Bird’s eye view of recent notified laws (III Edition)
Below mentioned is the compilation of various laws notified by the Government both at Central and various State levels during recent times along with their scope and applicability:
|
Name of Legislation |
Geographical Applicability |
Category | Scope of Applicability |
Effective Date |
| Directions – Compounding of Contraventions under FEMA, 1999 | Central | Banking and Forex Laws, Regulatory Laws | These Directions are applicable on all Authorised Dealer Category – I banks and Authorised bank. Authorised Dealers are advised to take necessary steps to ensure that checks and balances are incorporated in systems relating to dealing with and reporting of foreign exchange transactions so that contraventions of provisions of FEMA, 1999, attributable to the Authorised Dealers do not occur. In this connection, it is reiterated that in terms of Section 11(3) of FEMA, 1999, the Reserve Bank may impose on the authorized person a penalty for contravening any direction given by the Reserve Bank under this Act or failing to file any return as directed by the Reserve Bank. | 01-10-2024 |
| Ropes and Cordages (Quality Control) Order, 2024 | Central | Regulatory Laws | This Order shall apply to goods or article specified in column (2) of the Schedule annexed to this Order, but shall not apply to such goods or article meant for export. Articles mentioned in Schedule are as under:
1. Textiles – Manila ropes 2. Fibre ropes- Polyester 3-, 4-, 8- and 12- strand ropes 3. Textiles – Composite synthetic fibre ropes 4. Textiles – Mixed Polyolefin Fibre Ropes 5. Steel wire ropes – Fibre main cores 6. Fibre ropes – Polyamide 3- 4- 8- and 12-Strand ropes 7. Fibre ropes – Polypropylene split film, monofilament and multifilament (PP2) and polypropylene high tenacity multifilament (PP3) – 3-, 4-, 8- and 12- strand ropes 8. Fibre ropes Polyethylene 3- and 4 -strand ropes 9. Fibre ropes of polyester / polyolefin dual fibres |
01-04-2025
For Small and Micro Enterprises as defined under the Micro, Small and Medium Enterprises Development Act, 2006 – 01-07-2025 |
| Indutech (Quality Control) Order, 2024 | Central | Regulatory Laws | This Order shall apply to Textiles – Flat woven webbing slings made of man-made fibres for general services, but shall not apply to such goods or article meant for export. | 01-04-2025
For Small and Micro Enterprises as defined under the Micro, Small and Medium Enterprises Development Act, 2006 – 01-07-2025 |
| Geotextiles (Quality Control) Order, 2024 | Central | Regulatory Laws | This Order shall apply to Geosynthetics — Synthetic Polymer Rope Gabions for Coastal and Waterways Protection but shall not apply to such goods or article meant for export. | 01-04-2025 |
| Electrical Appliances for Commercial Dispensing and Vending (Quality Control) Order, 2024 | Central | Regulatory Laws | Electrical appliances for commercial dispensing and vending shall bear Standard Mark under a license from the Bureau as per Scheme-1 of Schedule-II of the Bureau of Indian Standards (Conformity Assessment) Regulations, 2018.
Provided that nothing in this order shall apply to goods or articles manufactured domestically for export. |
17-10-2024 |
| International Financial Services Centres Authority (Payment and
Settlement Systems) Regulations, 2024 |
Central | Regualtory Laws | These regulations lay down the process of authorisation and operations of Payment Systems in International Financial Services Centres. | 17-10-2024 |
| Reserve Bank of India (Access Criteria for NDS-OM) Directions, 2024 | Central | Banking and Forex Laws, Regulatory Laws | These Directions are applicable on all the participants in Government Securities market. | 18-10-2024 |
| Kerala Finance Act, 2024 | Kerala | Direct Taxation Laws, Indirect Taxation Laws | To all the entities. | 28-09-2024 |
| Dadra and Nagar Haveli and Daman and Diu Co-operative Societies Regulation, 2024 | Dadra and Nagar Haveli and Daman and Diu | Banking and Forex Laws | A Regulation for registration, incorporation and management of Co-operative Societies in the Union territory of Dadra and Nagar Haveli and Daman and Diu and to repeal the Maharashtra Co-operative Societies Act, 1960 as applicable to the erstwhile Union territory of Daman and Diu and the Gujarat Co-operative Societies Act, 1961 as applicable to the erstwhile Union territory of Dadra and Nagar Haveli and for matters connected therewith or incidental thereto. | Yet to be notified |
| Jharkhand State Electricity Regulatory Commission (Prepaid Smart Metering) Regulations, 2024 | Jharkhand | Environment, Health and Safety Laws, Regulatory Laws | These Regulations shall be applicable to all consumers and Distribution Licensees/Distribution Franchisees engaged in the business of distribution and supply of electricity in the State. | 26-09-2024 |
