb.org.in/wp-content/uploads/2022/03/PLR-w.e.f-01.04.2022.pdf

 

IRDAI issues Circular for Extension of timelines for sale and renewal of short term Covid specific health insurance policies

Brief DetailsThe Insurance Regulatory And Development Authority of India issues Circular for Extension of timelines for sale and renewal of short term Covid specific health insurance policies. It is hereby notified that all insurers are permitted to offer and renew certain health policies up to 30thSeptember, 2022. [IRDAI/HLT/REG/CIR/57/03/2022]
Change TypeCircular
StateCentral
Effective Date28-March-2022
Sourcehttps://www.irdai.gov.in/ADMINCMS/cms/whatsNew_Layout.aspx?page=PageNo4663&flag=1

 

RBI notifies Framework for Geo-Tagging of Payment System Touch Points

Brief DetailsThe Reserve Bank of India notifies Framework for Geo-Tagging of Payment System Touch Points. Geo-tagging of payment system touch points will enable proper monitoring of availability of payment acceptance infrastructure like Points of Sale (PoS) terminals, Quick Response (QR) codes, etc. In turn, such monitoring will support policy intervention to optimise distribution of payment infrastructure. [Press Release: 2021-2022/1914]
Change TypePress Release
StateCentral
Effective Date25-March-2022
Sourcehttps://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=53469

 

NSE issues Circular for Revision in Contract Note Format

Brief DetailsThe National Stock Exchange of India Limited issues Circular for Revision in Contract Note Format. Members opting to send “Contract Note Cum Tax Invoice” shall send the contract note in the format enclosed as Annexure – A and Members opting to send the Contract Note and the tax invoice separately shall send the contract note in the format enclosed as Annexure-B. [NSE/INSP/15572]
Change TypeCircular
StateCentral
Effective Date25-March-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-2-1.pdf

 

SEBI issues Circular for Standardisation of industry classification – Revision in Chapter – XIV of Operational Circular for issue and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper

Brief DetailsThe Securities and Exchange Board of India, in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with Regulation 55 (1) of the SEBI  (Issue  and  Listing  of  Non-convertible Securities)  Regulations,  2021 issues Circular for Standardisation of industry classification – Revision in Chapter – XIV of Operational Circular for issue and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper. [SEBI/HO/DDHS/P/CIR/2021/031]
Change TypeCircular
StateCentral
Effective Date22-March-2022
Sourcehttps://www.sebi.gov.in/legal/circulars/mar-2022/standardisation-of-industry-classification-revision-in-chapter-xiv-of-operational-circular-for-issue-and-listing-of-non-convertible-securities-securitised-debt-instruments-security-receipts-mun-_57060.html

 

CDSL notifies Introduction of PMS POA in CDSL System

Brief DetailsThe Central Depository Services (India) Limited notifies Introduction of Portfolio Management Services (PMS) Power of Attorney (POA) in CDSL System.  PMS managers have to open the new PMS POA account to be linked only to the PMS client accounts. [CDSL/OPS/DP/SYSTM/2022/166]
Change TypeNotification
StateCentral
Effective Date25-March-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-4-3.pdf

 

Government of Andhra Pradesh notifies regarding Auto Renewal of Registration under The Andhra Pradesh Shops and Establishments Act, 1988

Brief DetailsThe Government of Andhra Pradesh notifies regarding Auto Renewal of Registration under The Andhra Pradesh Shops and Establishments Act, 1988 with respect to notification dated 14thAugust, 2021. It is hereby instructed that employers in the state of Andhra Pradesh shall make a note, avail the facility of auto renewal system on portal i.e. Mee-seva, and comply accordingly. [LAE03-22021/1/2022-E1-LBRCOMR]
Change TypeNotification
StateAndhra Pradesh
Effective Date22-March-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-1-3.pdf

 

Ministry of Labour and Employment declares the services in the Transport (other than railways) for the carriage of passengers or goods, by land or water, to be a public utility service

Brief DetailsThe Ministry of Labour and Employment, in exercise of the powers conferred by sub-clause (vi) of clause (n) of section 2 of the Industrial Disputes Act, 1947, hereby declares the services in the Transport (other than railways) for the carriage of passengers or goods, by land or water, to be a public utility service for the purposes of the said Act for a period of six months with effect from the date of publication of this notification. [S.O. 1285(E)]
Change TypeNotification
StateCentral
Effective Date24-March-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/234420.pdf

 

SEBI issues Circular for Introduction of Options on Commodity Indices – Product Design and Risk Management Framework

Brief DetailsThe Securities and Exchange Board of India, in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 issues Circular for Introduction of Options on Commodity Indices – Product Design and Risk Management Framework. [SEBI/HO/CDMRD/DNP/CIR/P/2022/34]
Change TypeCircular
StateCentral
Effective Date24-March-2022
Sourcehttps://www.sebi.gov.in/legal/circulars/mar-2022/introduction-of-options-on-commodity-indices-product-design-and-risk-management-framework_57122.html

 

BSE notifies Extending Interoperability facility to all clients

Brief DetailsThe Bombay Stock Exchange notifies regarding Extending Interoperability facility to all clients. It has been decided to provide an extension until 30th June 2022, for implementing Interoperability technology development by trading members having clientele business. [Notice No. 20220324-13]
Change TypeNotification
StateCentral
Effective Date24-March-2022
Sourcehttps://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220324-13

 

IRDAI issues Circular for Dividend Criteria for Equity Investment under “Approved Investment”

Brief DetailsThe Insurance Regulatory And Development Authority of India, in exercise of its powers conferred under Regulation 14(2) of the IRDAI (Investments) Regulations, 2016, hereby permits Insurers to classify investments in Preference Shares and Equity Shares as  part of “Approved Investment” if dividend is paid on such Shares “for at least 2 years out of 3 consecutive years immediately preceding ” instead of “for at least 2 consecutive years immediately preceding” for the period from 1st April, 2022 to 30th September, 2022. [IRDAI/F&I/CIR/INV/51/03/2022 ]
Change TypeNotification
StateCentral
Effective Date24-March-2022
Sourcehttps://www.irdai.gov.in/ADMINCMS/cms/whatsNew_Layout.aspx?page=PageNo4662&flag=1

 

MHA notifies all States and UTs to end all Covid containment measures from 31st March, 2022

Brief DetailsThe Ministry of Home Affairs notifies all the States and Union Territories to consider appropriately discontinuing issue of orders and guidelines under the Disaster Management Act, 2005 for Covid containment measures. The States and UTs may follow the SOPs that have been or are being issued by the Ministry of Health and Family Welfare from time to time for Covid Containment measures. [D.O. No. 40-3/2020-DM-I(A)]
Change TypeNotification
StateCentral
Effective Date22-March-2022
Sourcehttps://www.mha.gov.in/sites/default/files/containment_23032022.pdf

 

MEITY notifies Use of Aadhaar Authentication services for DigiLocker

Brief DetailsThe Ministry of Electronics & Information Technology, in pursuance of rule 5 of the Aadhaar Authentication for Good Governance (Social Welfare, Innovation, Knowledge) Rules, 2020, notifies that the National e-Governance Division (NeGD) under Digital India Corporation is hereby allowed to perform Aadhaar authentication, on voluntary basis, for identification of residents in “DigiLocker”. The said NeGD shall follow the guidelines issued by the Central Government with respect to use of the Aadhaar authentication on voluntary basis. [S.O. 1272(E).]
Change TypeNotification
StateCentral
Effective Date23-March-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/234401.pdf

 

