The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
The amendment has added to the events/information, upon occurrence of which a listed entity shall make disclosure to stock exchange the events in relation to the corporate insolvency resolution process (CIRP) of a listed corporate debtor under the Insolvency Code.
Proposal to introduce Pre-packaged Insolvency Resolution Process under Insolvency and Bankruptcy Code, 2016
The efficacy of out-of-court workouts in delivering speedier resolutions provided regulators extend the same regulatory exemptions as available to settlements made under the IBC framework was considered and the committee suggested a Pre-packaged insolvency resolution process (PPIRP) which may be introduced under the Code with necessary checks and balances, as an option for resolving insolvency.
Revised Policy for Auto-generation of FSSAI License/Registration and Auto- Rejection of applications
The policy shall be implemented w.e.f 1 February, 2021 and the pending applications shall be dealt with by 1st April, 2021.
SEBI notifies Securities and Exchange Board of India (Alternative Investment Funds) (Amendment) Regulations, 2021.
The Amendment is brought under regulation 20 which specifies the general obligations in which the Manager shall be responsible for investment decisions of the Alternative Investment Fund.
SEBI amends ICDR regulation for non requirement of minimum promoters’ contribution.
Under the amended clause, the requirements of minimum promoters’ contribution shall not apply in case where the equity shares of the issuer are frequently traded on a stock exchange for a period of at least 3 years immediately preceding the reference date.
SEBI revise the monthly reporting format of portfolio managers.
The Portfolio Managers are required to submit a monthly report regarding their portfolio management activity, on the SEBI Intermediaries Portal within 7 working days of the end of each month, as per the prescribed format.
SEBI allows the transfer of bourses excess contribution from core SGF to the Core SGF of another Clearing Corporation.
The Clearing Corporations shall ensure compliance with requirements of Minimum Required Corpus (MRC) of Core SGF as prescribed by SEBI.
