Introduction to the Memorandum on Shop and Establishment Registration in Tripura
The Tripura Shops and Establishments Act, 1970, necessitates that every shopkeeper or employer apply for registration of their shop or establishment under this Act. Similarly, it requires renewal of the registration certificate for their shop or establishment after three years from the date of issuance.
Ensuring Voting Rights for Migrant Employees in Puducherry
In preparation for the forthcoming Lok Sabha Elections in 2024, scheduled across multiple phases, all employers in shops and establishments throughout the Union Territory of Puducherry are required to provide paid leave to their migrant employees on the respective polling days.
“Minimum Wage Revision in Andhra Pradesh: Effective from April 1st, 2024”
The Consumer Price Index numbers so notified in the Extraordinary Gazette came into force with effect from April 1, 2024.
Conclusion: Empowering Energy Distribution Efficiency with KERC Guidelines
The Karnataka Electricity Regulatory Commission (KERC) has recently released comprehensive guidelines for the integration of smart modules with existing digital and static meters in the state.
Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2024
The amendment provides that with approval of SEBI, the activities of administration and supervision over specified intermediaries may be carried out by recognized stock exchange on such terms and conditions and to such an extent as may be specified.
SEBI amends the regulations governing research analysts and investment advisors
The Board may specify that no person shall act as an investment adviser unless such a person is enlisted with the recognized body or body corporate and in such an event, the provisions of these regulations and the specified provisions of the bye-laws or articles of such a body or body corporate shall apply to the investment adviser.
Alternative Investment Funds (AIF) Regulations Amendment 2024
Prior to initiating the dissolution period, the AIF must intimate SEBI about obtaining investor consent. If the bid is successful, dissenting investors are offered an exit option, ensuring fairness in the process. Conversely, if the bid falls short, the AIF can still opt for the dissolution period with the requisite investor consent.
SEBI has introduced amendments to the SEBI (AIF) Regulations for providing greater flexibility to Category I and II Alternative Investment Funds (AIFs)
The amendments, notified on April 25, 2024, aim to streamline the process for AIFs to create encumbrance on equity, primarily for investee companies involved in infrastructure projects. This move is pivotal in promoting ease of doing business and enhancing the flexibility of AIF operations, thereby contributing to the overall growth of the alternative investment landscape in India.
SEBI relaxations for Large Value Alternate Investment Funds
Large Value Fund for Accredited Investors (LVFs) shall be exempted from the requirement of intimating any changes in the terms of PPM through a merchant banker.
SEBI turnover fee for Cash, Derivatives, Currency Derivatives, Commodity Derivatives, Interest Rate Derivatives, New Debt Segment, Repo Segment % EGR segment Turnover shall be subject to GST
The turnover fee along with applicable GST shall be debited to the respective settlement (valan) account/ Exchange dues account of Trading Members on the 3rd working day of the next month i.e., May 06, 2024.