DGFT notifies Amendment in Para 2.54 of Handbook of Procedures, 2015-2020

Brief DetailsThe Directorate General of Foreign Trade, in exercise of powers conferred under Para 1.03 and 2.04 of the Foreign Trade Policy, 2015-2020, hereby amends Para 2.54 (d)(v)(ii) of the Handbook of Procedures (2015-2020) and extends the deadline from 31st March, 2022 to 30th September, 2022 to install and operationalise Radiation Portal Monitors and Container Scanners in designated sea ports. [F. No. 01/89/180/53/AM-01/PC-II(B)/E-2382]
Change TypeNotification
StateCentral
Effective Date23-March-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/234408.pdf

 

SEBI issues Circular for Change in control of Sponsor and/or Manager of Alternative Investment Fund involving scheme of arrangement under Companies Act, 2013

Brief DetailsThe Securities and Exchange Board of India, in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 issues Circular for Change in control of Sponsor and/or Manager of Alternative Investment Fund involving scheme of arrangement under Companies Act, 2013. [SEBI/HO/IMD-1/ DF9/CIR/2022/032]
Change TypeCircular
StateCentral
Effective Date23-March-2022
Sourcehttps://bit.ly/3D9AMas

 

NESL issues Circular for IU Services and Fee structure w.e.f 1st April, 2022

Brief DetailsThe National E-Governance Services Limited issues Circular for Information Utility (IU) Services and Fee structure with effect from 1st April, 2022.
Change TypeCircular
StateCentral
Effective Date01-April-2022
Sourcehttps://nesl.co.in/wp-content/uploads/2022/03/Fee-structure-w.e.f-01042022.pdf

 

Government of Maharashtra notifies the Maharashtra Shops and Establishments (Regulation of Employment and Conditions of Service) (Amendment) Act, 2022

Brief DetailsThe Government of Maharashtra notifies amendment to the Maharashtra Shops and Establishments (Regulation of Employment and Conditions of Service) Act, 2017 namely the Maharashtra Shops and Establishments(Regulation of Employment and Conditions of Service) (Amendment) Act, 2022. [No. XXIV of 2022]
Change TypeNotification
StateMaharashtra
Effective Date23-March-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-5-2.pdf

 

CBIC notifies Standard Operating Procedure (SOP) for Scrutiny of returns for FY 2017-18 and 2018-19

Brief DetailsThe Central Board of Indirect Taxes and Customs has issued Standard Operating Procedure (SOP) for scrutiny of returns for FY 2017-18 and 2018-19.
Change TypeNotification
StateCentral
Effective Date22-March-2022
Sourcehttps://www.cbic.gov.in/resources//htdocs-cbec/gst/instruction-no-022022-gst-dated-22032022.pdf

 

Government of Kerala notifies regarding E-invoicing for turnover over 20 Crore

Brief DetailsThe Government of Kerala notifies that E-invoicing will be mandatory for business-to-business transactions of traders with an annual turnover of over Rs. 20 Crore from 1stApril, 2022.
Change TypeNotification
StateKerala
Effective Date01-April-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-1-2.pdf

 

Ministry of Consumer Affairs, Food and Public Distribution notifies amendment to notification dated 8th February, 2017

Brief DetailsThe 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 further amendments in the notification dated 8thFebruary, 2017 [S.O. 371(E)]. The amendment is for Deadline extension upto 30th June 2022 for seeding of Ration Card and its beneficiaries. [S.O. 1262(E)]
Change TypeNotification
StateCentral
Effective Date22-March-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/234378.pdf

 

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

Brief DetailsThe Securities and Exchange Board of India, in exercise of the powers conferred by section 11, sub-section (2) of section 11A and section 30 of the Securities and Exchange Board of India Act, 1992, hereby makes the regulations to further amend the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The amendment is in Regulation 17 and in Schedule II. [F. No. SEBI/ LAD-NRO/GN/2022/76]
Change TypeNotification
StateCentral
Effective Date22-March-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/234379.pdf

 

CBIC notifies to implement e-invoicing for the taxpayers having aggregate turnover exceeding Rs. 20 Cr from 1st April 2022

Brief DetailsThe Central Board of Indirect Taxes and Customs notifies to implement e-invoicing for the taxpayers having aggregate turnover exceeding Rs. 20 Cr from 1st April 2022. [No. 01/2022 – Central Tax; G.S.R. 159(E)]
Change TypeNotification
StateCentral
Effective Date01-April-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/233716.pdf

 

RBI updates Master Direction – Foreign Investment in India

Brief DetailsThe Reserve Bank of India, in exercise of the powers conferred by under Section 11 of the Foreign Exchange Management Act (FEMA), 1999, updates Master Direction – Foreign Investment in India.
Change TypeMaster Direction
StateCentral
Effective Date17-March-2022
Sourcehttps://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=11200

 

NSDL issues Circular for Procedure for facilitating off-market transfer for tendering securities for ‘Buyback’, ‘Open offer for Acquisition’ and ‘Delisting – Exit offer’

Brief DetailsThe National Securities Depository Limited, issues Circular for Procedure for facilitating off-market transfer for tendering securities for ‘Buyback’, ‘Open offer for Acquisition’ and ‘Delisting – Exit offer’.
Change TypeCircular
StateCentral
Effective Date21-March-2022
Sourcehttps://bit.ly/36E0qbd

 

Government of Tamil Nadu notifies Dearness Allowance payable to the class of employees in the employment in shops and commercial establishments in the state of Tamil Nadu

Brief DetailsThe Government of Tamil Nadu, in exercise of the powers conferred by under Minimum Wages Act, 1948 notifies Dearness Allowance payable to the class of employees in the employment in shops and commercial establishments in the state of Tamil Nadu.
Change TypeNotification
StateTamil Nadu
Effective Date01-April-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-3-7.pdf

 

MCA notifies extension to exemptions provided under certain sections of Competition act, 2002

Brief DetailsThe Ministry of Corporate Affairs, in exercise of the powers conferred by clause (a) of section 54 of the Competition Act, 2002, hereby extends the validity of the exemption and for the said purpose amends the notification dated 27th March, 2017 which stated exemption to any merger or amalgamation, referred to in clause (c) of section 5 of the Competition Act, where the value of assets being acquired, taken control of, merged or amalgamated is not more than rupees three hundred and fifty crores in India or turnover of not more than rupees one thousand crores in India, from the provisions of section 5 of the said Act for a period of five years from the date of publication of this notification in the official gazette. In the said notification, for the words “five years”, the words “ten years” shall be substituted.
Change TypeNotification
StateCentral
Effective Date16-March-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/234300.pdf

 

BIS notifies the Bureau of Indian Standards (Conformity Assessment) Amendment Regulations, 2022

Brief DetailsThe 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, hereby makes the regulations further to amend the Bureau of Indian Standards (Conformity Assessment) Regulations, 2018.
Change TypeNotification
StateCentral
Effective Date17-March-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/234268.pdf

 

DGFT notifies Amendments in the Guidelines of ANF-4F of Handbook of Procedures 2015-2020

Brief DetailsThe Directorate General of Foreign Trade, in exercise of powers conferred under Paragraph 1.03 of the Foreign Trade Policy 2015-2020, makes the amendments in the guidelines of ANF-4F of Handbook of Procedures, 2015-2020.
Change TypeNotification
StateCentral
Effective Date17-March-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/234283.pdf

 

CEA notifies revision /deletion of the formats in the Central Electricity Authority (Furnishing of Statistics, Returns and Information) Regulations, 2007

