National Savings Certificates: Amendment sets maturity value and interest schedule for accounts opened from Jan 1, 2023.
Amendment prescribes maturity value, interest accrual and premature-closure payments for National Savings Certificates and accounts opened on or after 1 January 2023: Rs.1000 deposits mature at Rs.1,402.55 with fractional rupee rounding (50 paise up); a five year per year interest schedule for Rs.1000 certificates is specified and applies proportionately to other denominations; premature closure amounts for specified intervals between three and five years are set. Prior transitional purchases are confined to 1 April 2020-31 December 2022.

Kisan Vikas Patra amended to set ten-year maturity and fixed premature encashment values for accounts opened Jan 1, 2023.
The amendment prescribes a ten-year maturity period for Kisan Vikas Patra accounts opened on or after 1 January 2023, with deposits doubling on maturity, and inserts TABLE-4 fixing premature encashment values for specified half-year periods; it also confines certain transitional wording to the period between 1 October 2022 and 31 December 2022 and deems the scheme effective from 1 January 2023.

Companies (Miscellaneous) Amendment Rules, 2023 amend dormant company filings, substitute MSC 1/3/4 and remove MSC 1 enclosure requirement.
The Companies (Miscellaneous) Amendment Rules, 2023 (effective 23 January 2023) amend the 2014 Rules by omitting specified requirements to enclose Form MSC 1 in rule 3 and substituting revised Forms MSC 1, MSC 3 and MSC 4. The new MSC forms set out procedural requirements for applying for dormant company status, filing annual returns as a dormant company, and applying to resume active status, including company particulars, grounds for application, practitioner certification, auditor certified statement of affairs and declarations subject to penalties under sections 447-449.

Companies registration rules amended: e forms for insolvent or liquidated companies must be signed by IRP/RP or liquidator and filed with fee.
The amendment inserts rule 8A requiring that e forms for companies under insolvency or liquidation be signed and filed by the Insolvency Resolution Professional, Resolution Professional or Liquidator with the prescribed fee, and substitutes revised Forms GNL 2, GNL 3 and GNL 4 setting out standardized submission, consent/charged person particulars and addendum/rectification procedures, required attachments, verification statements and prescribed digital signatures.

Notice of address where company books will be kept must include detailed location data, proof of address, and digital signature.
The amendment replaces Form No. AOC-5 with an eForm titled Notice of address at which books of account are to be maintained, requiring CIN, company name, registered office, board resolution date, full address including longitude/latitude and police station jurisdiction, and mandatory attachments (proof of address, recent utility bills, photographs). The form requires a declaration digitally signed by an authorised officer and captures eForm SRN details for registrar processing.

Director appointment rules: companies must file Form DIR-9 within 30 days after receiving a director's Form DIR-8 notice.
The Companies (Appointment and Qualification of Directors) (Amendment) Rules, 2023 (effective 23 January 2023) amend rule 14 to require that whenever a company receives Form DIR-8 it must file Form DIR-9 with the Registrar within thirty days; the amendment also adds that certain filings referenced to Form DIR-10 must be filed before the Regional Director and substitutes updated annexure forms DIR-3 through DIR-12.

Companies prospectus and allotment rules amended: Rule 12(6) omitted and Forms PAS 2, PAS 3, PAS 6 replaced, effective 23 Jan 2023.
The Amendment Rules, effective 23 January 2023, omit sub rule (6) of rule 12 and substitute updated Form PAS 2, Form PAS 3 and Form PAS 6 in the Annexure to the Companies (Prospectus and Allotment of Securities) Rules, 2014, prescribing revised disclosure, certification and attachment requirements for shelf prospectuses, allotments (including private placements and non cash consideration), valuation reports, capital structure reporting and half yearly reconciliation of share capital.

Foreign company registration rules amended to require parental or spouse name and updated FC 1 to FC 4 filing forms.
The Companies (Registration of Foreign Companies) Amendment Rules, 2023 (effective 23 January 2023) substitute rule 3(2)(c) to require capture of a person's father's name or mother's name or spouse's name, and replace Forms FC-1 to FC-4 with updated eForms. The new FC-1-FC-4 prescribe detailed registration, alteration, annual accounts and annual return requirements for foreign companies operating in India, including specified identity, address, business activity, authorised representative, directors/secretary particulars, attachments and declarations, with digital signature and statutory false-statement notices.

Nidhi companies must file updated NDH 1 to NDH 4 electronic forms detailing members, finances, deposits and required certifications.
The Nidhi (Amendment) Rules, 2023 substitute Forms NDH 1, NDH 2, NDH 3 and NDH 4 effective 23 January 2023, prescribing standardized electronic filings for Nidhi companies that set out required corporate and financial particulars (including Net Owned Funds, paid up capital, reserves, deposits and unencumbered term deposits), membership and branch data, purposes for Regional Director applications, required attachments (member lists with PAN, audited statements, deposit break ups, director certificates), and mandatory authorised officer and practising professional certifications with liability notices under the Companies Act.

Companies (Incorporation) Amendment Rules, 2023 revise e form requirements, nominee declaration process, conversion filings and section 8 applications.
The Companies (Incorporation) Amendment Rules, 2023 update the Companies (Incorporation) Rules, 2014 to mandate electronic submission of nominee consents and declarations (via SPICe+ INC 32 and INC 4), revise conversion filings to require e Form INC 6 with altered e MOA/e AOA and supporting NOCs and affidavits, and set out enhanced application requirements and Registrar scrutiny for section 8 licence applications, while replacing and renumbering multiple e forms and removing obsolete form references.

