“Corporate Compliance Calendar for the m/o March, 2023”.
About Article:
This article contains various Compliance requirementsfor the Month of March, 2023under various Statutory Laws. Compliance means “adhering to rules and regulations.” Compliance is a continuous process of following laws, policies, and regulations, rules to meet all the necessary governance requirements without any failure.
If you think compliance is expensive, try non‐ compliance”
Compliance Requirement Under:
1.Income Tax Act, 1961
2.Goods & Services Tax Act, 2017 (GST)and Important Updates / Circulars
3.Foreign Exchange Management Act, 1999 (FEMA) and Important Notifications
4.Other Statutory Lawsand Updates
5.SEBI (Listing Obligations &DisclosureRequirements) (LODR) Regulations, 2015
6.SEBI Takeover Regulations 2011
7.SEBI (Prohibition of Insider Trading) Regulations, 2015
8.SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
9.SEBI (Buyback of Securities) Regulations, 2018
10.SEBI (Depositories and Participants) Regulations 2018) and Circulars / Notifications
11.Companies Act, 2013 (MCA/ROC Compliance) and Notifications
12.Insolvency and Bankruptcy Board of India (IBBI) Updates
13.Cabinet Decisions / New Acts
- Compliance requirement under Income Tax act, 1961
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Sl. |
Compliance Particulars |
Due Dates
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| 1 | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of January, 2023 |
02.03.2023 |
| 2. | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of January, 2023 |
02.03.2023 |
| 3 | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194M in the month of January, 2023 |
02.03.2023 |
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4 |
Due date for deposit of Tax deducted/collected for the month of February, 2023. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan |
07.03.2023 |
| 5 | Fourth instalment of advance tax for the assessment year 2023-24 |
15.03.2023 |
| 6 | Due date for payment of whole amount of advance tax in respect of assessment year 2023-24 for assessee covered under presumptive scheme of section 44AD / 44ADA |
15.03.2023 |
| 7 | Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of February, 2023 has been paid without the production of a Challan |
15.03.2023 |
| 8 | Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of January, 2023 |
17.03.2023 |
| 9 | Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of January, 2023 |
17.03.2023 |
| 10 | Due date for issue of TDS Certificate for tax deducted under section 194M in the month of January, 2023 |
17.03.2023 |
| 11 | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of February, 2023 |
30.03.2023 |
| 12 | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of February, 2023 |
30.03.2023 |
| 13 | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194M in the month of February, 2023 |
30.03.2023 |
| 14 | Country-By-Country Report in Form No. 3CEAD for the previous year 2021-22 by a parent entity or the alternate reporting entity, resident in India, in respect of the international group of which it is a constituent of such group |
31.03.2023 |
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15 |
Country-By-Country Report in Form No. 3CEAD for a reporting accounting year (assuming reporting accounting year is April 1, 2021 to March 31, 2022) by a constituent entity, resident in India, in respect of the international group of which it is a constituent if the parent entity is not obliged to file report under section 286(2) or the parent entity is resident of a country with which India does not have an agreement for exchange of the report etc. |
31.03.2023 |
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16 |
Uploading of statement [Form 67], of foreign income offered to tax and tax deducted or paid on such income in previous year 2021-22, to claim foreign tax credit [if return of income has been furnished within the time specified under section 139(1) or section 139(4). |
31.03.2023 |
- Important Notifications – For the month of February – 2023:
| Sl. | Particulars of the Notification(s) | File No. / Circular No. | Link(s) |
| 1. | Corrigendum to Circular No. 23 /2022 Dt 03.11.2022-Explanatory Notes to Finance Act, 2022 | Circular No. 02/2023 | |
| 2. | TheCentralised Processing of EqualisationLevy Statement Scheme, 2023 |
Notification No. 03/2023 |
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3. |
TheIncome-tax (Second Amendment)Rules, 2023.
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Notification No. 05/2023 | |
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4. |
TheIncome-tax Amendment (3rd Amendment)Rules, 2023
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Notification No. 7/2023 |
- Compliance Requirement under GST, 2017
(A) Filing of GSTR –3B / GSTR 3B QRMP
- a) Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY
| Tax period | Due Date | Particulars |
| February, 2023 | 20thMarch, 2023 |
Due Date for filling GSTR – 3B return for the month of February, 2023 for the taxpayer with Aggregate turnover exceeding INR 5 crores during previous year. Due Date for filling GSTR – 3B return for the quarter of January to March 2022 for the taxpayer with Aggregate turnover up to INR 5 crores during the previous year and who has opted for Quarterly filing of return under QRMP. |
b). Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group A)
| Tax period | Due Date | Particulars | |
| February, 2023 | 22nd March, 2023 |
Due Date for filling GSTR – 3B return for the month of February, 2023 for the taxpayer with Aggregate turnover upto INR 5 crores during previous year and who has opted for Quarterly filing of GSTR-3B |
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Group A States: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu and Dadra & Nagar Haveli, Puducherry, Andaman and Nicobar Islands, Lakshadweep |
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c). Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group B)
| Tax period | Due Date | Particulars | |
| February, 2023 | 24thMarch,
2023 |
Annual Turnover Up to INR 5 Cr in Previous FY But Opted Quarterly Filing | |
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Group B States:Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi |
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B. Filing Form GSTR-1:
| Tax period | Due Date | Remarks |
| Monthly return (February, 2023) | 11.03.2023 |
1. GST Filing of returns by registered person with aggregate turnover exceeding INR 5 Crores during preceding year. 2. Registered person, with aggregate turnover of less then INR 5 Crores during preceeding year, opted for monthly filing of return under QRMP. |
C. Non Resident Tax Payers, ISD, TDS & TCS Taxpayers
| Form No. | Compliance Particulars | Timeline | Due Date |
| GSTR-5 & 5A | Non-resident ODIAR services provider file Monthly GST Return | 20th of succeeding month | 20.03.2023 |
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GSTR -6 |
Every Input Service Distributor (ISD) |
13th of succeeding month |
13.03.2023 |
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GSTR -7 |
Return for Tax Deducted at source to be filed by Tax Deductor |
10th of succeeding month |
10.03.2023 |
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GSTR -8 |
E-Commerce operator registered under GST liable to TCS | 10th of succeeding month | 10.03.2023 |
D. GSTR – 1 QRMP monthly / Quarterly return
| Form No. | Compliance Particulars | Timeline | Due Date |
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Details of outward supply-IFF&
Summary of outward supplies by taxpayers who have opted for the QRMP scheme.
