**Executive Summary**
The Ministry of Finance has issued notifications under the Jan Vishwas (Amendment of Provisions) Act, 2026, to appoint June 23, 2026, as the effective date for specific legislative amendments. These changes target provisions within the schedules of the Reserve Bank of India Act, 1934, the LIC Act, 1956, the General Insurance Business Act, 1972, and the PFRDA Act, 2013. All mentioned entries and related provisions will officially come into force on this designated date.
**Key Points / Main Content**
**Commencement of Amendments**
* The Central Government, exercising powers under the Jan Vishwas (Amendment of Provisions) Act, 2026, has set June 23, 2026, as the date of enforcement for various schedule entries.
* The notifications were formally issued by the Department of Financial Services on June 22, 2026.
**Affected Financial Statutes and Schedule Entries**
* **Reserve Bank of India Act, 1934:** Amendments related to serial number 7 and its corresponding entries in the Jan Vishwas Act Schedule come into effect.
* **Life Insurance Corporation Act, 1956:** Amendments related to serial number 20 and its corresponding entries in the Jan Vishwas Act Schedule come into effect.
* **General Insurance Business (Nationalisation) Act, 1972:** Amendments related to serial number 38 and its corresponding entries in the Jan Vishwas Act Schedule come into effect.
* **Pension Fund Regulatory and Development Authority Act, 2013:** Amendments related to serial number 68 and its corresponding entries in the Jan Vishwas Act Schedule come into effect.
**Impact Analysis**
**Reserve Bank of India (RBI) and Regulated Banking Entities**
**Impact**
The regulatory framework governing the RBI is modified by the specific entries under serial number 7 of the Jan Vishwas Act.
**Action Required**
The regulator and affected entities must align their operations and compliance reporting with the updated provisions of the Reserve Bank of India Act, 1934, effective June 23, 2026.
**Life Insurance Corporation of India (LIC)**
**Impact**
Legal provisions in the Life Insurance Corporation Act, 1956, are amended as per serial number 20 of the Jan Vishwas Act.
**Action Required**
LIC must ensure that its statutory compliance and administrative procedures are updated to reflect the amendments starting June 23, 2026.
**General Insurance Firms and Entities**
**Impact**
Provisions of the General Insurance Business (Nationalisation) Act, 1972, are altered under serial number 38 of the amending Act.
**Action Required**
Entities governed by this Act must review the specific schedule changes and implement necessary adjustments to their legal and operational frameworks.
**Pension Fund Regulatory and Development Authority (PFRDA) and Pension Funds**
**Impact**
The PFRDA Act, 2013, is updated via serial number 68 of the Jan Vishwas Act, impacting the regulation of pension funds.
**Action Required**
The PFRDA and registered pension fund managers must adopt the amended rules and ensure all regulatory filings post-June 23, 2026, adhere to the new standards.
Key Entities Referenced
Jan Vishwas (Amendment of Provisions) Act, 2026: The primary legislation for which the Central Government is appointing commencement dates for specific entries in its Schedule to amend various existing laws.
Reserve Bank of India Act, 1934: A key financial law for which specific provisions under the Jan Vishwas Act are being brought into force to amend its entries.
Life Insurance Corporation Act, 1956: An insurance-related act whose provisions are being modified by the enforcement of specific entries in the Jan Vishwas Act.
General Insurance Business (Nationalisation) Act, 1972: A law governing general insurance whose scheduled entries in the Jan Vishwas Act are being made effective.
Pension Fund Regulatory and Development Authority Act, 2013: The pension-related regulatory act for which specific amendments under the Jan Vishwas Act are being implemented.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-22062026-273725
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असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 3172] नई दिल्ली, सोमिार, िनू 22, 2026/आषाढ 1, 1948
No. 3172] NEW DELHI, MONDAY, JUNE 22, 2026/ASHADHA 1, 1948
जित्त मत्रं ालय
(जित्तीय सिे ाएं जिभाग)
अजधसचू ना
नई दिल्ली, 22 िून, 2026
का.आ. 3301(अ).— िन जिश्वास (उपबंध संिोधन) अजधजनयम, 2026 (2026 का 8) की धारा 1 की उप-धारा
(2) द्वारा प्रित्त िजियों का प्रयोग करते हुए, केन्द्रीय सरकार, एतद्द्वारा, जून 2026 के तेईसव ें दिन को उस दिन के रूप म ें
जनयत करती ह,ै जिस दिन इस अजधजनयम के उपबंध लाग ू होगें, िहा ाँ तक यह क्रम संख्या 7 और भारतीय ररिि व बैंक
अजधजनयम, 1934 (1934 का 2) से संबंजधत इस अजधजनयम की अनुसूची में संबंजधत प्रजिजियों से संबंजधत ह।ै
[फा. सं. 06/03/2020-बीओ. II]
हरर हर जमश्र, अपर सजचि
4569 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF FINANCE
(Department of Financial Services)
NOTIFICATION
New Delhi, the 22nd June, 2026
S.O. 3301(E).— In exercise of the powers conferred by sub-section (2) of section 1 of the Jan Vishwas
(Amendment of Provisions) Act, 2026 (8 of 2026), the Central Government hereby appoints the 23rd day of June, 2026,
as the date on which the provisions of the said Act, in so far as they relate to serial number 7 and the entries relating
thereto in the Schedule to the said Act, relating to the Reserve Bank of India Act, 1934 (2 of 1934), shall come into
force.
