MINISTRY OF SHIPPING NOTIFICATION New Delhi, the 9th February, 2016 S.O. 437(E).- In exercise of the powers conferred by sub-section (1) of Section 70 of the Information Technology Act, 2000 (21 of 2000), the Central Government hereby declares Long Range Identification and Tracking (LRIT) system under the aegis of Director General of Shipping (Ministry of Shipping) facilities, Information, Assets, Logistics Infrastructure and Dependencies installed at LRIT locations to be protected syst... ... ...

Exclusive electronic publication of the Gazette of India is instituted under section 8 of the Information Technology Act, 2000. Gazette content is to be published only through the official e-Gazette website. The Department of Publication must maintain records of electronically published notifications for reference. Government printing and sale of hard-copy Gazettes are to cease, and users may download the electronic Gazette free of charge.

Recognised market infrastructure institutions must perform critical operations involving trading facilities, clearing and settlement, dematerialisation, record keeping, core IT infrastructure, business continuity, disaster recovery, and cyber resilience. Their regulatory and compliance functions cover risk management, surveillance, listing, participant registration, admission of issuers and products, inspection, enforcement, arbitration, grievance redressal, member-default arrangements, and investor protection. Other functions include sales, marketing, product development and finance.

THE HONOURABLE MR. JUSTICE C. SARAVANAN For the Petitioner : Mr. N. V. Balaji For the Respondent : Mr. A.N.R. Jayaprathap Junior Standing Counsel for Mr. A.P. Srinivas Senior Standing Counsel COMMON ORDER By this common order, these eight Writ Petitions are being disposed of as detailed below:- Sl.No. W.P. No. Assessment Year Provision Date 1. 24357 of 2021 2010-11 u/s. 143(3) r.w.s. 147 of the Income Tax Act, 1961 28.09.2021 2. 24363 of 2021 20... ... ...

^1[Schedule-I (See regulation 10A) Part A: Code of Conduct for a recognised market infrastructure institution A recognised market infrastructure institution shall: (a) adhereto the provisions of the IFSCA Act, Securities Contracts (Regulations) Act, 1956, Securities and Exchange Board of India Act, 1992, Depositories Act, 1996, including any rules, regulations, circulars, guidelines and any other directions issued thereunder. (b) adopt appropriate due diligence measure... ... ...

Regulation 63C requires each recognised market infrastructure institution to appoint a chief information security officer separately and in addition to a chief technology officer. The chief information security officer oversees the institution's cyber security posture and reports directly to the managing director or chief executive officer. The requirement took effect from 1 November 2024.

Recognised market infrastructure institutions that are neither subsidiaries nor joint ventures must appoint a chief legal officer. Subsidiaries and joint ventures may rely on legal assistance from a parent entity, but must appoint the officer if that assistance is not provided. The Authority may require appointment by institutions beyond a specified size and scale of operations. The officer must mitigate legal risk, including by vetting bye-laws, amendments, and legal documents for proposed cross-border arrangements.

Each recognised market infrastructure institution must appoint a Chief Risk Officer to identify and monitor risks associated with its functioning, initiate necessary mitigation measures, and assume overall responsibility for risk management. The Chief Risk Officer must submit a report to the Authority every half-year, combining risk oversight with recurring regulatory reporting.

Computer resources relating to the Core Banking Solution and Unified Payments Interface Switch, including associated dependencies, are declared protected systems under the Information Technology Act, 2000. Jammu & Kashmir Bank Limited may specify authorised users by written order, including designated employees, need-based managed-service-provider personnel or third-party vendors, and consultants, regulators, government officials, auditors or stakeholders on a case-by-case basis. The designation takes effect upon publication in the Official Gazette.

Recognised clearing corporations must maintain a bye-law-based framework for voluntary and involuntary winding down of critical operations and services. The framework must provide for timely and orderly settlement, cessation, or transfer of positions, and for transfer of members' collateral, deposits, margins, and other assets to a recognised clearing corporation taking over the operations.