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a) GST QRMP monthly return due date for the month of April, 2022 (IFF). Applicable for taxpayers with Annual aggregate turnover up to Rs. 1.50 Crore. b) Summary of outward supplies by taxpayers who have opted for the QRMP scheme. |
13th of succeeding month – Monthly
Quarterly Return |
13.03.2023 |
E. GST Refund:
| Form No. | Compliance Particulars | Due Date
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| RFD -10 | Refund of Tax to Certain Persons |
18 Months after the end of quarter for which refund is to be claimed |
F. Monthly Payment of GST – PMT-06:
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Compliance Particular
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Due Date |
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Due Date of payment of GST for a taxpayer with Aggregate turnover up to INR 5 crores during the previous year and who has opted for Quarterly filing of return under QRMP. |
25.03.2023 |
GST UPDATES – February, 2023:
| Sl. | Notification Particulars
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Notification No. |
Link(s) |
| 1.
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Regular taxpayers can opt for Composition Scheme for Financial Year 2023-24 by navigating as ‘Services-> Registration-> Application to opt for composition Levy’ and filing Form CMP-02. This facility is available on GST Portal till 31st March, 2023. |
GSTN Update |
Click Here |
| 2. | Advisory on Geocoding of Address of Principal Place of Business |
GSTN 570 |
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| 3. | Advisory on New e-Invoice Portal |
GSTN 571 |
Click Here |
b). Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group A)
| Tax period | Due Date | Particulars | |
| January, 2023 | 22nd February, 2023 |
Due Date for filling GSTR – 3B return for the month of December, 2022 for the taxpayer with Aggregate turnover upto INR 5 crores during previous year and who has opted for Quarterly filing of GSTR-3B |
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Group A States: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu and Dadra & Nagar Haveli, Puducherry, Andaman and Nicobar Islands, Lakshadweep |
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c). Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group B)
| Tax period | Due Date | Particulars | |
| January, 2023 | 24thFebruary, 2023 |
Annual Turnover Up to INR 5 Cr in Previous FY But Opted Quarterly Filing |
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Group B States:Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi |
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B. Filing Form GSTR-1:
| Tax period | Due Date | Remarks |
| Monthly return (January, 2023) | 11.02.2023 |
1. GST Filing of returns by registered person with aggregate turnover exceeding INR 5 Crores during preceding year. 2. Registered person, with aggregate turnover of less then INR 5 Crores during preceeding year, opted for monthly filing of return under QRMP. |
C. Non Resident Tax Payers, ISD, TDS & TCS Taxpayers
| Form No. | Compliance Particulars | Timeline | Due Date |
| GSTR-5 & 5A | Non-resident ODIAR services provider file Monthly GST Return | 20th of succeeding month | 20.02.2023 |
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GSTR -6 |
Every Input Service Distributor (ISD) |
13th of succeeding month |
13.02.2023 |
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GSTR -7 |
Return for Tax Deducted at source to be filed by Tax Deductor |
10th of succeeding month |
10.02.2023 |
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GSTR -8 |
E-Commerce operator registered under GST liable to TCS | 10th of succeeding month | 10.02.2023 |
D. GSTR – 1 QRMP monthly / Quarterly return
| Form No. | Compliance Particulars | Timeline | Due Date |
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Details of outward supply-IFF&
Summary of outward supplies by taxpayers who have opted for the QRMP scheme.
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c) GST QRMP monthly return due date for the month of April, 2022 (IFF). Applicable for taxpayers with Annual aggregate turnover up to Rs. 1.50 Crore.
d) Summary of outward supplies by taxpayers who have opted for the QRMP scheme. |
13th of succeeding month – Monthly
Quarterly Return |
13.02.2023 |
E. GST Refund:
| Form No. | Compliance Particulars | Due Date
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| RFD -10 | Refund of Tax to Certain Persons | 18 Months after the end of quarter for which refund is to be claimed |
F. Monthly Payment of GST – PMT-06:
| Compliance Particular
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Due Date |
| Due Date of payment of GST for a taxpayer with Aggregate turnover up to INR 5 crores during the previous year and who has opted for Quarterly filing of return under QRMP. |
25.02.2023 |
GST UPDATES – January, 2023:
| Sl. | Notification Particulars
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Notification No. | Link(s) |
| 1.
