Daily Updates March 2022

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

Brief Details	The Bureau of Indian Standards, in pursuance of Sub-rule (1) of Rule (15) of the Bureau of Indian Standards Rules, 2018, hereby notifies Indian standards with respect to Information Technology. [Ref: HQ-PUB013/1/2020-PUB-BIS (331)]
Change Type	Notification
State	Central
Effective Date	30-March-2022
Source	https://egazette.nic.in/WriteReadData/2022/234668.pdf

CBDT notifies the Faceless Inquiry or Valuation Scheme, 2022

Brief Details	The 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 Type	Notification
State	Central
Effective Date	30-March-2022
Source	https://egazette.nic.in/WriteReadData/2022/234672.pdf

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

Brief Details	The Central Board of Indirect Taxes and Customs, in exercise of the powers conferred by section 80 of the Finance Act, 2018, hereby appoints the 1^st June, 2022, as the date from which the new chapter VIIA shall be inserted in the Customs Act, 1962.
Change Type	Notification
State	Central
Effective Date	01-June-2022
Source	https://egazette.nic.in/WriteReadData/2022/234686.pdf

CBIC notifies exemption in deposits in Customs Act,1962

Brief Details	The Central Board of Indirect Taxes and Customs, in exercise of the powers conferred by sub-section (4) of section 51A of the Customs Act, 1962, hereby exempts the deposits with respect to certain provisions. [No. 19/2022-CUSTOMS (N.T.)]
Change Type	Notification
State	Central
Effective Date	01-June-2022
Source	https://egazette.nic.in/WriteReadData/2022/234687.pdf

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

Brief Details	The 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 Type	Notification
State	Central
Effective Date	30-March-2022
Source	https://egazette.nic.in/WriteReadData/2022/234689.pdf

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

Brief Details	The 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 Type	Notification
State	Central
Effective Date	01-June-2022
Source	https://egazette.nic.in/WriteReadData/2022/234690.pdf

Ministry of Law and Justice notifies the Finance Act, 2022

Brief Details	The Ministry of Law and Justice notifies the Finance Act, 2022. Sections 2 to 85 shall come into force on the 1^st 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 Type	Notification
State	Central
Effective Date	30-March-2022
Source	https://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 Details	The Securities and Exchange Board of India, in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with Regulation 101 of the 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 Type	Circular
State	Central
Effective Date	01-April-2022
Source	https://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 Details	The Securities and Exchange Board of India, in exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with the provision of Regulation 77 of SEBI (Mutual Funds) 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 Type	Circular
State	Central
Effective Date	01-July-2022
Source	https://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 Details	The National Stock Exchange of India Limited issues Circular for Financial Action Task Force (FATF) Public Statements after March 2022. [NSE/INSP/51820]
Change Type	Circular
State	Central
Effective Date	30-March-2022
Source	https://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 Details	The 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 Type	Circular
State	Central
Effective Date	29-March-2022
Source	https://www.ricago.com/wp-content/uploads/2022/03/Attachment-11-4.pdf

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

Brief Details	The Government of Chhattisgarh vide notification No/08/2022/1897, has revised the VDA effective from 1^st April 2022 to 30^th September 2022 under the Minimum Wages Act, 1948.
Change Type	Notification
State	Chhattisgarh
Effective Date	01-April-2022
Source	https://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 Details	The 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 1^st April, 2023 and the period beginning from 1^st April, 2022 and ending with 31^st March, 2023, shall be the period during which the said sub-rule shall not have its negative consequences. [Circular No.7 of 2022]
Change Type	Circular
State	Central
Effective Date	01-April-2023
Source	https://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 Details	The 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 31^st 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 Type	Press Release
State	Central
Effective Date	01-April-2023
Source	https://bit.ly/3iP3kNd

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

Brief Details	The 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 Type	Notification
State	Tamil Nadu
Effective Date	30-March-2022
Source	https://www.ricago.com/wp-content/uploads/2022/03/Attachment-15.pdf

