MITRA platform: A searchable database of mutual fund folios
MITRA is a service platform designed to provide a searchable database of inactive and unclaimed mutual fund folios across the industry. With this platform, investors can now easily trace investments they may have forgotten about or investments made on their behalf, helping reduce the number of unclaimed investments and bringing more transparency to the financial ecosystem.
Restriction on advance fees: SEBI proposal for investment advisors
The objective is to seek comments from public on proposal to reconsider the period for advance fees, which the Investment Advisers (IAs) and Research Analysts (RAs) are currently able to charge their clients, and to consider advance fee period up to one year.
Government Extends PM-AASHA Scheme, Procures Soyabean and Groundnut to Support Farmers
The Indian government has approved the continuation of the integrated Pradhan Mantri Annadata Aay SanraksHan Abhiyan (PM-AASHA) Scheme until 2025-26. For Kharif 2024-25, the government approved soyabean procurement under PSS in Chhattisgarh, Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, and Telangana. Groundnut procurement under PSS was approved for Kharif 2024-25 in Andhra Pradesh, Chhattisgarh, Gujarat, Haryana, Karnataka, Rajasthan, and Uttar Pradesh.
Government Revises Market Intervention Scheme (MIS) Guidelines
The government has revamped the Market Intervention Scheme (MIS), a component of the PM-AASHA scheme, to provide stronger support to farmers facing price volatility for perishable agricultural and horticultural commodities.
New framework on Margin Obligations: A Step Toward Secure and Efficient Trading
In a bid to address operational inefficiencies and safeguard client securities, the Securities and Exchange Board of India (SEBI) has proposed a new set of guidelines regarding the pledge and re-pledge of securities in the depository system. This draft circular, which invites public comments, seeks to improve the mechanisms for margin obligations and enhance the security and ease of compliance for brokers and clients alike.
Small and Medium Pharma Companies Get Schedule M Deadline Extension
The Ministry has granted the extension with a condition: small and medium manufacturers must submit their upgradation plan (Form A) to the Central License Approving Authority within three months from February 11, 2025. Those who meet this requirement will have until December 31, 2025, to fully implement the revised Schedule M.
Credit line through UPI: New facility from SCB
Under this facility, payments through a pre-sanctioned credit line issued by a Scheduled Commercial Bank to individuals, with prior consent of the individual customer, are enabled for transactions using the UPI System. Banks may, as per their Board approved policy, stipulate terms and conditions of use of such credit lines. The terms may include, among other items, credit limit, period of credit, rate of interest, etc.
Companies (Prospectus and Allotment of Securities) Amendment Rules, 2025
As per the amendment, MCA has extended the mandatory DEMAT requirement for Private Companies till 30th June 2025.
Government Intervenes to Stabilize Tomato Prices, Transports Surplus to Consuming States
Faced with a sharp decline in tomato prices in major producing states like Madhya Pradesh and Maharashtra, the Indian government has activated the transportation component of its Market Intervention Scheme (MIS). This intervention aims to support farmers by facilitating the movement of surplus tomatoes to consuming states where prices are higher.
Industry standards Fora: New programme for implementing SEBI regulations
This initiative aims to streamline the implementation of SEBI’s regulatory directions across a range of entities, such as Market Infrastructure Institutions (MIIs), mutual funds, listed companies, intermediaries, and investment advisors. By providing a structured and standardized approach to compliance, this system is designed to simplify processes for industry participants and ensure that regulatory directions are followed effectively.
