Lock-in period changes reduce mandated holding durations and add capital expenditure exceptions altering IPO and follow-on timelines.
Amendments shorten default post offer retention periods by substituting shorter allotment based lock in timeframes while inserting provisos that reimpose extended lock ins when the majority of issue proceeds (excluding offer for sale) are proposed for capital expenditure; explanatory text defines "capital expenditure" to include civil works, fixed assets, land, building and plant and machinery. Parallel substitutions reduce other holding periods and adjust provisos; Schedule VI is amended to refine group company disclosure, require names and addresses in the offer document, and mandate hosting of audited financial metrics of top group companies on their websites.

Regulation 19 amendment removes specified sub regulations and wording, effective upon publication in the Official Gazette.
Amendment to Regulation 19 of the Stock Exchanges and Clearing Corporations Regulations, 2018: omission of the word "listed" from the second proviso to sub regulation (1); deletion of sub regulation (2); removal of the words "sub regulation (2) or" from sub regulation (4); and omission of sub regulation (6). The amendments take effect on publication in the Official Gazette.

Amendment to Regulation 22 removes specified sub regulations and wording, changing the text of the Depositories and Participants rules.
The Amendment Regulations effect targeted deletions in Regulation 22 of the 2018 Regulations: omission of the word "listed" from the proviso to sub regulation (1); complete omission of sub regulation (2); deletion of the phrase "sub regulation (2) or" from sub regulation (4); and omission of sub regulation (6). The instrument comes into force on publication in the Official Gazette.

Listing disclosure obligations updated: mandatory soft copies of full annual reports to registered holders of non convertible securities.
The amendment revises listing disclosure requirements by omitting certain clauses in regulation 52, inserting "Intimations/" into regulation 57's heading while removing its sub regulation (2), and substantially rewriting regulation 58 to remove references to debt and non convertible preference shares, require soft copies of full annual reports to registered holders of non convertible securities, substitute "securities" for "preference share", and omit specific clauses; regulation 61 is amended to include "non convertible debt securities and/or" after "dividend of" and to omit the second proviso.

AIF regulatory amendments require merchant banker review and grant SME investment exemptions with disclosure and one year lock in.
Amendments redefine key terms (debt fund, investable funds, unit), require Board comments to be routed through and incorporated by a merchant banker into the placement memorandum prior to scheme launch, mandate that at least seventy five percent of investable funds be placed in specified venture capital undertakings or SME-listed/proposed companies by fund end of life, allow investments in Category II AIF units and specified vehicles, update issuance/disclosure references, waive minimum grant for accredited investors, and provide insider trading exemptions for SME exchange investments subject to two day disclosure and one year lock in.

Employee share based benefits regulated to require shareholder approval, trust governance, disclosures and enforceable acquisition limits.
The regulations create a uniform regime for employee share based benefit schemes and sweat equity for listed companies, permitting implementation directly or through an irrevocable trust subject to detailed trust deed, trustee, accounting and disclosure requirements. They mandate compensation committee governance, shareholder approval for schemes and certain material changes, limits on secondary acquisitions and trust holdings, minimum vesting and lock in periods, non transferability of options and SARs, prescribed valuation and accounting treatment for sweat equity, and extensive disclosure, audit and stock exchange filing obligations.

Tariff value fixation updates customs values for edible oils, brass scrap, areca nut, gold and silver.
Amendment substitutes TABLE 1, TABLE 2 and TABLE 3 of the principal customs valuation notification to fix US dollar tariff values for listed imports, including specified edible oils, brass scrap, areca nuts and defined forms of gold and silver; it distinguishes eligible forms of precious metals for valuation purposes, corrects a textual matter by corrigendum, and declares the substituted tables to come into force on the stated effective date in August 2021.

FORM GSTR-4 filing deadline for the relevant financial year is extended for covered taxpayers under the Telangana GST framework.
FORM GSTR-4 filing for the financial year ending 31 March 2021 is extended until 31 July 2021 for persons covered by the specified return-furnishing requirement under the Telangana Goods and Services Tax framework. The amendment, made under section 148 on the Council's recommendations, is deemed effective from 30 April 2021.

Anti-dumping duty revocation removes ADD on viscose staple fibre from specified origins, reinstating duty-free imports prospect.
The Central Government revokes the anti-dumping duty on viscose staple fibre excluding bamboo fibre originating in or exported from the People's Republic of China and Indonesia, rescinding the earlier notification that imposed that duty, while preserving effects of things done or omitted before the rescission.

Common Adjudicating Authority designated to centralise adjudication of specified customs show cause notices for named parties.
Appointment of a Common Adjudicating Authority by the Principal Director General, Revenue Intelligence, under the Customs statute and prior notifications, designating officers named in the Table to exercise the powers, duties and functions of the originally cited adjudicating authorities in respect of the specified show cause notices and listed noticees, thereby centralising adjudication for those enumerated matters.