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

Brief Details	The Ministry of Finance, in partial modification of notification No. 4/15/2-16-ECB dated 27^th January, 2020 issued in Gazette of India on 28^th January, 2020, the amendments are hereby made in the “Instruction for filling Common Application Form (CAF)”. [F. No. 4/15/2016-ECB]
Change Type	Notification
State	Central
Effective Date	29-March-2022
Source	https://egazette.nic.in/WriteReadData/2022/234620.pdf

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

Brief Details	The 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 Type	Circular
State	Central
Effective Date	01-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/234634.pdf

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

Brief Details	The 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 Type	Notification
State	Central
Effective Date	29-March-2022
Source	https://egazette.nic.in/WriteReadData/2022/234635.pdf

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

Brief Details	The 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 Type	Circular
State	Central
Effective Date	29-March-2022
Source	https://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 29^th March, 2022

Brief Details	The Securities and Exchange Board of India notifies decisions of the SEBI Board Meeting on 29^th 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 Type	Press Release
State	Central
Effective Date	29-March-2022
Source	https://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 Details	The 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 Type	Notification
State	Central
Effective Date	28-March-2022
Source	https://egazette.nic.in/WriteReadData/2022/234568.pdf

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

Brief Details	The 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 Type	Circular
State	Central
Effective Date	28-March-2022
Source	https://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 Details	The 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 Type	Notification
State	Central
Effective Date	29-March-2022
Source	https://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 Details	The 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 Type	Notification
State	Central
Effective Date	28-March-2022
Source	https://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 Details	The 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 Type	Notification
State	Central
Effective Date	29-March-2022
Source	https://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 Details	The 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 Type	Notification
State	Andaman & Nicobar Islands
Effective Date	28-March-2022
Source	https://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 Details	The 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 Type	Notification
State	Central
Effective Date	01-October-2022
Source	https://egazette.nic.in/WriteReadData/2022/234582.pdf

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

Brief Details	The Securities and Exchange Board of India, in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 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 16^th March, 2022, to provide flexibility to Category III AIFs. [SEBI/HO/IMD/IMD-I/DOF6/P/CIR/2022/0000000037]
Change Type	Circular
State	Central
Effective Date	28-March-2022
Source	https://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 Details	The Securities and Exchange Board of India, in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 issues Circular for Product specifications pertaining to the Electronic Gold Receipts (EGR) segment in India. [SEBI/HO/CDMRD/DMP/P/CIR/2022/36]
Change Type	Circular
State	Central
Effective Date	28-March-2022
Source	https://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 Details	The 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 Type	Circular
State	Central
Effective Date	28-March-2022
Source	https://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 Details	The National Housing Bank notifies that the Bank’s Prime Lending Rate (PLR) stands at 7.10% with effect from 1^st April,2022.
Change Type	Notification
State	Central
Effective Date	28-March-2022
Source	https://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 Details	The 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 30^thSeptember, 2022. [IRDAI/HLT/REG/CIR/57/03/2022]
Change Type	Circular
State	Central
Effective Date	28-March-2022
Source	https://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 Details	The 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 Type	Press Release
State	Central
Effective Date	25-March-2022
Source	https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=53469

NSE issues Circular for Revision in Contract Note Format

Brief Details	The 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 Type	Circular
State	Central
Effective Date	25-March-2022
Source	https://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 Details	The Securities and Exchange Board of India, in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with Regulation 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 Type	Circular
State	Central
Effective Date	22-March-2022
Source	https://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 Details	The 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 Type	Notification
State	Central
Effective Date	25-March-2022
Source	https://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 Details	The Government of Andhra Pradesh notifies regarding Auto Renewal of Registration under The Andhra Pradesh Shops and Establishments Act, 1988 with respect to notification dated 14^thAugust, 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 Type	Notification
State	Andhra Pradesh
Effective Date	22-March-2022
Source	https://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 Details	The 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 Type	Notification
State	Central
Effective Date	24-March-2022
Source	https://egazette.nic.in/WriteReadData/2022/234420.pdf

