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Act No. 32 of 2023

Gazette of the Act

An Act to promote and facilitate mediation, especially institutional mediation, for resolution of disputes, commercial or otherwise, enforce mediated settlement agreements, provide for a body for registration of mediators, to encourage community mediation and to make online mediation as acceptable and cost effective process and for matters connected therewith or incidental thereto.

Date

Statute

Section/ Rule

Issuing Authority

September 15, 2023

The Mediation Act

Ministry of Law and Justice (Legislative Department)

File No. 09/01/2023-NCLT/85605/Secy

Notification

Transfer and Posting of the NCLT Judicial and Technical Members

Date

Statute

Section/ Rule

Issuing Authority

August 17, 2023

National (Company Law Tribunal (Salary, Allowances and other Terms and Conditions
of Service of President and other Members) Rules 20I5

Rule 15A(2)

Ministry of Corporate Affairs

Notification No. S.O. 2660(E).

Notification

Central Government notifies the amendment in Section 14(1) of the Insolvency and bankruptcy Code, 2016

Date

Statute

Section/ Rule

Issuing Authority

June 14, 2023

Insolvency and Bankruptcy Code, 2016

Section 14(1)

Ministry of Corporate Affairs

IBBI Guidelines 2023 Dt. 12-6-2023

Guidelines

The Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2023 issued on June 12, 2023

Date

Statute

Section/ Rule

Issuing Authority

June 12, 2023

Insolvency and bankruptcy Code, 2016

Sections 16(4), 34(6), 97(4), 98(3), 125(4), 146(3), 147(3)

Insolvency and Bankruptcy Board of India

Press Release: 2023-2024/292

Press Release

RBI approves the voluntary amalgamation of Maratha Sahakari Bank Ltd., Mumbai (Maharashtra) with The Cosmos Co-operative Bank Limited, Pune (Maharashtra)

Date

Statute

Section/ Rule

Issuing Authority

May 26, 2023

Banking Regulation Act, 1949

Section 44A(4)
Section 56

Reserve Bank of India

RBI/2023-24/33
DCM(Plg) No.S-239/10.27.00/2023-24

Notification

₹2000 Denomination Banknotes – Withdrawal from Circulation; Will continue as Legal Tender

Date

Statute

Section/ Rule

Issuing Authority

May 22, 2023

Reserve Bank of India

Ordinance No. 1 of 2023

Ordinance

An Ordinance further to amend the Government of National Capital Territory of Delhi Act, 1991

Date

Statute

Section/ Rule

Issuing Authority

May 19, 2023

Ordinance

Article 239AA, Constitution of India

Ministry of Law and Justice

RBI/2023-24/32
DCM(Plg) No.S-236/10.27.00/2023-24

Notification

₹2000 Denomination Banknotes – Withdrawal from Circulation; Will continue as Legal Tender

Date

Statute

Section/ Rule

Issuing Authority

May 19, 2023

Reserve Bank of India

Notification No. IBBI/LIQ/57/2022

Circular

Proforma for reporting liquidator’s decision(s) different from the advice of Stakeholders’ Consultation Committee (SCC) under proviso to sub-regulation (10) of regulation 31A of IBBI (Liquidation Process) Regulations, 2016

Date

Statute

Section/ Rule

Issuing Authority

December 21, 2022

IBBI (Liquidation Process) Regulations, 2016

Regulation 31A(10)

Insolvency and Bankruptcy Board of India

Notification No. RBI/2022-23/148
DOR.RET.REC.88/12.01.001/2022-23

Notification

Change in Bank Rate

Date

Statute

Section/ Rule

Issuing Authority

December 7, 2022

Reserve Bank of India

Notification No. RBI/2022-23/144
DOR.REG.No.84/07.01.000/2022-23

Notification

Revised Regulatory Framework - Categorization of Urban Co-operative Banks (UCBs) for Regulatory Purposes

Date

Statute

Section/ Rule

Issuing Authority

December 1, 2022

Reserve Bank of India

Notification No. RBI/2022-23/146
DOR.CAP.REC.No.86/ 09.18.201/2022-23

Notification

Revised Regulatory Framework for Urban Co-operative Banks (UCBs) – Net Worth and Capital Adequacy

Date

Statute

Section/ Rule

Issuing Authority

December 1, 2022

Reserve Bank of India

Notification No. RBI/2022-23/138
FIDD.CO.LBS.BC.No.12/02.08.001/2022-23

Notification

Formation of new districts in the State of Nagaland – Assignment of Lead Bank Responsibility

Date

Statute

Section/ Rule

Issuing Authority

November 17, 2022

Reserve Bank of India

Circular No. IBBI/IP/55/2022

Circular

Review of Regulations

Date

Statute

Section/ Rule

Issuing Authority

November 9, 2022

Insolvency and Bankruptcy Code, 2016

Section 196

Insolvency and Bankruptcy Board of India

Circular No. IBBI/IPA/54/2022

Circular

Annual Compliance Certificate for Insolvency Professional Agencies

Date

Statute

Section/ Rule

Issuing Authority

November 2, 2022

Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016

Regulation 7

Insolvency and Bankruptcy Board of India

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