SEBI Master Circular for Foreign Venture Capital Investors (FVCIs)
Applicants desirous of registering with SEBI as FVCI shall obtain firm commitment from their investors for contribution of an amount of at least USD 1 million at the time of submission of applications seeking registration as FVCI. The online system can be used for application for registration, reporting and filing under the provisions of FVCI Regulations.
DPIIT publishes Annual Report 2022-2023
Some of the aspects highlighted in the report are PM Gatishakti National Master Plan (NMP) for Multimodal Connectivity, Regulatory Reforms- Creating Ease for Doing Business, Startup India, Investment Promotion and International Co-operation, etc
Scheme for Capacity Building in Textiles Sector shall be operational till March 2024
Samarth aims to incentivize and supplement the efforts of the industry in creating jobs in the organized textile and related sectors, covering the entire value chain of textiles, excluding Spinning and Weaving.
RBI announces Change of date of reversal for operations under LTRO and TLTRO
The dates of reversal of LTRO and TLTRO have been modified to March 08, 2023 (Wednesday) and April 10, 2023 (Monday) respectively.
NSE clarifies on the applicability of Surveillance Measures for Companies with High Encumbrance
From 8th March, 2023, on all open positions as on 6th March 2023 and new positions created from 8th March, 2023, the securities specified in Annexure I must satisfy the criteria for inclusion under Surveillance Measures and shall attract minimum 35% margin in equity and equity derivatives segment.
NSE notifies Measures for Companies with High Promoter and Non-Promoter Encumbrance
From 6th March, 2023, on all open positions as on 3rd March 2023 and new positions created from 6th March, 2023, the securities specified in Annexure I must satisfy the criteria for inclusion under Measures and shall attract minimum 75% margin in equity and equity derivatives segment.
Kerala labor department reschedules work timings considering summer heat
The Kerala labor department has rescheduled the working time for laborers. The work time will be eight hours from 7 am to 7 pm. The new timing for laborers working outside will be in effect from March 2 to April 30. The decision was taken to prevent sunstroke during summer. The businesses were asked to reschedule their timings so […]
New rate of exchange for conversion of foreign currencies into Indian currency or vice versa for import and export of goods
The revised rates shall have effect from 3rd March, 2023.
IFSCA Clarifications in relation to Family Investment Funds
A FIF shall not seek money from individuals or entities outside of the single family. However, a FIF may share economic interest with its employees, directors, FME or other persons providing services to the FIF, as per its internal policy to reward the persons providing services to the FIF or to align the interest of such persons with those of the FIF.
CBDT clarifications regarding Nature of IBBI
IBBI shall not engage in any commercial activity.