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

Brief Details	The Securities and Exchange Board of India, in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 issues Circular for Introduction of Options on Commodity Indices – Product Design and Risk Management Framework. [SEBI/HO/CDMRD/DNP/CIR/P/2022/34]
Change Type	Circular
State	Central
Effective Date	24-March-2022
Source	https://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 Details	The Bombay Stock Exchange notifies regarding Extending Interoperability facility to all clients. It has been decided to provide an extension until 30^th June 2022, for implementing Interoperability technology development by trading members having clientele business. [Notice No. 20220324-13]
Change Type	Notification
State	Central
Effective Date	24-March-2022
Source	https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220324-13

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

Brief Details	The 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 1^st April, 2022 to 30^th September, 2022. [IRDAI/F&I/CIR/INV/51/03/2022 ]
Change Type	Notification
State	Central
Effective Date	24-March-2022
Source	https://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 31^st March, 2022

Brief Details	The 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 Type	Notification
State	Central
Effective Date	22-March-2022
Source	https://www.mha.gov.in/sites/default/files/containment_23032022.pdf

MEITY notifies Use of Aadhaar Authentication services for DigiLocker

Brief Details	The 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 Type	Notification
State	Central
Effective Date	23-March-2022
Source	https://egazette.nic.in/WriteReadData/2022/234401.pdf

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

Brief Details	The Directorate General of Foreign Trade, in exercise of powers conferred under Para 1.03 and 2.04 of the Foreign Trade Policy, 2015-2020, hereby amends Para 2.54 (d)(v)(ii) of the Handbook of Procedures (2015-2020) and extends the deadline from 31^st March, 2022 to 30^th 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 Type	Notification
State	Central
Effective Date	23-March-2022
Source	https://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 Details	The Securities and Exchange Board of India, in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 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 Type	Circular
State	Central
Effective Date	23-March-2022
Source	https://bit.ly/3D9AMas

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

Brief Details	The National E-Governance Services Limited issues Circular for Information Utility (IU) Services and Fee structure with effect from 1st April, 2022.
Change Type	Circular
State	Central
Effective Date	01-April-2022
Source	https://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 Details	The 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 Type	Notification
State	Maharashtra
Effective Date	23-March-2022
Source	https://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 Details	The 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 Type	Notification
State	Central
Effective Date	22-March-2022
Source	https://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 Details	The 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 1^stApril, 2022.
Change Type	Notification
State	Kerala
Effective Date	01-April-2022
Source	https://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 8^th February, 2017

Brief Details	The Ministry of Consumer Affairs, Food and Public Distribution, in pursuance of the provisions of section 7 of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016, hereby makes the further amendments in the notification dated 8^thFebruary, 2017 [S.O. 371(E)]. The amendment is for Deadline extension upto 30^th June 2022 for seeding of Ration Card and its beneficiaries. [S.O. 1262(E)]
Change Type	Notification
State	Central
Effective Date	22-March-2022
Source	https://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 Details	The Securities and Exchange Board of India, in exercise of the powers conferred by section 11, sub-section (2) of section 11A and section 30 of the Securities and Exchange Board of India Act, 1992, hereby makes the regulations to further amend the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The amendment is in Regulation 17 and in Schedule II. [F. No. SEBI/ LAD-NRO/GN/2022/76]
Change Type	Notification
State	Central
Effective Date	22-March-2022
Source	https://egazette.nic.in/WriteReadData/2022/234379.pdf

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

Brief Details	The 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 Type	Notification
State	Central
Effective Date	01-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/233716.pdf

