Foreign Contribution rules now require a designated FCRA account, digital filings, fees via payment gateway, and stricter conditions for registration and large grants.
The amendment mandates opening and disclosure of a designated FCRA Account for receipt of foreign contribution, requires electronic form for filings and payment of specified fees via the Central Government payment gateway, sets eligibility conditions for registration and prior permission (including three years' existence/minimum core spending and donor-recipient safeguards), permits instalmentised receipt for amounts over one crore subject to 75% utilisation proof and field inquiry, and provides that unutilised funds and assets vest with the prescribed authority where registration ceases or is cancelled.

Sovereign Gold Bond Subscription requires PAN and must be filed through authorised receiving offices following prescribed procedures.
The Sovereign Gold Bond Scheme 2020-21 (Series VII-XII) sets tranche-specific subscription and issuance dates, allows earlier closure by the Central Government, and requires applications in the prescribed form stating grams of gold with mandatory PAN details. Designated scheduled commercial banks (with stated exclusions), post offices, SHCIL and recognised stock exchanges are authorised receiving offices to accept applications and must issue prescribed acknowledgements while following RBI's consolidated procedural and operational guidelines; all other terms from the Government of India notification apply.

Sovereign Gold Bond scheme: bonds in grams of gold, 2.5% interest p.a., market linked rupee redemption at maturity.
The Sovereign Gold Bond Scheme 2020-21 issues government stock certificates denominated in grams of 999 purity gold, priced by the three day simple average gold closing price, with an online payment discount. Minimum one gram subscriptions and annual investment ceilings vary by investor category; bonds are convertible to demat, tradable, and carry 2.50% p.a. interest payable semi annually. Redemption in rupees at maturity (or permitted early redemption after year five) is based on the three day average gold price. Interest is taxable; capital gains on redemption for individuals are exempt and indexation is available for transfers.

Monetary Policy Committee under section 45ZB constituted; members appointed and external members given four-year terms.
Constitution of a Monetary Policy Committee under the Reserve Bank of India Act comprising ex officio Reserve Bank members-the Governor (Chairperson), the Deputy Governor responsible for monetary policy, and a Central Board nominated officer-and three appointed external members (Prof. Ashima Goyal, Prof. Jayanth R. Varma, Dr. Shashanka Bhide), with the appointed members to hold office for four years or until further orders.

Bullion regulation: Authority empowered to regulate bullion products and related services within IFSCs under the Act.
Notification under the International Financial Services Centres Authority Act, 2019 empowers the Authority to regulate specified bullion-related products and services: bullion spot delivery contracts and bullion depository receipts with underlying bullion, together with trading in such receipts, bullion financing, bullion-based loans, loans against bullion collateral, bullion vaulting, and clearing and settlement services. Key definitions clarify "bullion" and the structure of spot delivery contracts and depository receipts for regulatory application.

Central Authority governance: Chief Commissioner allocates business, authorises contracts, and controls publication of decisions.
The regulations vest transaction of the Central Authority's business in the Chief Commissioner, who allocates business, oversees administrative matters, delegates powers, and controls publication of decisions; every decision must be recorded. Contracts require written signatures by authorised officers, documents may be verified by officers authorised by the Chief Commissioner, and the Common Seal may be affixed only on a resolution in the Commissioner's presence. Non-official attendees may receive discretionary reimbursement, and procedural irregularities not affecting merits do not invalidate acts.

Consumer Commission Procedure Rules ensure standardized filing, notice, hearing and record-keeping practices for consumer disputes.
The regulations establish procedural rules for Consumer Commissions under the Consumer Protection Act, 2019, prescribing filing requirements and nomenclature for complaints, appeals and revision petitions, scrutiny and correction of defects, issuance and mode of service of notices, and timelines for admission and specific applications. They regulate hearing arrangements, cause lists, adjournments and costs, participation of voluntary consumer organisations and authorised agents, interim and ex parte order procedures, final order content and timing, certified copies and fees, preservation and inspection of records, monthly returns, computerisation, and priority listing for vulnerable persons.

E-commerce regulation: mandatory transparency, grievance redressal, and seller obligations to protect online consumers through disclosure and ranking rules.
The rules require e-commerce entities, marketplace operators, inventory retailers and sellers to provide prominent disclosures (legal name, addresses, website, contact details), appoint resident nodal and grievance officers, acknowledge complaints within forty-eight hours and redress within one month, prohibit unfair trade practices and unjustified price manipulation, ensure explicit consumer consent for purchases, process refunds per payment regulations, and for marketplace entities to disclose seller details, complaint ticketing, ranking parameters and maintain records to identify repeat infringers.

Code on Wages draft rules: comprehensive framework for minimum wages, working hours, bonus, payment and compliance procedures.
Draft Code on Wages (Central) Rules, 2020 prescribe definitions, administrative authorities, occupational skill categorisation, and geographic divisions; set minimum wage calculation criteria based on a standard working-class family and conversion rules for day, hour and month rates; require Board and State consultation to fix and periodically revise a national floor wage; prescribe working hours, weekly rest and night-shift rules; regulate payment, permissible deductions, recovery of advances, bonus computation and carry-forward mechanisms; mandate registers, wage slips, complaint and enquiry procedures, forms and an inspection scheme.

