RBI directs banks to complete transition away from the London Interbank Offered Rate
The Reserve Bank of India (RBI) has issued an advisory to banks and other RBI-regulated entities, emphasizing the need to take steps to ensure a complete transition away from the London Interbank Offered Rate (LIBOR) from July 01, 2023.
RBI launches ‘100 Days 100 Pays’ Campaign for Return of Unclaimed Deposits
This measure will complement the ongoing efforts and initiatives by the Reserve Bank to reduce the quantum of unclaimed deposits in the banking system and return such deposits to their rightful owners/ claimants.
SEBI along with BSE and NSE has established an Investor Service Center (ISC) at New Delhi
This Centre will facilitate resolution of complaints of investors against all listed corporate entities and other registered intermediaries in the securities market and also facilitate conducting of investor awareness programs in the entire Northern Region.
SEBI clarification regarding Investment in units of Mutual Funds in the name of minor through guardian
It is clarified that Payment for investment by any mode shall be accepted fromthe bank account of the minor, parent or legal guardian of the minor,or from a joint account of theminor with parent orlegal guardian. For existing folios, the AMCs shall insist upon a Change of Pay-out Bank mandate before redemption is processed.
Consultation paper on Delisting of Non-Convertible Debt Securities
The objective of this consultation paper is to seek comments/views/ suggestions from the public on the proposal for a mechanism for delisting of non-convertible debt securities.
Regulatory Framework for Micro, Small and Medium REITs
Fractional ownership of real estate assets is proposed to be brought as MSM REITs under SEBI (Real Estate Investment Trusts) Regulations, 2014.
TRAI issues directions to Access Providers to stop misuse of message templates under TCCCPR-2018
All the Telecom Service Providers have been directed to furnish compliance report of these directions within 45 days.
Advisory in connection with implementation of various aspects of AEBAS module
Issuance of guidelines regarding implementation of various aspects of AEBAS Module to resolve difficulty in marking attendance and subsequent issues.
MCA amends Company (Removal of names) Rules, 2016
Company shall not file an application for removal of names unless it has filed overdue financial statements and overdue annual returns.
Clarification regarding internship for foreign medical graduates
Students returned due to Russia Ukraine war is granted certificate of course completion and allowed to write FMG examination. Provision of 2 year internship is only applicable to FMG and they are required to complete course from their respective university in offline mode. Further the circular mentions about the domicile requirement, completion of internship, payment of stipend and about one time relaxation for FMG to complete internship.