RBI updates Master Direction – Foreign Investment in India

Brief Details	The 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 Type	Master Direction
State	Central
Effective Date	17-March-2022
Source	https://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 Details	The 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 Type	Circular
State	Central
Effective Date	21-March-2022
Source	https://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 Details	The 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 Type	Notification
State	Tamil Nadu
Effective Date	01-April-2022
Source	https://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 Details	The 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 27^th 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 Type	Notification
State	Central
Effective Date	16-March-2022
Source	https://egazette.nic.in/WriteReadData/2022/234300.pdf

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

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, hereby makes the regulations further to amend the Bureau of Indian Standards (Conformity Assessment) Regulations, 2018.
Change Type	Notification
State	Central
Effective Date	17-March-2022
Source	https://egazette.nic.in/WriteReadData/2022/234268.pdf

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

Brief Details	The 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 Type	Notification
State	Central
Effective Date	17-March-2022
Source	https://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 Details	The 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 Type	Notification
State	Central
Effective Date	17-March-2022
Source	https://egazette.nic.in/WriteReadData/2022/234291.pdf

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

Brief Details	The 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 29^th 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 Type	Notification
State	Central
Effective Date	16-March-2022
Source	https://egazette.nic.in/WriteReadData/2022/234278.pdf

RBI notifies amendment to Payment and Settlement Systems Regulations, 2008

Brief Details	The 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 Type	Press Release
State	Central
Effective Date	17-March-2022
Source	https://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 Details	The 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 30^th September 2022; or the date of availability of Form No. 3CF for electronic filing on the e-filing website, whichever is earlier.
Change Type	Circular
State	Central
Effective Date	16-March-2022
Source	https://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 Details	The 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 Type	Circular
State	Central
Effective Date	17-March-2022
Source	https://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 Details	The Securities and Exchange Board of India, in exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992 issues Circular for Revision in Orders Per Second limit for algorithmic trading in Commodity Derivatives Segment of the Stock Exchange.
Change Type	Circular
State	Central
Effective Date	01-April-2022
Source	https://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 Details	The National Commodity & Derivatives Exchange Limited issues Circular for Reporting for Artificial Intelligence (AI) and Machine Learning (ML) applications and systems offered and used by market intermediaries. The members are required to submit Artificial Intelligence (AI) and Machine Learning (ML) applications and systems details as on 31^st March, 2022 to the Exchange latest by 15^th April, 2022.
Change Type	Notification
State	Central
Effective Date	17-March-2022
Source	https://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 17^th and 18^th of March 2022

Brief Details	The 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 17^th March, 2022 vide order no. 753/XXV-ISS/2M/2020 dated 10/03/2022, shall also stay relaxed for the night of 18^th March 2022.
Change Type	Notification
State	West Bengal
Effective Date	17-March-2022
Source	https://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 Details	The Securities and Exchange Board of India, in exercise of the powers conferred by sub-section (1) of Section 30 read with sub-section (1) of Section 11, clause (ba) and clause (c) of sub-section (2) of Section 11 and sub-section (1) and (1B) of Section 12 of the Securities and Exchange Board of India Act, 1992, hereby makes the regulations to further amend the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012. 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 Type	Notification
State	Central
Effective Date	16-March-2022
Source	https://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 Details	The 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 Type	Circular
State	Central
Effective Date	15-March-2022
Source	https://incometaxindia.gov.in/news/circular-04-2022.pdf

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

Brief Details	The 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 19^th March 2022 (Saturday) along with previous holiday declared on 18^th March 2022 (Friday).
Change Type	Notification
State	Uttar Pradesh
Effective Date	19-March-2022
Source	https://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 Details	The 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 1^st July, 2022 with respect to Plastic Waste Management Rules, 2016.
Change Type	Notification
State	Central
Effective Date	04-February-2022
Source	https://bit.ly/3u8dDRE