[F. No. 06/03/2020-BO.II]
HARI HAR MISHRA, Addl. Secy.
अजधसचू ना
नई दिल्ली, 22 िून, 2026
का.आ. 3302(अ).—िन जिश्वास (उपबंध संिोधन) अजधजनयम, 2026 (2026 का 8) की धारा 1 की उप-धारा(2)
द्वारा प्रित्त िजियों का प्रयोग करत े हुए, केन्द्रीय सरकार, एतद्द्वारा, जून 2026 के तेईसव ें दिन को उस दिन के रूप म ें जनयत
करती ह,ै जिस दिन इस अजधजनयम के उपबंध लागू होगें, िहााँ तक यह क्रम संख्या 20 और भारतीय िीिन बीमा जनगम
अजधजनयम, 1956 (1956 का 31) से संबंजधत इस अजधजनयम की अनुसूची म ेंसंबंजधत प्रजिजियों से संबंजधत ह।ै
[फा. सं. 06/03/2020-बीओ. II]
हरर हर जमश्र, अपर सजचि
NOTIFICATION
New Delhi, the 22nd June, 2026
S.O. 3302(E).— In exercise of the powers conferred by sub-section (2) of section 1 of the Jan Vishwas
(Amendment of Provisions) Act, 2026 (8 of 2026), the Central Government hereby appoints the 23rd day of June, 2026,
as the date on which the provisions of the said Act, in so far as they relate to serial number 20 and the entries relating
thereto in the Schedule to the said Act, relating to the Life Insurance Corporation Act, 1956 (31 of 1956), shall come
into force.
[F. No. 06/03/2020-BO.II]
HARI HAR MISHRA, Addl. Secy.
अजधसचू ना
नई दिल्ली, 22 िून, 2026
का.आ. 3303(अ).— िन जिश्वास (उपबंध संिोधन) अजधजनयम, 2026 (2026 का 8) की धारा 1 की उप-धारा(2)
द्वारा प्रित्त िजियों का प्रयोग करत े हुए, केन्द्रीय सरकार, एतद्द्वारा, जून 2026 के तेईसव ें दिन को उस दिन के रूप म ें जनयत
करती ह,ै जिस दिन इस अजधजनयम के उपबंध लाग ू होगें, िहााँ तक यह क्रम संख्या 38 और साधारण बीमा कारबार
(राष्ट्रीयकरण) अजधजनयम, 1972 (1972 का 57) से संबंजधत इस अजधजनयम की अनुसूची में संबंजधत प्रजिजियों से संबंजधत
ह।ै
[फा. सं. 06/03/2020-बीओ. II]
हरर हर जमश्र, अपर सजचि[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3
NOTIFICATION
New Delhi, the 22nd June, 2026
S.O. 3303(E).— In exercise of the powers conferred by sub-section (2) of section 1 of the Jan Vishwas
(Amendment of Provisions) Act, 2026 (8 of 2026), the Central Government hereby appoints the 23rd day of June, 2026,
as the date on which the provisions of the said Act, in so far as they relate to serial number 38 and the entries relating
thereto in the Schedule to the said Act, relating to the General Insurance Business (Nationalisation) Act, 1972 (57 of
1972), shall come into force.
[F. No. 06/03/2020-BO.II]
HARI HAR MISHRA, Addl. Secy.
अजधसचू ना
नई दिल्ली, 22 िून, 2026
का.आ. 3304(अ).— िन जिश्वास (उपबंध संिोधन) अजधजनयम, 2026 (2026 का 8) की धारा 1 की उप-धारा
(2) द्वारा प्रित्त िजियों का प्रयोग करते हुए, केन्द्रीय सरकार, एतद्द्वारा, जून 2026 के तेईसव ें दिन को उस दिन के रूप म ें
जनयत करती ह,ै जिस दिन इस अजधजनयम के उपबंध लागू होग,ें िहााँ तक यह क्रम संख्या 68 और पेंिन जनजध जिजनयामकीय
और जिकास प्राजधकरण अजधजनयम, 2013 (2013 का 23) स ेसंबंजधत इस अजधजनयम की अनसु ूची म ें संबंजधत प्रजिजियों स े
संबंजधत ह।ै
[फा. सं. 06/03/2020-बीओ. II]
हरर हर जमश्र, अपर सजचि
NOTIFICATION
New Delhi, the 22nd June, 2026
S.O. 3304(E).— In exercise of the powers conferred by sub-section (2) of section (1) of the Jan Vishwas
(Amendment of Provisions) Act, 2026 (8 of 2026), the Central Government hereby appoints the 23rd day of June, 2026,
as the date on which the provisions of the said Act, in so far as they relate to serial number 68 and the entries relating
thereto in the Schedule to the said Act, relating to the Pension Fund Regulatory and Development Authority Act, 2013
(23 of 2013), shall come into force.
[F. No. 06/03/2020-BO.II]
HARI HAR MISHRA, Addl. Secy.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.