The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2022.
As per regulation 17(1C) the listed entity shall ensure that approval of shareholders for appointment of a person on the Board of Director is taken at the next general meeting or within a time period of three months from the date of appointment, whichever is earlier”
Ministry of Heavy Industries publishes phase-II on the scheme for Enhancement of Competitiveness of the Capital Goods Sector.
Six technology Innovation Platforms have been created under Phase I. The objective of six platforms is to provide an eco-system that encourages interactions of all the relevant stakeholders by crowd sourcing in an open and collaborative framework for facilitating Startups and angel funding of innovation, research and development of mother manufacturing technologies‘ indigenously relating to the capital goods and auto sectors.
The Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2022.
As per regulation 50(1A) The financial statements and accounts of the mutual fund schemes shall be prepared in accordance with Indian Accounting Standards (IND AS) and any addendum thereto, as notified by the Companies (Indian Accounting Standards) Rules, 2015, as amended from time to time:
Provided that in case there is any conflict between the requirements of IND AS and these regulations and guidelines issued thereunder, the asset management companies shall follow the requirements specified under these regulations.
SEBI issues circular on issuance of Securities in dematerialized form in case of Investor Service Requests.
Securities holder/claimant shall submit duly filled up Form ISR-4. The RTA/Issuer Companies shall obtain the original securities certificate(s) for processing of service requests.
The Food Safety and Standards (Packaging) First Amendment Regulations, 2022.
Plastic materials used for the manufacturing of containers for packing or storing the food products shall conform to either of the Indian Standards specifications as provided in Schedule – III.
The Securities and Exchange Board of India (Alternative Investment Funds) (Amendment) Regulations, 2022.
As per the amendment, a new chapter III-B has been notified on Special Situation Funds which shall be applicable to special situation funds and schemes launched by such special situation funds.
Ministry Of Consumer Affairs Withdraws Direct Selling Guidelines 2016.
As per the new rule, direct selling companies have to register themselves under relevant Indian laws and also with the Department for Promotion of Industry and Internal Trade (DPIIT) for allotment of a registration number.
DGFT extends the Date for Mandatory Electronic Filing of Non-Preferential CoO through Common Digital Platform.
Exporters and Issuing Agencies already onboarded are advised to make maximum use of the e-CoO platform for process familiarisation and ease of operations. The issuing agencies are also advised to issue suitable advisories to the members/exporters to register and familiarise with the e-CoO platform before the stated timelines.
Securities and Exchange Board of India (Credit Rating Agencies) (Amendment) Regulations, 2022.
Nothing contained in these regulations shall preclude a credit rating agency from rating of financial instruments under the respective guidelines of a financial sector regulator or any authority as may be specified by the Board.
Government of Tamil Nadu issues notification under TN Value Added Tax Appellate Tribunal Regulations 2011.
As per the amendment in regulation 6(2)which deals with presentation of appeal, in which all appeals arising from the districts of Madurai, Theni, Dindigul, Ramanathapuram, Sivagangai, Thirunelveli, Virudhunagar, Thoothukkudi and Kanyakumari shall be presented to the Secretary at Madurai.
