Statutory updates

Acquisition of Interise Investment Managers Shares

CPPIB India Private Holdings Inc., Allianz Infrastructure Luxembourg II S.À.R.L., and 2726247 Ontario Inc. acquire 100 percent of the issued and paid-up share capital of Interise…

Fee structure for the entities undertaking or intending to undertake permissible activities in IFSC As amended up to February 6, 2024

Format and Manner of Seeking Authorisation as Payment Service Provider

Entities seeking authorisation as a Payment Service Provider must submit the application form in Schedule I and additional submissions in Schedule II in physical form to the…

NewQuest Asia Fund IV Acquisition of Shadowfax Technologies

The Competition Commission of India approves the acquisition of shareholding in Shadowfax Technologies Private Limited by NewQuest Asia Fund IV (Singapore) Pte.

Income-Tax Authorities Jurisdiction and Appeal Units Amendment

The Central Board of Direct Taxes amends notification number S.O. 4156 (E) to update income-tax jurisdiction and authority assignments.

Acquisition of Stake in Kotak Mahindra General Insurance Company by Zurich Insurance Company

The Competition Commission of India approves the acquisition of a seventy percent equity share capital stake in Kotak Mahindra General Insurance Company Limited by Zurich…

Increase in Employees' Pension Fund pension

The Ministry of Labour and Employment clarifies the status of the minimum pension under the Employees' Pension Scheme, 1995.

Social Security Coverage and Welfare Schemes for Unorganised Workers

The Government provides social security coverage to unorganised workers through welfare schemes for old age protection, life and disability cover, health benefits, and food…

Acquisition of Offshore HoldCo and Unitholding in Data Infrastructure Trust

Brookfield IIH proposes to acquire one hundred percent shareholding of Offshore HoldCo, and BCI acquires additional unitholding in Data Infrastructure Trust alongside a board seat…

Implementation of the Track and Trace system for export of Pharmaceuticals and drug consignments along with maintaining the Parent-Child relationship in the levels of packaging and their movement in supply chain- Extension of date of implementation regarding.

Establishment of Central Processing Centre under Companies Act

The Central Government establishes a Central Processing Centre with all-India territorial jurisdiction at the Indian Institute of Corporate Affairs in Manesar, Haryana.

Authorization of 14 Booking Post Offices for Postal Exports

The Central Board of Indirect Taxes and Customs authorizes fourteen more booking post offices to accept export consignments under the Postal Export (Electronic Declaration and…

10/2024-Customs (NT) : Exchange Rate Notification No. 10/2024-Cus (NT) dated 01.02.2024-reg

Measures for Facilitating Efficient Conduct of Processes by Insolvency Professionals

The Insolvency and Bankruptcy Board of India has issued clarifications to streamline processes conducted by Insolvency Professionals (IPs).

Measures for Rationalisation of the Regulatory Framework of Insolvency Professional Entities

The Insolvency and Bankruptcy Board of India has clarified the regulatory framework for Insolvency Professional Entities (IPEs) acting as Insolvency Professionals.

THE TELECOMMUNICATIONS ACT, 2023

09/2024-Customs (NT) : Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg

eAPY Online Facility for APY Subscriber Onboarding and Aadhaar Seeding

This Master Circular consolidates existing guidelines for the eAPY digital facility, which enables paperless onboarding and Aadhaar seeding for Atal Pension Yojana (APY)…