Notifications Archives

Legislation Updates Notifications

Uttar Pradesh Digital Media Policy, 2024

Policies, Schemes and achievements will be publicized on social media by digital influencers.

Legislation Updates Notifications

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

Legislation Updates Notifications

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.

Legislation Updates Notifications

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.

Legislation Updates Notifications

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.

Legislation Updates Notifications

Government notifies Constitution of GSTAT Principal Bench and State Benches

Government establishes Goods and Services Tax Appellate Tribunal.

Legislation Updates Notifications

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.

Legislation Updates Notifications

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.

Legislation Updates Notifications

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.

Legislation Updates Notifications

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.

Legislation Updates Notifications

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.

Legislation Updates Notifications

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.

Legislation Updates Notifications

SEBI issues Master Circular to consolidate all relevant circulars for Surveillance of Securities Market; rescinds 15 circulars

A Master Circular in the form of a compilation of provisions of all relevant circulars for surveillance of securities market was last issued on 23-03-2023.

Legislation Updates Notifications

RBI imposes penalty of Rs. 1.31 Crore on Punjab National Bank for non-compliance of directions on ‘Loans and Advances’ and ‘KYC’

The Reserve Bank of India imposed monetary penalty on Punjab National Bank due to deficiencies in regulatory compliance.

Legislation Updates Notifications

SEBI issues Master Circular for Mutual Funds rescinding 16 circulars

This Master Circular for Mutual Funds includes all previous guidelines/directions that were included in the Master Circular dated 19-05-2023.

Legislation Updates Notifications

Certain provisions of Telecommunications Act, 2023, notified

The Telecommunications Act, 2023 aims to replace the 138-year-old Indian Telegraph Act, 1885.

Legislation Updates Notifications

53rd GST Council Meeting | Aadhaar-Based Biometric Authentication to roll out; Railways and Hostels remains exempted from GST

Read all the recommendations and updates on the 53rd GST Council Meeting held on 22-06-2024, under the Chairmanship of Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs.