Deposit of specified bank notes lets banks and post offices obtain exchange value from the Reserve Bank, pending RBI satisfaction.
Banks, Post Offices and District Central Cooperative Banks that accepted specified bank notes during the earlier notification windows may deposit those notes in offices of the central banking authority within a limited period after these rules commence and obtain exchange value credited to their accounts, subject to the central banking authority's satisfaction with compliance with the earlier notification and the reasons offered for non-deposit within the earlier timeframe.

Tribunal appointments and service conditions govern qualifications, selection, tenure and post-service restrictions across tribunals for members.
Rules set uniform qualifications, appointment procedure, term and service conditions for tribunal and appellate authority members: appointments are by the Central Government on recommendation of a specified Search cum Selection Committee; terms and maximum ages are fixed in the Schedule; medical fitness, asset declaration and oath are required. Removal and inquiry procedures address insolvency, conviction, incapacity, conflict of interest and abuse of office with opportunity to be heard; service conditions cover salary, pension, leave, allowances and post retirement / post service employment restrictions.

Commencement of tribunal merger provisions: Part XIV provisions activated, triggering merger and service condition changes.
The Central Government, exercising its statutory commencement power under the Finance Act, 2017, notified the operative date on which the provisions of Part XIV of Chapter VI of that Act become effective, bringing into force amendments providing for merger of tribunals and related authorities and changes to conditions of service for their chairpersons and members.

Startup definition limits on age and turnover, restricting eligibility for recognition and tax benefits, and certification requirement.
An entity is a Startup if incorporated/registered in India as a private limited company, partnership or LLP, operates within defined post incorporation age limits (with longer duration for biotechnology), remains below the prescribed turnover ceiling, and works towards innovation or a scalable business model. Recognition requires an online application with incorporation/registration proof and a business write up; tax benefits additionally require certification from the Inter Ministerial Board and exclusion of non commercial or undifferentiated projects. DIPP may revoke recognition or eligibility for tax benefits if documents are missing or information is false.

Startup recognition requires incorporation type, age and turnover limits, innovation focus and certification for tax benefits.
An entity is a Startup if incorporated in India as a private limited company, partnership firm or limited liability partnership, and within the applicable temporal limit (seven years, ten for biotechnology), with turnover below the prescribed threshold, and engaged in innovation, development or scalable business activities. Recognition requires an online application with incorporation documents and a business write-up; tax benefits additionally require certification by the Inter-Ministerial Board of Certification. Recognition or tax-certification may be revoked for false or incomplete submissions.

Deposit of confiscated currency permitted where court direction and recorded serial numbers match, at designated banks.
Rules permit the deposit or exchange of confiscated or court-produced specified bank notes at Reserve Bank offices or designated nationalised banks when the person or government produces the court's direction and the serial numbers recorded by the law enforcement agency match those mentioned in the court direction; forfeited notes and notes placed in custody by court order are similarly claimable, while notes confiscated or seized after the statutory cutoff are excluded.

Aadhaar mandatory for Atal Pension Yojana: applicants must enroll or authenticate; interim ID accepted; regulator to facilitate enrolment.
An individual eligible under the Atal Pension Yojana must furnish Aadhaar or undergo Aadhaar authentication; those not yet enrolled must apply for Aadhaar and may, until Aadhaar is assigned, present an Aadhaar Enrolment ID slip or specified alternate identity documents verified by a designated officer. The Regulator and intermediaries must provide or facilitate enrolment facilities, publicize the requirement, and enable registration of enrolment requests; the notification is effective on Gazette publication except in Assam, Meghalaya and Jammu and Kashmir.

Inter Ministerial Board composition updated to include specific departmental representatives and Secretary may nominate additional members.
Amendment to the composition of the Inter Ministerial Board responsible for furnishing certificates of eligibility to startups for availing tax benefits under the Income Tax Act, 1961: the Board shall include representatives of the Department of Biotechnology, the Department of Science & Technology, the Ministry of Electronics and Information Technology and the Joint Secretary, Department of Industrial Policy & Promotion. The Secretary, Department of Industrial Policy and Promotion may nominate a representative from any other Department to the Board as deemed necessary.

Senior Citizens' Welfare Fund expansion adds specific unclaimed financial assets and insurance proceeds to the fund.
The 2017 amendment expands the Senior Citizens' Welfare Fund Rules by inserting into rule 3(3) four new clauses covering accounts maintained by banking and co-operative banks, State Bank group and regional rural banks; dividend accounts, deposits and debentures of companies; life and non-life insurance schemes or policies; and accounts of the Coal Mines Provident Fund, thereby bringing these unclaimed balances and holdings within the Fund's scope.

Sovereign Gold Bond scheme: gold-linked government bonds with fixed interest, demat option and eight-year redemption terms.
The notification establishes the Sovereign Gold Bond Scheme 2016-17 Series IV, defining eligible holders and receiving offices, denomination (one gram multiples) and subscription limits, linking nominal and redemption values to the simple average closing price of 999 purity gold published by the India Bullion and Jewellers Association, fixing issue pricing and a fixed interest rate payable half-yearly, permitting demat conversion, specifying eight-year maturity with premature redemption after five years, enabling use as loan collateral under RBI LTV norms, and setting tax, nomination, transfer, trading and commission provisions.

