The Securities and Exchange Board of India (Regulatory Sandbox) (Amendment) Regulations, 2021
The amendment has removed the provision empowering the Board to exempt any person or class of persons from the operation of all or any of the provisions of the SEBI regulations for a period as may be specified but not exceeding twelve months, for furthering innovation in technological aspects
The Securities and Exchange Board of India (Investment Advisers) (Third Amendment) Regulations, 2021
The amendment provides new definition for “accreditation agency” and “accredited investor”.
Securities and Exchange Board of India (Alternative Investment Funds) (Third Amendment) Regulations, 2021
The amendment allows Large value funds for accredited investors to extend its tenure beyond two years, subject to terms of the contribution agreement, Large value funds for accredited investors of Category I and II to invest up to fifty percent of the investable funds in an investee company directly or through investment in the units of other Alternative Investment Funds and Large value funds for accredited investors of Category III to invest up to twenty percent of the investable funds in an investee company directly or through investment in units of other Alternative Investment Funds.
The Securities and Exchange Board of India (Credit Rating Agencies) (Amendment) Regulations, 2021
For providing further clarity to the regulations, it is provided that the words and expressions used and not defined in these regulations but defined in the Act, the Securities Contracts (Regulation) Act, 1956, the Companies Act, 2013, or any rules or regulations made thereunder shall have the same meanings respectively assigned to them in those Acts, rules or regulations made thereunder or any statutory modification or re-enactment thereto, as the case may be.
The Securities and Exchange Board of India (Portfolio Managers) (Third Amendment) Regulations, 2021
The portfolio managers are allowed to offer discretionary or non-discretionary or advisory services for investment up to hundred percent of the assets under management of the large value accredited investors in unlisted securities, subject to appropriate disclosures in the disclosure document and the terms agreed between the client and the portfolio manager.
Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2021
The amendment provides that the non-resident Indians or overseas citizens of India or resident Indian individuals may be constituents of an applicant for FPI registration provided they meet the conditions specified by the Board from time to time
The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2021
The amendment provides that the listed entity shall ensure that approval of shareholders for appointment of a person on the Board of Directors is taken at the next general meeting or within a time period of three months from the date of appointment, whichever is earlier.
RBI provides that penal interest for excess put through/ double claim amount may be levied by State Government
The penal interest period for such double claim/excess put through may start from the date on which the agency bank has received the excess put through / double claim amount and up to previous date to actual date of return of such excess put through / double claim amount by agency banks to concerned state government account (excluding the date of return of such excess payment/double claim amount by the agency banks to government account(s).
Maharashtra Government revises Break the Chain guidelines
The new relaxations include opening of all Public Gardens and playgrounds for the purpose of exercise, walking, jogging and cycling. All Government and Private Offices can be operational with full capacity. Staggering of work hours to be done to avoid crowds while travelling.
RBI cautions against fraudulent online/ offline platforms for buying and selling of old currency
RBI has cautioned against certain elements fraudulently using the name/ logo of Reserve Bank of India, and seeking charges/ commission/ tax from public, in transactions related to buying and selling of old banknotes and coins through various online/ offline platforms.