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Seeks to make fifth amendment (2022) to CGST Rules | 26/2022-Central Tax | Click Here |
| 2. | Notification under sub-rule (4B) of rule 8 of CGST Rules, 2017 | 27/2022-Central Tax | Click Here |
| 3. | Seeks to amend notification No. 12/2017- Central Tax (Rate) | 15/2022-Central Tax (Rate) | Click Here |
| 4 | Seeks to amend notification No. 4/2017- Central Tax (Rate) | 14/2022-Central Tax (Rate) | Click Here |
| 5 | To assign powers of Superintendent of central tax to Additional Assistant Directors in DGGI, DGGST and DG Audit. | 01/2023-Central Tax | Click Here |
| 6 | Advisory on facility of ‘Initiating Drop Proceedings’ of Suspended GSTINs due to Non-filing of Returns | GSTN Update 568 | Click Here |
| 7 | To assign powers of Superintendent of central tax to Additional Assistant Directors in DGGI, DGGST and DG Audit. | 01/2023-Central Tax | |
| 8 | Advisory on taxpayers facing issue in filing GSTR-3B | GSTN Update 567 | Click Here |
| 9 | Advisory on facility of ‘Initiating Drop Proceedings’ of Suspended GSTINs due to Non-filing of Returns | GSTN Update 566 | Click Here |
| 10 | Advisory on “Initiating Drop Proceeding” by taxpayers | GSTN Update 565 | Click Here |
| 11 | Module wise new functionalities deployed on the GST Portal for taxpayers | GSTN Update 564 | Click Here |
| 12 | Clarification regarding GST rates and classification of certain services. | 190/02/2023-GST | Click Here |
- Key Compliances under FEMA / RBI
| Applicable Laws/Acts |
Due Dates |
Compliance Particulars |
Forms / (Filing mode) |
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FEMA ACT 1999 |
15th of July of Every Year |
Annual return on Foreign Liabilities and Assets is required to be submitted by all the India resident companies which have received FDI and/ or made overseas investment in any of the previous year(s), including current year by July 15thevery year. |
FLAIR System |
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FEMA ACT 1999 |
Not later than 30 days from the date of issue of Capital instrument |
FC-GPR is a form filed when the Indian company receives the Foreign Direct Investment and the company allots shares to a person resident outside India. |
Form FC-GPR |
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FEMA ACT 1999 |
With in 60 days of receipt/ remittance of funds or transfer of capitalinstruments whichever is earlier. |
Reporting of transfer of shares and other eligible securities between residents and non-residents and vice- versa is to be made in Form FC-TRS. The onus of reporting shall be on the resident transferor/ transferee. |
Form FC-TRS. |
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FEMA ACT 1999 |
Within30 days from the date of receipt of the amount of consideration. |
A Limited Liability Partnership receiving amount of consideration and acquisition of profit shares is required to submit a report in the Form FDI LLP-1 |
Form FDI LLP-I |
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FEMA ACT 1999 |
within 60 days from the date of receipt of funds in |
A Limited liability Partnership shall report disinvestment/ transfer of capital contribution or profit share between a resident and a non resident (or vice versa) |
Form FDI LLP-II |
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FEMA ACT 1999 |
within 30 days from the date of allotment of capital instruments |
The domestic custodian shall report the issue/ transfer/ of sponsored/ unsponsored depository receipts |
Downstream statement -Form DI & reporting at FIFP too |
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Types of Accounts |
Capital Account and Current Account – The purpose of the capital account is to adjust the assets and liabilities of individuals outside India to persons residing in India. Thus any transaction that results in a change of the overseas assets and liabilities in India of an Indian residing outside India or transactions overseas of a person residing in India will be considered under the capital account. All other transactions fall under the category of the current account. |
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| NRI Bank Accounts |
There is option for the Non-Resident Indians to set up various bank accounts in India, like FCNR, NRE and NRO Accounts. |
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RBI Circulars / Notifications: Februar, 2023
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Sl. |
Particulars of the Circulars
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Link |
| 1 | Standing Liquidity Facility for Primary Dealers | Click here |
| 2 | Change in Bank Rate | Click here |
| 3 | Liquidity Adjustment Facility – Change in rates | Click here |
| 4 | Issuance of PPIs to Foreign Nationals / Non-Resident Indians (NRIs) visiting India | Click here |
| 5 | Statement on Developmental and Regulatory Policies | Click here |
| 6 | 9 NBFCs surrender their Certificate of Registration to RBI | Click here |
| 7 | RBI issues an updated Alert List | Click here |
| 8 | Reserve Bank of India – Bulletin Weekly Statistical Supplement – Extract | Click here |
| 9 | Exim Bank’s GOI-supported Line of Credit (LOC) for USD 100 million to the Government of the Republic of Maldives (GO-MDV), for financing new developmental projects and to meet spill over costs from developmental projects in Maldives already included under Lines of credit extended to GO-MDV by Exim Bank |
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| 10. | Governance, measurement and management of Interest Rate Risk in Banking Book | Click here |
- Compliance under Other Statutory LAws
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Applicable Laws/Acts
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Timeline / Due Dates |
Compliance Particulars |
Forms / (Filing mode) |
| EPF (The Employees’ Provident Funds And Miscellaneous Provisions Act, 1952) |
15.03.2023 |
PF Payment |
ECR |
| ESIC (Employees’ State Insurance Act, 1948) |
15.03.2023 |
ESIC Payment |
ESI Challan |
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Contract Labour (Regulation &Abolition) Act, 1970 |
Within 15 Days of commencement/ completion of contract work
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Return/Notice within 15 days of commencement/ completion of each contract by the Principal employer | Form VI-B |
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Contract Labour (Regulation &Abolition) Act, 1970 |
Within 15 Days of commencement/ completion of contract work
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Notice of commencement/ completion of contract work by the Contractor within 15 days | Form VI-A |
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Payment of Gratuity Rule |
Within 30 Days of applicability of the Act & any change
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Notice of applicability of the Act & any change | Form A or B |
| Maharashtra Professional Tax Act |
31.03.2023 |
Monthly Return for February Under Maharashtra Profession Tax, Trade and Ceilings (Monthly / & Annually) | Profession Tax |
Updates TRACKER under Labour LAws – Feb., 2023:
| Sl. | Particulars
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Link |
| 1 | Higher pension from EPFO: Things to consider before you opt for it | Click here |
| 2 | EPFO Higher Pension Link Online: 5 Reasons to Avoid | Click here |
| 3 | How To Check EPF Passbook Balance Online Or Via Missed Call | Click here |
| 4 | Bhupender Yadav: ‘EPF interest rate for FY23 will be recommended before year-end’ | Click here |
| 5 | EPF account holders can get higher pension with this new EPFO guidelines | Click here |
| 6 | Provident Fund: Know how to transfer EPF account from old to new company while switching jobs | Click here |
- SEBI – Securities Exchange Board of INDIA
- Compliance Requirement under SEBI (Listing Obligations and Disclosure Requirements) (LODR) Regulations, 2015
A. Half Yearly Compliances:
| Sl. No. | Regulation No. | Compliance Period
(Due Date) |
Due Date |
| 1. | Regulation 23(9)Related party transactions. | The listed entity shall make such disclosures every 6 months within 15 days from the date of publication of its standalone and consolidated financial results: Provided further that the listed entity shall make such disclosures every 6 months on the date of publication of its standalone and consolidated financial results with effect from April 1, 2023. |
Within 15 days of FR |
B. Regular / Annual Compliances:
| REG NO | REGULATION NO | PARTICULARS | TIMELINE |
| 47 Advertisements in Newspapers. | 47 (3) Advertisements in Newspapers | Financial results at 47 clause (b) of sub-regulation (1), shall be published within 48 hours of conclusion of the meeting of board of directors at which the financial results were approved. | 48 HOURS |
