SEBI declares Zero coupon, zero principal bond as securities
The Central Government has declared “zero coupon zero principal instruments” as securities for the purposes of the Securities Contracts (Regulation) Act, 1956.
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Notifications issued by various government departments, government bodies etc.
RBI imposes penalty of more than Rs. 1 crore on Ola Financial Services Private Ltd. for non-compliance with Master Direction on Prepaid Payment Instruments, 2021 and Know Your Customer, 2016
On 12-07-2022, the Reserve Bank of India (‘RBI’) imposed a penalty of Rs 1 crore and 67.80 lakh on Ola Financial Services
Continue readingRBI issues guidelines on International Trade Settlement in Indian Rupees
On 11-07-2022, Reserve Bank of India has issued guidelines on International Trade Settlement in Indian Rupees to promote growth of
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SEBI issues circular on framework for Cyber Security and Cyber Resilience for all Qualified Registrars to an Issue and Share Transfer Agents
On 06-07-2022, Securities and Exchange Board of India (‘SEBI’) issued a circular on framework for Cyber Security and Cyber Resilience for all
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CBIC extends waiver of late fee for delay in filing Form GSTR-4 for FY 2021-22
On 05-07-2022, the Central Board of Indirect Taxes and Customs has waived the late fee for delay in furnishing Form GSTR-4 for
Continue readingRBI imposes Rs.1.5 crore penalty on Kotak Mahindra Bank Ltd for deficiency in regulatory compliance
The Reserve Bank of India (‘RBI’) has imposed a penalty of Rs. 1.5 crore on Kotak Mahindra Bank Ltd.(‘Kotak’) for contravening the
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Manner of obtaining certificate of registration by ‘Finance Company’ under IFSCA revised vide IFSCA (Finance Company) (Amendment) Regulations, 2022
On 1-7-2022, International Financial Services Centres Authority (IFSCA) notifies International Financial Services Centres Authority (Finance Company) (Amendment) Regulations, 2022. This Amendment seeks
Continue readingRBI issues circular on takeover/ acquisition of control of non- bank payment system operators and sale and transfer of payment system activity
On 04-07-2022, the Reserve Bank of India (‘RBI') has issued a circular determining the requirements for obtaining prior approval in
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SEBI issues circular on investor grievance mechanism to expedite redressal and disposal of complaints
On 04-07-2022, Securities and Exchange Board of India (‘SEBI') issued a circular on Investor Grievance Mechanism also amending its circular
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CCPA issues Guidelines to prohibit automatic levy of service charge in hotels and restaurants
On 04-07-2022, the Central Consumer Protection Authority (‘CCPA’) has issued Guidelines to prevent unfair trade practices and to protect the consumer interest
Continue readingRBI issued Guidelines on Note Authentication and Fitness Sorting Parameters
On 01-07-2022, Reserve Bank of India (‘RBI') issued guidelines on authentication of note and fitness sorting parameters for the Note
Continue readingRBI notified provisioning requirement for Investment in Security Receipts in order to provide glide path for the Regional Rural Banks
On 28-08-2022, Reserve Bank of India (‘RBI') notified that for smooth functioning of the Regional Rural Banks (‘RRBs') and to
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SEBI issues circular on disclosure of specified securities and holding of specified securities in dematerialized form to bring transparency to investors
On 30-06-2022, Securities and Exchange Board of India (‘SEBI’) issued a circular providing the investors in the securities market more
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CBDT specifies non fungible token as virtual digital asset
The Central Government has specified a token which qualifies to be a virtual digital asset as non-fungible token within the
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Uttar Pradesh | Women employee cannot be bound to work in night shifts
The Governor of Uttar Pradesh notified elaborate rules explaining conditions to restrict working of ‘women employee’ between 7:00 pm and 6:00 am.
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SEBI issues circular on Adjustment in derivative contracts for dividend announcements to review the framework
On 28-06-2022, Securities and Exchange Board of India (‘SEBI’) issued a circular in order to protect the interest of the investors in
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SEBI modifies operational guidelines for Foreign Portfolio Investors and Designated depository participants
On June 21, 2022, SEBI has modified operational guidelines for Foreign Portfolio Investors and Designated depository participants and Eligible Foreign Investors to
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SEBI issues circular for naming / tagging of demat accounts by June 30, 2022
On June 20, 2022, the Securities and Exchange Board of India has issued a circular requiring all stock brokers to name and
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Government of Haryana notifies conditions for employing women during night shifts under Punjab Shop and Commercial Establishment Act, 1958
On June 07, 2022, the State Government of Haryana has notified certain conditions for employing women during nights shifts in IT, ITEs
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CBDT notifies exemption of TDS on rent of ‘aircraft’ leased out by IFSC units on certain conditions
On 16th June, 2022, the Central Board of Direct Taxes (CBDT) has exempted TDS on lease rentals under Section 194-I of Income
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