NSE issues circular on excess STT collected by members
The National Stock Exchange (NSE) has issued another circular on excess Securities Transaction Tax (STT) collected by the members. ll the Members, Brokers/Sub-brokers are requested to furnish the details of such excess STT collected and retained with them for F.Y. 2020-21 and preceding years as of 31st March, 2020. These details shall be furnished directly to ‘NATIONAL STOCK EXCHANGE OF INDIA LTD’ under intimation to the office of the Vice-President of the NSE.
NSE notifies the Listing of SDLs on the capital market segment
The National Stock Exchange (NSE) has issued a notification regarding the Listing of State Development Loans (SDLs) on the capital market segment. The notification states that the list of securities shall be further admitted to dealings on the National Stock Exchange (Capital Market segment) and the designated security codes thereof shall be as specified. The notification shall come into effect from 30th January, 2023.
NSE extends timelines for Extranet Functionality
The National Stock Exchange (NSE) issued a notification enhancing the timelines in Extranet Functionality. Access to the Extranet for internet users via Internet FTP and usage of Guest login credentials was to be discontinued from 28th January, 2023. The deadline has now been extended till 18th February, 2023. This extension in timelines was granted based on the feedback from members.
ESIC extends medical benefits under MP Employees’ State Insurance (Medical Benefit) Rules, 1954 to Sehore, Shajapur, and Guna in Madhya Pradesh
The medical benefits under the HP Employees’ State Insurance (Medical Benefit) Rules, 1954 shall be provided to the families of insured persons in these areas.
ESIC extends medical benefits under Employees’ State Insurance (Medical Benefit) Rules, 1977 to Chamba, Kullu, Hamirpur, Kinnaur and Lahaul & Spiti in Himachal Pradesh
The medical benefits under the HP Employees’ State Insurance (Medical Benefit) Rules, 1955 shall be provided to the families of insured persons in these areas.
FSSAI warns against Misleading Ghee or Butter Products in the Market
The FSSAI has issued a notice warning that action must be taken against FBOs selling misleading ghee or butter products in the market. The FSSAI has reiterated that where a product is milk/ milk product/ composite milk product, an FBO cannot label it as a milk/ milk product/ composite milk product. The authority also emphasises that ghee/ butter cannot be claimed to be vegan foods and the use of vegan food claim and vegan logo are only permitted after the prior approval of FSSAI.
RBI publishes Discussion Paper on Securitisation of Stressed Assets Framework (SSAF)
The RBI has published a Discussion Paper on Securitisation of Stressed Assets Framework (SSAF). The discussion paper delineates the broad features of the proposed framework on securitisation of stressed assets (SSAF). Additionally, it solicits views/comments on critical issues of SSAF since securitisation of non-performing assets (NPAs) has features that distinguish it from the securitisation of standard assets. The paper also details 13 specific questions on which comments are solicited from the public. The last date to furnish these 28th February, 2023.
The Dept. of Chemicals & Petro-chemicals publicises the status of enforcement date of 33 QCOs
The Dept. of Chemicals and Petro-chemicals has published the status of enforcement date of 33 Quality Control Orders (QCOs) in respect of Chemical Tariff lines. Out of these 33 QCOs 22 have already come into force in 2022 and 10 are yet to come into force.
SEBI underlines the need for analysis and disclosure of risks of trading in F&O
The Securities and Exchange Board of India (SEBI) has issued a press release underlining the need for analysis and disclosure of risks of trading in the Futures and Options (F&O) segment. The press release pints out the SEBI has conducted an analysis of the trends in both participation and in profits and losses of individual traders in the equity F&O segment under the supervision of a working group.
Standard Operating Process under SEBI (PIT) Regulations, 2015 for ensuring compliance with Structured Digital Database (SDD)
The listed entities to whom the provisions of Regulation 24A of SEBI(LODR) Regulations, 2015 are applicable, the Secretarial Auditor of those entities shall also specifically confirm compliance with the requirement of SDD by the listed entities in its Annual Secretarial Audit Report.