Advisory committee rules establish composition, term limits, meeting quorum, fee entitlement and conduct obligations under the insolvency framework.
The regulations create subject-specific Advisory Committees to advise the Board, require committees to include Professional and General Members in an approximate 2:1 ratio, limit membership to one committee at a time and terms to three years with reappointment permitted, and designate a General Member as Chairperson and a senior officer as Secretary (who may speak but not vote). Meetings require fifty percent of existing strength for quorum, the Secretary convenes and records meetings, the Chairperson sets the agenda, members receive a sitting fee and travel reimbursement, must maintain confidentiality, and must disclose and abstain from matters where they have an interest.

Governing Board procedures set meeting governance, disclosure duties, conflict management, contract formalities, and records custody.
Regulations establish procedural rules for the Governing Board of the Insolvency and Bankruptcy Board of India, listing reserved subjects for Board consideration, prescribing meeting governance including convening, notice, quorum, voting and minutes, and requiring a Chairperson appointed Secretary to arrange meetings and custody of records. They impose ethics obligations through an Oath and Charter of Conduct necessitating disclosure and management of conflicts of interest, limit outside remunerative activities for Whole Time Members, regulate contract execution and affixation of the common seal, and provide for procedural determinations, validation of acts notwithstanding non material irregularities, and application to Committees.

Cessation of liabilities for specified bank notes removes Reserve Bank and Central Government obligations while permitting limited exchanges.
The Ordinance provides that, on the appointed day, specified bank notes cease to be liabilities of the Reserve Bank and lose the Central Government guarantee. A grace period, to be notified by the Central Government, allows eligible holders to tender notes with required declarations; the Reserve Bank may verify and credit values to Know Your Customer compliant bank accounts, with representation available to the Central Board for refusals. Holding, transfer, or receipt of specified notes is prohibited subject to stated exceptions, and penalties and corporate liability rules are prescribed.

Specified bank notes grace period extended subject to FEMA limits and compliance with prescribed conditions.
Extension of the grace period under the Specified Bank Notes Ordinance is specified for Indian citizens with distinct deadlines for residents and non residents, subject to the condition that the amount of specified bank notes tendered does not exceed the limits prescribed under the Foreign Exchange Management (Export and Import of Currency) Regulations, 2015, and that the conditions specified therein are complied with.

Designation change in Senior Citizens' Welfare Fund Rules: Joint Secretary substituted for Deputy Secretary, effective on Gazette publication.
The amendment replaces references to Deputy Secretary with Joint Secretary in clauses (b)-(g) of rule 4(3) of the Senior Citizens' Welfare Fund Rules, 2016, effectuating a designation substitution under the enabling provision of the Finance Act, 2015, and coming into force on publication in the Official Gazette.

Central registry of security interests links registration to enforcement and secures priority for registered secured creditors.
The Amendment Act recognises and defines asset reconstruction companies, debenture trustees and debt securities; authorises a Central Registry integrated with multiple registration systems; makes registration of security interests a public notice and a precondition for enforcement; grants the Reserve Bank audit, inspection and corrective powers over asset reconstruction companies; prescribes priority to registered secured creditors over subsequent interests and government dues (subject to insolvency law); and reforms procedural, penalty, electronic filing, stamp duty and depository provisions to operationalise registration, enforcement and recovery.

Rebate of State Levies: eligible garment exporters may claim remission subject to eligibility, recovery, and repayment mechanisms.
The ROSL Scheme provides remission of specified State levies on garment exports in addition to Duty Drawback, with rates and caps set by the Drawback Committee and notified by the Ministry of Textiles. Eligibility requires exporters to constitute an Internal Complaints Committee and to declare they will not claim these levies under any other mechanism; exports under pre-existing Advance Authorisation are excluded. Claims are optional, made at item-level with disbursal through Customs EDI and Ministry budgetary allocation; repayment and recovery follow Duty Drawback procedures where conditions (including receipt of sale proceeds) are not met.

Compulsory industrial licensing removed for specified ITC(HS) codes, altering licensing requirements under the Industries Act.
The Central Government, exercising powers under the Industries (Development and Regulation) Act, 1951, amends Schedule II to omit ITC(HS) Codes 22.03, 22.04, 22.05, 22.06 and 22.08 from serial number 3 of the list of industries for which compulsory industrial licensing is required; the omission takes effect on publication in the Official Gazette as a further amendment to the principal notification S.O.477(E).

Enterprise information furnishing mandates online submission to a central MSME data bank, defining required fields and verification.
All micro, small and medium enterprises must furnish prescribed enterprise information to the Central Government online through the MSME data bank using the annexed Form. The Form requires authenticated identifiers (Aadhaar, Udyog Aadhaar, PAN), enterprise classification, contact and address details, factory and product particulars, installed capacity, investment, turnover, banking and assistance history, export and technology intentions, certifications, and mandatory validations and uploads; information must be true and is submitted via the Central Government's data bank.

Digital Locker retention rules prescribe authority, provider obligations, consented URI access and mandatory security and audit requirements.
The rules create a Government administered Digital Locker system for preservation and retention of issuer issued electronic records, appointing a Digital Locker authority to license and manage service providers (portals, repositories, gateways) under DeitY technical standards. They set enrollment and operational protocols for subscribers, issuers and requesters (URI push/pull, consented access via gateways), require service provider compliance with authorising terms, mandate grievance officers, suspension/revocation procedures, subscriber credential duties, fee and portability rules, audit regimes with independent auditors, confidentiality protections, offsite backups, Indian data location, and adherence to prescribed security practices.