SEBI clarifies the norms on composition of IPF Trust and Committees at Market Infrastructure Institutions (MIIs).
The Securities and Exchange Board of India vide notification dated 28th January 2020 has provided more clarity on norms related to composition and functioning of Investor Protection Fund (IPF) Trust with regard to stock exchanges and depositories.
The government of West Bengal has modified the time limit for obtaining certificate of registration for shops and establishments.
Government of West Bengal, Labor department in its notification dated 31st December 2019 has stipulated time limit for Registration, renewal of registration and changes of certificates for registration of shop and establishment under the West Bengal Shops and Establishments act, 1963.
SEBI reviews the margin framework for commodity derivatives to check volatility.
SEBI has revised its margin system in the equity and commodity derivatives segments as part of its effort to boost liquidity and bring down trading cost.
Government of West Bengal fixes the minimum rates of wages for employees in private hospitals and research centers.
The Labour Commissioner, Government of West Bengal vide notification dated 27th December 2019 has fixed the minimum rates of wages in the employment of private hospitals and research centers not carried on by Government or local authorities.
State Government of Haryana extends the last date for deposit of labour welfare fund.
The last date for deposit of labor welfare fund by employers of Haryana for the year 2019 is extended to 31. 3. 2020.
MCA to introduce “SPICEe+”Form by replacing existing SPICe Form
The Ministry of Corporate Affairs on 24th January 2020 in its news update Column has proposed a new SPICe+ form to be notified soon to replace existing SPICe form. This move is aimed to further the ease of doing business in India by altering the way the companies are registered in India.
RBI Revises guidelines relating to Merchanting Trade Transactions
The Reserve Bank of India vide notification dated 23rd January 2020 has reviewed the guidelines of the Merchanting Trade Transactions(MTT) issued on 28th March 2014 and issued revised guidelines With a view to further facilitate merchanting trade transactions .
The Environment (Protection) Amendment Rules, 2020.
The Ministry of Environment, Forest and Climate Change in its notification dated 8th January, 2020, issued the draft Environment (Protection) Amendment Rules, 2020. The amendment is brought under Schedule –I which prescribes the standards for emission or discharge of environmental pollutants in which a new industry related to ‘Hot Mix Plant’ has been inserted and parameters for the same industry is prescribed.
RBI permits Rupee derivatives to be traded in IFSCs
Reserve Bank of India vide Notification dated 20 January 2020 has permitted Rupee derivatives (with settlement in foreign currency) to be traded in International Financial Services Centres (IFSCs), starting with Exchange Traded Currency Derivatives (ETCD).
RBI allows NBFCs to auction gold attached for debt on any part of the district for second auction.
RBI vide Notification Dated 21 January 2020 has altered the Master Direction – Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company and Master Direction – Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016. The Notification allows NBFCs to auction the gold attached for debt on any part of the district for second auction.