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

Brief Details	The Securities and Exchange Board of India, in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with the provisions of Regulation 77 of SEBI (Mutual Funds) Regulations, 1996, issues Circular for Discontinuation of usage of pool accounts for transactions in the units of Mutual Funds: Clarifications with respect to Circulars dated 4^th October 2021. The provisions of this Circular shall be applicable with effect from 1^st April, 2022 except the requirement at clause 2.4 above which shall be applicable with effect from 15^th April, 2022.
Change Type	Circular
State	Central
Effective Date	01-April-2022
Source	https://bit.ly/3u8lBdU

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

Brief Details	The 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 15^th April 2022, for the existing bank accounts maintained by them and shall submit the same to Exchange.
Change Type	Circular
State	Central
Effective Date	15-March-2022
Source	https://archives.nseindia.com/content/circulars/INSP51639.pdf

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

Brief Details	The Central Depository Services (India) Limited notifies mandatory updation of 6 KYC attributes for new and existing demat accounts by EOD of 31^st 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 Type	Notification
State	Central
Effective Date	15-March-2022
Source	https://www.ricago.com/wp-content/uploads/2022/03/Attachment-3-5.pdf

CDSL notifies amendments to CDSL s DP Operating Instructions

Brief Details	The 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 Type	Notification
State	Central
Effective Date	15-March-2022
Source	https://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 Details	The Multi Commodity Exchange issues Circular for Revised Forms for filing Arbitration and Appellate Arbitration reference.
Change Type	Circular
State	Central
Effective Date	15-March-2022
Source	https://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 Details	The 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 Type	Notification
State	Tamil Nadu
Effective Date	28-January-2022
Source	https://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 Details	The 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 Type	Notification
State	Maharashtra
Effective Date	04-March-2022
Source	https://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 Details	The Ministry of Road Transport and Highways, in exercise of the powers conferred by section 110 of the Motor Vehicles Act, 1988, hereby makes the rules further to amend the Central Motor Vehicles Rules, 1989. The amendment is in Rule 93 and insertion after rule 125J of Central Motor Vehicles Rules, 1989.
Change Type	Notification
State	Central
Effective Date	14-March-2022
Source	https://egazette.nic.in/WriteReadData/2022/234186.pdf

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

Brief Details	The 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 Type	Master Direction
State	Central
Effective Date	14-March-2022
Source	https://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 Details	The 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 Type	Circular
State	Central
Effective Date	14-March-2022
Source	https://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 Details	The 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 Type	Circular
State	Central
Effective Date	14-March-2022
Source	https://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 Details	The 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 Type	Press Note
State	Central
Effective Date	14-March-2022
Source	https://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 Details	The 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 Type	Notification
State	Assam
Effective Date	10-March-2022
Source	https://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 Details	The 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 Type	Circular
State	Central
Effective Date	11-March-2022
Source	https://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 Details	The 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 Type	Notification
State	Assam
Effective Date	10-March-2022
Source	https://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 Details	The Government of Kerala notifies The Consumer Price Index (Cost of Living Index) Numbers applicable to employees in employment under the Minimum Wages Act (Central Act XI of 1948) for the month of January 2022 as ascertained by the Director of Economics & Statistics under clause (C) of Section 2 of the Act. This is for Agricultural Labourers and Industrial Workers.
Change Type	Notification
State	Kerala
Effective Date	08-March-2022
Source	https://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 Details	The 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 Type	Notification
State	Central
Effective Date	10-March-2022
Source	https://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 Details	The National Stock Exchange of India Limited issues Circular for Application Programming Interface (API) for Weekly submission of Holding Statement, Cash and Cash Equivalent Balances and Bank Balances. It shall be made applicable from week ended 16^th April 2022 onwards, the due date of which will be April 21, 2022, and for each week thereafter.
Change Type	Circular
State	Central
Effective Date	16-April-2022
Source	https://archives.nseindia.com/content/circulars/INSP51599.pdf

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

Brief Details	The 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 11^th March 2022 onwards.
Change Type	Circular
State	Central
Effective Date	11-March-2022
Source	https://www.ricago.com/wp-content/uploads/2022/03/Attachment-3-3.pdf

