NMC Issues Notice Regarding Hostel Accommodation for Post-graduate Medical Students
The public notice issued by NMC serves as a directive to medical colleges and institutions to ensure compliance with the regulations concerning hostel accommodation for post-graduate medical students under the PGMER 2023.
Jammu and Kashmir Local Bodies Laws (Amendment) Bill, 2024
The Jammu and Kashmir Local Bodies Laws (Amendment) Bill, 2024, seeks to amend the existing local bodies laws in Jammu and Kashmir to align with constitutional provisions, particularly with regards to the reservation of seats for Other Backward Classes in Panchayats and Municipalities.
DPIIT holds consultation with representatives of Indian Cement Industry on CIS portal for collection of cement production data
Cement production data is used by government for policy decisions and for calculating the index of industrial production. The representatives of cement industry assured DPIIT that the cement production data will be provided regularly and agreed that the accurate and authentic production data of the cement industry will be beneficial for all. The industry representatives also assured that remaining plants will be onboarded on CIS portal by 31st March 2024.
Review of Fixed Remuneration granted to Non-Executive Directors of private banks
Considering the crucial role of NEDs in efficient functioning of bank Boards and its various Committees and in order to further enable the banks to sufficiently attract qualified competent individuals on their Boards, it has been decided to revise the ceiling to ₹30 lakh per annum.
RBI Statement on Developmental and Regulatory Policies
In conclusion, the Statement on Developmental and Regulatory Policies reflects the RBI’s proactive approach towards fostering a resilient, inclusive, and innovative financial ecosystem. By prioritizing transparency, consumer protection, and technological innovation, these policy measures aim to bolster confidence, enhance efficiency, and unlock new opportunities in India’s financial markets. As stakeholders adapt to these evolving regulatory dynamics, collaboration and agility will be key in navigating the complexities of today’s financial landscape.
RBI relaxes restrictions for participation of Indian Banks on India International Bullion Exchange IFSC Limited (IIBX)
RBI has allowed Branch/subsidiary/joint venture of an Indian bank in GIFT-IFSC to act as a Trading Member (TM)/Trading and Clearing Member (TCM) of IIBX, and Indian banks authorized to import gold/silver to act as Special Category Client1 (SCC) of IIBX.
MCA directions for filing form INC-28 for restoration of struck off company
Stakeholders may file INC-28 with section 252(2) along with NCLT order and proof of cost/fee [if levied] for restoration.
MCA has issued relaxation of additional fees and extension of last date of filing of Form No. LLP BEN-2 and LLP Form No. 4D
In view of transition of MCA-21 from version-2 to version-3 and to promote compliance on part of reporting Limited Liability Partnerships, it is informed that such LLPs may file Form LLP BEN-2 and LLP Form No. 4D, without payment of any additional fees, up to 15.05.2024. The two forms shall be made available in version-3 for filing purposes w.e.f 15.04.2024.
NSE Guidelines in pursuance of amendment to SEBI KYC (Know Your client) Registration Agency (KRA) Regulations, 2011
NSE has issued the Guidelines in pursuance of amendment to SEBI KYC (Know Your client) Registration Agency (KRA) Regulations, 2011. It is clarified that the clients whose KYC are not found to be validated by KRAs or clients with KYCs which are “On Hold” for any reasons (both AADHAAR and Non-AADHAAR based) uploaded from September 01, 2023 to January 31, 2024 shall neither be Permitted to trade on the Exchange, nor will they be able to square up their open positions, if any, w.e.f. February 17, 2024.
The Central Board Trustees of EPF recommends 8.25 % rate of interest to EPF subscribers for FY2023-24
The Board has recommended a distribution of historic income amount of Rs. 1,07,000 crores to EPF members’ accounts on a total principal amount of about Rs. 13 lakh crores, which was Rs. 91,151.66 crores and Rs. 11.02 lakh crores in the financial year 2022-23, respectively.
