Reserve Bank of India issues Master Direction to Asset Reconstruction Companies
Reserve Bank of India issues Master Direction to ensure prudent and efficient functioning of Asset Reconstruction Companies
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Competition Commission of South Africa revises its Public Interest Guidelines relating to merger control
Guided by the Competition Amendment Act, 2018, the revised Guidelines present the general methodology the Commission will follow in assessing Public Interest issues in merger analyses.
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FTC issues final rule banning non-competes across the US; Finds them to be violative of S.5 of the FTC Act
The Commission determined that it is an unfair method of competition, for employers to enter into non-competes with workers and therefore a violation of Section 5 of the FTC Act.
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Reserve Bank of India takes Supervisory Action against Kotak Mahindra Limited u/s 35-A of Banking Regulation Act, 1949
RBI directed Kotak Mahindra Bank to “cease and desist” the onboarding of new customers through its online and banking channels
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Delhi High Court issues “e-True Copy Rules of the High Court of Delhi, 2024”
Delhi High Court issues rule applicable to electronic applications made for obtaining e-True copy.
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US Department of Labor finalises rule to revise compensation thresholds for overtime eligibility
The Rule updates the present annual salary threshold from $35,568 to $58,656 by 01 January 2025
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Central Bank of UAE launches ‘Sanadak’, UAE’s first Financial & Insurance Ombudsman
Sanadak is the first Ombudsman Unit both in the UAE and the MENA region, catering to consumers of Financial Institutions and Licensed Insurance Companies.
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IRDAI (Actuarial, Finance and Investment Functions of Insurers) Regulations, 2024
The regulations apply to insurers including those engaged in reinsurance business.
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Toshakhana Rules 2024, notified; Applicable on the gifts received by the Government functionaries from foreign sources
The gifts received by Government functionaries from foreign sources will be kept in Toshakhana.
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IRDAI (Insurance Products) Regulations, 2024
These regulations protect the interest of policyholders by enabling insurers to adopt good governance while designing and pricing the products.
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SEBI relaxes mandate of additional disclosures for FPIs having more than 50% of its Indian equity AUM in a corporate group
Composite holding of such FPIs should be less than 3% of total equity share capital of apex company.
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Govt. notifies ‘Fact Check Unit’ under PIB of Ministry of Information and Broadcasting
Fast Check Unit to be governed by IT (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021.
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Chapter relating to Adjudication of Penalties and Appeals introduced vide Patents (Second Amendment) Rules, 2024
Communications done under this Chapter should be in electronic form only.
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Delhi High Court amends Rules for Designation of Senior Advocates
The rules shall be called the High Court of Delhi Designation of Senior Advocate Rules, 2024.
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EU adopts Artificial Intelligence Act which lays down harmonised rules to regulate AI
In a pioneering step, the European Parliament on 13-03-2024, adopted 459-pages long Regulation drafted to ensure safety, compliance with fundamental rights and boost innovation.
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MOEF revises provisions relating to plastic packaging and commodities made from compostable plastics or biodegradable plastics
Definitions of “importer”, “manufacturer” and “producer” revised.
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Provision for Grace Period and Certificate of Inventorship introduced vide Patent (Amendment) Rules, 2024
Duplicate certificate of inventorship can be issued by Controller on conditions.
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SEBI introduces Small and Medium REITS vide SEBI (REIT) (Amendment) Regulations, 2024
SEBI increases the ambit of the definition of REIT.
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CBDT exempts TDS for IFSC Units
The provisions will come into force on 1-4-2024.
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Committee Report recommends Digital Competition Act with ex-ante measures
The Committee compared traditional markets with digital markets to hint towards the threshold for intervention, and also looked into prevailing trends in other countries.
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