SEBI Update: Repeal of circular(s) outlining procedure to deal with cases where securities are issued prior to April 01, 2014, involving offer / allotment of securities to more than 49 but up to 200 investors in a financial year
1. SEBI has issued Circular No. CIR/CFD/DIL3/18/2015 dated December 31, 2015 and Circular No. CFD/DIL3/CIR/P/2016/53 dated
SEBI Update: Simplification and streamlining of Offer Documents of Mutual Fund Schemes – Extension of timelines
1. SEBI vide circular SEBl/HO/IMD/IMD-RAC-2/P/CIR/2023/00175 dated November 01, 2023 prescribed simplified format of Scheme Information Document
SEBI Update: Measures to instill trust in securities market – Expanding the framework of Qualified Stock Brokers (QSBs) to more stock brokers
1. SEBI vide Circular SEBI/HO/MIRSD-PoD-1/P/CIR/2023/24 dated February 06, 2023 and para 18 of Master Circular for Stock
RBI Update: Implementation of Section 12A of the Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005: Designated List (Amendments)
1. RBI has advised to refer to Section 52 of Master Direction on Know Your Customer dated February
Note on SEBI levying Fine on three entities for flouting venture capital fund Rules
Background Capital markets regulator SEBI slapped a fine of Rs 3 lakh on three entities
RBI Update: Amendment to Master Direction on Prepaid Payment Instruments
1. This has reference to the Master Directions CO.DPSS.POLC.No.S-479/02.14.006/2021-22 dated August 27, 2021, on Prepaid Payment Instruments
RBI Update: Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit
Kindly refer to the instructions issued vide DOR.STR.REC.93/04.0 2.001/2021-22 dated March 8, 2022 and DOR.STR.REC.39/04.02.001/2022-23 dated
RBI Update: Inclusion of Clearing Corporation of India Limited as a Financial Information Provider under Account Aggregator Framework
1. RBI launched the Retail Direct Scheme (‘Scheme’) on November 12, 2021, to facilitate retail investors
IBBI Update – Deposit and withdrawal of unclaimed dividends and/or undistributed proceeds in accordance with regulation 46 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 (Liquidation Regulations)
To facilitate the request received from a stakeholder, under sub-regulation (7) of regulation 46, who claims
IBBI Update – Enhancing Transparency and Stakeholder Engagement in Liquidation Process
Circulation of progress reports to stakeholders is hereby directed that the liquidator shall also share