Brief DetailsThe Central Electricity Authority, in exercise of the powers conferred under sub-regulation (2) of Regulation 9 of the Central Electricity Authority (Furnishing of Statistics, Returns and Information) Regulations, 2007, hereby makes the revision /deletion of the formats in the said Regulations.
Change TypeNotification
StateCentral
Effective Date17-March-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/234291.pdf

 

MCA notifies extension to relaxations provided under certain sections of Competition act, 2002

Brief DetailsThe Ministry of Corporate Affairs, in exercise of the powers conferred by clause (a) of section 54 of the Competition Act, 2002, hereby extends the validity of the exemption and for the said purpose amends the notification dated 29th June, 2017 which stated exemption to every person or enterprise who is a party to a combination as referred to in section 5 of the said Act from giving notice within thirty days mentioned in sub-section (2) of section 6 of the said Act, subject to the provisions of sub-section (2A) of section 6 and section 43A of the said Act, for a period of five years. In the said notification, for the words “five years”, the words “ten years” shall be substituted.
Change TypeNotification
StateCentral
Effective Date16-March-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/234278.pdf

 

RBI notifies amendment to Payment and Settlement Systems Regulations, 2008

Brief DetailsThe Reserve Bank of India, in exercise of the powers conferred by sub-section (1) read with clauses (b) to (f) of sub-section (2) of Section 38 of the Payment and Settlement Systems Act (PSS Act), 2007, has carried out amendments to Regulation 5, Regulation 6 (2) and the ‘schedule’ to Regulation 5 of the Payment and Settlement Systems Regulations, 2008.
Change TypePress Release
StateCentral
Effective Date17-March-2022
Sourcehttps://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=53433

 

CBDT issues Circular for Relaxation from the requirement of electronic filing of application in Form No.3CF for seeking approval under Section 35(1 )(ii)/(iia)/(iii) of the Income-tax Act,1961

Brief DetailsThe Central Board of Direct Taxes issues Circular for Relaxation from the requirement of electronic filing of application in Form No.3CF for seeking approval under Section 35(1 )(ii)/(iia)/(iii) of the Income-tax Act,1961 (​Circular No. 5/2022). Applicants seeking approval under Section 35(1)(ii)/(iia)/(iii) of the Act may file the application in Form No.3CF physically during the period from the date of issuance of this Circular till 30th September 2022; or the date of availability of Form No. 3CF for electronic filing on the e-filing website, whichever is earlier.
Change TypeCircular
StateCentral
Effective Date16-March-2022
Sourcehttps://incometaxindia.gov.in/communications/circular/circular-no-5-2022.pdf

 

CBDT issues Circular for Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form 10-IC for Assessment Year 2020-21

Brief DetailsThe Central Board of Direct Taxes issues Circular for Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form 10-IC for Assessment Year 2020-21 (​Circular No. 6/2022).
Change TypeCircular
StateCentral
Effective Date17-March-2022
Sourcehttps://incometaxindia.gov.in/communications/circular/circular-no-6-2022.pdf

 

SEBI issues Circular for Revision in Orders Per Second limit for algorithmic trading in Commodity Derivatives Segment of the Stock Exchange

Brief DetailsThe Securities and Exchange Board of India, in exercise of the powers conferred under Section 11 (1) of the Securities  and  Exchange  Board  of  India  Act,  1992 issues Circular for Revision in Orders Per Second limit for algorithmic trading in Commodity Derivatives Segment of the Stock Exchange.
Change TypeCircular
StateCentral
Effective Date01-April-2022
Sourcehttps://bit.ly/3CPT1BI

 

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

Brief DetailsThe 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. The members are required to submit Artificial Intelligence (AI) and Machine Learning (ML) applications and systems details as on 31st March, 2022 to the Exchange latest by 15th April, 2022.
Change TypeNotification
StateCentral
Effective Date17-March-2022
Sourcehttps://ncdex.com/public/uploads/circulars/AI_ML_Mar_17032022_1647505234.pdf

 

Government of West Bengal notifies Order regarding relaxation of night curfew and restrictions in lieu of covid-19 on the occasion of Holi Festival on 17th and 18th of March 2022

Brief DetailsThe Government of West Bengal notifies on the occasion of the Holi Festival, restrictions relating to movement of people and vehicles between 12 midnight to 5 Am as already relaxed for the night of  17th  March, 2022 vide order no. 753/XXV-ISS/2M/2020 dated 10/03/2022, shall also stay relaxed for the night of 18th March 2022.
Change TypeNotification
StateWest Bengal
Effective Date17-March-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-10-4.pdf

 

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

Brief DetailsThe Securities and Exchange Board of India, in exercise of the powers conferred by sub-section (1) of Section 30 read with sub-section (1) of Section 11, clause (ba) and clause (c) of sub-section (2) of Section 11 and sub-section (1) and (1B) of Section 12 of the Securities and Exchange Board of India Act, 1992, hereby makes the regulations to further amend the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012. The amendment is substitution of clause (d) of sub-regulation (1) of Regulation 15 of Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012.
Change TypeNotification
StateCentral
Effective Date16-March-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/234253.pdf

 

CBDT issues Circular for Income-tax Deduction from Salaries under section 192 of the Income-tax Act, 1961

Brief DetailsThe Central Board of Direct Taxes issues Circular for Deduction of Tax at Source – Income-tax Deduction from Salaries during the financial year 2021-22 under section 192 of the Income-tax Act, 1961 (​Circular No. 4/2022).
Change TypeCircular
StateCentral
Effective Date15-March-2022
Sourcehttps://incometaxindia.gov.in/news/circular-04-2022.pdf

 

Government of Uttar Pradesh declares Public Holiday On Account Of Holi In Uttar Pradesh

Brief DetailsThe Government of Uttar Pradesh declares Public Holiday On Account Of Holi In Uttar Pradesh. It has declared public holiday on account of Holi celebrating  on 19th March 2022 (Saturday) along with previous holiday declared on 18th March 2022 (Friday).
Change TypeNotification
StateUttar Pradesh
Effective Date19-March-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-3-6.pdf

 

MoEFCC notifies for Prohibiting Production, Stocking, Distribution, Sale & Use of Single Use Plastic (SUP) Items

Brief DetailsThe Ministry of Environment, Forest and Climate Change notifies for manufacture, import, stocking, distribution, sale and use of identified Single Use Plastic items shall be prohibited with effect from the 1st July, 2022 with respect to Plastic Waste Management Rules, 2016.
Change TypeNotification
StateCentral
Effective Date04-February-2022
Sourcehttps://bit.ly/3u8dDRE

 

SEBI issues Circular for Discontinuation of usage of pool accounts for transactions in the units of Mutual Funds

Brief DetailsThe Securities and Exchange Board of India, in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with the provisions of Regulation 77 of SEBI (Mutual Funds) Regulations, 1996, issues Circular for Discontinuation of usage of pool accounts for transactions in the units of Mutual Funds: Clarifications with respect to Circulars dated 4th October 2021. The provisions of this Circular shall be applicable with effect from 1st April, 2022 except the requirement at clause 2.4 above which shall be applicable with effect from 15th April, 2022.
Change TypeCircular
StateCentral
Effective Date01-April-2022
Sourcehttps://bit.ly/3u8lBdU

 

NSE issues guidelines for maintaining bank accounts by the Trading Members further to Circular dated 3rd February 2022

