SEBI Consultation paper on expanding the scope of Sustainable Finance framework in the Indian securities market
It is proposed for introduction of framework for Social Bonds, Sustainable Bonds and Sustainability linked bonds(which together with Green Debt Securities are termed ESG Debt Securities) to expand the sustainable finance in the Indian Securities Market.
Consultation paper on measures towards Ease of Doing Business and streamlining compliance requirements for Non-Convertible securities for review of LODR Regulations
It is proposed to modify regulation 52(2)(b) of the LODR Regulation as follows: The quarterly financial results submitted shall be approved by the board of directors. Further, the financial results submitted to the stock exchange shall be signed by the chairperson or managing director, or a whole time director or in the absence of all of them; it shall be signed by any other director of the listed entity who is duly authorized by the board of directors to sign the financial results.
Introduction of Liquidity Window facility for investors in debt securities through Stock Exchange mechanism
The introduction of a Liquidity Window facility framework seeks for inclusion of put options exercisable on pre-specified dates or intervals. This framework is expected to offer greater flexibility and liquidity to investors while balancing the issuer’s discretion and risk management considerations.
RBI reviews Master Direction – Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017
It has been observed that some of these platforms have adopted certain practices which are violative of the said Directions. Such practices include, among others, violation of the prescribed funds transfer mechanism, promoting peer to peer lending as an investment product with features like tenure linked assured minimum returns, providing liquidity options and at times acting like deposit takers and lenders instead of being a platform. Such violations, when observed, have been dealt with bilaterally by the Reserve Bank of India for remediation. It has been decided to elaborate and clarify certain provisions with some modifications for proper implementation of the Directions.
Framework for recognition of SROs in Financial Markets
Interested entities seeking recognition as an SRO in financial markets may submit their application through email or to the Chief General Manager, Financial Markets Regulation Department, Reserve Bank of India, Central Office, 9th Floor, Shahid Bhagat Singh Marg, Mumbai – 400 001.
New Cotton Bales (Quality Control) Amendment Order 2023
This new directive represents a significant shift in the implementation timeline for quality control standards applied to cotton bales, impacting stakeholders across the textile industry.
New Nationwide Digital Life Certificate Campaign 3.0
The DLC Campaign 3.0 is an ambitious nationwide initiative designed to facilitate the digital submission of life certificates by pensioners.
New Update to Bihar VAT Rules
The amendment focuses on simplifying the reporting obligations for retail outlets that sell motor spirit (petrol) or high-speed diesel oil.
New Inspector-cum-Facilitator Manual Launched by Ministry of Labour & Employment
The Ministry of Labour & Employment, Government of India, has unveiled the updated Inspector-cum-Facilitator (ICF) Manual on August 14, 2024. This manual, a modernized version of the 1968 Inspector Manual, reflects extensive consultations and contributions from field offices and stakeholders.
Extension of APAR Submission Timelines for 2022-2023
The Employees Provident Fund Organization (EPFO) has announced revised deadlines for the Annual Performance Assessment Report (APAR) for 2022-2023. As per the updated schedule, APARs will be disclosed to officers on August 16, 2024.