| 24A Secretarial Audit. | Red 24A | Every listed entity and its material unlisted subsidiaries incorporated in India shall undertake secretarial audit and shall annex with its annual report, a secretarial audit report, given by a company secretary in practice, in such form as may be specified with effect from the year ended March 31, 2019. (within 60 days from the Closure of FY) |
60 days from the Closure of FY |
| 46 Website | 46(2)(s) | The listed entity shall disseminate the following information under a separate section on its website separate audited financial statements of each subsidiary of the listed entity in respect of a relevant financial year, uploaded at least 21 days prior to the date of the annual general meeting which has been called to inter alia consider accounts of that FY.] | 21 days prior 1 days prior to the date of AGM |
C. Other Quarterly compliance which included half year compliance except FR (Financial Results)
| Reg No | Regulation No | Particulars | Timeline |
| Intimation | Reg 29 read with Reg 33 | intimation regarding item specified in clause 29(1) (a) to be discussed at the meeting of board of directors shall be given at least five days in advance (excluding the date of the intimation and date of the meeting), and such intimation shall include the date of such meeting of board of directors | at least 5 working days in advance, excluding the date of the intimation and date of the meeting |
| Intimations and Disclosure of events or information to Stock Exchanges. | 87B: Intimations and Disclosure of events or information to Stock Exchanges. READ WITH PART E OF Schedule III | The listed entity shall first disclose to stock exchange(s) of all events or information, as specified in Part E of Schedule III, as soon as reasonably possible but not later than twenty four hours from occurrence of the event or information: |
24 HOURS |
| Valuation, Rating and NAV disclosure. | 87C(1) (iii) | An issuer whose security receipts are listed on a stock exchange shall ensure that: the net asset value is calculated on the basis of such independent valuation and the same is declared by the asset reconstruction company within 15 days of the end of quarter. |
15 Days |
| Other corporate governance requirements. | Reg 27(2) | The listed entity shall submit a quarterly compliance report on corporate governance in the format as specified by the Board from time to time to the recognised stock exchange(s) within fifteen days from close of the quarter. | 15 days
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| Indian Depository Receipt holding pattern & Shareholding details. | 69(1) | The listed entity shall file with the stock exchange the Indian Depository Receipt holding pattern on a quarterly basis within fifteen days of end of the quarter in the format specified by the Board. | 15 days from end of each quarter
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D. Event based Compliances
| Reg No | Regulation No | Particulars | Timeline |
| 30 Disclosure of events or information. | 30(6) AND Part A of Schedule III | The listed entity shall first disclose to stock exchange(s) of all events, as specified in Part A of Schedule III, or information as soon as reasonably possible and not later than twenty four hours from the occurrence of event or information | 24 HOURS |
| 30 Disclosure of events or information. | 30(6) AND sub-para 4 of Para A of Part A of Schedule III | The listed entity shall disclose to the Exchange(s), within 30 minutes of the closure of the meeting held to consider the following: a) dividends and/or cash bonuses recommended or declared or the decision to pass any dividend and the date on which dividend shall be paid/dispatched; b) any cancellation of dividend with reasons thereof; c) the decision on buyback of securities; d) the decision with respect to fund raising proposed to be undertaken e) increase in capital by issue of bonus shares through capitalization including the date on which such bonus shares shall be credited/dispatched; f) reissue of forfeited shares or securities, or the issue of shares or securities held in reserve for future issue or the creation in any form or manner of new shares or securities or any other rights, privileges or benefits to subscribe to; g) short particulars of any other alterations of capital, including calls;h) financial results;i) decision on voluntary delisting by the listed entity from stock exchange(s). |
| 31A: Conditions for re-classification of any person as promoter / public | 31A(8) | The following events shall deemed to be material events and shall be disclosed by the listed entity to the stock exchanges as soon as reasonably possible and not later than twenty four hours from the occurrence of the event: (a) receipt of request for re-classification by the listed entity from the promoter(s) seeking re-classification; (b) minutes of the board meeting considering such request which would include the views of the board on the request; (c) submission of application for re-classification of status as promoter/public by the listed entity to the stock exchanges; (d) decision of the stock exchanges on such application as communicated to the listed entity; |
24 HOURS |
| 34 Annual Report. | 34(1)(b) | In the event of any changes to the annual report, the revised copy along with the details of and explanation for the changes shall be sent not later than 48 hours after the annual general meeting.] | 48 HOURS |
| 44 Meetings of shareholders and voting | 44(3) | The listed entity shall submit to the stock exchange, within forty eight hours of conclusion of its General Meeting, details regarding the voting results in the format specified by the Board. | 48 HOURS |
| 47 Advertisements in Newspapers. | 47 (3) Advertisements in Newspapers | The listed entity shall publish the information specified in 47(1) in the newspaper simultaneously with the submission of the same to the stock exchange(s). The same is reproduced below 47(1) (a) notice of meeting of the board of directors where financial results shall be discussed (c )statements of deviation(s) or variation(s) as specified in sub-regulation (1) of regulation 32 on quarterly basis, after review by audit committee and its explanation in directors report in annual report; (d) notices given to shareholders by advertisement |
Simultaneously |
| SCHEDULE III PART PART A 7(A) | resignation of the auditor of the listed entity, detailed reasons for resignation of auditor, as given by the said auditor, shall be disclosed by the listed entities to the stock exchanges as soon as possible but not later than twenty four hours of receipt of such reasons from the auditor | 24 HOURS | |
| SCHEDULE III PART PART A 7(B) | In case of resignation of an independent director of the listed entity, within seven days from the date of resignation, the following disclosures shall be made to the stock exchanges by the listed entities: i. Detailed reasons for the resignation of independent directors as given by the said director shall be disclosed by the listed entities to the stock exchanges. ii. The independent director shall, along with the detailed reasons, also provide a confirmation that there is no other material reasons other than those provided. iii. The confirmation as provided by the independent director above shall also be disclosed by the listed entities to the stock exchanges along with the detailed reasons as specified in sub-clause (i) above.] |
7 days from the date of resignation |
| 7 Share Transfer Agent. | Reg 7(4) & (5) Share Transfer Agent. | The listed entity shall intimate any change or appointment of a new share transfer agent, to the stock exchange(s) within seven days of entering into the agreement. | 7 DAYS |
| 29 | Reg 29(1) | The intimation required under 29 (1), shall be given at least two working days in advance, excluding the date of the intimation and date of the meeting Reg 29(1) is reproduced below: (b) proposal for buyback of securities ; (c) proposal for voluntary delisting by the listed entity from the stock exchange(s); (d) fund raising by way of further public offer, rights issue, American Depository Receipts/Global Depository Receipts/Foreign Currency Convertible Bonds, qualified institutions placement, debt issue, preferential issue or any other method and for determination of issue price: Provided that intimation shall also be given in case of any annual general meeting or extraordinary general meeting or postal ballot that is proposed to be held for obtaining shareholder approval for further fund raising indicating type of issuance. (e) declaration/ recommendation of dividend, issue of convertible securities including convertible debentures or of debentures carrying a right to subscribe to equity shares or the passing over of dividend. (f) the proposal for declaration of bonus securities where such proposal is communicated to the board of directors of the listed entity as part of the agenda papers: |
