New Compensation Regulations for Electrical Accidents in Delhi
The Delhi Electricity Regulatory Commission has officially introduced the Delhi Electricity Regulatory Commission (Compensation to Victims of Electrical Accidents) Regulations, 2024.
Update to Trade Union Recognition Regulations in Kerala
The Government of Kerala has exercised its authority under the Kerala Recognition of Trade Unions Act, 2010, to revise the Kerala Recognition of Trade Unions Rules, 2011.
SEBI Master Direction on Treatment of Wilful Defaulters and Large Defaulters
This directive plays a crucial role in maintaining the integrity of the financial system by outlining the measures and consequences for those borrowers who deliberately default on their financial obligations. The Master Direction was released for comments from stakeholders and members of the public in September 2023.
Master Directions on Cyber Resilience and Digital Payment Security Controls for non-bank Payment System Operators
It has been decided to issue the final Directions, covering robust governance mechanisms for identification, assessment, monitoring and management of these risks. The Directions also cover baseline security measures for ensuring system resiliency as well as safe and secure digital payment transactions. However, they shall endeavour to migrate to latest security standards. The existing instructions on security and risk mitigation measures for payments done using cards, Prepaid Payment Instruments (PPIs) and mobile banking continue to be applicable as hitherto.
SEBI Consultation Paper on Measures to strengthen index derivatives framework for increased Investor protection and Market stability
Given the changing market dynamics in equity derivatives segment in recent years with increased retail participation, offering of short tenure index options contracts and heightened speculative trading volumes in index derivatives on expiry date, this consultation paper seeks to introduce measures to enhance investor protection and promote market stability in derivative markets, while ensuring sustained capital formation.
Consultation paper on proposal to improve ease of doing business with respect to the additional disclosure framework for large FPIs
To improve ease of doing business, rather than requiring disclosure of all investors/stakeholders, it is proposed to require disclosures of an appropriate majority of settlers holds for disclosure for identification and categorization of an FPI as an LBC or non-LBC entity.
SEBI allows University Funds and University related Endowments to be registered as Category I FPI
It has been decided that University Funds and University related Endowments shall not be required to make the additional disclosures.
New Deadline for Breath Analyzer Rules Feedback
On July 29th 2024, The Ministry of Consumer Affairs, Food and Public Distribution (MoCAF&PD) has extended the deadline for stakeholders to submit their comments on the Draft Rules for Breath Analyzers. This extension provides additional time for interested parties to review and offer feedback on the proposed regulations
New Updates in the Kerala Revenue Recovery (Amendment) Act, 2024
On July 26, 2024, the Government of Kerala notified the Kerala Revenue Recovery (Amendment) Act, 2024, introducing significant updates to the existing Kerala Revenue Recovery Act, 1968. These amendments aim to streamline processes and introduce new provisions for better management and recovery of revenue
New Clarification on ITC and RCM Invoicing for Unregistered Suppliers
This notification provides essential clarity on the time limits and procedures for availing ITC on supplies from unregistered persons under the RCM in Uttar Pradesh. Registered persons must adhere to these guidelines to ensure compliance with the UPGST Act and avoid potential penalties.
