NCCS issues draft Indian Telecommunication Security Assurance Requirements (ITSAR)
ITSAR seeks to address the country specific security needs in telecommunication landscape and notify the same. It seeks to present a comprehensive country specific security requirement for the Network Function Virtualization (NFV) as applicable to the mobile generation technologies.
Software Technology Parks of India (STPI) sets up 63 STPI Centres
Ministry of Electronics & IT(MeitY) has issued a press release on the setting up of Software Technology Parks of India (STPI) centres. Government of India is focused to expand the digital opportunities to smaller & newer towns in the country and to ensure that every young Indian can be a participant in the one trillion-dollar digital economy vision.
SEBI issues Clarification on Issuance & Listing of Perpetual Debt Instruments, Perpetual Non-cumulative Preference Shares and Similar Instruments under SEBI NCS Regulations, 2021
SEBI has now clarified that only securities which have specified characteristics, shall necessarily be required to comply with the provisions for issuance and listing of perpetual debt instruments, perpetual non-cumulative preference shares and similar instruments under under Chapter V of the SEBI (Issue and Listing of Non-convertible Securities) Regulations, 2021.
RBI issues Governor’s Statement on the first monetary policy of 2023
The statement elucidates that based on an assessment of the macroeconomic situation and its outlook, the Monetary Policy Committee has decided to increase the policy repo rate by 25 basis points to 6.50 per cent, with immediate effect. Consequently, the standing deposit facility (SDF) rate will stand revised to 6.25 per cent; and the marginal standing facility (MSF) rate and the Bank Rate to 6.75 per cent.
UGC publishes Result of Savitribai Jyotirao Phule Single Girl Child Fellowship 2022-23
University Grants Commission (UGC) has recently launched Savitribai Jyotirao Phule Fellowship for Single Girl Child (SJSGC) for pursuing research work leading to award of Ph.D degree to single girl child of the family. In furtherance of this scheme, the UGC has notified a list of 1129 provisionally selected candidates. These candidates are eligible to receive fellowship under the scheme subject to the conditions mentioned in the guidelines of scheme, terms & conditions contained in the award letter and the present notification.
Clarification in respect of the compliance by the first-time issuers of debt securities under SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 with Regulation 23(6)
The Stock Exchanges are advised to take an undertaking from such first-time issuers that they will ensure that their AoA are amended within a period of six months from the date of the listing of the debt securities. This undertaking may be obtained at the time of granting the in-principle approval. The issuer shall, within such time, comply and report compliance to Stock Exchanges, which shall periodically monitor/ remind such issuers on doing the needful.
Consultation paper on review of Corporate Governance norms for a High Value Debt Listed Entity
Where a General Meeting(GM)is to be conducted,in which an agenda item relating to RPTs is proposed to be placed for approval by shareholders,the company shall send a copy of such agenda item to the debenture holders holding listed non-convertible debt securities.
Consultation Paper on Review of Role and Obligations of Mutual Fund Trustees to solicit public comments / views
SEBI seeks comments on the clarity on the role and accountability of the Board of Asset Management Companies (AMC) to safeguard unit holders’ interest, across all products and services.
Consultation paper on proposal reforms under the Non-Convertible Securities Regulations
An issuer making a private placement of non-convertible securities and seeking listing thereof on a Stock Exchange shall file a General Information Document and a Key information document along with other required documents with the Stock Exchanges at the time of making the first issuance.
