SEBI draft circular for Enhancement of operational efficiency and Risk Reduction – Pay-out of securities directly to client demat account
The Securities and Exchange Board of India (SEBI), in its continuous efforts to safeguard investors’ interests and ensure the sanctity of the securities market, has proposed a draft circular for public commentary. This draft circular focuses on the mandatory payout of securities directly into client demat accounts, thereby bypassing the intermediary pool accounts traditionally used in the process.
Tea Board Updates List of NABL Accredited Laboratories Under Integrated Assessment Scheme
The list identifies 42 laboratories across India that meet the Tea Board’s stringent quality standards. The present list has deleted Reliable Analytical Lab, Thane having lab ID no. T-0280 and certificate no. TC-5854 from its listed of accredited labs.
Consultation Paper on measures towards Ease Of Doing Business for REITs and InvITs
The objective of this consultation paper is to seek comments / views / suggestions from the public on the proposals related to certain measures proposed towards the Ease of Doing Business (EoDB) for REITs and InvITs.
Consultation paper on measures towards Ease of Doing Business for Non-Convertible securities
SEBI has issued Consultation paper on measures towards Ease of Doing Business for Non-Convertible securities. The objective of this consultation paper is to seek comments/ views/ suggestions from the public on the proposals related to the Ease of Doing Business (EoDB) for non-convertible securities.
International Financial Services Authority (Board for Regulation and Supervision of Payment and Settlement Systems) Regulations, 2024
The draft Regulations are placed on the website of the IFSCA at https://ifsca.gov.in/PublicConsultation. General public and stakeholders are requested to forward their comments/suggestions through e-mail to Mr. Supriyo Bhattacharjee at supriyo.b@ifsca.gov.in and Mr. Vaibhav Sattavan at vaibhav.sattavan@ifsca.gov.in on or before May 30, 2024.
IFSCA prescribes additional requirements for carrying out the permissible activities by Finance Company as a Lessor under ‘Framework for Ship Leasing’
It is hereby specified that an applicant under the SL Framework or a lessor, who has obtained a Certificate of Registration (CoR), shall not undertake transactions which involves transfer, in any form, of the ownership and/or leasehold right of a ship or ocean vessel from a person resident in India for the purpose of providing services solely to person resident in India.
AERB Seals Nuclear Medicine Facility for Regulatory Violations
The facility, which houses PET-CT equipment, was found to be in violation of regulatory requirements. These regulatory requirements are outlined in the AERB Nuclear Medicine Safety Code and the Atomic Energy (Radiation Protection) Rules, 2004.
IBBI clarification regarding uploading of judicial orders related to insolvency proceedings by Insolvency Professionals
As IPs have the first-time access and information of all the important judicial orders affecting the processes handled by them under the Insolvency and Bankruptcy Code, 2016 (Code), it has been decided that the IPs shall upload below mentioned judicial orders pertaining to their respective assignments on their dashboard. This would also ensure that the important judicial orders which have significant impact on the ongoing processes under the Code are available for facilitation of stakeholders in a timely manner.
BIS Revises Standards for Rolling Bearings, Surgical Implants and Water Testing
The Bureau of Indian Standards (BIS) has issued revised certain standards for Rolling Bearings, Surgical Implants and Water Testing. These notifications were published on May 7 & 9, 2024.
BIS Revises Standards for Dentistry, Ophthalmic Instruments and Medical Electrical Equipment
The Bureau of Indian Standards (BIS) has revised certain standards for Dentistry, Ophthalmic Instruments and Medical Electrical Equipment. These notifications were established on April 22, 2024 and published on May 7, 2024.
