National Award to Teachers 2024
The Higher Education lnstitutions are requested to participate in this initiative. The nominations for this award need to be uploaded on the Rashtriya Puraskar portal i.e., https://www.awards.gov.in. The selected teachers will be felicitated by the Hon’ble President of lndia on 5th September, 2024 in New Delhi. The deadline for nomination for the award is 20th June, 2024.
SEBI’s New Directive on Direct Pay-out of Securities
The Securities and Exchange Board of India (SEBI) issued a circular aimed at improving the operational efficiency and reducing risks associated with the pay-out of securities in the Indian financial markets. This circular mandates the direct pay-out of securities to clients’ demat accounts, replacing the current system where securities are pooled by brokers before being credited to clients.
SEBI’s New Disclosure Guidelines for Foreign Portfolio Investors
While the new regulations promote transparency, they also impose additional compliance requirements on FPIs. The need to report Type I changes within a strict seven-day window necessitates robust internal monitoring and reporting mechanisms. FPIs will need to enhance their compliance frameworks to ensure timely and accurate disclosures.
SEBI draft circular on “Facility for Basic Services Demat Account (BSDA)”
The comments/ suggestions should be submitted latest by June 26, 2024.
SEBI (Foreign Portfolio Investors) (Amendment) Regulations, 2024
This move, encapsulated in the SEBI (Foreign Portfolio Investors) (Amendment) Regulations, 2024, aims to refine the regulatory landscape for FPIs operating in India. These changes are geared towards enhancing compliance, simplifying regulatory procedures, and ensuring a more streamlined process for foreign investors.
Master Circular for Bankers to an Issue
In respect of the registration applications pursuant to transfer of business (SEBI regulated business activity) from one legal entity, which is a SEBI registered Intermediary (transferor), to other legal entity (transferee), it is clarified that the transferee shall obtain fresh registration from SEBI in the same capacity before the transfer of business if it is not registered with SEBI in the same capacity.
CBIC directions for disbursal of Drawback amounts into the exporters’ accounts through PFMS
With effect from 5h June, 2024, payment of Drawback amounts into the exporters’ accounts post scroll out, will be facilitated through the Public Finance Management System (PFMS).
Guidelines for initiation of recovery proceedings before three months from the date of service of demand order
The guidelines provides that any amount payable by a taxable person in pursuance of an order passed under CGST Act shall be paid by such person within a period of three months from the date of service of such order failing which recovery proceedings shall be initiated.
Union Health Ministry reiterates the need for adhering to strict compliance of regulatory protocols and fire-safety norms in meeting with States/UTs and Healthcare Organizations
Union Health Ministry communicated to all States/UTs that temperatures escalate during the present summer months and hospital fires become a more significant threat, States/UTs are advised to conduct regular preventive fire risk assessment drills to identify potentially vulnerable areas.
FSSAI directs FBOs to remove claim of 100% Fruit Juices from the label and advertisement of fruit juices
All the FBOs have also been instructed to exhaust all existing pre-printed packaging materials before 1st September, 2024.