Brief DetailsThe National Stock Exchange issues guidelines for maintaining bank accounts by the Trading Members further to Circular dated 3rd February 2022. Exchange has decided to allow members to maintain client bank accounts with banks empaneled by any of the clearing corporations for issuance of Bank Guarantees (BGs) and Fixed Deposit Receipt (FDRs) and Payment banks as well. Members shall take confirmation from such bank(s) by 15th April 2022, for the existing bank accounts maintained by them and shall submit the same to Exchange.
Change TypeCircular
StateCentral
Effective Date15-March-2022
Sourcehttps://archives.nseindia.com/content/circulars/INSP51639.pdf

 

CDSL notifies mandatory updation of 6 KYC attributes for new and existing demat accounts

Brief DetailsThe Central Depository Services (India) Limited notifies mandatory updation of 6 KYC attributes for new and existing demat accounts by EOD of 31st March 2022. When the demat account becomes compliant with 6 KYC attributes and if it was frozen only with reason code “21”, the demat account can immediately be unfrozen by the DP.
Change TypeNotification
StateCentral
Effective Date15-March-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-3-5.pdf

 

CDSL notifies amendments to CDSL s DP Operating Instructions

Brief DetailsThe Central Depository Services (India) Limited notifies amendments to CDSL s DP Operating Instructions. The amendments have been affected in Chapter 2 – Account Opening and Chapter-7 – Transmission of CDSL’s DP Operating Instructions.
Change TypeNotification
StateCentral
Effective Date15-March-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-4-2.pdf

 

MCX issues Circular for Revised Forms for filing Arbitration and Appellate Arbitration reference

Brief DetailsThe Multi Commodity Exchange issues Circular for Revised Forms for filing Arbitration and Appellate Arbitration reference.
Change TypeCircular
StateCentral
Effective Date15-March-2022
Sourcehttps://www.mcxindia.com/docs/default-source/circulars/english/2022/march/circular-158—2022.pdf?sfvrsn=844b0291_0

 

Government of Tamil Nadu notifies Registration of Petrol, Diesel & LPG dispensing pumps/ stations under the Factories Act, 1948

Brief DetailsThe Government of Tamil Nadu hereby instructs to take necessary action to register all the Petrol, Diesel and LPG dispensing pumps/ stations under Section 2(m) (i) & Section 85(1) of the Factories Act, 1948.
Change TypeNotification
StateTamil Nadu
Effective Date28-January-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-6.pdf

 

Government of Maharashtra notifies the Maharashtra Shops and Establishments (Regulation of Employment and Conditions of Service) (Amendment) Act, 2022

Brief DetailsThe Government of Maharashtra hereby amends Maharashtra Shops and Establishments (Regulation of Employment and Conditions of Service) Act, 2017 namely the Maharashtra Shops and Establishments (Regulation of Employment and Conditions of Service) (Amendment) Act, 2022.
Change TypeNotification
StateMaharashtra
Effective Date04-March-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-7-1.pdf

 

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

Brief DetailsThe Ministry of Road Transport and Highways, in exercise of the powers conferred by section 110 of the Motor Vehicles Act, 1988, hereby makes the rules further to amend the Central Motor Vehicles Rules, 1989. The amendment is in Rule 93 and insertion after rule 125J of Central Motor Vehicles Rules, 1989.
Change TypeNotification
StateCentral
Effective Date14-March-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/234186.pdf

 

RBI notifies Master Direction – Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022

Brief DetailsThe Reserve Bank of India, in exercise of the powers conferred by Section 21, Section 35A and Section 56 of the Banking Regulation Act, 1949; Chapter IIIB of the Reserve Bank of India Act, 1934; and Sections 30A and Section 32 of the National Housing Bank Act, 1987, hereby notifies Master Direction – Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022.
Change TypeMaster Direction
StateCentral
Effective Date14-March-2022
Sourcehttps://rbi.org.in/Scripts/NotificationUser.aspx?Id=12256&Mode=0

 

MCX issues Circular for Penalty structure for Non-issuance of ‘Statement of Accounts’ for funds, securities and commodities on weekly basis to clients

Brief DetailsThe Multi Commodity Exchange issues Circular for Penalty structure for Non-issuance of ‘Statement of Accounts’ for funds, securities and commodities on weekly basis to clients.
Change TypeCircular
StateCentral
Effective Date14-March-2022
Sourcehttps://www.mcxindia.com/docs/default-source/circulars/english/2022/march/circular-152-2022.pdf?sfvrsn=d49d0291_0

 

MCX issues Circular for Disciplinary Actions for incorrect / wrong submission of Cash & Cash Equivalent Balances and Bank Account Balances by members

Brief DetailsThe Multi Commodity Exchange issues Circular for Disciplinary Actions for incorrect / wrong submission of Cash & Cash Equivalent Balances And Bank Account Balances by members. The Penalty may vary from warning to Rs. 1 lac on case-to-case basis in case of Material wrong submission or incorrect submission of Cash & Cash Equivalent Balances and Bank Account Balances.
Change TypeCircular
StateCentral
Effective Date14-March-2022
Sourcehttps://www.mcxindia.com/docs/default-source/circulars/english/2022/march/circular-153-2022.pdf?sfvrsn=7a9c0291_0

 

Ministry of Commerce and Industry notifies Review of FDI policy for permitting foreign investment in LIC

Brief DetailsThe Ministry of Commerce and Industry notifies for Review of Foreign Direct Investment (FDI) policy for permitting foreign investment in Life Insurance Corporation of India (LIC) and other modifications for further clarity of the existing FDI policy.
Change TypePress Note
StateCentral
Effective Date14-March-2022
Sourcehttps://dpiit.gov.in/sites/default/files/Press_Note_1_2022_14March2022.pdf

 

PCB Assam notifies regarding prescription of processing fees and penalties to be levied on industries/establishments/ occupiers under purview of relevant statutes

Brief DetailsThe Pollution Control Board, Assam hereby notifies regarding prescription of processing fees and penalties to be levied on industries/ establishments/ occupiers under purview of relevant statutes.
Change TypeNotification
StateAssam
Effective Date10-March-2022
Sourcehttps://www.pcbassam.org/Notice/public%20notice%20for%20processing%20final.pdf

 

CDSL issues Circular for Incentive To DPs for Opening and maintaining BSDA accounts for the F.Y. 2020-21

Brief DetailsThe Central Depository Services (India) Limited issues Circular for Incentive To Depository Participants for Opening and maintaining Basic Services Demat Accounts (BSDA) for the Financial year 2020-21.
Change TypeCircular
StateCentral
Effective Date11-March-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-1-1-1.pdf

 

NESL issues Circular for Added Articles for Assam State for Digital e-stamping

Brief DetailsThe National E-Governance Services Limited issues Circular for NeSL Digital Document Execution (DDE) users (registered banks and NBFC’s), to take note of the added additional Articles for Assam state under digital e-stamping.
Change TypeNotification
StateAssam
Effective Date10-March-2022
Sourcehttps://nesl.co.in/wp-content/uploads/2022/03/Communique-51-Added-Articles-for-Assam-State-for-Digital-e-stamping-.pdf

 

Government of Kerala notifies The Minimum Wages notification for January 2022

Brief DetailsThe Government of Kerala notifies The Consumer Price Index (Cost of Living Index) Numbers applicable to employees in employment under the Minimum Wages Act (Central Act XI of 1948) for the month of January 2022 as ascertained by the Director of Economics & Statistics under clause (C) of Section 2 of the Act. This is for Agricultural Labourers and Industrial Workers.
Change TypeNotification
StateKerala
Effective Date08-March-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-3-4.pdf

 