at least 2 working days in advance, excluding the date of the intimation and date of the meeting |
| 31 Holding of specified securities and shareholding pattern. | Reg 31 (1)(a) | The listed entity shall submit to the stock exchange(s) a statement showing holding of securities and shareholding pattern separately for each class of securities, in the format specified by the Board from time to time- one day prior to listing of its securities on the stock exchange(s); | 1 day prior to listing of its securities on the stock exchange(s |
| 31 | Reg 31 (1 (c) | within ten days of any capital restructuring of the listed entity resulting in a change exceeding two per cent of the total paid-up share capital: | within 10 days of any capital restructuring |
| 31A Conditions for re-classification of any person as promoter / public | Reg 31A | an application for re-classification of a promoter/ person belonging to promoter group to public to the stock exchanges has to be made by the listed entity consequent to the following procedures and not later than thirty days from the date of approval by shareholders in general meeting | 30 days from the date of approval by shareholders in general meeting |
| 37 Draft Scheme of Arrangement & Scheme of Arrangement. | 37(1) | Draft Scheme of Arrangement & Scheme of Arrangement before for obtaining Observation Letter or No-objection letter, before filing such scheme with any Court or Tribunal, in terms of requirements specified by the Board or stock exchange(s) from time to time. | Before filling the same with any court or tribunal |
| 39 Issuance of Certificates or Receipts/Letters/Advices for securities and dealing with unclaimed securities. | 39(2) | The listed entity shall issue certificates or receipts or advices, as applicable, of subdivision, split, consolidation, renewal, exchanges, endorsements, issuance of duplicates thereof or issuance of new certificates or receipts or advices, as applicable, in cases of loss or old decrepit or worn out certificates or receipts or advices, as applicable within a period of thirty days from the date of such lodgement. | 30 Days |
| 39 Issuance of Certificates or Receipts/Letters/Advices for securities and dealing with unclaimed securities | 39(3) | The listed entity shall submit information regarding loss of share certificates and issue of the duplicate certificates, to the stock exchange within two days of its getting information. | 2 days of its getting information. |
| 40 Transfer or transmission or transposition of securities. | 40 (3) | On receipt of proper documentation, the listed entity shall register transfers of its securities in the name of the transferee(s) and issue certificates or receipts or advices, as applicable, of transfers; or issue any valid objection or intimation to the transferee or transferor, as the case may be, within a period of fifteen days from the date of such receipt of request for transfer | 15 days |
| 40 Transfer or transmission or transposition of securities. | 40 (3) | the listed entity shall ensure that transmission requests are processed for securities held in dematerialized mode within seven days after receipt of the specified documents: | 7 Days |
| 40 Transfer or transmission or transposition of securities. | 40 (3) | the listed entity shall ensure that transmission requests are processed for securities held in physical mode within twenty one days after receipt of the specified documents: | 21 Days |
| – | SCHEDULE VII: TRANSFER OF SECURITIES (PART B (1)) | In case of minor differences in the signature of the transferor(s), the listed entity shall follow the following procedure for registering transfer of securities: (a) the listed entity shall promptly send to the first transferor(s), via speed post an intimation of the aforesaid defect in the documents and inform the transferor(s) that objection, supported by valid proof, is not lodged by the transferor(s) with the listed entity within fifteen days of receipt of the listed entity’s letter, then the securities shall be transferred |
15 Days |
| 42 Record Date or Date of closure of transfer books. | 42(2) | The listed entity shall give notice in advance of atleast seven working days (excluding the date of intimation and the record date) to stock exchange(s) of record date specifying the purpose of the record date: | 7 working days advance intimation excluding the date of the intimation and date of the meeting |
| 42 Record Date or Date of closure of transfer books. | 42(2) | in the case of rights issues, the listed entity shall give notice in advance of atleast three working days (excluding the date of intimation and the record date).] | 3 working days advance intimation excluding the date of the intimation and date of the meeting |
| 42 Record Date or Date of closure of transfer books. | 42(3) | The listed entity shall recommend or declare all dividend and/or cash bonuses at least five working days (excluding the date of intimation and the record date) before the record date fixed for the purpose. | 5 working days advance intimation excluding the date of the intimation and date of the meeting |
| 46 Website | 46 (3)(b) | The listed entity shall update any change in the content of its website within two working days from the date of such change in content. | 2 working days |
| 50 Intimation to stock exchange(s). | 50(1) | The listed entity shall give prior intimation to the stock exchange(s) at least eleven working days before the date on and from which the interest on debentures and bonds, and redemption amount of redeemable shares or of debentures and bonds shall be payable. | 11 working days |
| 50 Intimation to stock exchange(s). | 50(3) | The listed entity shall intimate to the stock exchange(s), at least two working days in advance, excluding the date of the intimation and date of the meeting, regarding the meeting of its board of directors, at which the recommendation or declaration of issue of non-convertible debt securities or any other matter affecting the rights or interests of holders of non- convertible debt securities or non – convertible redeemable preference shares is proposed to be considered. | 2 working days advance intimation excluding the date of the intimation and date of the meeting |
| 52 Financial Results. | 52 (4) & (5) | The listed entity shall, within seven working days from the date of submission of the information required under sub- regulation (4), submit to stock exchange(s), a certificate signed by debenture trustee that it has taken note of the contents | 7 working days |
| 52 Financial Results. | 52 (4) & (8) | The listed entity shall, within two calendar days of the conclusion of the meeting of the board of directors, publish the financial results and statement referred to in reg 52 (4), in at least one English national daily newspaper circulating in the whole or substantially the whole of India. | two calendar days of the conclusion of the meeting |
| 57 Other submissions to stock exchange(s). | 57(1) | The listed entity shall submit a certificate to the stock exchange within two days of the interest or principal or both becoming due that it has made timely payment of interests or principal obligations or both in respect of the non convertible debt securities | within 2 days |
| 60 Record Date | 60(2) | The listed entity shall give notice in advance of at least seven working days (excluding the date of intimation and the record date) to the recognised stock exchange(s) of the record date or of as many days as the stock exchange(s) may agree to or require specifying the purpose of the record date. | 7 working days advance intimation excluding the date of the intimation and date of the meeting |
| 78 Record Date. | 78(2) | The listed entity shall give notice in advance of at least four working days to the recognised stock exchange(s) of record date specifying the purpose of the record date
|
notice in advance of at least 4 working days |
| 82 Intimation and filings with stock exchange(s). | 82(2) | The listed entity shall intimate to the stock exchange(s), at least two working days in advance, excluding the date of the intimation and date of the meeting, regarding the meeting of its board of trustees, at which the recommendation or declaration of issue of securitized debt instruments or any other matter affecting the rights or interests of holders of securitized debt instruments is proposed to be considered.
