SEBI notifies timeline for declaration of first close of scheme of AIFs
The First Close of a scheme shall be declared not later than 12 months from the date of SEBI communication for taking the PPM of the scheme on record. In case of open ended schemes of Category III AIFs, the First Close shall refer to the close of their Initial Offer Period.
MeitY invites feedback on the draft ‘Digital Personal Data Protection Bill 2022’.
The Digital Personal Data Protection Bill frames out the rights and duties of the citizen (Digital Nagrik) on one hand and the obligations to use collected data lawfully of the Data Fiduciary on the other hand.
NPCI Introduces ‘BHIM App open source license model.
Presently, many banks do not have their own mobile banking app and are missing out on extending the benefits of the country’s largest retail payment system – UPI, to their customer base. NPCI intends to bridge this gap by extending all the readily available features of UPI to these entities through this BHIM App licensing model which will be an economical and quick-to-market solution for these entities.
The Named Flours Grading and Marking (Draft) Rules, 2022.
Each package shall contain named Flours of the same type and of the same grade designation and the package shall be properly and securely closed and sealed so as to disallow spilling.
Securities and Exchange Board of India (Alternative Investment Funds) (Fourth Amendment) Regulations, 2022
Managers of AIF shall ensure that the assets and liabilities of each scheme of an Alternative Investment Fund are segregated and ring-fenced from other schemes of the Alternative Investment Fund; and bank accounts and securities accounts of each scheme are segregated and ring-fenced.
DGFT circular regarding Relief in Average Export Obligation
FTP 2015-20 (extended up to 31.03.2023) provides relief to exporters of those sectors where total exports in that sector or product group have declined by more than 5% in the previous year i.e. in 2021-22 as compared 2020-21 would be entitled to such relief. The Regional Offices are requested to re-fix the Annual average export obligation for EPCG Authorizations for the year 2021-22 accordingly.
Clarification regarding implementation of Scheme(s) of Arrangement by entities who have listed their Non-convertible Debt securities(NCDs)/Non-convertible Redeemable Preference shares (NCRPS)
An entity that has listed only NCDs/ NCRPS, shall file the draft scheme of arrangement along with fees as specified in Clause 2 of Schedule XI of the Listing Regulations before stock exchange. In case an entity has listed both specified securities and NCDs/ NCRPS, a single filing of the draft scheme of arrangement would suffice.
Ministry of Power notifies amendments to the Guidelines for Tariff Based Competitive Bidding Process for Procurement of Power from Grid Connected RE Power Projects.
Through this amendment it has notified that the power purchase agreement (PPA) period influences the tariff by determining the period over which the investment is returned to the investor/RE Power Developer, the PPA period should normally be 25 (twenty-five) years from the Scheduled Commissioning Date (SCD).
Government of Madhya Pradesh notifies PESA Rules.
The Provisions of the Panchayats (Extension to the Scheduled Areas), Act 1996” (PESA), State Legislatures have been empowered to frame all laws concerning the extension of the provisions of Part IX of the Constitution relating to the Panchayats in Fifth Scheduled Areas, subject to such exceptions and modifications as are provided in section 4 of the Act.
Last date to submit applications (fresh/renewal) under National Means cum Merit Scholarship Scheme (NMMSS) FY 2022-23 extended to 30th November, 2022.
The National Means cum Merit Scholarship Scheme (NMMSS) is boarded on the National Scholarship Portal (NSP) – a one stop platform for scholarship schemes given to students.
