SEBI extends date for top 500 listed entities to appoint a Non- Executive director as Chairman of Board
Securities Exchange Board of India (SEBI) has issued Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)(Amendment) Regulations, 2020 on 10 January, 2020. The amendment has extended the date for compliance with the requirement for 500 top listed entities to appoint a Non-executive director as Chairman of the Board.
SEBI Issues operating guidelines for investment advisers in IFSC.
SEBI has issued guidelines for entities operating as investment advisers in international financial service centre for facilitating and regulating financial services related to securities market.
RBI approves Aadhaar-based video authentication as alternative to e-KYC.
The Reserve Bank of India in its Circular dated 9th January, 2020 has brought in amendments to the earlier Master Direction on KYC issued on 25th February 2016 and also notified amendment to the Prevention of Money-laundering (Maintenance of Records) Rules, 2005. The Reserve Bank has decided to permit Video based Customer Identification Process (V-CIP) as a consent based alternate method of establishing the customer’s identity, for customer on boarding.
Special Economic Zones (4th Amendment) Rules exempts AIFs and MFs from Positive Net Foreign Exchange requirement.
Ministry of Commerce and Industry has issued the Special Economic Zones (4th Amendment) Rules, 2019 on 31st December, 2019. The amendment has provided exemption to Mutual Funds(MF) and Alternative Investment Funds (AIF) from complying with the requirement ti achieve Positive Net Foreign Exchange to be calculated cumulatively for a period of five years from the commencement of production.
West Bengal Labour Department fixes minimum rate of wages for establishment defined under the Shops and Establishments Act, 1963.
The Labour Commissioner, Government of West Bengal in its notification dated 27th December 2019 has prescribed the latest Minimum Rates of Wages for unskilled, Semi-skilled, skilled and highly skilled employees. The Notification also prescribes equal pay for men, women and disabled.
CBIC waives late fee for non- filing of Form GSTR-1 till 17 January 2020.
The Central Board of Indirect Taxes and Customs in its Notification dated 10th January 2020 has extended the last date for waiving late fee on filing of outward supplies statements through form GSTR 1 for the period between July 2017 and November 2019 by seven days to 17 January 2020. Click here to read the […]
Transgender Persons (Protection of Rights) Act Comes Into Force
The Transgender Persons (Protection of Rights) Act, 2019 has come into force on 10 January 2020. The Act intends to protect persons of transgender identity from discrimination. The Act is made enforceable against all establishments, which covers government and private entities, including all companies, firms, Co-operative societies, trusts etc.
