SEBI issues measures to strengthen Equity Index Derivatives Framework
The measures have been issued on the recommendation of Expert Working Group.
Continue readingNotifications
Notifications issued by various government departments, government bodies etc.
MoEF notifies Ecomark Rules 2024 to differentiate products having lesser adverse effects on environment
Ecomark will be valid for any product for a period of 3 years.
Continue reading
BCI mandates criminal background check of the students before issuance of final marksheets and degrees
BCI should be informed of any ongoing FIR, criminal case, conviction or acquittal.
Continue reading
RBI imposes penalty of Rs. 7.9 lakh on Muthoot Vehicle & Asset Finance Ltd. for non-compliance with Liquidity Risk Management Framework and RBI Directions for NBFCs
Apart from failing to disclose information regarding LCR and conveying the loan amounts sanctioned, MVAFL also failed to submit data of gold loan customers.
Continue reading
RBI imposes penalty of Rs. 10.4 lakhs on HP Financial Services for failing to adhere to its KYC, NBFC, and IT framework regulations for the non-banking financial sector
HP Financial Services not only failed to establish a periodic review of risk categorization of accounts but also failed to form an IT Strategy Committee as well as an IT Steering Committee.
Continue reading
RBI imposes penalty amounting to Rs. 1 Crore on HDFC Bank Limited for non-compliance with directions
The penalty imposed was based on deficiencies in statutory and regulatory compliance on behalf of HDFC bank.
Continue reading
RBI imposes penalty amounting to Rs. 1.91 crores on Axis bank Limited for failure to comply with Banking Regulation Act, 1949 and RBI Directions
Axis bank contravened S. 19(1)(a) of the Banking Regulation Act as one of its wholly owned subsidiaries was engaged in an impermissible business as per S. 6 of the Act.
Continue reading
SEBI introduces Chapter on ‘Restriction in Dealing with Unregulated/Other Entities’ in Regulations for Securities Contracts, Depositories and Participants, and Intermediaries
The provision made vide 2024 Amendment Regulations would not apply to associations through a specified digital platform.
Continue reading
Uttar Pradesh Digital Media Policy, 2024
Policies, Schemes and achievements will be publicized on social media by digital influencers.
Continue reading
SEBI bans Reliance Home Finance Limited and 23 other entities for 5 years; imposes penalty of Rs. 25 crores on each entity
SEBI penalizes Anil Ambani for siphoning of funds from public listed companies, RHFL
Continue reading
Directorate of Family Welfare notifies constitution of Medical Boards in the NCT of Delhi
The Medical Boards will be constituted in addition to the existing PMBs in different hospitals.
Continue reading
SEBI issues Master Circular for Stockbrokers to increase accessibility by consolidating all relevant circulars
To enable the users to have access to the provisions of all applicable circulars in one place, SEBI has previously issued a Master Circular dated 22-05-2024 for Stockbrokers.
Continue reading
Intellectual Property laws decriminalized and amended vide Jan Vishwas (Amendment of Provisions) Act, 2023 w.e.f. 01-08-2024
The amendments mentioned in the Schedule to the Jan Vishwas (Amendment of Provisions) Act, 2023 have either decriminalized, omitted, or revised the penalties for certain offences in Intellectual Property laws.
Continue reading
Government notifies Constitution of GSTAT Principal Bench and State Benches
Government establishes Goods and Services Tax Appellate Tribunal.
Continue reading
RBI imposes penalty of Rs. 1.9 Lakh on Muthoot Finance Ltd. for non-compliance with KYC Directions, 2016
Muthoot Finance had been allotting more than one UCIC to its individual customers in contradiction to the 2016 KYC Directions issued by the RBI.
Continue reading
RBI revises Master Directions on Fraud Risk Management in Regulated Entities; rescinds 36 Circulars
The 2024 Master Directions are principle-based and have been issued to strengthen the role of the Board in overall governance as well as oversight of fraud risk management in Regulated Entities.
Continue reading
SEBI lays down ‘Framework for Unit Based Employee Benefit Scheme’ vide SEBI (REIT) (Second Amendment) Regulations, 2024
As per the Regulations, the manager may offer unit-based employee benefit scheme based on the units of Real Estate Investment Trusts subject to compliance with Chapter IVA.
Continue reading
SEBI widens scope of ‘liquid asset’ for ESG Rating Providers vide SEBI (Credit Rating Agencies) (Amendment) Regulations, 2024
Previously, ‘liquid asset’ included low-risk assets such as cash, fixed deposits, government securities, treasury bills, and repo on government securities.
Continue reading
SEBI (Issue and Listing of Non-Convertible Securities) (Amendment) Regulations, 2024
The 2024 Regulations amend the obligations of the issuers to include fixing a record date for payment of interests, dividends, etc.
Continue reading
SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2024
The 2024 Regulations have been notified to modify Regulation 52 of the 2015 Listing Obligations and Disclosure Requirements issued by SEBI.
Continue reading