| Madhya Pradesh Electricity Regulatory
Commission (Ancillary Services) Regulations, 2024 |
Madhya Pradesh | Environment, Health and Safety Laws, Regulatory Laws | These Regulations aim to provide mechanisms for procurement, deployment and payment of Ancillary Services at the State level for minimizing state deviation and aid State Load Despatch Centre (SLDC) in maintaining the Grid frequency close to 50 Hz and for relieving congestion in the intra state transmission network, to ensure smooth operation of the power system and safety and security of the State Grid. | Yet to be notified |
| Madhya Pradesh Electricity Distribution Code (Revision-I), 2024 | Madhya Pradesh | Environment, Health and Safety Laws, Regulatory Laws | The provisions of Distribution Code shall be applicable to all Distribution System users including:
a) Distribution Licensee(s) (including deemed Licensee(s)); b) Open Access Consumers (OAC) connected to Distribution System; c) Other Distribution Licensee (s) connected to Distribution System not owned by them; d) Distribution System embedded Generators; and e) Consumers. |
03-10-2024 |
| Union Territory Goods and Services Tax (Ladakh) Rules, 2024 | Ladakh | Indirect Taxation Laws | The Central Goods and Services Tax Rules, 2017, in respect of scope of supply, composition levy, composite supply and mixed supply, time and value of supply, input tax credit, registration, tax invoice, credit and debit notes, accounts and records, returns, payment of tax, tax deduction at source, collection of tax at source, assessment, refunds, audit, inspection, search, seizure and arrest, demands and recovery, liability to pay in certain cases, advance ruling, appeals and revision, presumption as to documents, offences and penalties, job work, electronic commerce, settlement of funds, transitional provisions, and miscellaneous provisions including the provisions relating to the imposition of interest and penalty, shall, mutatis
mutandis, apply, with certain modifications as prescribed in the Rules. |
09-10-2024 |
| Delhi Electricity Regulatory Commission (Terms and Conditions for Green Energy Open Access) Regulations, 2024 | Delhi | Environment, Health and Safety Laws, Regulatory Laws | These Regulations shall be applicable for allowing Open Access to electricity generated from green energy sources, as defined herein above, and also to the energy from non-fossil fuel based Municipal Solid Waste-to-Energy or Refuse-Derived Fuel (RDF) plants for use of Intra-State Transmission System (InSTS) or distribution system or both in the State including Intra-State Transmission System(s) (InSTS) and/or Distribution System (s) which are incidental to Inter-State Transmission of electricity. | Yet to be notified |
| Haryana Registered Vehicle Scrappage & Recycling Facility Incentive Policy-2024 | Haryana | Regulatory Laws | i. This Policy will be applicable to the State of Haryana.
ii. The Policy shall commence with effect from its date of notification in the official gazette and shall remain in operation for a period of 5 years or till the time the Government decides to discontinue this scheme, whichever is earlier iii. All the conditions stated for the Registered Vehicle Scrapping Facilities (RVSF) mentioned in the Motor Vehicles (Registration and Functions of Vehicle Scrapping Facility) Rules, 2021 and the Vehicle Scrappage Policy Haryana will be applicable unless otherwise specified in this document and or as amended from time to time. iv. All fixed capital investments made after the commencement of this Policy would be considered for the purpose of incentives. v. All RVSFs as approved by the Transport Department, Haryana and that have gone into commercial operations after notification of this policy shall be eligible for incentives. vi. This policy is applicable to both new & existing RVSFs and RVS&RF units in Haryana undertaking an expansion/diversification, subject to compliance of the following conditions: – Units undertaking expansion/ diversification anywhere in ‘B’, ‘C’, and ‘D’ blocks on land parcels with valid CLU permission or in Govt. approved Industrial Estates / IMTs; – Units undertaking an expansion/ diversification, with an additional investment of at least 50% of FCI as on date of initiating expansion/ diversification and commencing production of said expansion/ diversification during the operative period of the policy – Units undertaking expansion/ diversification will be eligible for availing incentives only once during the policy period. – Units are not eligible to avail incentives under the same head in this policy if it has been availed/applied under ‘HEEP 2020’ or any other policy issued by the Government of Haryana. – The cumulative incentives shall be subject to a ceiling of 100% of Fixed Capital Investment (FCI). |
21.10.2024 |
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