Prasar Bharati Recruitment Board (Procedure and Conduct of Business) Regulations, 2024
Meetings of the Recruitment Board will be held at regular intervals, which should not be less than 6 times a year.
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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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MoF notifies new rules for compounding under FEMA
Payment of the amount compounded will be done electronically and within 15 days from the date of compounding order.
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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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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.
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MCA notifies Competition (Minimum Value of Assets or Turnover) Rules, 2024
Minimum Value of assets/ turnover laid down which will not constitute a Combination under Section 5 of Competition Act.
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SEBI widens scope of SEBI (Foreign Venture Capital Investors) Regulations, 2000
Terms such as ‘Bilateral Memorandum of Understanding’, ‘Control’, ‘Designated depository participant’, and ‘International Financial Services Centre’ have been added to the 2000 Regulations.
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Govt. notifies Telecommunications (Administration of Digital Bharat Nidhi) Rules, 2024
These rules will focus on promoting sustainable and green technologies in the telecommunications sector.
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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.
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Uttar Pradesh Digital Media Policy, 2024
Policies, Schemes and achievements will be publicized on social media by digital influencers.
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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
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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.
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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.
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Requirements for domestic and export trade of millets laid down vide Millets Grading and Marking Rules, 2024
These rules are applicable on whole or dehulled millet which can be consumed by humans.
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RBI introduces provisions for ‘Sovereign Green Bonds’ vide Foreign Exchange Management (Debt Instruments) (Third Amendment) Regulations, 2024
The 2024 Regulations provide that a person resident outside India who maintains a securities account with a depository in IFSC in India would be able to purchase or sell Sovereign Green Bonds issued by the Government of India.
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SEBI revises ‘Tenure’ of Category I and II Alternative Investment Fund vide SEBI (Alternative Investment Funds) (Fourth Amendment) Regulations, 2024
Through the 2024 Amendment Regulations, changes have also been made to the ‘Conditions for Category I and II Alternative Investment Funds.
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Govt introduces e-adjudication Platform vide Companies (Adjudication of Penalties) Amendment Rules, 2024
MCA directs that all proceedings from 16-9-2024 will be done electronically.
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Provisions for ‘market abuse’ and ‘mechanism for identification of market abuse’, introduced vide SEBI (Mutual Funds) (Second Amendment) Regulations, 2024
Apart from provisions for market abuse, the 2024 Amendment Regulations also direct asset management companies to establish a whistle-blower policy which must provide a confidential channel to raise concerns about fraud, unfair practices, etc.
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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.
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Government notifies Constitution of GSTAT Principal Bench and State Benches
Government establishes Goods and Services Tax Appellate Tribunal.
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