SEBI issues timeline for release of security deposit by exchanges upon surrender of Trading Member’s registration
SEBI directed all exchanges that on approval of application for surrender of Trading Member’s registration by SEBI, the Exchange shall release Security Deposit within prescribed timeline.
SEBI reviews Ownership and Governance norms to facilitate new entrants to set up Stock Exchange / Depository
SEBI proposed to create a liberalized ownership framework by allowing higher shareholding at initial / inception stage with dilution over a period of time.
The New interest rate on special deposit scheme for non-government Provident, Superannuation and Gratuity Funds shall be in force from 1st January 2021.
The interest rate on deposits shall be 7.1% percent and it shall be effective from 1st January 2021.
NSE directs trading members to submit undertaking to exchanges to access the information pertaining to all bank accounts.
The trading members shall submit Undertaking/Authorisation to Exchange to access the information/statements pertaining to all bank accounts, maintained by members, opened/reported to the Exchange from time to time, from Banks or through a financial technology solution provider authorized by the Exchange.
IBBI directs insolvency professionals to retain certain records in electronic form for 8 years.
The insolvency professionals shall preserve an electronic copy of all records (physical and electronic) for a minimum period of eight years, and a physical copy of physical records for a minimum period of three years.
Government of Bihar exempts commercial passenger vehicles from paying road tax until 31st March 2021.
All motor vehicles registered in the state of Bihar are exempted from penalty payable on road tax during the period 21.03.2020 to 31.3.2021