Common Adjudicating Authority appointed to adjudicate specified customs show cause notices transferred to designated customs commissioner.
A Common Adjudicating Authority has been appointed: the Principal Commissioner/Commissioner of Customs (Import-I), New Custom House, Mumbai is designated to exercise the powers and duties previously held by the officer named in the original show cause notice, thereby transferring adjudicatory competence to the newly appointed authority for adjudication of the listed show cause notice and noticees under the customs statutory framework.

Tariff value fixation: charges set for edible oils, brass scrap, gold, silver and areca nut effective 12 August 2021.
The Central Board of Indirect Taxes & Customs, invoking section 14(2) of the Customs Act, 1962, amends the principal customs notification by substituting TABLE-1, TABLE-2 and TABLE-3 to fix tariff values (in US dollars per metric tonne, kilogram or ten grams as specified) for listed goods including edible oils, Brass Scrap, defined forms of gold and silver, and Areca nuts; the amendment takes effect on the notified commencement date and updates the tariff-value schedule for customs valuation.

Commencement of Section 7: state notification appoints the date for the amendment provision to come into force.
The Government of Maharashtra, invoking its commencement power under the Amendment Act, appoints the 16th day of July, 2021 as the date on which the provisions of Section 7 of the Maharashtra Goods and Services Tax (Amendment) Act, 2021 shall come into force by state notification issued through the Finance Department in the name of the Governor.

Commencement of GST Amendment sections 4 and 5 appointed effective from August first, bringing those amended provisions into force.
The government, invoking the power under sub section (2) of section 1 of the Goods and Services Tax (Amendment) Act, 2021, appoints 1 August 2021 as the date on which sections 4 and 5 of the Amendment Act shall come into force. The appointment is effected by Notification No. 29/2021 - State Tax dated 11 August 2021, issued by the Finance Department and signed in the name of the Governor by the Deputy Secretary to Government.

Commencement of amendment to Section 50 of MGST Act: provisions appointed to come into force under amendment.
Notification appoints a specific day as the date on which the provisions of section 6 of the Maharashtra Goods and Services Tax (Amendment) Act, 2021-relating to the amendment of the payment provision in section 50 of the MGST Act, 2017-shall come into force, issued under the power of sub section (2) of section 1 of the Amendment Act and made in the name of the Governor.

Intra entity supplies treated as taxable supplies, altering GST credit, return and enforcement obligations.
Supplies between a non individual person and its members or constituents are deemed taxable supplies with the person and its members treated as distinct persons; invoice details furnished in outward supplies returns and communicated under section 37 affect input tax credit eligibility; annual return requirements are restructured with specified exceptions and possible Commissioner exemptions; provisional attachment, revised penalty and seizure procedures, formalized information powers, and amendments to interest and payment mechanics are introduced to strengthen revenue protection and compliance.

Standing Committee for Gujarat Consumer Welfare Fund constituted to recommend proper utilization of the fund under Gujarat GST Rules.
Constitution of a Standing Committee under the Gujarat Goods and Services Tax Rules to make recommendations for proper utilization of money credited to the Gujarat Consumer Welfare Fund for welfare of consumers. The committee's membership is specified: Chief Commissioner of State Tax (Chairman), Special Commissioner of State Tax (Vice Chairman), Additional Commissioner of State Tax (Member Secretary), and representatives from the Finance Department, Industries and Mines Department, Gujarat State Civil Supplies Corporation, and the Commissioner/Director of Information.

Consumer Welfare Fund under GST established, creating state-level fund for consumer welfare administration through administrative notification.
The Government of Gujarat, by Finance Department notification, constituted the Gujarat Consumer Welfare Fund under section 57 of the Gujarat Goods and Services Tax Act, 2017, effective from the statute's commencement date, establishing a state-level fund for purposes specified in the Act and recording the administrative promulgation for its operation.

GSTR-4 return filing deadline is extended by replacing the earlier due date with a later prescribed date.
FORM GSTR-4 return filing due date is extended under the Telangana Goods and Services Tax framework. The earlier notification is amended by substituting the due date of 15 July 2020 with 31 October 2020. The amendment is deemed effective from 13 July 2020, applying the revised return-filing deadline from that date.

Time-limit extension for GST compliances: deadlines falling mid-April to May extended to 31 May with specified exclusions.
Extension under section 168A of the Assam GST Act moves statutory time limits for actions falling between 19 April 2021 and 30 May 2021 to 31 May 2021, covering proceedings, orders, notices and filings, but excluding specified chapters, listed sections, e-way bill obligations and rules thereunder; rule 9 deadlines between 1 May and 31 May 2021 are extended to 15 June 2021; timelines for issuing orders on refund-rejection notices between 15 April and 30 May 2021 extend to fifteen days after receipt of reply or 31 May 2021, whichever is later.