SEBI Consultation paper on “Procedure for seeking waiver or reduction of interest in respect of recovery proceedings initiated for failure to pay penalty
Public comments are invited on the above “Procedure for seeking waiver or reduction of interest in respect of recovery proceedings initiated for failure to pay penalty”. The comments/ suggestions should be submitted by latest by December 02, 2024, through the online web-based form.
SEBI has issued a procedure for reclassification of FPI investment to FDI
In case the investment made by a Foreign Portfolio Investor (along with its investor group) reaches 10% or more of the total paid up equity capital of a company on a fully diluted basis and the FPI (along with its investor group) intends to reclassify its FPI holdings as Foreign Direct Investment (FDI), it shall follow extant FEMA Rules and circulars issued thereunder in this regard.
SEBI Clarification regarding trading supported by Blocked Amount in Secondary Market
In addition to the current mode of trading, the Qualified Stock Brokers (QSBs) shall provide either the facility of trading supported by blocked amount in the secondary market (cash segment) using UPI block mechanism or the 3-in-1 Trading Account facility, to their clients.
Operational framework for reclassification of Foreign Portfolio Investment to Foreign Direct Investment (FDI) under Foreign Exchange Management (Non-debt Instruments) Rules, 2019
In consultation with the Government of India and SEBI, the Reserve Bank of India has finalised an operational framework for reclassification of Foreign Portfolio Investment made by Foreign Portfolio Investors (FPI) to Foreign Direct Investment (FDI) under Foreign Exchange Management (Non-debt Instruments) Rules, 2019 in case of any breach of the investment limit by the FPIs concerned.
Extension of the last date to receive comments/ counter-comments on the TRAI’s Consultation Paper on the Terms and Conditions of Network Authorisations to be Granted Under the Telecommunications Act, 2023
Keeping in view the requests of some of the stakeholders for an extension of time for submission of comments, it has been decided to extend the last dates for submission of written comments and counter-comments up to 19.11.2024 and 26.11.2024 respectively.
New Guidelines Issued to Enhance Power System Operations
These guidelines aim to ensure that LDCs are staffed with sufficient skilled personnel to handle the increasing complexity of power system operations. They provide a framework for determining the optimal number of staff required, their qualifications, and training needs.
