BSE notifies TM’s/ CM’s Handling of Client’s Securities and the certain Procedures
Indian Clearing Corporation Ltd (ICCL) Members are requested to take note of the contents of the relevant SEBI circulars. In case of any clarifications, members may contact their respective Relationship Managers or the contacts-mentioned in the present notification.
SEBI extends timelines for entering & verification of details of existing outstanding non-convertible securities in ‘Security and Covenant Monitoring’ system
Issuers must ensure that the details of existing outstanding non-convertible securities are entered into the system on or before 31st January 31, 2023. The DTs shall verify these entries by 28th February, 2023. The DTs shall also submit a fortnightly progress report of compliance status regarding the details pertaining to existing outstanding non-convertible securities being entered into the system by the issuers and verification of the same, till the extension of the timeline for compliance is in place.
DoT formulates the Indian Telegraph (Infrastructure Safety) Rules 2022
The Central government has envisioned fulfilling the communication needs of the citizens and enterprises through establishment of a resilient, secure, accessible and affordable Digital Communications Infrastructure and Services. The Press Information Bureau has publicised these Rules by its bulletin dated 6th January, 2023. In order to address the issues of safety to the existing telecom infrastructure, the Government has formulated the Indian Telegraph (Infrastructure Safety) Rules, 2022 published in the Gazette of India on 3rd January, 2023.
SEBI extends management and advisory services by AMCs to Foreign Portfolio Investors
AMCs may also provide management and advisory services to FPIs operating from IFSC and regulated by IFSCA, not falling under the specified categories of FPIs.
Consultation paper on a standardized approach to the valuation of the investment portfolio of AIFs
The paper proposes that AIFs shall be mandated to carry out valuation of their investment portfolio as per IPEV Guidelines. The valuation norms for Mutual Funds shall also be specified for valuation of investment portfolio of AIFs.
SEBI direction for enforcement of Operational guidelines for ‘Security and Covenant Monitoring’ using Distributed Ledger Technology (DLT)
Depositories shall ensure periodic monitoring regarding compliance with the requirements under “Operational guidelines for ‘Security and Covenant Monitoring’ using Distributed Ledger Technology (DLT)” from time to time. Any instances of non-compliance, shall be brought to the notice of SEBI on a quarterly basis, not later than one month from the end of the quarter.
NEST organizes “4 days Capacity Building Workshop” for EMRS faculty members on the Nutrition & Mental Wellbeing of tribal students
The first batch of the training program was launched in Bhubaneshwar, Odisha and will comprise of 4 days, i.e. till 6th January 2023. The training covers topics of nutrition, mental health, and general well-being of tribal school children. This training will enable the principals and teachers to learn about the pertinent physical and mental health topics in the context of the tribal ecosystem and shall help them in replicating the outcomes in their respective tribal schools.
CBIC determines rate of exchange of conversion of the foreign currencies relating to imported and exported goods
The Central Board of Indirect Taxes and Customs has determined the rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa. The notified rates of exchange shall will come into effect from 6th January, 2023. This rate of exchange of conversion of the foreign currencies relates to imported and exported goods.
SEBI notifies Relaxations from Compliance with certain provisions of the SEBI (LODR) Regulations, 2015
The notification provides for relaxation for companies for conducting Extraordinary General Meetings (EGM) through Video Conferencing (VC) or through other audio-visual means (OAVM). It has also dispensed with certain requirements for listed entities who conduct their AGMs.
CBIC amends its notification Appointment of Customs Airports for specified purposes
The Central Board of Indirect Taxes and Customs (CBIC) published a notification further amending the appointment of customs airports for specified purposes. This present notification was issued on 4th January, 2023. The Central Government has now appointed the airport at Agartala, situated in the State of Tripura, to be Customs airports for the purpose of loading and unloading of baggage.
