Specified person recognition for pension fund enables tax-exempt treatment for eligible India investments subject to compliance.
The Central Government specifies the California Public Employees Retirement System as a specified person under clause (23FE) of section 10, granting tax-exempt status to eligible investments in India within the notified period subject to conditions: timely filing of returns, Form No.10BBC certification, quarterly Form No.10BBB reporting, segmented accounts, regulation under California law, exclusive use of earnings for statutory obligations, prohibition on borrowing for Indian investments, no day-to-day participation in investees (monitoring and director rights allowed), and a minimum three-year holding requirement; non-compliance causes ineligibility.

Anti-dumping duty on Phthalic Anhydride: amendment substitutes a cooperating producer's name in the duty schedule.
Imposition of definitive anti-dumping duty on Phthalic Anhydride imports from specified countries rests on findings of dumping below normal value, material injury to domestic industry and causation; the Central Government had imposed duty under the Customs Tariff Act. Subsequently the designated authority concluded a requested change constituted only a producer name change without altering ownership or business nature, and the notification is amended to substitute the producer's name in the duty table under the statutory antidumping powers.

Import policy for urea: authorized fertilizer marketing entities may file import declarations for government account agricultural urea; technical grade urea remains free.
The amendment permits imports of urea through designated State Trading Enterprises (RCF and NFL) and the specified import channel, and expressly authorises Fertilizer Marketing Entities, as designated by the Department of Fertilizers, to file Bills of Entry at Indian ports for import of urea for agricultural purposes on Government account; Technical Grade Urea for non agricultural or industrial use remains free for import.

Companies (Management and Administration) Amendment Rules substitute Form MGT-3 and Form MGT-14 for statutory filings.
The amendment substitutes specified annexure forms in the Companies (Management and Administration) Rules, 2014 by replacing Form MGT-3 with a notice form for the situation, change or discontinuance of foreign registers and replacing Form MGT-14 with a filing form for resolutions and agreements, each prescribing company identification, required data fields, declaration and digital-signature requirements, attachment obligations, and references to penal provisions for false statements.

Companies (Share Capital and Debentures) Amendment Rules, 2023 require dual director certification in Form SH 11 for buy back compliance.
Amendment substitutes Forms SH 7, SH 8, SH 9 and SH 11 and omits Form SH 15, updating templates for share capital alteration and buy back filings; and requires that the return filed in Form SH 11 include a declaration signed by two directors, including the managing director if any, certifying that the buy back complies with the Companies Act and rules. The rules come into force on 23 January 2023.

Late fee rationalisation for GSTR-9: reduced per day rates, capped levy and amnesty for certain delayed filers.
Waiver and rationalisation of late fee under Section 47 for returns under Section 44: for 2022 23 onwards the excess late fee is waived beyond prescribed per day amounts - Rs.25 per day (turnover up to five crore) and Rs.50 per day (turnover above five crore up to twenty crore), each capped at 0.02% of State turnover. An amnesty permits waiver of late fee exceeding ten thousand rupees for returns of 2017 18 to 2021 22 if filed between 1 April and 30 June 2023. The notification is deemed effective from 31 March 2023.

National Savings Monthly Income Account: deposits from 1 Jan 2023 earn 7.1% per annum.
The Scheme confines the previously open eligibility phrasing to the period between 1st October, 2022 and 31st December, 2022 (both days inclusive) and inserts that deposits made under the Scheme on or after 1 January, 2023 shall bear interest at the rate of 7.1 per cent. per annum. The amendment is titled as the National Savings (Monthly Income Account) (Amendment) Scheme, 2023 and is deemed to have come into force on 1 January 2023, with an explanatory memorandum noting no adverse effect from retrospective application.

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.