Quick Summary
The Central Government has brought into force select provisions of the Jan Vishwas (Amendment of Provisions) Act, 2026, impacting several major financial sector laws, including those governing the Reserve Bank of India (RBI), Life Insurance Corporation (LIC), general insurance companies, and pension regulators. The notifications were issued by the Ministry of Finance on June 22, 2026, and become effective from June 23, 2026. Four Financial Sector Laws Covered Through separate notifications, th
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FAQ :
The amendments come into force from 23rd June 2026.
The affected laws include the Reserve Bank of India Act, 1934, the Life Insurance Corporation Act, 1956, the General Insurance Business (Nationalisation) Act, 1972, and the Pension Fund Regulatory and Development Authority Act, 2013.
The Jan Vishwas Act aims to improve the ease of doing business by decriminalising and rationalising compliance requirements across various laws.
The Ministry of Finance issued the notifications.
The government appoints specific dates under Section 1(2) of the Act to control the enforcement of various provisions.
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