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

Finance (No. 2) Act, 2024 Central Direct Taxation Laws, Indirect Taxation Laws To all the entities. Sections 2 to 87- 01-04-2024

For rest of the Sections- As prescribed in the Act.

CPCB Guidelines for imposition of environmental compensation charges against healthcare facilities and common biomedical waste treatment facilities Central Environment, Health and Safety Laws It applies to all persons who generate, collect, receive, store, transport, treat, dispose, or handle bio medical waste in any form including hospitals, nursing homes, clinics, dispensaries, veterinary institutions, animal houses, pathological laboratories, blood banks, ayush hospitals, clinical establishments, research or educational institutions, health camps, medical or surgical camps, vaccination camps, blood donation camps, first aid rooms of schools, forensic laboratories and research labs. 22-08-2024
International Financial Services Centres Authority (Listing) Regulations, 2024 Central Banking and Forex Laws, Regulatory Laws These regulations provide the regulatory framework for listing specified securities, debt securities, depository receipts and other permitted financial products on the recognised stock exchanges in International Financial Services Centres in India.

 

 

 

 

These regulations shall apply to:

(a) an initial public offer of specified securities by an unlisted entity;

(b) a follow-on public offer of specified securities by a Listed Entity;

(c) an initial public offer of specified securities by a Special Purpose Acquisition Company;

(d) a rights issue or a preferential issue or a qualified institutions placement of specified securities by a Listed Entity;

(e) issuance and listing of depository receipts by an entity;

(f) issue and listing of debt securities by an entity;

(g) secondary listing of securities by an entity;

(h) listing of Commercial Paper or Certificates of Deposit or other financial products as permitted by the Authority.

29-08-2024
Competition (Criteria for Exemption of Combinations) Rules, 2024 Central Corporate Laws Rule 3 states different combinations that meet the criteria prescribed in the Schedule annexed to these Rules shall be exempt from the requirement to comply with sub-sections (2), (2A) and (4) of Section 6 of the Competition Act, 2002. 10-09-2024
Competition (Criteria of Combination) Rules, 2024 Central Corporate Laws These rules deal with Criteria of Combination. Rule 3 provides that for the purposes of sub-section (4) of section 6 of the Act, the parties to a combination, their respective group entities and their affiliates who fulfil the following criteria, may give notice for such combination under that sub-section, namely: –

(a) they do not produce or provide similar or identical or substitutable product or service;

(b) they are not engaged in any activity relating to production, supply, distribution, storage, sale and service or trade in product or provision of service, –

(i) which are at different stage or level of production; or

(ii) which are complementary to each other.

10-09-2024
Competition (Minimum Value of Assets or Turnover) Rules, 2024 Central Corporate Laws Rule 3 provides that for the purposes of clause (e) of section 5 of the Competition Act,2002

(a) the value of assets shall be rupees four hundred and fifty crore; and

(b) the value of turnover shall be rupees one thousand two hundred and fifty crore.

 

10-09-2024
Competition Commission of India (Combinations) Regulations, 2024 Central Corporate Laws As per Rule 4(1), the value of transaction for the purpose of clause (d) of section 5 of the Competition Act, 2002 shall include every valuable consideration, whether direct or indirect, immediate or deferred, cash or otherwise,

including but not limited to the consideration, —

(a) for any covenant, undertaking, obligations or restrictions imposed on seller or any other person, if such consideration is agreed separately;

(b) for all inter-connected steps and transactions, as provided in sub-regulation (4) and (5) of regulation 9 of these regulations;

(c) payable during two years from the date on which the transaction would come into effect for arrangement(s) entered into as a part of the transaction or incidental thereto including but not limited to technology assistance, licensing of intellectual property rights, usage rights

of any product, service or facility, supply of raw materials or finished goods, branding and marketing;

(d) for call option and shares to be acquired thereof assuming full exercise of such option;

(e) payable, as per best estimates, based on the future outcome specified under the transaction documents.

10-09-2024
Central Electricity Regulatory Commission (Deviation Settlement Mechanism and Related Matters) Regulations, 2024 Central Environment, Health and Safety Laws, Regulatory Laws These regulations shall be applicable to all grid connected regional entities and other entities engaged in inter-State purchase and sale of electricity. To be notified.
Uniform Code for Marketing Practices in Medical Devices (UCMPMD) 2024 Central Regulatory Laws This code applies to all medical device associations.  All associations should constitute an Ethics Committee for Marketing Practices in Medical Devices (ECMPMD), upload the UCMPMD on their website along with the detailed procedure for lodging of complaints, which will be linked to the UCPMP portal of the Department of Pharmaceuticals. 06-09-2024
Protective Textiles Quality Control

(Upholstered Composites used for Non-Domestic Furniture) Order, 2024

Central Regulatory Laws This Order shall apply to:-

(a) goods or articles specified in column (2) of the Schedule annexed to this Order, but shall not apply to

such goods or article meant for export;

(b) upholstered composites or fabric traded as raw material or rolls or used in assembly of non-domestic

furniture:

Provided that the industry dealing with the assembly of non – domestic furniture (manufacturing or importing), wherein upholstered fabric is used as part of the finished furniture product shall be exempted from this Quality Control Order till 31st March 2025.

