Consultation paper on Maintenance of Record of Mandatory Communication by Regulated Entities
It is proposed that the regulated entities maybe mandated to maintain the record of all such communication, which are mandated to be communicated under the respective governing regulations and the circulars issued thereunder and make such records available to SEBI upon being required to furnish such records.
Consultation Paper on provisions pertaining to appointment of Public Interest Directors
The suggestion relating to the appointment process aims to achieve better shareholder participation in the appointment process of PIDs. For improving ease of doing business for PIDs, the proposals include easing documentation requirement when being considered for PID appointment, allowing payment of fixed stipend to PIDs in addition to sitting fees, and reducing cooling off period for appointment of PIDs.
SEBI proposes review of Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992
It is proposed that merchant bankers, other than Banks, Public Financial Institution and their subsidiaries, shall undertake only those activities, which are related to securities market and come under the jurisdiction of SEBI (permitted activities).
DoT notifies ‘Telecommunications (Administration of Digital Bharat Nidhi) Rules, 2024’
DoT has notified ‘Telecommunications (Administration of Digital Bharat Nidhi) Rules, 2024’. The rules provide for powers and functions of administrator, who will be responsible for overseeing the implementation and administration of the Digital Bharat Nidhi. The rules also provide for criteria for undertaking schemes and projects under Digital Bharat Nidhi and selection process for implementers.
RBI cautions against Fraudulent Activities in its name
RBI has directed to not share account login details, personal information, copies of KYC documents, card information, PIN, password, OTP, etc. with unidentified persons or agencies. Further, such details should not be shared through unverified/unauthorised websites or applications.
Scheme for Trading and Settlement of Sovereign Green Bonds in the IFSC
Investors can participate in the primary auctions of securities undertaken by the Reserve Bank and transact in the secondary market for securities in the IFSC, as per the terms and conditions defined in the Scheme.