Ministry of Finance notifies Rule 3 of Aadhaar Authentication for Good Governance (Social Welfare, Innovation, Knowledge) Rules, 2020

Brief DetailsThe Ministry of Finance,  in exercise of the powers conferred by clause (aa) of sub-section (2) of section 53 of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 (18 of 2016) read with rule 5 of the Aadhaar Authentication for Good Governance (Social Welfare, Innovation, Knowledge) Rules, 2020, hereby notifies the use of Aadhaar authentication services for validation of identity of Users of the FINnet system, on voluntary basis, in terms of rule 3 of the said rules.
Change TypeNotification
StateCentral
Effective Date10-March-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/234047.pdf

 

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

Brief DetailsThe National Stock Exchange of India Limited issues Circular for Application Programming Interface (API) for Weekly submission of Holding Statement, Cash and Cash Equivalent Balances and Bank Balances.  It shall be made applicable from week ended 16th April 2022 onwards, the due date of which will be April 21, 2022, and for each week thereafter.
Change TypeCircular
StateCentral
Effective Date16-April-2022
Sourcehttps://archives.nseindia.com/content/circulars/INSP51599.pdf

 

NSE issues Circular for New compliance on Introduction of Change in Name Module on ENIT

Brief DetailsThe National Stock Exchange of India Limited issues Circular for New compliance on Introduction of Change in Name Module on ENIT. Members have to seek approval for Change in Name are required to submit their request electronically through-cited module. No hard copy applications will be accepted from 11th March 2022 onwards.
Change TypeCircular
StateCentral
Effective Date11-March-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-3-3.pdf

 

CDSL notifies amendment to CDSL byelaws

Brief DetailsThe Central Depository Services (India) Limited notifies amendment to CDSL byelaws. Depository Participants (DPs) are hereby informed that the CDSL Bye Laws have been amended with respect to mode of operation and transmission of securities in joint demat account (refer Annexure A).
Change TypeNotification
StateCentral
Effective Date09-March-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-4-1.pdf

 

Government of Madhya Pradesh notifies Exemption On Working Hour Under The Madhya Pradesh Shops And Establishments Act, 1958

Brief DetailsThe Government of Madhya Pradesh, in exercise of powers conferred by sub-section 2 of Section 3 of the Madhya Pradesh Shops And Establishments Act, 1958 notifies that provision on opening and closing hours of restaurants and eating houses under The Madhya Pradesh Shops And Establishments Act, 1958 shall not apply to establishments such as restaurants and eating houses located in whole state of Madhya Pradesh following terms and conditions as mentioned.
Change TypeNotification
StateMadhya Pradesh
Effective Date08-March-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-5-1.pdf

 

RBI issues Circular for Rupee Interest Rate Derivatives (Reserve Bank) Directions – Review

Brief DetailsThe 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 issues Circular for Rupee Interest Rate Derivatives (Reserve Bank) Directions – Review.
Change TypeCircular
StateCentral
Effective Date10-February-2022
Sourcehttps://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12229&Mode=0

 

RBI issues Circular for Transactions in Credit Default Swap (CDS) by Foreign Portfolio Investors – Operational Instructions

Brief DetailsThe Reserve Bank of India, in exercise of the powers conferred under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 issues Circular for Transactions in Credit Default Swap (CDS) by Foreign Portfolio Investors – Operational Instructions.
Change TypeCircular
StateCentral
Effective Date09-May-2022
Sourcehttps://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12227&Mode=0

 

RBI updates Master Direction – Money Changing Activities

Brief DetailsThe Reserve Bank of India, in exercise of the powers conferred under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 updates Master Direction – Money Changing Activities.
Change TypeMaster Direction
StateCentral
Effective Date04-March-2022
Sourcehttps://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=11518

 

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

Brief DetailsThe 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 (Act 2 of 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.
Change TypeMaster Direction
StateCentral
Effective Date03-March-2022
Sourcehttps://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=10586

 

MHA notifies the Foreigners (Amendment) Order, 2022

Brief DetailsThe Ministry of Home Affairs, in exercise of the powers conferred by section 3 of the Foreigners Act, 1946, hereby makes the order further to amend the Foreigners Order, 1948. The amendments are insertions after Paragraph 3 and Paragraph 16 in the Foreigners Order, 1948.
Change TypeNotification
StateCentral
Effective Date09-March-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/234005.pdf

  

RBI notifies NaBFID – All India Financial Institution (AIFI)

Brief DetailsThe Reserve Bank of India, in exercise of the powers conferred by the Reserve Bank under Sections 45L and 45N of the Reserve Bank of India Act, 1934 notifies that National Bank for Financing Infrastructure and Development (NaBFID) shall be regulated and supervised as an All India Financial Institution (AIFI) by the Reserve Bank. It shall be the fifth AIFI after EXIM Bank, NABARD, NHB and SIDBI.
Change TypePress Note
StateCentral
Effective Date09-March-2022
Sourcehttps://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=53392

 

NSE issues Circular for Aadhaar seeding with PAN

Brief DetailsThe National Stock Exchange of India Limited issues Circular for Aadhaar seeding with PAN. It is informed that with effect from 1st April 2022, PANs not seeded with Aadhaar will be considered as invalid for the purpose of trading in the Securities Market.  Hence seeding should be complied with 31st March 2022.
Change TypeCircular
StateCentral
Effective Date09-March-2022
Sourcehttps://archives.nseindia.com/content/circulars/ISC51579.pdf

 

NSDL issues Circular for Amendment to Bye Laws and Business Rules

Brief DetailsThe National Securities Depository Limited, issues Circular for Amendment to Bye Laws and Business Rules. The amendments are Insertion of new Byelaw 9.1.7 and Insertion of New Business Rule 4.5.4 enclosed at Annexure A and Amendment to FORM 9 of Business Rules [Account Opening Form – Individual] changes are highlighted in track change mode.
Change TypeCircular
StateCentral
Effective Date08-March-2022
Sourcehttps://bit.ly/3hT9NGn

 

IRDAI issues Circular for Disclosure of underwriting philosophy of offering Health Insurance Coverage to Transgender persons

Brief DetailsThe Insurance Regulatory And Development Authority of India under the provisions of IRDAI (Health Insurance) Regulations, 2016 issues Circular for Disclosure of underwriting philosophy of offering Health Insurance Coverage to Transgender persons.
Change TypeCircular
StateCentral
Effective Date07-March-2022
Sourcehttps://www.irdai.gov.in/ADMINCMS/cms/whatsNew_Layout.aspx?page=PageNo4650&flag=1

 

Government of Andhra Pradesh notifies amendments to the Andhra Pradesh Factories Rules, 1950

Brief DetailsThe Government of Andhra Pradesh, in exercise of the powers conferred under section 112 of the Factories Act, 1948, hereby makes the following amendments to the Andhra Pradesh Factories Rules, 1950.
Change TypeNotification
StateAndhra Pradesh
Effective Date04-March-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-10-3.pdf

 

Government of Meghalaya notifies regarding exemption of road tax for electric vehicles

Brief DetailsThe Government of Meghalaya notifies for exemption of Road tax for electric vehicles in Meghalaya under the provisions of the Meghalaya Electric Vehicle Policy-2021 with immediate effect until 31st March 2026.
Change TypeNotification
StateMeghalaya
Effective Date04-March-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-11-3.pdf

 

BIS notifies amendment in some of the Indian Standards w.r.t textiles, power systems and medical electrical equipment

