New Rules to Standardize Rating Scales used by Credit Rating Agencies (CRAs)
Registration and regulatory framework for Online Bond Platform Providers (OBPPs) Applicability of GST on fees remitted to SEBI – Revision in Chapter – XX of Operational Circular for issue and listing of Non – convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper RBI commences the first pilot launch of digital […]
Overview of the Bills proposed to replace the Indian Penal Code, 1860, Criminal Procedure Code, 1973 and Indian Evidence Act, 1872
On 11th August 2023, Union Home Minister, Mr. Amit Shah introduced three bills in the Lok Sabha with the aim to overhaul the existing Indian Penal Code, 1860 (“IPC”), Code of Criminal Procedure, 1973 (“CrPC”), and the Indian Evidence Act, 1872 (“Evidence Act”). The notable changes proposed to be made are as follows: The Bharatiya […]
Draft Amendments to the IT (Intermediary Guidelines & Digital Media Ethics Code) Rules, 2021
With the user base of online games growing in India, it is necessary to ensure that such games be offered in conformity with Indian laws and that the users of such games be safeguarded against potential harm. Towards this, the Ministry of Electronics & Information Technology (“MeitY”) released draft amendments to the IT (Intermediary Guidelines […]
Draft Carbon Credit Trading Scheme
On 27th March 2023, the Ministry of Power released draft Carbon Credit Trading Scheme (“CCTS”) to establish a framework for the Indian Carbon Market (“ICM”). The proposed Energy Conservation (Amendment) Bill, 2022, which was passed by the Indian Parliament, empowers the Central Government to specify a Carbon Trading Scheme in consultation with the Bureau of […]