Banking Unit Licensing and Prudential Compliance govern authorised foreign-currency banking, permissible investments, reporting, and default-related licence withdrawal.
Banking Units in International Financial Services Centres require licensing based on prescribed capital, home-regulator approval and Parent Bank liquidity support. They must meet applicable prudential standards, including liquidity, leverage, exposure, reserve and reporting requirements. Banking business is generally conducted in freely convertible foreign currencies, with specified INR transactions permitted where settlement occurs in foreign currency. Permissible activities include lending, investments, trade finance, derivatives, export finance, leasing and eligible Foreign Portfolio Investor activities. Know Your Customer and anti-money-laundering requirements apply, and failure to meet licence conditions may result in licence withdrawal after an opportunity for submissions.

Authority meeting governance establishes quorum, virtual participation, conflict disclosures, confidentiality, recordkeeping, and execution controls for institutional decisions.
Authority meetings must ordinarily be convened quarterly with prior notice and agenda papers, subject to emergency-meeting and circulation procedures. Meetings may be conducted through audio-visual means, with electronic voting and preservation of virtual proceedings. Four members constitute a quorum, decisions are made by majority vote, and the presiding member has a casting vote. Interested members must disclose their interests and abstain from related deliberations and decisions. Members are bound by fidelity and secrecy obligations, while authorised persons may execute contracts, documents and legal-proceeding papers. The common seal requires a resolution and a member's presence.

Employee service governance establishes recruitment, leave, conduct, discipline, and retirement safeguards for whole-time personnel across the organisation.
Service conditions for whole-time employees cover recruitment, probation, appointment, seniority, promotion, reversion, resignation, retirement, pay, allowances, leave, conduct, discipline, appeals, medical benefits, gratuity, and pension membership. Recruitment may occur through direct selection, campus selection, deputation, absorption, or contract arrangements, subject to prescribed eligibility and selection procedures. Employees must maintain confidentiality, integrity, and discipline, while restrictions apply to political activity, outside employment, gifts, investments, property dealings, and post-retirement employment. Major penalties require a formal inquiry with written charges, defence opportunities, evidence procedures, and a reasoned report; suspension and appeals operate under specified conditions.

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.

Commencement of International Financial Services Centres Authority Act provisions activated specified provisions from the appointed effective date.
Specified provisions of the International Financial Services Centres Authority Act, 2019 became operative on 1 October 2020. Sections 13 and 33 were brought into force through the Central Government's statutory commencement power. The activation is confined to those identified provisions and does not extend to provisions not specified.

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.