Corrigendum to Finance Act updates specific textual and tariff-code errors to correct Gazette publication entries.
Corrigendum to the Finance Act, 2021 directs specific substitutions of words, headings and tariff codes at identified page and line references in the Gazette publication, replacing selected phrases (for example, "- - Other:" with "- Other:", "ETHER" with "OTHER"), correcting tariff codes and a tariff-entry cross-reference, and revising an entry format for a tariff item to rectify publication errors.

Sovereign Gold Bond Scheme issues 1-gram bonds with 2.5% interest, eight-year maturity, and tax-favoured redemption.
Sovereign Gold Bond Scheme 2021-22 issues Government of India Stock in one-gram denominations (and multiples) to eligible persons and entities, with annual subscription limits (4 kg for individuals/HUFs; 20 kg for trusts). Nominal value is fixed by the three-day simple average IBJA closing price; online digital applicants receive Rs.50 per gram discount. Interest is 2.50% p.a. paid semi-annually; maturity is eight years with premature redemption permitted after five years. Bonds are transferable, tradable, usable as loan collateral subject to RBI LTV, interest taxable, and redemption capital gains exempt for individuals with indexation on transfers.

Commencement of constitutional amendment: government notification designates an operative date making the amendment provisions effective.
The Central Government, in exercise of the power conferred by the commencement sub section of the Constitution (One Hundred and Fifth Amendment) Act, 2021, by notification dated 15 September 2021 appoints 15 August 2021 as the date on which the provisions of that Act shall come into force.

ATM cash-out penalty: banks must monitor cash availability and face penalties for prolonged outages under scheme.
A penalty scheme mandates banks and White Label ATM Operators to monitor ATM cash availability and ensure timely replenishment; system-generated monthly statements of ATM downtime due to non-replenishment must be submitted to the Issue Department within five days of the following month. The Scheme imposes a flat monetary penalty for prolonged cash-outs, charges the bank meeting cash requirements for WLAs (which may recover the penalty from the WLA operator), and is administered by Issue Departments with a limited appeal process for genuine force majeure reasons.

House rent allowance options for tribunal members revised to permit government accommodation or capped allowance under amended rules.
The notification amends the 2020 Rules under section 184 of the Finance Act, 2017 by redefining the Search-cum-Selection Committee, omitting rules 4, 7 and 9, substituting rule 15 to grant certain senior office-holders the option of government accommodation or a house rent allowance effective from 1 January 2021 (with retrospective operation to implement a Supreme Court judgment), and replacing the Schedule to set out detailed, role-specific qualification criteria for appointment to chairs and member posts across listed tribunals and authorities.

Commencement of Part III of the Finance Act, 2021 designates 30 June 2021 as its effective commencement date.
The Central Government appoints the 30th day of June, 2021 as the date on which the provisions of Part III of the Finance Act, 2021 shall come into force, exercising the Act's commencement power.

Enterprise classification criteria drive reclassification and Udyam online registration based on self-declaration and linked tax data.
A composite test of investment in plant and machinery or equipment and turnover determines micro, small or medium status; aggregation applies to all units with the same PAN across GSTINs. Udyam Registration is an online, self-declaration based process issuing a permanent Udyam Registration Number and e-certificate; calculation of investment and turnover is linked to Income Tax Returns, PAN and GST data, with temporary self-declaration relief for new enterprises until first ITR. Updates, re-registration by existing registrants, transitional protections for graduation, and single-window facilitation and grievance mechanisms are prescribed.

Industrial training entitlement expanded for articled assistants, setting eligibility, duration, supervisor qualifications, foreign placements and service credit.
The amendment creates a comprehensive industrial training regime: eligible articled assistants who have passed the requisite intermediate examination and completed minimum practical training may undertake Council approved industrial training in prescribed public bodies or qualifying undertakings, including specified foreign placements. The Council may set qualifying thresholds and recognise member officers to impart training. Training requires a Council approved agreement, three months' notice to the principal, and a completion certificate from the member; the certified industrial training period is treated as service under articles. Regulation 54's referenced period is extended to eighteen months and regulation 58 is textually clarified.

Sovereign Gold Bond Scheme issues gold denominated bonds with fixed interest, demat option, and annual investment limits.
The Sovereign Gold Bond Scheme 2021-22 issues government stock in one gram denominations (min one gram) to specified resident Indian entities with annual ceilings (4 kg individuals/HUF, 20 kg trusts). Nominal value is based on the three day average gold price; online digital payments attract a Rs.50 per gram discount. Bonds are convertible to demat, carry fixed interest at 2.50% per annum payable half yearly, mature in eight years with early redemption from year five, and have maturity redemption priced on the three day average gold rate. Interest is taxable; redemption capital gains are exempt for individuals.

Corrigendum to Finance Act 2021 corrects typographical, punctuation and drafting errors in the Gazette text.
Corrigendum to the Finance Act, 2021 formally lists specified textual corrections to the Gazette publication of the Act, indicating page and line references and replacement wording for typographical, spelling, plurality, punctuation and date-formatting errors, and is authenticated by the Secretary to the Government of India.

Insolvency amendment terminology corrections clarify 'preliminary information memorandum' and 'insolvency commencement date' and clause references.
Corrigenda to the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 correct specific terminology and cross references: "preliminary information" is replaced by "preliminary information memorandum", "insolvency date" is replaced by "insolvency commencement date", "in under clause (b)" is corrected to "in clause (b)", and "cause (c)" is corrected to "clause (c)".

Commencement of Part XIII provisions of the Finance Act activates the statutory framework specified under the Act.
The Central Government, under the authority of section 164 of the Finance Act, 2021, by formal notification through the Ministry of Finance, appoints the date on which Part XIII of Chapter VI of the Finance Act, 2021 shall come into force, thereby specifying the commencement date for those statutory provisions.

Selection criteria for Insurance Ombudsman tightened; new qualifications, disclosure, and appointment procedures govern appointments and tenure.
The amendments rename regulatory references, establish the Council for Insurance Ombudsmen as the appointing authority, prescribe a Selection Committee composition and detailed qualification and selection procedures including disclosures, Authority opinion and vigilance clearance processes, fix term and age limits with transitional exceptions, expand removal grounds, permit temporary jurisdictional assignments, and mandate electronic complaint filing, an online complaints management system and video-conference hearings, while expressly including insurance brokers and complaints alleging deficiency in services.

Nomination as Director: Central Government nominates Joint Secretary to the Export Import Bank board under statutory authority.
Central Government exercises statutory power under the Export Import Bank of India Act, 1981 to nominate Shri Amitabh Kumar, Joint Secretary, Department of Commerce, as Director on the Board of Directors of the Export Import Bank of India, vice the outgoing director, with immediate effect and until further orders.