Brief DetailsThe Bureau of Indian Standards, in pursuance of Sub-rule (1) of Rule (15) of the Bureau of Indian Standards Rules, 2018, hereby notifies amendment to Indian standards with respect to Textiles, power systems and medical electrical equipment. The particulars are given in the second column of the schedule hereto annexed have been established on the date indicated against it in third column. The particulars of the standards, if any, which are given in the fourth column, shall also remain in force concurrently until they are withdrawn on the date indicated against them in the fifth column.
Change TypeNotification
StateCentral
Effective Date08-March-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/233985.pdf

 

SEBI amends Operational  Circular  for  issue  and  listing  of  Non-convertible Securities, Securitised Debt Instruments,  Security  Receipts,  Municipal  Debt Securities and Commercial Paper  

Brief DetailsThe Securities and Exchange Board of India, in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with Regulation 55 (1) of the SEBI  (Issue  and  Listing  of  Non-convertible  Securities)  Regulations,  2021 issues Circular for Revision  to Operational  Circular  for  issue  and  listing  of  Non-convertible Securities, Securitised  Debt  Instruments,  Security  Receipts,  Municipal  Debt Securities and Commercial Paper.
Change TypeCircular
StateCentral
Effective Date01-May-2022
Sourcehttps://bit.ly/362gQtZ

 

CDSL notifies separate intimation of filing of important and urgent STRs to FIU – India by reporting entities

Brief DetailsThe Central Depository Services (India) Limited advise Depository Participants (DPs) to comply with the communication received from Financial Intelligence Unit – India, regarding Requirement of Separate Intimation of filing of Important and urgent Suspicious Transaction Reports (STRs) to FIU-India by Reporting Entities.
Change TypeNotification
StateCentral
Effective Date08-March-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-3-2.pdf

 

Government of Goa notifies order regarding COVID- 19 restrictions

Brief DetailsThe Government of Goa, in exercise of the powers conferred under the Disaster Management Act, 2005 notifies enforce certain measures throughout the State until further order.
Change TypeNotification
StateGoa
Effective Date07-March-2022
Sourcehttps://www.goa.gov.in/wp-content/uploads/2022/03/Order-dated-7-3-22-SOPs.pdf

 

Ministry of Labour and Employment notifies the Employees’ State Insurance (Central) Amendment Rules, 2022

Brief DetailsThe Ministry of Labour and Employment, in exercise of the powers conferred by section 95 of the said Act, hereby makes the rules further to amend the Employees’ State Insurance (Central) Rules, 1950. The amendment is insertion after the third proviso in sub-rule (1) of rule 55.
Change TypeNotification
StateCentral
Effective Date20-January-2017
Sourcehttps://egazette.nic.in/WriteReadData/2022/233973.pdf

 

Ministry of Commerce and Industry notifies Extension of Last Date for Submitting applications under certain Scrip based Schemes

Brief DetailsThe 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, the Central Government hereby makes the following amendments in the Foreign Trade Policy 2015-20. The amendment is made in Para 3.04 A and Para 3.13A of FTP 2015-20.
Change TypeNotification
StateCentral
Effective Date07-March-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/233976.pdf

 

NSE issues Circular for CERT-In Advisory “Preventing Data Breaches / Data Leaks”

Brief DetailsThe National Stock Exchange of India Limited issues Circular for CERT-In which has issued an advisory dated 20thJanuary, 2021 with respect to “Preventing Data Breaches / Data Leaks”. All members are advised to adhere to cyber security guidelines / advisories issued in the past, follow best industry practices, and comply with other guidelines issued by CERT-In and NCIIPC from time to time.
Change TypeCircular
StateCentral
Effective Date07-March-2022
Sourcehttps://archives.nseindia.com/content/circulars/COMP51527.pdf

 

NSDL issues Circular for Investor Education and Protection Fund (IEPF) related value added services

Brief DetailsThe National Securities Depository Limited, issues Circular for Investor Education and Protection Fund (IEPF) related value added services.
Change TypeCircular
StateCentral
Effective Date07-March-2022
Sourcehttps://bit.ly/35IdU5H

 

SEBI issues Circular for Automation of disclosure requirements under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011- System Driven Disclosures -Ease of doing business.

Brief DetailsThe Securities and Exchange Board of India, in exercise of the powers  conferred  under Section 11(1) of the Securities and Exchange Board of India Act, 1992 issues Circular for Automation of disclosure requirements under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011- System  Driven Disclosures.
Change TypeCircular
StateCentral
Effective Date01-July-2022
Sourcehttps://bit.ly/35Cwvjy

 

FSSAI notifies Clarification regarding the decision of 33rd CAC in respect of the procedure for issuance of Notices under Section-32 of the FSS Act, 2006

Brief DetailsThe Food Safety and Standards Authority of India notifies Clarification regarding the decision of 33rd CAC in respect of the procedure for issuance of Notices under Section-32 of the FSS Act, 2006.
Change TypeNotification
StateCentral
Effective Date07-March-2022
Sourcehttps://www.fssai.gov.in/upload/advisories/2022/03/6225c5e9962d5Clarification_CAC_Minutes_07_03_2022.pdf

 

Ministry of Commerce and Industry notifies reopening of application window for PLI Scheme for White Goods (ACs and LED Lights) from 10th March to 25th April 2022

Brief DetailsThe Ministry of Commerce and Industry notifies reopening of application window for PLI Scheme for White Goods (ACs and LED Lights) from 10th March to 25th April 2022 to give second chance to prospective investors to take benefits of the Scheme.
Change TypeNotification
StateCentral
Effective Date10-March-2022
Sourcehttps://dpiit.gov.in/sites/default/files/Press_Note-PLIWG-Inviting-Applications-07032022.pdf

 

BIS notifies the Bureau of Indian Standards (Hallmarking) Amendment Regulations, 2022

Brief DetailsThe Bureau of Indian Standards, in exercise of the powers conferred by section 39 read with sections 13 and 14 of the Bureau of Indian Standards Act, 2016, hereby makes the regulations to further amend the Bureau of Indian Standards (Hallmarking) Regulations, 2018. The amendment is substitution for Schedule IV in Bureau of Indian Standards (Hallmarking) Regulations, 2018.
Change TypeNotification
StateCentral
Effective Date04-March-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/233929.pdf

 

Commissioner of Labour Telangana, Hyderabad releases Telangana Minimum Wages CPI Notification

Brief DetailsThe Commissioner of Labour Telangana, Hyderabad and the Competent authority under the Minimum Wages Act, 1948 has declared the CPI points for calculation of variable dearness allowance for the state of Telangana with effect from 1st April 2022.
Change TypePress Note
StateTelangana
Effective Date01-April-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-9-2.pdf

 

Government of Karnataka notifies regarding revision of minimum rate of wages for various employments

Brief DetailsThe Government of Karnataka notifies regarding revision of minimum rate of wages for various employments.
Change TypeNotification
StateKarnataka
Effective Date03-March-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-10-2.pdf

 

ESIC notifies regarding Reimbursement of expenditure incurred by IPs and their families on medical care treatment taken during emergency from non ESI Hospitals

Brief DetailsThe Employees’ State Insurance Corporation notifies regarding Reimbursement of expenditure incurred by IPs and their families on medical care treatment taken during emergency from non ESI Hospitals. It is clarified that such expenditure incurred shall be regulated in accordance with Regulation 96 B.
Change TypeNotification
StateCentral
Effective Date28-February-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-11-2.pdf

 

UIDAI notifies Aadhaar (Enrolment and Update) (Ninth Amendment) Regulations, 2022