|
2 working days in advance, excluding the date of the intimation and date of the meeting, |
| 82 Intimation and filings with stock exchange(s). | 82(3) | The listed entity shall submit such statements, reports or information including financial information pertaining to Schemes to stock exchange within seven days from the end of the month/ actual payment date, either by itself or through the servicer, on a monthly basis in the format as specified by the Board from time to time: Provided that where periodicity of the receivables is not monthly, reporting shall be made for the relevant periods. |
within 7 days |
| 87 Record Date. | 87(2) | The listed entity shall give notice in advance of atleast seven working days (excluding the date of intimation and the record date) to the recognised stock exchange(s) of the record date or of as many days as the Stock Exchange may agree to or require specifying the purpose of the record date
|
7 working days advance intimation excluding the date of the intimation and date of the meeting |
| 87E Record Date. | 87E(2) | The listed entity shall give notice in advance of at least seven working days (excluding the date of intimation and the record date) to the stock exchange(s) of the record date or of as many days as the stock exchange may agree to or require specifying the purpose of the record date. | 7 working days advance intimation excluding the date of the intimation and date of the meeting |
- SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Securities and Exchange Board of India (SEBI) vide notification / Circular No. SEBI/HO/CFD/DCR1/CIR/P/2020/49 issued and publish dated 27th March 2020, has published Relaxation from compliance with certain provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 due to the COVID-19 pandemic”.
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Sl. No. |
Regulation No. |
Compliance Particular |
Compliance Period
(Due Date) |
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1 |
Regulation 30(1) |
Every person, who together with persons acting in concert with him, holds shares or voting rights entitling him to exercise 25% or more of the voting rights in a target company, shall disclose their aggregate shareholding and voting rights as of the 31st day of March, in such target company in such form as may be specified. |
Omitted through introduction of SEBI (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2021
Applicable w.e.f. 01.04.2022
|
|
2 |
Regulation 30(2) |
The promoter of every target company shall together with persons acting in concert with him, disclose their aggregate shareholding and voting rights as of the thirty-first day of March, in such target company in such form as may
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|
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3. |
Regulation 31(1) read with Regulation 28(3) of Takeover Regulations
AUGUST 7, 2019 CIRCULAR |
The promoter of every listed company shall specifically disclose detailed reasons for encumbrance if the combined encumbrance by the promoter along with PACs with him equals or exceeds: a) 50% of their shareholding in the company; or b) 20% of the total share capital of the company, | within 2 (two) working days
(Provision Insertion: “Provided that the aforesaid disclosure requirement shall not be applicable where such encumbrance is undertaken in a depository”) |
|
4. |
Regulation 31(4) |
Disclosure of encumbered shares |
Promoter of every target company shall together with persons acting in concert with him, disclose their aggregate shareholding and voting rights as of the 31st March, in such target company in such form as may be specified |
- SEBI (Prohibition of Insider Trading) Regulations, 2015
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Sl. No. |
Regulation No. |
Compliance Particular |
Compliance Period
(Due Date)
|
|
1 |
Regulation 7(2) “Continual Disclosures” |
Every promoter, employee and director of every company shall disclose to the company the number of such securities acquired or disposed of within two trading days of such transaction if the value of the securities traded, whether in one transaction or a series of transactions over any calendar quarter, aggregates to a traded value in excess of ten lakh rupees (10,00,000/-) or such other value as may be specified; | Every company shall notify; within two trading days of receipt of the disclosure or from becoming aware of such information |
- SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
| Sl. No. | Regulation No. | Compliance Particular |
Compliance Period (Due Date)
|
|
1 |
Schedule XIX – Para (2) of ICDR
Read with Reg 108 of SEBI LODR |
“The issuer shall make an application for listing from the date of allotment, within such period as may be specified by the Board from time to time, to one or more recognized stock exchange(s)”.
In regard to above, it is specified that Issuer shall make an application to the exchange/s for listing in case of further issue of equity shares from thedate of allotment within 20 days (unless otherwise specified). |
Within 20 days from the date of allotment
|
| 2 | Regulation 162 |
The tenure of the convertible securities of the issuer shall not exceed eighteen months from the date of their allotment. |
Within 18 months from date of allotment |
| 3 | SEBI CIRCULAR
Aug 19, 2019 |
Application for trading approval to the stock exchange Listed entities shall make an application for trading approval to the stock exchange/s within 7 working days from the date of grant of listing approval by the stock exchange/s. | Within 7 working days from grant of date of listing approval |
| 4 | Regulation 76
Application for rights issue |
The issuer along with lead managers and other parties related to the issue shall constitute an optional mechanism (non-cash mode only) to accept the applications of the shareholders to apply to rights issue subject to ensuring that no third-party payments shall be allowed in respect of any application. | |
| 5. | Regulation 77
Service of Documents |
In case if the company fails to adhere to modes of dispatch through registered post or speed post or courier services due to Covid-19 conditions it will not be treated as non-compliance during the said period. The issuers shall publish required & necessary documents on the websites of the company, registrar, stock exchanges and the lead managers to the rights issue. | |
| 6 | Regulation 84
Advertisement |
Issuer has the flexibility to publish the advertisement in additional newspapers above those required in Regulation 84. The advertisement should also be made available on:
A. Website of the Issuer, Registrar, Lead Managers, and Stock Exchanges.
B. Television channels, radio, the internet, etc. to spread information related to the process. |
|
- SEBI (Buyback of Securities) Regulations, 2018 (Buyback Regulations)
|
Sl. |
Regulation No. |
Compliance Particular |
Compliance Period
(Due Date) |
|
1 |
Regulation 11 and 24(iv) |
Extinguishment of equity shares in connection with Buyback The particulars of the security certificates extinguished and destroyed shall be furnished by the company to the stock exchanges where the shares or other specified securities of the company are listed within seven days of extinguishment and destruction of the certificates.
