RBI Update – Enhancing Transaction Limits for Small Value Digital Payments in Offline Mode
As announced in the Statement on Development and Regulatory Policies dated August 10, 2023, the upper
MCA Update- Condonation of delay in filing of Form-3, Form-4 and Form-11 under section 67 of the Limited Liability Partnership Act, 2008 read with section 460 of the Companies Act, 2013
The Form-3 and Form-4 would be processed under Straight Through Process (STP) mode for all
RBI Update- Review of Regulatory Framework for IDF-NBFCs
Infrastructure Debt Fund-NBFCs (IDF-NBFCs) will now be required to have a net owned fund (NOF)
RBI Update- Reset of Floating Interest Rate on Equated Monthly Instalments (EMI) based Personal Loans
Regulated Entities are advised to put in place an appropriate policy framework meeting the following
RBI Update -Fair Lending Practice – Penal Charges in Loan Accounts
On a review of the practices followed by REs for charging penal interest/charges on loans,
SEBI Update – Simplification of KYC process and rationalisation of Risk Management Framework at KYC (Know Your Client) Registration Agencies (KRAs)
Sebi on Friday simplified the KYC process and rationalised the risk management framework at KYC
SEBI Update – Timeline for the Exit Option Window Period for Change in Control of AMC
Sebi on 11th Aug 2023 came out with a new timeline for the exit option
RBI Update – Reserve Bank of India Act, 1934 – Section 42(1A) – Requirement for maintaining additional CRR
It has been decided to issue a directive under Section 42(1A) of the Reserve Bank
Procedure for seeking prior approval for change in control
Sebi on 10th Aug 2023 streamlined the procedure of obtaining prior approval for the proposed
SEBI Update- Reduction of timeline for listing of shares in Public Issue from existing T+6 days to T+3 days
SEBI has reduced the timeline for listing securities after the closure of public issue to