Companies managerial appointment rules amended: new MR 1 and MR 2 forms require detailed disclosures and attachments.
The amendment substitutes revised Form MR 1 and Form MR 2, effective 23 January 2023. Form MR 1 is the return of appointment requiring entity and appointee details, board resolution, remuneration breakdown, tenure, age and disqualification disclosures, and attachments including board resolution and Nomination and Remuneration Committee certificate. Form MR 2 is the application to the Central Government where Part I of Schedule V is not complied with (including over 70 appointees and non residents), requiring detailed personal particulars, identification of non compliance, justification, resolutions, auditor and committee certificates, and specified documentary attachments.

Companies authorised to register rules now require NOC from secured creditors and substitute Form URC-1 for applications.
The Companies (Authorised to Register) Rules, 2014 are amended to require a No Objection Certificate from secured creditors together with the charge holder where applicable, to omit several prior sub clauses across rule 3(2) clauses (a)-(d), and to substitute Form No. URC 1 with a revised eForm prescribing mandatory fields, attachments (including constituting instruments, registration certificates, advertisements, resolutions, accounts, tax returns and creditor NOC), and certification by a practicing professional verifying compliance and records.

Exemption for residential renting clarified: proprietor's personal renting covered if in personal capacity and not on proprietorship account.
Amendment adds an explanation that the exemption for renting of residential dwelling covers services to a registered person who is a proprietor and rents the dwelling in his personal capacity for use as his own residence, provided the renting is on his own account and not that of the proprietorship; it also omits the entry numbered 23A and makes the notification effective from the first day of January, 2023.

GST classification of essential oils amended to list specific HSN codes and cover peppermint and other mint oils.
The notification substitutes the S. No. 3A table entry to identify specific HSN codes and to classify essential oils other than citrus fruit, listing peppermint and other mint oils, and specifies applicability to both unregistered and registered persons; the substitution is given effect from the notification's stated commencement date.

GST schedule amendment broadens feed classifications and adds husk of pulses entry, changing taxable classification under GST law.
The GST schedule amendment substitutes the S. No. 102 entry to include aquatic feed (shrimp and prawn), poultry and cattle feed, grass, hay and straw, supplements and additives, wheat bran and de-oiled cake (other than rice bran); and inserts S. No. 102C to classify husk of pulses (including Chilka) and concentrates (including chuni or churi, Khanda) under specified HSN headings. The change is effected under sub-section (1) of section 11 and is deemed effective from the first day of January, 2023.

GST rate revisions clarify classification of ethyl alcohol, cereal residues, beverage definitions, and educational box products.
Amendment revises specified entries in Tamil Nadu GST schedules to clarify classifications of ethyl alcohol supplies, bran and cereal residues, fruit pulp or fruit juice based drinks (excluding certain carbonated beverages), and mathematical and geometry boxes; it also clarifies that denatured ethyl alcohol and other spirits exclude ethyl alcohol supplied to oil marketing companies or petroleum refineries for blending with motor spirit. The amendments replace column entries in the cited notification and are effective from the stated commencement date.

Exchange rate determination updates conversion rates for specified foreign currencies affecting import and export valuation under customs law.
Determination of exchange rates for conversion of specified foreign currencies into Indian rupees for customs valuation of imported and exported goods is prescribed, effective 20th January, 2023, under the authority of section 14 of the Customs Act, 1962. The Board supersedes the earlier notification and fixes distinct rates for imported goods and export goods through Schedule I and Schedule II for use in valuation and related customs procedures.

Settlement proceedings now require disposal by appropriate order based on approved settlement terms, clarifying officer responsibilities.
Regulation 23(1) is replaced to require that the Whole Time Member, Adjudicating Officer or the competent officer before whom proceedings are pending shall dispose of the proceedings by an appropriate order on the basis of the approved settlement terms. The amendment omits the Explanation to sub regulation (1) and omits sub regulation (2), thereby streamlining the disposal requirement to reflect the binding effect of approved settlement terms.

Governance norms for infrastructure and real estate investment trusts clarified; senior management definition and disclosure updated.
Governance norms for Infrastructure Investment Trusts and Real Estate Investment Trusts are made subject to their respective SEBI regulations, overriding certain Listing Regulation provisions. Regulation 15 is amended to address appointment and re-appointment procedures, including shareholder approval requirements for public sector companies. The definition of senior management is expanded to include core management one level below the CEO/MD/Manager and specific functional heads, Company Secretary and CFO. Terminology is standardised to "key managerial personnel" and Schedule V now requires disclosure of details of material subsidiaries and their statutory auditors.

Qualified stock broker designation expands supervision; designated brokers must meet enhanced governance, risk, infrastructure and investor service obligations.
The regulations create a qualified stock broker designation based on client numbers, client assets, trading volumes, margin obligations, compliance and grievance scores, and proprietary trading, with the Board assigning weightages. Designated brokers must meet enhanced obligations including governance structures, risk management policies, scalable infrastructure, orderly winding down frameworks, robust cyber security, and investor services with online complaint redressal. Execution Only Platforms must maintain specified books and records, and Variable Networth is not applicable to that segment; fee and networth schedule entries for the segment are inserted.