Brief DetailsThe Unique Identification Authority of India, in exercise of the powers conferred by subsection (1), and sub-clauses (e),(l) and (x) of sub-section (2) of Section 54 of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act 2016, as amended vide the Aadhaar and Other Laws (Amendment) Act, 2019, hereby makes the regulations to further amend the Aadhaar (Enrolment and Update) Regulations, 2016, namely Aadhaar (Enrolment and Update) (Ninth Amendment) Regulations, 2022. The amendment is in Regulation 28(1) (e), Regulation 29 (1) and Regulation 30 (1)   of the Aadhaar (Enrolment and Update) Regulations, 2016.
Change TypeNotification
StateCentral
Effective Date01-January-2023
Sourcehttps://egazette.nic.in/WriteReadData/2022/233904.pdf

 

MOHFW notifies Medical Devices (2nd Amendment) Rules, 2022   

Brief DetailsThe 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 rules further to amend the Medical Devices Rules, 2017.  The amendment is in rule 36, in sub-rule (3), for the words “or the United States Of America” the words “United Kingdom or the United States of America” shall be substituted.
Change TypeNotification
StateCentral
Effective Date04-March-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/233935.pdf

 

NaBFID notifies the National Bank for Financing Infrastructure and Development General Regulations, 2022

Brief DetailsThe National Bank for Financing Infrastructure and Development, in exercise of the powers conferred by section 32 of the National Bank for Financing Infrastructure and Development Act, 2021, hereby makes the following regulations, namely the National Bank for Financing Infrastructure and Development General Regulations, 2022.
Change TypeNotification
StateCentral
Effective Date04-March-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/233916.pdf

 

MCA notifies Limited Liability Partnership (Second Amendment) Rules, 2022

Brief DetailsThe Ministry of Corporate Affairs, in exercise of the powers conferred by sub-sections (1) and (2) of Section 79 of the Limited Liability Partnership Act, 2008, hereby makes the rules to amend the Limited Liability Partnership Rules, 2009.
Change TypeNotification
StateCentral
Effective DateShall come into force from the date of its publication in the Official Gazette
Sourcehttps://www.mca.gov.in/bin/dms/getdocument?mds=iorXjBHYBr94XltGw2NNBA%253D%253D&type=open

 

NCCL issues Circular for Guidelines to Clearing Members for effective oversight over trading members cleared by Clearing Members

Brief DetailsThe National Commodity Clearing Limited issues Circular for Guidelines to Clearing Members for effective oversight over trading members cleared by Clearing Members. It is to be noted that the Clearing Members (CM) may place reliance on an internal audit report submitted by the Trading Member (TM), on a quarterly basis to the Clearing Member.
Change TypeCircular
StateCentral
Effective Date04-March-2022
Sourcehttps://bit.ly/3HOONuU

 

NCDEX issues Circular for Submission of Annual Return for the Financial Year 2020-21- Reminder

Brief DetailsThe National Commodity & Derivatives Exchange Limited issues Circular for Reminder for Submission of Annual Return for the Financial Year 2020-21. Members who have not yet uploaded their Annual Return are being reminded to submit the same. Annual Returns to be submitted only by way of uploading in an electronic format through NCFE portal on or before March 15, 2022. No physical copies should be submitted to the Exchange.
Change TypeCircular
StateCentral
Effective Date04-March-2022
Sourcehttps://ncdex.com/public/uploads/circulars/Submission_of_Annual_Return_2020-21-%20Reminder_1646396862.pdf

 

CERSAI notifies regarding new procedure/template for Rectification

Brief DetailsThe Central Registry of Securitisation Asset Reconstruction and Security Interest of India notifies regarding new procedure/template for Rectification. It is to be noted that as the new procedure aims to put in place an arrangement of closer examination of rectification entries, secured creditors are urged to diligently apply discretion while submitting rectification entry henceforth.
Change TypeNotification
StateCentral
Effective Date06-March-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-7.pdf

 

Government of Punjab notifies Exemption To Conditions For Women Employee Under The Punjab Shops And Commercial Establishment Act, 1958

Brief DetailsThe Government of Punjab notifies formulation of a scheme for the Shops and Establishments in the state under The Punjab Shops And Commercial Establishment Act 1958. As per the scheme, exemption given to the provisions towards conditions of employment for women and exemption will be given on case-to-case basis on receipt of applications from the establishments on the mentioned terms and conditions. The exemption awarded towards working hour of women employee subject to conditions is mentioned in the notification.
Change TypeNotification
StatePunjab
Effective Date03-March-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-8.pdf

 

Government of Punjab notifies Covid-19 restrictions from 26th Feb 2022 to 25th March  2022

Brief DetailsThe Government of Punjab, in exercise of the powers conferred under Section 2 of the Epidemic Disease Act, 1897, read with all other enabling provisions of Disaster Management Act, 2005 shall enforce Covid-19 restrictions from 26th Feb 2022 to 25th March 2022.
Change TypeNotification
StatePunjab
Effective Date26-February-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-9-1.pdf

 

Government of Maharashtra notifies Covid-19 restrictions from 4th March  2022

Brief DetailsThe Government of Maharashtra notifies Covid-19 restrictions from 4th March 2022 from 0000 hrs. across the State and to remain in force till the issue of any new order.
Change TypeNotification
StateMaharashtra
Effective Date04-March-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-10-1.pdf

 

KSPCB notifies Guidelines for bringing industries under OCEEMS (Online Consent Effluent & Emission Monitoring System)

Brief DetailsThe Kerala State Pollution Control Board notifies guidelines for bringing industries under OCEEMS (Online Consent Effluent & Emission Monitoring System).
Change TypeNotification
StateKerala
Effective Date28-February-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-11-1.pdf

 

Ministry of Road Transport and Highways notifies Compensation to Victims of Hit and Run Motor Accidents Scheme, 2022

Brief DetailsThe Ministry of Road Transport and Highways, in exercise of the powers conferred by section 161 of the Motor Vehicles Act, 1988, and in supersession of the Solatium Scheme, 1989 issued vide number S.O. 440 (E), dated the 12th June, 1989, except as respects things done or omitted to be done before such supersession, the Central Government hereby makes the scheme, namely Compensation to Victims of Hit and Run Motor Accidents Scheme, 2022.
Change TypeNotification
StateCentral
Effective Date01-April-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/233756.pdf

 

 BIS notifies amendment in some of the Indian Standards w.r.t textiles and electrical appliances

Brief DetailsThe Bureau of Indian Standards, in pursuance of Sub-rule (1) of Rule (15) of the Bureau of Indian Standards Rules, 2018, hereby notifies amendment to Indian standards with respect to Textiles. The particulars are given in the second column of the schedule hereto annexed have been established on the date indicated against it in third column. The particulars of the standards, if any, which are given in the fourth column, shall also remain in force concurrently till they are withdrawn on the date indicated against them in the fifth column.
Change TypeNotification
StateCentral
Effective Date25-February-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/233842.pdf

 

CEA notifies Online submission of application for Prior approval under section 68(1) of Electricity Act, 2003

Brief DetailsThe Central Electricity Authority notifies Online submission of application for Prior approval under section 68(1) of Electricity Act, 2003. It is to be noted that all the entities applying for prior approval for installation of overhead transmission line under section 68(1) of Electricity Act, 2003 to Central Electricity Authority are being requested to submit their application along with all the necessary documents on the NSWS portal available on the following web link  https://www.nsws.gov.in/ .
Change TypeNotification
StateCentral
Effective Date21-February-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-3-1.pdf

 

Government of Andhra Pradesh notifies extension of order regarding Covid-19 restrictions

