SEBI streamlines the process of public issues and redressal of investor grievances.
SEBI notifies a new reporting format for capturing the data of all ASBA (Application Supported by Block Amount) applications unblocked by SCSBs (Self Certified Syndicate Banks) and their corresponding date of actual unblock. This new format has been put in place after reviewing the performance of SCSBs on timely unblocking of application amounts and feedback received from market intermediaries.
SEBI issues operational guidelines for Security and Covenant Monitoring using Distributed Ledger Technology .
In order to ensure the uniqueness of the assets of the issuer offered as security, appropriate validation/ duplicate checks based on parameters identified for each asset type have been put in place in the system. Also, debenture trustees, on a yearly basis, shall reconcile and eliminate duplicate entries for an asset in the system.
DCI directs counselling authorities to issue allotment number & date for students at each round of Counselling.
DCI had earlier directed all the college authorities of dental colleges to upload the complete details of students admitted in UG/PG Courses at their dental institutions for each academic session, on DCI Website. While uploading the students’ details “allotment letter number and date” are mandatory fields, but it has come in the notice of DCI that “allotment letter number and date” are not being issued by counselling authorities of some states.
Labour Ministry extends the public utility service status for aluminum segment services.
The services in industry Manufacturing of Alumina and Aluminium’ and ‘Mining of Bauxite’ which is covered by item 30 and 31 of the First Schedule to the Industrial Disputes Act, 1947 (14 of 1947) have been declared earlier be a Public Utility Service for a further period of six months from 16th October 2021, which has now been further extended for another six months with effect from 16th April 2022.
Environment Impact Assessment Notification amended to clarify approval process for integrated mining projects
The amendment provides that mining projects shall continue to be considered at Central level or State level, as the case may be, as per the extant threshold for mining projects.
Indian Institutes of Management (Amendment) Rules, 2022
The amendment provides for revision of retirement age for Director of the Institute from sixty five years to seventy years. It also removes the age requirement for applying for the post of director of institute.
Indian Nursing Council Revised Regulations and Curriculum for B.Sc. (Nursing) Program – Corrigendum, Regulations, 2022
The amendment also provides revised curriculum and examination process for B.Sc. Nursing courses.
Parliament amends the Chartered Accountants Act, 1949, the Cost and Works Accountants Act, 1959 and the Company Secretaries Act, 1980.
The amendment provides for constitution of a Coordination Committee consisting of the President, Vice-President and the Secretary of the Council of each of the Institutes of Chartered Accountants of India, the Cost Accountants of India and the Company Secretaries of India for the development and harmonization of the professions of Chartered Accountants, Cost Accountants and Company Secretaries.
Draft Central Motor Vehicles (Amendment) Rules, 2022
The Objections and suggestions to these draft rules, if any, may be sent through email: comments-morth@gov.in; within 30 days of notification.
RBI notifies Large Exposure Framework (LEF) for NBFCs in the Upper Layer.
An upper-layer NBFC must not have an exposure higher than 20 percent of its capital base to any entity, and its board can approve an additional 5 percent exposure limit to take it to 25 percent.