Improper Maintenance of SDD: Dos & Don’ts for Compliance
Maintaining Structured Digital Databases (SDDs) is a critical, and a mandatory requirement under SEBI’s Regulations 3(5) and 3(6) of the PIT Regulations. These regulations ensure the accurate tracking of Unpublished Sensitive Information (UPSI) to monitor and prevent insider trading. Failing to maintain proper SDDs can lead to severe legal, financial, and operational consequences. This article provides a comprehensive guide on the dos and don’ts for maintaining SDDs, highlighting key points that constitute improper maintenance and offering practical advice to ensure compliance.
Common and Uncommon Questions Faced by NBFCs in SDD Maintenance
Structured Digital Databases (SDDs) have become integral to the operations of financial institutions, including Non-Banking Financial Companies (NBFCs). These institutions face unique challenges and requirements when it comes to maintaining their SDDs, driven by the distinct nature of their activities and regulatory environments.
FAQs Faced by Merchant Bankers in SDD Maintenance
Structured Digital Databases (SDDs) have become integral to the operations of financial institutions, including merchant bankers and Non-Banking Financial Companies (NBFCs). These institutions face unique challenges and requirements when it comes to maintaining their SDDs, driven by the distinct nature of their activities and regulatory environments.
New Regulations for Consumer Grievances Redressal in Goa and UTs
The Joint Electricity Regulatory Commission (JERC) has announced the Consumer Grievances Redressal Forum and Ombudsman Regulations, 2024, which supersedes the 2019 regulations. Under these new guidelines, every distribution licensee must establish a grievance redressal forum within six months of receiving their license.
Enhancing Karnataka’s Energy Distribution: Smart Module Integration for Digital Meters
The Karnataka Electricity Regulatory Commission (KERC) has introduced guidelines to upgrade existing digital/static energy meters with smart modules, optimizing their functionality and extending their usefulness.
Recent Amendments to the Employees’ Pension Scheme, 2024
The Ministry of Labour and Employment has released notifications dated 14th June 2024, which announce the revised rates of damages applicable to employer defaults under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952.
Delhi GST Second Amendment Act: Important Dates for Compliance
The Finance (Expenditure-I) Department of Delhi has issued a notification regarding the enforcement of provisions under the Delhi Goods and Services Tax (Second Amendment) Act, 2024 (01 of 2024). As per the directive issued on August 28, 2024, by the Lieutenant Governor of the National Capital Territory of Delhi.
Amendments in Delhi GST Notification: Inclusion of Indian Railways
On August 28, 2024, the Finance (Expenditure-I) Department of Delhi issued an important notification bringing crucial amendments to the original state tax provisions, dated June 30, 2017. Exercising powers under the Delhi Goods and Services Tax Act, 2017, the Lieutenant Governor of Delhi, following the Council’s advice, has introduced these changes.
Revised Dearness Allowance for Security Guards in Maharashtra
Effective from July 1, 2024, the Labor Commissioner, Mumbai, has mandated an updated dearness allowance (DA) for security guards across Maharashtra, including Kolhapur and Chhatrapati Sambhajinagar districts.
Legal and Administrative Changes in Goa: August 2024
This document contains various official notifications and orders issued by different departments of the Government of Goa, published in the Official Gazette, Series I No. 21, dated 22nd August 2024.