Brief DetailsThe Government of Andhra Pradesh notifies extension of order regarding Covid-19 restrictions. The Government hereby extends the implementation of the instructions / restrictions issued upto 14th March 2022.
Change TypeNotification
StateAndhra Pradesh
Effective Date28-February-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-4.pdf

 

Government of Madhya Pradesh notifies the application of The Madhya Pradesh Shops And Establishments Act, 1958

Brief DetailsThe Government of Madhya Pradesh, in exercise of the powers conferred by sub-section (4) of Section 1 of the Madhya Pradesh Shops And Establishments Act, 1958, hereby directs that the provisions of the said Act shall apply to the local areas of towns Bilhara, Malthon, Surkhi and Bandri of Sagar district.
Change TypeNotification
StateMadhya Pradesh
Effective Date22-February-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-1-1.pdf

 

Ministry of Consumer Affairs, Food and Public Distribution notifies Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2022

Brief DetailsThe Ministry of Consumer Affairs, Food and Public Distribution, in exercise of the powers conferred by section 3 of the Essential Commodities Act, 1955, hereby makes the order further to amend the Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs Order 2016. The states of Uttar Pradesh, Karnataka, Himachal Pradesh, Telangana, Rajasthan and Bihar are exempt from the quantities specified in this Control Order.
Change TypeNotification
StateCentral
Effective Date03-February-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-2.pdf

 

Ministry of Labour and Employment notifies Consumer Price Index for Industrial Workers

Brief DetailsThe Ministry of Labour and Employment notifies Consumer Price Index for Industrial Workers on base 2016 = 100 for different states.
Change TypeNotification
StateCentral
Effective Date28-February-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-3.pdf

 

MCA notifies National Financial Reporting Authority (Manner of Appointment and other Terms and Conditions of Service of Chairperson and Members) Amendment Rules, 2022 

Brief DetailsThe Ministry of Corporate Affairs, in exercise of the powers conferred by sub-section (3) of section 132 of the Companies Act, 2013, hereby makes the rules further to amend the National Financial Reporting Authority (Manner of Appointment and other Terms and Conditions of Service of Chairperson and Members) Rules, 2018. The amendments are substitutions for Rules 11, 15 and 16.
Change TypeNotification
StateCentral
Effective Date28-February-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/233770.pdf

 

CEA notifies Central Electricity Authority (Installation and Operation of Meters) (Amendment) Regulations, 2022

Brief DetailsThe Central Electricity Authority, in exercise of the powers conferred by sub-section (1) of section 55 read with clause (c ) of sub-section (2) of section 177 of the Electricity Act, 2003, hereby makes the regulations further to amend the Central Electricity Authority (Installation and Operation of Meters) Regulations, 2006.
Change TypeNotification
StateCentral
Effective Date28-February-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/233773.pdf

 

 Ministry of Finance notifies International Financial Services Centres Authority (Annual Report and Returns and Statements and Other Particulars) Rules, 2022

Brief DetailsThe Ministry of Finance, in exercise of the powers conferred by clauses (e) and (f) of sub-section (2) of section 27 read with section 19 of the International Financial Services Centres Authority Act, 2019, hereby makes the rules namely International Financial Services Centres Authority (Annual Report and Returns and Statements and Other Particulars) Rules, 2022.
Change TypeNotification
StateCentral
Effective Date28-February-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/233779.pdf

 

Ministry of Finance notifies International Financial Services Centres Authority (Form of Annual Statement of Accounts) Rules, 2022

Brief DetailsThe Ministry of Finance, in exercise of the powers conferred by clause (d) of sub-section (2) of section 27 read with sub-section (1) of section 16 of the International Financial Services Centres Authority Act, 2019 (50 of 2019) and in consultation with the Comptroller and Auditor- General of India, hereby makes the rules, namely International Financial Services Centres Authority (Form of Annual Statement of Accounts) Rules, 2022.
Change TypeNotification
StateCentral
Effective Date28-February-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/233780.pdf

 

NSE issues Circular for New compliance on Introduction of Change in Registered Office Address Module on ENIT

Brief DetailsThe National Stock Exchange of India Limited issues Circular for New compliance on Introduction of Change in Registered Office Address Module on ENIT. In the event of change in registered office address, the members shall submit their request electronically through cited module.
Change TypeCircular
StateCentral
Effective Date28-February-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-5.pdf

 

NCDEX issues Circular for UCC details of clients – Linking of PAN with Aadhaar

Brief DetailsThe National Commodity & Derivatives Exchange Limited issues Circular for Unique Client Code (UCC) details of clients – Linking of PAN with Aadhaar. All members are advised to ensure that their existing as well as new clients comply with the requirement of linking their PAN with Aadhaar in accordance with the guidelines as issued by the Government of India.
Change TypeCircular
StateCentral
Effective Date28-February-2022
Sourcehttps://bit.ly/3vxp083

 

NHB issues Circular for Revised format for Certificates on Adverse Balance

Brief DetailsThe National Housing Bank issues Circular for Revised format for Certificates on Adverse Balance. A new parameter has been included in the certificates on Adverse Balance under the name “Reason for shortfall”. Companies are requested to convey the reason for the shortfall like prepayment from the ultimate beneficiaries, conversion to NPA accounts etc. for the respective loan accounts in the corresponding cell. The revised format shall be applicable with effect from quarter ended March 2022.
Change TypeCircular
StateCentral
Effective Date25-February-2022
Sourcehttps://nhb.org.in/wp-content/uploads/2021/07/Refinance-Circular.pdf

 

MOHFW notifies Drugs (3rd Amendment) Rules, 2022

Brief DetailsThe Ministry of Health and Family Welfare, in exercise of the powers conferred by sections 12 and 33 of the Drugs and Cosmetics Act, 1940 (23 of 1940), hereby makes the further to amend the Drugs Rules, 1945.
Change TypeNotification
StateCentral
Effective Date25-February-2022
Sourcehttps://egazette.nic.in/WriteReadData/2022/233731.pdf

 

Ministry of Road Transport and Highways notifies Central Motor Vehicles (Motor Vehicle Accident Fund) Rules, 2022

Brief DetailsThe Ministry of Road Transport and Highways, in exercise of the powers conferred by clauses (v), (w), (x), and (y) of sub-section (2) of section 164C, read with section 164B of the Motor Vehicles Act, 1988, hereby makes the rules, namely Central Motor Vehicles (Motor Vehicle Accident Fund) Rules, 2022.
Change TypeNotification
StateCentral
Effective Date01-April-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-9.pdf

 

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

Brief DetailsThe Ministry of Road Transport and Highways, in exercise of the powers conferred by section 110 of the Motor Vehicles Act, 1988, hereby makes the rules further to amend the Central Motor Vehicles Rules, 1989.  The amendment is in Rule 93, in sub-rule (1) (A).
Change TypeNotification
StateCentral
Effective Date25-February-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-10.pdf

 

Ministry of Road Transport and Highways notifies amendment notification under Sub-Section (2) of Section 1 of the Motor Vehicles (Amendment) Act, 2019

Brief DetailsThe Ministry of Road Transport and Highways, in exercise of the powers conferred by sub-section (2) of section 1 of the Motor Vehicles (Amendment) Act, 2019, hereby appoints the 1st April, 2022 as the date on which the following provisions of the said Act shall come into force.
Change TypeNotification
StateCentral
Effective Date01-April-2022
Sourcehttps://www.ricago.com/wp-content/uploads/2022/03/Attachment-11.pdf

 

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