CDSL notifies amendment to CDSL byelaws

Brief Details	The 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 Type	Notification
State	Central
Effective Date	09-March-2022
Source	https://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 Details	The 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 Type	Notification
State	Madhya Pradesh
Effective Date	08-March-2022
Source	https://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 Details	The Reserve Bank of India, in exercise of the powers conferred under section 45W of the Reserve Bank of India Act, 1934 read with Section 45U of the Act issues Circular for Rupee Interest Rate Derivatives (Reserve Bank) Directions – Review.
Change Type	Circular
State	Central
Effective Date	10-February-2022
Source	https://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 Details	The 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 Type	Circular
State	Central
Effective Date	09-May-2022
Source	https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12227&Mode=0

RBI updates Master Direction – Money Changing Activities

Brief Details	The 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 Type	Master Direction
State	Central
Effective Date	04-March-2022
Source	https://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 Details	The Reserve Bank of India, in exercise of the powers conferred under sections 45JA, 45K, 45L and 45M of the Reserve Bank of India Act, 1934 (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 Type	Master Direction
State	Central
Effective Date	03-March-2022
Source	https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=10586

MHA notifies the Foreigners (Amendment) Order, 2022

Brief Details	The 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 Type	Notification
State	Central
Effective Date	09-March-2022
Source	https://egazette.nic.in/WriteReadData/2022/234005.pdf

RBI notifies NaBFID – All India Financial Institution (AIFI)

Brief Details	The 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 Type	Press Note
State	Central
Effective Date	09-March-2022
Source	https://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=53392

NSE issues Circular for Aadhaar seeding with PAN

Brief Details	The National Stock Exchange of India Limited issues Circular for Aadhaar seeding with PAN. It is informed that with effect from 1^st 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 31^st March 2022.
Change Type	Circular
State	Central
Effective Date	09-March-2022
Source	https://archives.nseindia.com/content/circulars/ISC51579.pdf

NSDL issues Circular for Amendment to Bye Laws and Business Rules

Brief Details	The 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 Type	Circular
State	Central
Effective Date	08-March-2022
Source	https://bit.ly/3hT9NGn

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

Brief Details	The 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 Type	Circular
State	Central
Effective Date	07-March-2022
Source	https://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 Details	The 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 Type	Notification
State	Andhra Pradesh
Effective Date	04-March-2022
Source	https://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 Details	The 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 31^st March 2026.
Change Type	Notification
State	Meghalaya
Effective Date	04-March-2022
Source	https://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 Details	The Bureau of Indian Standards, in pursuance of Sub-rule (1) of Rule (15) of the Bureau of Indian Standards Rules, 2018, hereby notifies amendment to Indian standards with respect to Textiles, 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 Type	Notification
State	Central
Effective Date	08-March-2022
Source	https://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 Details	The Securities and Exchange Board of India, in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with Regulation 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 Type	Circular
State	Central
Effective Date	01-May-2022
Source	https://bit.ly/362gQtZ

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

Brief Details	The 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 Type	Notification
State	Central
Effective Date	08-March-2022
Source	https://www.ricago.com/wp-content/uploads/2022/03/Attachment-3-2.pdf

Government of Goa notifies order regarding COVID- 19 restrictions

Brief Details	The 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 Type	Notification
State	Goa
Effective Date	07-March-2022
Source	https://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 Details	The 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 Type	Notification
State	Central
Effective Date	20-January-2017
Source	https://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 Details	The Ministry of Commerce and Industry, in exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with Para 1.02 of the Foreign Trade Policy, 2015-20, 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 Type	Notification
State	Central
Effective Date	07-March-2022
Source	https://egazette.nic.in/WriteReadData/2022/233976.pdf

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

Brief Details	The National Stock Exchange of India Limited issues Circular for CERT-In which has issued an advisory dated 20^thJanuary, 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 Type	Circular
State	Central
Effective Date	07-March-2022
Source	https://archives.nseindia.com/content/circulars/COMP51527.pdf

