Extension of timeline for implementation of the Circular titled “Complaint Handling and Grievance Redressal by Regulated Entities in the IFSC”
It has been decided that the said Circular shall now come into force with effect from April 01, 2025. The Regulated Entities are therefore directed to ensure the implementation of the Circular w.e.f. April 01, 2025, without fail.
IFSCA cautions the public on phishing attempts impersonating IFSCA employees
The rise in phishing attempts impersonating IFSCA employees serves as a timely reminder of the importance of cybersecurity vigilance. Whether you are an individual, a regulated entity, or part of the broader financial services community, staying informed and adopting robust security practices is critical. The IFSCA’s proactive approach in cautioning the public reinforces its commitment to safeguarding the integrity of the financial ecosystem within the IFSCs.
IFSCA Consultation Paper on SPV Framework for Co-Investment and Leverage Transactions
This initiative aims to streamline co-investment and leverage transactions within International Financial Services Centres (IFSCs). By operationalizing the SPV model, the IFSCA seeks to bolster alternative investment avenues, enhance transparency, and foster ease of doing business in the region.
CBIC mandates that the grounds of arrest shall be informed through an arrest memo to every accused arrested by GST authorities
The grounds of arrest informed in writing must convey to the arrested accused all basic facts on which he was being arrested so as to provide him an opportunity of defending himself against custodial remand and to seek bail.
Kerala Pollution Board Updates Industry Categorization for Consent Applications
The update adds 309 new industries to the categorization list, including Gamma Sterilization Units (White category) and Automobile workshops with limited horsepower (Green category, with specific pollution control requirements). Based on industry feedback and a pollution monitoring study, the PCB has reclassified gate and grill manufacturing units.