DINESH MAHESHWARI AND VIKRAM NATH JJ. For the Appellant : Ms. Shreya Jain, Adv. Mr. Gaurav Tanwar, Adv. Mr. Sachin Mittal, AOR For the Respondent : Mr. Kruthin Joshi, Adv. Mr. Rajesh Mahale, AOR Mr. Purvish Jitendra Malkan, AOR Mr. Jitendra Malkan, Adv. Ms. Dharita P Malkan, Adv. Ms. Deepa Gorasia, Adv. Mr. Alok Kumar, Adv. Ms. Nandini Chhabra, Adv. Ms. Bhavna Sarkar, Adv. JUDGMENT DINESH MAHESHWARI, J. The relevant factual matrix and background. 2 The application seeking re... ... ...

The amended pre-deposit requirement for GST appeals raises an unresolved question of temporal application where the show-cause notice predates the amendment. The issue concerns whether the vested right of appeal preserves the earlier pre-deposit position; a subsequent precedent on appellate stay may also bear on that question. Pending affidavits and final adjudication, interim protection permitted a timely appeal to be entertained without the 10% pre-deposit.

Recognised market infrastructure institutions must constitute a Nomination and Remuneration Committee to determine key management personnel compensation under a governing board-approved compensation policy. The policy must include malus and clawback arrangements. Compensation payable to the managing director, and each change to it, must be intimated to the Authority.

Outbound Hajj/Umrah package-tour services performed in Saudi Arabia fall outside the domestic service-tax levy because the place of provision for performance-based services and event-related activities is where they are actually carried out. Service tax is destination-based and has no extra-territorial operation, so services provided and consumed outside India are not taxable. Religious-ceremony exemption and treatment of Hajj pilgrimage tours as export of service independently support non-taxability. Where non-registration and non-payment result from a bona fide belief in this position, reasonable-cause relief prevents penalties.

Regulation 10A requires each recognised market infrastructure institution to abide by the Code of Conduct specified in Part A of Schedule I to the International Financial Services Centres Authority (Market Infrastructure Institutions) Regulations, 2021. Inserted with effect from 1 November 2024, it makes adherence to that Schedule-based Code of Conduct mandatory for recognised market infrastructure institutions within the regulatory framework.

UIDAI's Central Identities Data Repository facilities, information assets, logistics infrastructure and dependencies installed at UIDAI locations are designated as a Protected System under the Information Technology Act, 2000. Role-based access to the CIDR facility is limited to authorised personnel, including designated UIDAI officers and support staff, authorised managed service provider personnel, authorised third-party vendors and partners, and authorised business partners.

The First Schedule to the Information Technology Act, 2000 is amended to revise exclusions concerning negotiable instruments and powers of attorney. Negotiable instruments remain excluded except for cheques and specified demand promissory notes or bills of exchange issued in favour of or endorsed by regulated financial entities. Powers of attorney authorising such regulated entities to act for, on behalf of, and in the name of the executing person are also excluded from the relevant Schedule entry. Serial number 5 and its related entry are omitted.

Protected-system status is declared for computer resources relating to South Indian Bank's Core Banking Solution, Unified Payments Interface Switch, and associated dependencies. South Indian Bank may identify authorised persons through written orders, including designated employees, need-based managed-service-provider personnel and third-party vendors, and consultants, regulators, government officials, auditors and stakeholders on a case-by-case basis. The designation takes effect upon publication in the Official Gazette.

Look Out Circulars restricting a guarantor's foreign travel engage the constitutional protection of personal liberty. Such coercive action ordinarily relates to cognizable offences; the exceptional power to restrain departure for detriment to India's economic interests requires higher gravity and a significant national economic impact. It cannot be used routinely for business loan defaults or ordinary recovery claims. A guarantor who lacked prior knowledge of the alleged fraud and was not accused in the related criminal proceedings did not meet that threshold. The Look Out Circular was therefore unsustainable and quashed.

Under section 69B of the Information Technology Act, 2000, the Central Government authorises CERT-In to monitor and collect traffic data or information relating to any computer resource, including information generated, transmitted, received or stored therein. The authority supports cyber security through identification, analysis and prevention of intrusions and the spread of computer contaminants.