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

Brief Details	The National Securities Depository Limited, issues Circular for Investor Education and Protection Fund (IEPF) related value added services.
Change Type	Circular
State	Central
Effective Date	07-March-2022
Source	https://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 Details	The Securities and Exchange Board of India, in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 issues Circular for Automation of disclosure requirements under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011- System Driven Disclosures.
Change Type	Circular
State	Central
Effective Date	01-July-2022
Source	https://bit.ly/35Cwvjy

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

Brief Details	The Food Safety and Standards Authority of India notifies Clarification regarding the decision of 33^rd CAC in respect of the procedure for issuance of Notices under Section-32 of the FSS Act, 2006.
Change Type	Notification
State	Central
Effective Date	07-March-2022
Source	https://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 10^th March to 25^th April 2022

Brief Details	The Ministry of Commerce and Industry notifies reopening of application window for PLI Scheme for White Goods (ACs and LED Lights) from 10^th March to 25^th April 2022 to give second chance to prospective investors to take benefits of the Scheme.
Change Type	Notification
State	Central
Effective Date	10-March-2022
Source	https://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 Details	The 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 Type	Notification
State	Central
Effective Date	04-March-2022
Source	https://egazette.nic.in/WriteReadData/2022/233929.pdf

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

Brief Details	The 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 Type	Press Note
State	Telangana
Effective Date	01-April-2022
Source	https://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 Details	The Government of Karnataka notifies regarding revision of minimum rate of wages for various employments.
Change Type	Notification
State	Karnataka
Effective Date	03-March-2022
Source	https://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 Details	The 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 Type	Notification
State	Central
Effective Date	28-February-2022
Source	https://www.ricago.com/wp-content/uploads/2022/03/Attachment-11-2.pdf

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

Brief Details	The 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 Type	Notification
State	Central
Effective Date	01-January-2023
Source	https://egazette.nic.in/WriteReadData/2022/233904.pdf

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

Brief Details	The Ministry of Health and Family Welfare, in exercise of the powers conferred by sections 12 and 33 of the Drugs and Cosmetics Act, 1940, hereby makes the 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 Type	Notification
State	Central
Effective Date	04-March-2022
Source	https://egazette.nic.in/WriteReadData/2022/233935.pdf

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

Brief Details	The 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 Type	Notification
State	Central
Effective Date	04-March-2022
Source	https://egazette.nic.in/WriteReadData/2022/233916.pdf

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

Brief Details	The 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 Type	Notification
State	Central
Effective Date	Shall come into force from the date of its publication in the Official Gazette
Source	https://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 Details	The 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 Type	Circular
State	Central
Effective Date	04-March-2022
Source	https://bit.ly/3HOONuU

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

Brief Details	The 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 Type	Circular
State	Central
Effective Date	04-March-2022
Source	https://ncdex.com/public/uploads/circulars/Submission_of_Annual_Return_2020-21-%20Reminder_1646396862.pdf

CERSAI notifies regarding new procedure/template for Rectification

Brief Details	The 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 Type	Notification
State	Central
Effective Date	06-March-2022
Source	https://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 Details	The 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 Type	Notification
State	Punjab
Effective Date	03-March-2022
Source	https://www.ricago.com/wp-content/uploads/2022/03/Attachment-8.pdf

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

Brief Details	The 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 Type	Notification
State	Punjab
Effective Date	26-February-2022
Source	https://www.ricago.com/wp-content/uploads/2022/03/Attachment-9-1.pdf

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

Brief Details	The Government of Maharashtra notifies Covid-19 restrictions from 4^th March 2022 from 0000 hrs. across the State and to remain in force till the issue of any new order.
Change Type	Notification
State	Maharashtra
Effective Date	04-March-2022
Source	https://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 Details	The Kerala State Pollution Control Board notifies guidelines for bringing industries under OCEEMS (Online Consent Effluent & Emission Monitoring System).
Change Type	Notification
State	Kerala
Effective Date	28-February-2022
Source	https://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 Details	The 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 Type	Notification
State	Central
Effective Date	01-April-2022
Source	https://egazette.nic.in/WriteReadData/2022/233756.pdf