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7 days of extinguishment and destruction of the certificates |
- SEBI (Depositories and Participants) Regulations 2018)
| Sl. No.
|
Particulars | Due Date |
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1. |
Regulation 76 -Reconciliation of Shares and Capital Audit | Within 30 days from end of quarter. |
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2. |
Regulation 74 (5): Processing of demat requests form by Issuer/RTAs – Certificate Received from Registrar | Within 15 days from the end of each quarter. |
SEBI Circulars Tracker: February, 2023
| Sl. | Particulars | Link |
| 1. | Changes to the Framework to Enable Verification of Upfront Collection of Margins from Clients in Cash and Derivatives segments | |
| 2. | Transaction in Corporate Bonds through Request for Quote (RFQ) platform by Alternative Investment Funds (AIFs) | |
| 3. | Consultation Paper on Regulatory Framework for REITs and InvITs to issue Depository Receipts | Click Here |
| 4. | Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021 [Last amended on February 2, 2023] | Click Here |
| 5. | Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) (Amendment) Regulations, 2023 | Click Here |
| 6. | Amendments to Operational Circular for Credit Rating Agencies | Click Here |
| 7. | Consultation Paper on providing option to Alternative Investment Funds and their investors to carry forward unliquidated investments of a scheme upon completion of its tenure | |
| 8. | Manner of achieving minimum public shareholding | Click Here |
| 9. | Updated Operational Circular for Credit Rating Agencies | Click Here |
| 10. | Consultation paper on direct plan for schemes of Alternative Investment Funds (AIFs) and trail model for distribution commission in AIFs | Click Here |
| 11. | Consultation paper on safeguarding clients’ funds placed with stock brokers/ Clearing Members (CMs): Upstreaming of clients’ funds to Clearing Corporations (CCs) | |
| 12. | Consultation paper on dematerialisation of units of AIFs | Click Here |
| 13. | Consultation paper on review of eligibility criteria for the key investment team and prescribing qualification for compliance officer of Manager of an Alternative Investment Fund | |
| 14. | Consultation paper on Investor consent for buying/selling investments from/to associates of AIFs | Click Here |
|
15. |
Dos and don’ts relating to green debt securities to avoid occurrences of green washing | Click Here |
| 16 | Guidelines on Anti-Money Laundering (AML) Standards and Combating the Financing of Terrorism (CFT) /Obligations of Securities Market Intermediaries under the Prevention of Money Laundering Act, 2002 and Rules framed there under | |
| 17 | SEBI statement on Market Stability | Click Here |
| 18 | Revised Disclosure Requirements for Issuance and Listing of Green Debt Securities | Click Here |
| 19 | Enhanced obligations and responsibilities on Qualified Stock Brokers (QSBs) | Click Here |
| 20 | Consultation paper on institutional mechanism for Stock Brokers to ensure prevention and detection of fraud or market abuse | Click Here |
| 21 | Securities and Exchange Board of India (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2023 | Click Here |
| 22 | Entities allowed to use e-KYC Aadhaar Authentication services of UIDAI in Securities Market as sub-KUA | Click Here |
| 23 | Consultation paper on review of Corporate Governance norms for a High Value Debt Listed Entity | Click Here |
| 24 | Clarification w.r.t. issuance and listing of perpetual debt instruments, perpetual non-cumulative preference shares and similar instruments under Chapter V of the SEBI (Issue and Listing of Non-convertible Securities) Regulations, 2021 | |
| 25 | Clarification in respect of the compliance by the first-time issuers of debt securities under SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 with Regulation 23(6) | |
| 26 | Consultation Paper on Review of Role and Obligations of Mutual Fund Trustees | Click Here |
|
27 |
Consultation paper on proposal for introduction of the concept of General Information Document (GID) and Key Information Document (KID), mandatory listing of debt securities of listed issuers and other reforms under the NCS Regulations | |
| 28 | Informal Guidance Sought by Motilal Oswal Asset Management Company Limited regarding SEBI (Portfolio Managers) Regulations, 2020 | Click Here |
| 29 | Informal Guidance request received from ABM International Limited relating to ‘Public Shareholding’ as mentioned under Regulation 35(2)(d) under Part A of Chapter VI of the SEBI (Delisting of Equity Shares), Regulations, 2021 | |
| 30 | Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2023 |
- Compliance Requirement UNDER Companies Act, 2013 and Rules made thereunder;
| Applicable Laws/Acts | Due Dates | Compliance Particulars | Forms / Filing mode |
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Companies Act, 2013
|
Within 180 Days From The Date Of Incorporation Of The Company
(one time compliance only)
|
As per Section 10 A (Commencement of Business) of the Companies Act, 2013, inserted vide the Companies (Amendment) Ordinance, 2018 w.e.f . 2nd November, 2018, a Company Incorporated after the ordinance and having share capital shall not commence its business or exercise any borrowing powers unless a declaration is filed by the Director within 180 days from the date of Incorporation of the Company with the ROC.
