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HomeRBI issues revised framework for imposing monetary penalty and compounding of offences under the Payment and Settlement Systems Act, 2007Industries

Category: Industries

Industries, NBFC, OPS, post_cats, states

RBI issues revised framework for imposing monetary penalty and compounding of offences under the Payment and Settlement Systems Act, 2007

The Reserve Bank of India (“RBI”) has issued a revised framework for imposing monetary penalty and compounding of offences under the Payment […]

Lexplosion SolutionsFebruary 7, 20252 min read
BFSI, Industries, NBFC, post_cats, states

RBI has issued a circular establishing regulatory prescriptions and institutional safeguards for prevention of financial frauds perpetrated using voice calls and SMS; REs to ensure compliance by 31st March, 2025

The Reserve Bank of India (“RBI”) has issued a Circular establishing regulatory prescriptions and institutional safeguards for prevention of financial frauds perpetrated […]

Lexplosion SolutionsJanuary 31, 20251 min read
EHS, Industries, post_cats, states

CPCB revises classification of industrial sectors into red, orange, green and white categories; introduces a new blue category to distinguish the Essential Environmental Services

The Central Pollution Control Board (“CPCB”) has revised the categories of industries/organizations/activities under the consent mechanism to obtain Consent to Establish (“CTE”) […]

Lexplosion SolutionsJanuary 31, 20251 min read
Industries, Karnataka, LAB, post_cats, states

BBMP mandates online renewal of Trade Licenses for 2025-26: traders face 25% to100% penalty for late applications post February 2025

The Bruhat Bengaluru Mahanagara Palike (“BBMP”) has issued a public notice regarding the renewal process for Trade Licenses applicable for the year […]

Lexplosion SolutionsJanuary 31, 20251 min read
Industries, LAB, post_cats, states, Tamil Nadu

Tamil Nadu Prohibition of Harassment of Women (Amendment) Act, 2025 notified; mandates stricter penalties, CCTV surveillance and protection Orders against repeat offenders

The Government of Tamil Nadu has notified the Tamil Nadu Prohibition of Harassment of Women (Amendment) Act, 2025 (“Amendment Act”) to further […]

Lexplosion SolutionsJanuary 31, 20251 min read
Compliance, Industries, Legal analysis, Pharmaceuticals

Draft Pollution Guidelines to Pave the Way for Greener Pharmaceutical Industry in India

Despite having a significant pollution potential, the pharmaceutical industry in India lacks specific guidelines for pollution management. The National Green Tribunal (Chennai) […]

Lexplosion SolutionsJanuary 30, 20254 min read
EHS, Industries, post_cats, states

Timeline for filing annual and quarterly returns by registered entities under the E-Waste (Management) Rules, 2022 for FY 2023-24 extended till 31st January, 2025

The Central Pollution Control Board has further extended the timeline for filing annual and quarterly returns by registered entities under the E-Waste […]

Lexplosion SolutionsJanuary 24, 20251 min read
Industries, LAB, post_cats

Extension of deadline for remittance of half-yearly contributions for the period ending on 31st December 2024, extended till 31st January, 2025

The Maharashtra Labour Welfare Board has extended the deadline for remittance of half-yearly contributions for the period ending 31st December 2024. The […]

Lexplosion SolutionsJanuary 24, 20251 min read
EHS, Industries, Pharmaceuticals, post_cats, states

CPCB invites comments on Draft guidelines for the Pharmaceutical Industry in India’ till 5th February 2025

The Central Pollution Control Board (CPCB) has invited comments on ‘Draft guidelines for the Pharmaceutical Industry in India’ till 5th February 2025. […]

Lexplosion SolutionsJanuary 24, 20256 min read
Industries, LAB, post_cats, states

Employees Provident Fund Organisation revises the Standard Operating Procedure for processing Joint Declarations to modify members’ basic profile details

The Employees Provident Fund Organisation (EPFO) has revised the Standard Operating Procedure (SOP) for processing Joint Declarations related to the modification or […]

Lexplosion SolutionsJanuary 24, 20251 min read
Industries, OPS, post_cats, states

MeitY invites public comments on AI Governance Guidelines; recommends comprehensive framework to tackle cybersecurity, deepfakes, bias and IP challenges in India’s emerging AI ecosystem

The Ministry of Electronics and Information Technology (MeitY) has invited public comments on the Subcommittee’s report on the Development of AI Governance […]

Lexplosion SolutionsJanuary 17, 20254 min read
Industries, OPS, post_cats, states

Ministry of Commerce and Industry invites public comments on the Draft Static Pressure Vessels Amendment Rules, 2024 within 12.02.2025 ; revises renewal period of certain licenses from 5 to 10 years

The Ministry of Commerce and Industry has notified the Draft Static and Mobile Pressure Vessels (Unfired) (Amendment) Rules , 2024 (“Draft Rules”) […]

Lexplosion SolutionsJanuary 17, 20251 min read
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