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

Brief Details	The Bureau of Indian Standards, in pursuance of Sub-rule (1) of Rule (15) of the Bureau of Indian Standards Rules, 2018, hereby notifies amendment to Indian standards with respect to Textiles. The particulars are given in the second column of the schedule hereto annexed have been established on the date indicated against it in third column. The particulars of the standards, if any, which are given in the fourth column, shall also remain in force concurrently till they are withdrawn on the date indicated against them in the fifth column.
Change Type	Notification
State	Central
Effective Date	25-February-2022
Source	https://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 Details	The 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 Type	Notification
State	Central
Effective Date	21-February-2022
Source	https://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 Details	The Government of Andhra Pradesh notifies extension of order regarding Covid-19 restrictions. The Government hereby extends the implementation of the instructions / restrictions issued upto 14^th March 2022.
Change Type	Notification
State	Andhra Pradesh
Effective Date	28-February-2022
Source	https://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 Details	The 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 Type	Notification
State	Madhya Pradesh
Effective Date	22-February-2022
Source	https://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 Details	The 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 Type	Notification
State	Central
Effective Date	03-February-2022
Source	https://www.ricago.com/wp-content/uploads/2022/03/Attachment-2.pdf

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

Brief Details	The Ministry of Labour and Employment notifies Consumer Price Index for Industrial Workers on base 2016 = 100 for different states.
Change Type	Notification
State	Central
Effective Date	28-February-2022
Source	https://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 Details	The 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 Type	Notification
State	Central
Effective Date	28-February-2022
Source	https://egazette.nic.in/WriteReadData/2022/233770.pdf

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

Brief Details	The 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 Type	Notification
State	Central
Effective Date	28-February-2022
Source	https://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 Details	The 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 Type	Notification
State	Central
Effective Date	28-February-2022
Source	https://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 Details	The 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 Type	Notification
State	Central
Effective Date	28-February-2022
Source	https://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 Details	The 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 Type	Circular
State	Central
Effective Date	28-February-2022
Source	https://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 Details	The 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 Type	Circular
State	Central
Effective Date	28-February-2022
Source	https://bit.ly/3vxp083

NHB issues Circular for Revised format for Certificates on Adverse Balance

Brief Details	The 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 Type	Circular
State	Central
Effective Date	25-February-2022
Source	https://nhb.org.in/wp-content/uploads/2021/07/Refinance-Circular.pdf

MOHFW notifies Drugs (3rd Amendment) Rules, 2022

Brief Details	The Ministry of Health and Family Welfare, in exercise of the powers conferred by sections 12 and 33 of the Drugs and Cosmetics Act, 1940 (23 of 1940), hereby makes the further to amend the Drugs Rules, 1945.
Change Type	Notification
State	Central
Effective Date	25-February-2022
Source	https://egazette.nic.in/WriteReadData/2022/233731.pdf

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

Brief Details	The 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 Type	Notification
State	Central
Effective Date	01-April-2022
Source	https://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 Details	The Ministry of Road Transport and Highways, in exercise of the powers conferred by section 110 of the Motor Vehicles Act, 1988, hereby makes the rules further to amend the Central Motor Vehicles Rules, 1989. The amendment is in Rule 93, in sub-rule (1) (A).
Change Type	Notification
State	Central
Effective Date	25-February-2022
Source	https://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 Details	The 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 1^st April, 2022 as the date on which the following provisions of the said Act shall come into force.
Change Type	Notification
State	Central
Effective Date	01-April-2022
Source	https://www.ricago.com/wp-content/uploads/2022/03/Attachment-11.pdf