SEBI notifies circular on the redressal of investor grievances through the SEBI Complaints Redress System (SCORES) platform.
SEBI launched a centralized web based complaints redress system ‘SCORES’ in June 2011. The purpose of SCORES is to provide an administrative platform for aggrieved investors, whose grievances, pertaining to the securities market, remain unresolved by the concerned listed company, registered intermediary or recognized market infrastructure institutions (MIIs).
SEBI notifies master circular on issuance of No objection Certificate (NOC) for release of 1% of issue amount.
The application for NOC shall be filed by the Post Issue Lead Merchant Banker (PILMB), provided that all issue related complaints have been resolved by the PILMB/ issuer, with the concerned designated office of SEBI under which the registered office of the issuer falls. On the date of application for NOC, the bank guarantees, if any, which form part of the 1% deposit by issuer shall have a residual validity of minimum of 2 months.
Government of Goa notifies Grant for Incubation Centres within educational Institutes Scheme.
The educational institutes with existing incubation facilities will also be provided a grant of up to INR 3 lakh per year, for a period of three years, towards operational expenses. The preference will be given to well performing applicants.
Government of Haryana notifies R&D Incentives under EV segment.
Educational or Research Institutes setting up R&D centers shall receive subsidy @ 50% of project cost, the first 5 selected units developing new electric charging technology shall be eligible to receive one time subsidy upto INR 1 crore and first 5 selected units developing new electric vehicle technology shall be eligible to receive one time subsidy upto INR 5 crore.
Haryana Water Treatment Incentives scheme for the manufacturers of Electric vehicles
The units manufacturing EV and EV components, which construct a water treatment plant in the premises after July 10, 2022, within the policy period, shall also be eligible to avail incentives under this scheme.
IFSCA empowered to regulate issue and transfer of securities in an International Financial Services Centre
The IFSCA shall administer these powers notwithstanding anything contained in the Companies Act, 2013.
SEBI Consultation Paper on Cloud Framework
The proposed cloud framework will guide RE to adopt cloud computing for augmenting the business prospects by scalability, reduced operational cost, digital transformation and reducing IT infrastructure complexity.
Explanatory notes on the Finance Act, 2022
Explanatory notes on the Finance Act, 2022 clarifies the revised income tax rates.
