DGFT has notified additional features in the scrip transfer recording module.
The original duty scrip holder are directed to register the duty credit scrip at the Port of Registration with Customs and the ‘transfer’ of scrips from one IEC to another IEC will be as per the negotiated terms & conditions between the buyer and the seller.
RBI increases market trading hours.
The trading hours for Commercial paper and Certificates of Deposit, Repo in Corporate Bonds, Government Securities (Central Government Securities, State Development Loans and Treasury Bills) Foreign Currency (FCY)/Indian Rupee (INR) Trades including Forex Derivatives and Call/notice/term money will be 10.am to 3.30 pm.
Ministry of Finance notifies 7.1% as the rate of interest under the special deposit scheme.
The Special Deposit Scheme was launched with an aim to provide better returns to non-government provident funds, gratuity and superannuation funds, surplus funds of LIC, ESIC etc.
The Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) (Amendment) Regulations, 2022.
The issuer shall ensure that the secured debt securities are secured by hundred percent security cover or higher security cover as per the terms of the offer document and/or Debenture Trust Deed, sufficient to discharge the principal amount and the interest thereon at all times for the issued debt securities.
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2022
The amendment provides that In respect of its secured listed non-convertible debt securities, the listed entity shall maintain hundred percent security cover or higher security cover as per the terms of offer document/Information Memorandum and/or Debenture Trust Deed, sufficient to discharge the principal amount at all times for the non-convertible debt securities issued.
Securities and Exchange Board of India (Debenture Trustees) (Amendment) Regulations, 2022
The debenture trustees shall on a Quarterly basis-(a)carry out the necessary due diligence and monitor the security cover.
SEBI clarification on risk score of investment in commodities by mutual fund schemes
SEBI has decided that investment in commodities by mutual fund schemes shall be assigned a risk score corresponding to the annualized volatility of the price of the said commodity.
Comprehensive Risk Management Framework for Electronic Gold Receipts (EGR) segment
Where a member has reported falsely the margin collected from
clients and the same is found out during inspections, the Stock Exchanges and Clearing Corporations, in all segments, in
consultation with one another, shall devise a standard framework for imposition of fine on the TM/CM for incorrect/false reporting of margin collected from the clients.