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MCA E- Form INC 20A (one time compliance)
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| Companies Act, 2013
|
First declaration within 90 days from the date of notification Dt. 08.02.2019
|
A person having Significant beneficial owner shall file a declaration to the reporting company
http://www.mca.gov.in/Ministry/pdf/CompaniesOwners i.e. within 90 days of the commencement of the Companies (Significant Beneficial Owners) Amendment Rules, 2019 i.e. 08.02.2019
In case Subsequent Acquisition of the title of Significant Beneficial Owner / Any Change therein a declaration in Form No. BEN-1 required to be filed to the reporting company, within 30 days of acquiring such significant beneficial ownership or any change therein.
|
Form BEN-1
Draft Format available at |
|
Companies Act, 2013 |
Within 15 days of appointment of an auditor. |
The Ministry in its General Circular No. 12/2018 dated 1
3th December, 2018 clarified that filing of Form NFRA-1 is applicable only for Bodies Corporate and ruled out filing by Companies as defined under sub-section (20) of Section 2 the Act. |
E – Form NFRA -1 |
|
Companies Act, 2013 |
Within 30 days of the board meeting | Filing of resolutions with the ROC regarding Board
Report and Annual Accounts. The details of the resolutions passed should be filed.
|
MGT-14 (Filing of resolution with MCA) |
|
Companies Act, 2013 |
within a period of 60 days after the holding
of AGM |
IEPF Authority (Accounting, Audit, Transfer and Refund)
Second Amendment Rules, 2019 Statement of unclaimed and unpaid amounts. This e-form shall be filed within a period of 60 days after the holding of AGM or the date on which it should have been held as per the provisions of section 96 of the Act, whichever is earlier |
IEPF -2 |
|
Companies Act, 2013 |
One Time compliances
|
Registration of Entities for undertaking CSR activities
– Trust/ Society/ Section 8 Company need to file before Acceptance of Donation as CSR w.e.f. 01st April 2021 |
E-Form CSR-1
|
Important Updates – February, 2023
| Sl. | Particulars of the Circulars | Link
|
| 1 | Extension of Time for filing of 45 company e-Forms and PAS-03 in MCA 21 Version 3.0 without additional fee |
|
| 2 | Consultation Paper on refund process at IEPF Authority | |
| 3 | Claim Notice- “Advertisement of Notice to Creditors & Ex-workmen to prove their Claim” of M/s. Airtone Infrastructure Private Limited (In-Liqn.),Company petition No.08/2012 | |
| 4 | Filing of Forms GNL-2 (filing of prospectus related documents and privateplacement), MGT-14 (filing of Resolutions relating to prospectus related documents and private placement), PAS-3 (Allotment of Shares),SH-8 (letter of offer for buyback of own shares or other securities), SH-9 (Declaration of Solvency) and SH-11(Return in respect of buy-back of securities) due to migration fromV2 Version to V3 Version in MCA 21 Portal from 22.02.2023 to 31.03.2023 |
|
| 5 | Extension of Time for filing of 45 company e-Forms, PAS-03 and SPICE+ PartA in MCA 21 Version 3.0 without additional fee | |
| 6 | All new Directors are advised to register as Business Users and Associate DSC in V3 before filing forms in V3 | |
| 7 | Stakeholders are advised to check their already filed/initiated Spice+ applications of V2 in the Historic tab of V3 Application History. | Click Here |
- IBBI Updates {Insolvency and Bankruptcy Board of India}
Important Notifications and Circulars Tracker (February, 2023)
| Sl. | Particulars | Link |
| 1 | In the matter of Mr. Abhishek Anand, IP | Click here |
| 2 | In the matter of Mr. Ashutosh Gokhale, IP | Click here |
| 3 | In the matter of Mr. Manish Gupta, IP | Click here |
| 4 | QUARTERLY NEWSLETTER FOR OCT-DEC, 2022 | Click here |
| 5 | In the matter of Mr. Anurag Kumar Sinha, IP | Click here |
| 6 | In the matter of Mr. Vivek Raheja, IP | Click here |
| 7 | In the matter or RBSA Valuation Advisors LLP, RV | Click here |
| 8 | In the matter of Mr. C. Ramasubramaniam, IP | Click here |
| 9 | Final Panel of IPs prepared in accordance with ‘Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) (Second) Guidelines, 2022’, for appointment as IRP, Liquidator, RP and BT, for the period January 1, 2023, to June 30, 2023 along with Corrigendum dated February 14, 2023. |
|
| 10 | Second International Research Conference on Insolvency and Bankruptcy being organized by Insolvency and Bankruptcy Board of India in association with IIM Bangalore from 23rd February- 25th February 2023 |
- Cabinet Decisions / New Acts
| Sl. | Particulars | Link |
| 1 | Amendments to the banking regulation act, the banking companies act and the reserve bank of india act proposed to improve bank governance and enhance investors’ protection | |
| 2 | Government initiates various steps under National Bioenergy Programme to promote and encourage establishment of new waste to energy plants | Click here |
| 3 | Government initiatives to incentivise investment by private sector in the field of renewable energy | Click here |
| 4 | Department for Promotion of Industry and Internal Trade (DPIIT) reviews the progress made by Social Sector Ministries/Departments in the adoption of PM GatiShakti National Master Plan | |
| 5 | Government has created the new Ministry of Cooperation to provide a separate administrative, legal and policy framework for strengthening the cooperative movement in country | Click here |
| 6 | Centre notified Guidelines for Prevention of Misleading Advertisements and Endorsements to curb misleading advertisements and protect the consumers , who may be exploited or affected by such advertisements | Click here |
| 7 | Cabinet approves Air Services Agreement between India and Guyana | Click here |
| 8 | Cabinet approves the extension of the term of the Twenty-second Law Commission of India upto 31st August, 2024 | Click here |
| 9 | Recommendations of 49th GST Council Meeting | Click here |
| 10 | Cabinet approves the ratification of three Protocols on Article 3 bis and Article 50 (a) & Article 56 relating to amendments in the convention on International Civil Aviation (Chicago Convention), 1944 | |
| 11 | Centre further reduces the reserve price of wheat upto 31st March, 2023 to check inflation | Click here |
| 12 | Designation of Organisations/individuals as ‘Terrorist Organization’/ ‘Terrorist’ under the Unlawful Activities (Prevention) Act, 1967 (UAPA) | Click here |
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This Calendar / Compliance Tracker is updated till 28th February, 2023 with all Laws / Regulations and their respective amendments.
————————————-THE END—————————————————-
Disclaimer:Every effort has been made to avoid errors or omissions in this material. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. In no event the author shall be liable for any direct, indirect, special or incidental damage resulting from or arising out of or in connection with the use of this information. Many sources have been considered including newspapers (ET, BS & HT etc.).
Feel free to share your suggestions / opinions at cslalitrajput@gmail.com
