SEBI Circular on Revise and Revamp Nomination Facilities in the Indian Securities Market
On January 10, 2025, SEBI released a circular detailing a revised and revamped framework for nomination facilities in demat accounts and mutual fund (MF) folios. This update addresses critical gaps, aims to prevent unclaimed assets, and provides a streamlined process for asset transmission.
SEBI revises Procedure for seeking waiver or reduction of interest in respect of recovery proceedings initiated for failure to pay penalty
SEBI has delegated the power to waive or reduce the interest levied only in respect of recovery proceedings initiated for failure to pay penalty, to the Competent Authority
IRDAI’s Progressive Regulatory Framework
These amendments align with IRDAI’s broader goals of transitioning toward a modern, principle-based regulatory framework. They aim to streamline the conduct of meetings, enhance participation, and promote effective decision-making processes across advisory committees.
AI Touch Receives Grant to Develop AI-Driven 5G RAN Platform with RIC (RAN Intelligent Controller), SMO (Service Management and Orchestration), and NWDAF (Network Data Analytics Function)
AI Touch will develop components for disaggregated 5G RAN (Radio Access Network) including RAN Intelligent Controller (RIC), Service Management and Orchestration (SMO), and Network Data Analytics Function (NWDAF) modules.
WEP of NITI Aayog Partners With India’s Largest Convenience Retail Chain New Shop to Empower Women Retail Business Owners
EmpowHER Biz will offer mentorship and comprehensive training, covering retail management, digital tools, financial literacy and business development to aspiring women entrepreneurs. Through this collaboration with New Shop, WEP aims to create a robust retail ecosystem that empowers women entrepreneurs and drives sustainable growth in the sector.
CBIC waiving interest, penalties, or both for specific tax demands
Taxpayers must submit electronic applications on the common portal within three months from the notified date or six months for redetermined cases. Each notice or order requires a separate application.
Framework for Special Purpose Vehicle (SPV) for Co-Investment and Leverage Transactions
The International Financial Services Centres Authority (IFSCA) has introduced a consultation paper to operationalize a structured framework for Special Purpose Vehicles (SPVs) under the IFSCA (Fund Management) Regulations, 2022. This initiative aims to enhance the ease of doing business and foster the growth of the alternative investment industry within International Financial Services Centres (IFSCs).
Income Tax Department sets up 24×7 Control Room with Toll Free Number to vigil on movement of unaccounted cash, bullion & other valuables to ensure clean and fair Delhi Legislative Assembly Elections, 2025
The Directorate has opened a 24X7 Control Room at Civic Centre, New Delhi, and has also issued a Toll-free Number where any person can communicate with and give any information to the Income Tax Department regarding suspicious movement/distribution of cash, bullion, precious metals etc within the NCT of Delhi, in connection with the Delhi Legislative Assembly Elections, 2025.
Grievance Appellate Committee workshop organised by MeitY
The GAC operates digitally through its dedicated web portal (https://gac.gov.in), enabling users to File appeals online, track its status, and Receive timely updates on their grievances. The platform ensures seamless interaction between appellants and the committee, providing a user-friendly and efficient redressal process.
SEBI Guidelines for Research Analysts
These new guidelines represent a robust regulatory framework that balances client protection with operational flexibility for Research Analysts. By emphasizing compliance, transparency, and ethical practices, SEBI aims to elevate the credibility and efficiency of research services in India’s financial ecosystem. Research Analysts and entities must prioritize aligning their practices with these updated standards to foster trust and innovation in the industry.
