SEBI lays down regulatory standards for SIFs
AMFI to issue detailed standards regarding Risk-Band including on or before 31-3-2025.
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Notifications issued by various government departments, government bodies etc.
Tripura HC adopts Vulnerable Witness Deposition Centres Scheme to support vulnerable witnesses throughout the judicial process
These guidelines will be applicable to every court and J.J. Board of Tripura.
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Delhi HC streamlines procedures for handling contempt cases
Proceedings of contempt can only be initiated within 1 year of the act of contempt.
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RBI notifies directions relating to Forward Contracts in Government Securities
In case of violation, RBI can disallow the violator from dealing in bond forwards for a period of 1 month at a time.
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SEBI introduces the concept of AI vide its amendment in Intermediaries Regulations
AI has to be used keeping in mind privacy, security and integrity of investors and stakeholders.
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RBI streamlines guidelines for ARC – borrower settlements
Borrowers with dues of more than Rs. 1 crore can settle their amount only after IACs evaluation.
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Government appoints IAS Sanjay Malhotra as the 26th Governor of the Reserve Bank of India
The 25th Governor of the Reserve Bank of India, Shaktikanta Das, served at the post for 6 years.
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RBI re-defines ‘Startup’ vide Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (Fourth Amendment) Regulations, 2024
The 2024 Regulations have amended the meaning of startup in the explanations to Regulation 5 and Schedule I para 1 (vii) of the 2015 Regulations.
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GRAP Stage IV Actions to tackle ‘Severe+’ Air Quality Crisis as Delhi-NCR gasps for clean air
After the AQI of Delhi clocked at 457 on 17-11-2024, the Sub-Committee decided to implement all actions under Stage IV of the GRAP from 18-11-2024.
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SEBI simplifies registration process for FPIs
Applicants will have to fill in the fields which are unique to them to avoid duplication of information.
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BCI prohibits usage of ‘Indian’, ‘National’ and other terms of ‘national significance’ in legal events/moots without necessary approval
‘The false impression created by usage of terms such as ‘National’, ‘Indian’, etc. can distort participants’ understanding of the event’s stature and authority, leading them to believe that they are attending a government-sanctioned event.’
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BCI directs Firms, Senior Advocates, Advocates to pay minimum stipend to Junior Advocates
Junior Advocates in urban areas will be paid a minimum stipend of Rs.20000 p.m.
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MoF notifies Sections relating to GST in Finance (No. 2) Act
Insertion of Section 128-A in CGST Act gave relief to the taxpayers who were burdened with their previous tax obligations.
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Section 128-A of CGST Act notified providing relief to taxpayers having old tax obligations
Taxpayers are not required to pay extra interest or penalties on their previous tax obligations.
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SEBI issues measures to strengthen Equity Index Derivatives Framework
The measures have been issued on the recommendation of Expert Working Group.
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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.
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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.
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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.
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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.
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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.
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