SEBI guidelines to enhance their Business Continuity Plan (BCP) and Disaster Recovery (DR) capabilities
SEBI’s guidelines for BCP and DR aim to strengthen the resiliency of Qualified Registrar and Transfer Agents (QRTAs) in the Indian securities market. These measures are vital to ensuring continuous operations, maintaining data integrity, and minimizing recovery time in the event of a disaster. By adhering to these guidelines, QRTAs can contribute to the stability and reliability of India’s financial markets, ultimately safeguarding the interests of investors.
NSE cautions against telegram channels providing assured/guaranteed returns on investment in stock markets
The investors may note that for any kind of disputes relating to such prohibited schemes none of the NSE recourses will be available to investors.
SEBI revised framework for fund raising by issuance of debt securities by large corporates (LCs)
SEBI’s new framework for Large Corporates introduces a structured approach to borrowing and encourages listed entities to issue debt securities as part of their capital structure. By offering incentives and dis-incentives, the framework aims to enhance transparency and regulatory compliance among LCs. It is essential for LCs to understand and adhere to these provisions to ensure smooth compliance with SEBI’s regulations and contribute to the integrity of the Indian financial market.
Master Direction – Reserve Bank of India (Non-Banking Financial Company– Scale Based Regulation) Directions, 2023
RBI, in supersession of the Non-Banking Financial Company–Non-Systemically Important Non-Deposit taking (Reserve Bank) Directions, 2016 and Non-Banking Financial Company–Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016, has issued the Master Direction – Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023.
NMC issues Press Release on Counselling Schedule for Academic Session 2023-2024
The NMC has directed medical colleges to strictly adhere to the counselling schedule. Any counselling activities carried out outside this prescribed schedule will be regarded as invalid. This direction applies to all concerned stakeholders including the central and state authorities and medical colleges.
New “Dispute Avoidance Mechanism” Extended to Power Sector Projects
This extension of the “Dispute Avoidance Mechanism” is expected to have a positive impact on the power sector by promoting efficient dispute resolution, minimizing delays, and ultimately contributing to the successful implementation of power projects under the Ministry of Power’s purview.
Ministry of Power amends Dispute Resolution Mechanism for CPSUs and Statutory Bodies
These amendments aim to provide greater flexibility and options to parties involved in contractual disputes. By allowing for arbitration and other legal remedies, even after conciliation attempts, the Ministry of Power seeks to facilitate efficient dispute resolution while maintaining the rights of the parties involved.
Notification regarding Duties of Clerical cadre in Labour Department of Haryana
The Haryana State Pollution Control Board (Haryana State PCB) cum Committee for the issues of clerical cadre has issued a notification in regards to constitution of a committee to review the duties and responsibilities, promotions, cadre structure and pay structure of the clerical cadre. The notification was issued on 17th October, 2023.
Uttarakhand Governor announces Creation of New Tehsil “Mussoorie”
This Tehsil will comprises of specified villages along with the Sadar Tehsil Headquarters in Dehradun, District Dehradun. Simultaneously, the notification separates these villages from the boundaries of the existing Tehsil Dehradun.
Revision in Composition of National Assisted Reproductive Technology and Surrogacy Board
Diwakar Singh, currently serving as the Joint Secretary and Legislative Counsel in the Legislative Department of the Ministry of Law and Justice, Government of India, has been appointed as a Member, ex officio in the place of Dr. N.R. Battu.