MSME classification thresholds set composite investment and turnover criteria with online Udyam Registration and self-declaration.
Enterprises are classified by composite investment and turnover ceilings into micro, small and medium categories; classification aggregates units with the same PAN and GSTINs. Udyam Registration is an online, self-declaratory process issuing a permanent Udyam Registration Number and an e-certificate, with investment linked to Income Tax Returns and turnover excluding exports. Aadhaar, and where applicable PAN and GSTIN, are required; prior registrations must transition to Udyam and registered enterprises must update information or face suspension, with single-window facilitation and grievance procedures provided.

Cessation of specified Savings Bonds subscription ends at close of business on the notified effective date.
The Government notifies cessation of subscription for the 7.75 percent Savings (Taxable) Bonds, 2018, so that subscriptions shall cease with effect from the close of business on the notified effective date by means of a formal Budget Division notification.

Tenure of Quality Review Board members fixed at three years by amendment to Chartered Accountants procedural rules.
The 2020 amendment substitutes the sub-rule governing tenure in the 2006 Rules to provide that the tenure of the Chairperson and the Members of the Quality Review Board shall be three years; the amendment is to come into force on publication in the Official Gazette.

Corrections to Finance Act 2020: textual and section-reference errors in the Gazette publication corrected by corrigendum.
Corrigendum to The Finance Act, 2020 correcting textual and reference errors in the Gazette publication by replacing originally printed section-range and section-number references and correcting several misspellings and typographical transpositions at specified page and line locations, thereby effecting editorial revisions to the published statutory text.

Sovereign Gold Bond Scheme 2020 21 issues gram denominated government gold bonds with 2.50% interest and specified subscription limits.
The Scheme issues Sovereign Gold Bonds as Government of India Stock in gram denominations, available to resident individuals, HUFs, trusts, charitable institutions and universities. Annual subscription ceilings: 4 kg for individuals/HUFs and 20 kg for trusts; nominal value fixed by the three day average gold price of 999 purity, with Rs.50 per gram discount for online digital payments. Bonds bear 2.50% p.a. interest payable half yearly, have an eight year tenor with premature redemption from year five, are transferable and tradable, usable as loan collateral subject to LTV norms, and receive capital gains tax exemption on redemption for individuals.

Premium deferral for insurance renewals allowed during COVID-19 lockdown; risk may be assumed pending government-specified payment timeframe.
The amendment inserts clauses into rule 59 permitting insurers to assume risk on renewal of motor vehicle third party and health insurance policies falling during the COVID-19 lockdown, subject to the condition that the premium shall be paid within such time as the Central Government may, by notification, specify.

Commencement date change: notification under section 11 of the Finance Act, 2019 deferred to a later start date.
The Central Government, exercising powers under section 11 of the Finance Act, 2019, amends the earlier notification published as S.O. 115 (E) by substituting the originally specified commencement date with a later commencement date, thereby deferring the operative start of the measures in the principal notification; the amendment is promulgated by a Ministry of Finance notification dated 30 March 2020 and cites the Gazette publications of the principal instrument and its prior amendment.

GST exemption for RCS UDAN VGF begins from each airport's notified commencement, enabling three year fiscal relief.
The notification fixes the temporal trigger for two fiscal concessions under RCS-UDAN: VGF disbursed to Selected Airline Operators is exempt from GST for three years from the notified commencement of RCS UDAN operations at each airport, and a 2% excise duty on Aviation Turbine Fuel used for RCS-UDAN flights applies for three years from each airport's notified commencement date; a schedule of airports, routes and their commencement dates is published to determine those three year windows.

Adaptation of Central Laws: central statutes extended and modified to apply to the Union territory, with transitional safeguards.
Adaptation of Central Laws Order brings numerous Central Acts into force in the Union territory of Jammu and Kashmir with immediate effect subject to modifications in the Schedule, prescribes application of the General Clauses Act for interpretation, preserves prior notifications and actions taken before the appointed day, and provides transitional and savings provisions. The Schedule specifies targeted textual substitutions, insertions and omissions across procedural, substantive and sectoral laws - notably civil procedure case-management and disclosure rules, arbitration referrals to mediation, extensive forest-law amendments including seizure, confiscation and appeals, establishment of an Anti Corruption Bureau, and insertion of a sextortion offence - together with mechanisms for enforcement and continuance of pre-existing rights and proceedings.

Enforcement of Security Interest: government designates certain NBFCs as financial institutions enabling enforcement of secured debts above set thresholds.
The Central Government specifies that non-banking financial companies meeting a prescribed asset-size eligibility are to be treated as financial institutions under the SARFAESI Act and thereby entitled to enforce security interest in secured debts meeting a prescribed minimum threshold; the notification supersedes earlier specified notifications while preserving prior acts or omissions under them.

Provisional attachment of property: Competent Authority may attach and administer assets to secure depositors' restitution.
The Competent Authority may provisionally attach and administer property of persons operating an Unregulated Deposit Scheme, take possession of moveable and immoveable assets, maintain records of assets, expenditures and income, appoint valuers, assess assets and liabilities, prepare a complete list of depositors, and, where necessary, sell perishable property with proceeds recorded for depositor restitution; confirmation of attachment is sought before the Designated Court with prescribed particulars.