12-09-2024
Telecommunications (Right of Way) Rules, 2024 Central Regulatory Laws (1) These rules apply to permissions for the right of way for telecommunication network.

(2) Any public entity shall exercise the powers under these rules upon an application made by any facility provider seeking the right of way for telecommunication network.

(3) All applications, notifications, clarifications, permissions, objections or rejections under these rules, shall be made through the portal to the extent specified under these rules.

01-01-2025
Direct Tax Vivad se Vishwas Rules, 2024 Central Direct Taxation Laws It seeks to resolve any dispute related to direct taxes. It is applicable to all the entities. 20-09-2024
Guidelines for Installation and

Operation of Electric Vehicle Charging Infrastructure-2024

Central Regulatory Laws These guidelines shall be applicable to

(i) Manufacturers, Owners and Operators of EV Charging Infrastructure located

a) In private parking spaces,

b) In semi restricted places like office buildings, educational institutions,

hospitals, Group Housing Societies, e-bus depots and

c) In public places like commercial complexes, railway stations, petrol pumps, airports, metro stations, shopping arcades, municipal parking and

d) On highways & expressways.

(ii) Power utilities and Central and State agencies.

17-09-2024
Safety of Household, Commercial

and Similar Electrical Appliances (Quality Control) Order, 2024

Central Regulatory Laws It shall apply to all electrical appliances intended for household, commercial or similar application with rated

voltage not exceeding 250V single phase alternating current or 415V three phase alternating current and which do not fall under the scope of any other Quality Control Order issued under the Bureau of Indian Standards Act.

20-09-2024
Puducherry Transgender Persons (Protection of Rights) Rules, 2024 Puducherry Human, Labour and Employment Laws It applies to all the establishments employing/ intending to employ transgender persons. To be notified.
Maharashtra Electricity Regulatory Commission (Multi Year Tariff) Regulations, 2024 Maharashtra Environment, Health and Safety Laws, Regulatory Laws These Regulations shall be applicable to existing and future Generation Companies, Transmission Licensees, Distribution Licensees, Deemed Distribution Licensees, distribution/retail supply utilities exempted from Licence, Maharashtra State Load Despatch Centre (MSLDC), Maharashtra State Transmission Utility (STU) and their successors, Energy Storage System Developer for determination of Aggregate Revenue Requirement, Tariff, Fees and Charges of MSLDC and Fees and Charges of STU in all matters covered under these Regulations from April 1, 2025 up to March 31, 2030. 19-08-2024
Bihar Purchase Preference Policy, 2024 Bihar Regulatory Laws It applies to all the industrial units/ enterprises operating/ intending to operate in the state of Bihar. 07-08-2024
Union territory of Ladakh Legal Metrology (Enforcement) Rules, 2024 Ladakh Regulatory Laws It applies to manufacturers, repairer, dealer and user of weights and measures. 12-09-2024
Indore Community Cameras (Surveillance) Byelaws 2024 Madhya Pradesh Regulatory Laws It applies to all establishments frequented by large number of people with a likelihood of gathering of 100 or more at a time or built-up area of 1500 square feet or above, including but not limited to commercial establishments, religious places, educational institutions, hospitals, sports complexes, places of entertainment, auditoriums, offices, banks, convention centers, public places like railway stations, bus stations, places of organised congregation and such other establishments as the Monitoring and Control Committee (as defined in the bye-laws) may specify to an establishment for the purpose of these bye-laws. 12-09-2024
Telangana MSME Policy 2024 Telangana Corporate Laws It applies to all the MSME units operating/ intending to operate in the state of Telangana. 18-09-2024
Madhya Pradesh Pulses (Maximum Stock Limit and Stock Declaration) Control Order, 2024 Madhya Pradesh Regulatory Laws It applies to all the millers, big chain retailers, retailer, wholesaler and importer of pulses prescribed in the Schedule of this Order. 20-09-2024
Karnataka Electricity Regulatory Commission

(Framework for Resource Adequacy) Regulations, 2024

Karnataka Environment, Health and Safety Laws, Regulatory Laws These Regulations shall apply to the generating companies, distribution licensees, State Load Despatch Centre, State Transmission Utility, Transmission licensees and other grid connected entities and stakeholders within the State of Karnataka. 24-09-2024

 

Disclaimer:  This is an effort by Lexcomply.com, to contribute towards improvingcompliance managementregime.User is advised not to construe this service as legal opinion and is advisable to take a view of subject experts.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>