CBDT relaxes deadline for filing audit report in Form 10B for those trusts/institutions/funds, responsible to furnish
On consideration of the matter, with a view to avoid genuine hardship to those trusts/institutions/funds, CBDT has allowed such trusts/institutions/funds to furnish such audit report in the applicable Form No. 10B/10BB on or before 10 November, 2024.
RBI guidelines concerning access to the Negotiated Dealing System – Order Matching (NDS-OM) platform
The shift to allow a broader spectrum of financial institutions to directly access NDS-OM reflects the RBI’s commitment to fostering inclusivity and competition in the government securities market. By enabling more participants to trade directly on the platform, the RBI aims to improve market depth and liquidity, ensuring a more efficient price discovery process for government securities.
SEBI Clarification with regard to usage of 3 –in –1 type accounts for making an application in public issue of securities
Accordingly, it is clarified that, in addition to existing modes of making an application in public issue of securities Master Circular investors may continue to submit the bid-cum application form online using the facility of linked online trading, demat and bank account (3-in-1 type accounts).
Listing of Commercial Paper and Certificates of Deposit on the recognised stock exchanges in the IFSC
The Circular provides the regulatory requirements for facilitating issuers to list CP and CD in an efficient and transparent manner ensuring that adequate material information is made available to the investors for making informed decision. The Circular, inter-alia, specifies the conditions for issuance of CP and CD, eligible issuers, eligible investors, disclosures in the offer document, continuous disclosures etc.
SEBI Circular on Monitoring Shareholding of Market Infrastructure Institutions (MIIs)
The primary objective of this circular is to ensure that MIIs comply with shareholding norms, such as the minimum public shareholding, individual shareholding limits, and fit and proper criteria, as prescribed under the SEBI (Stock Exchanges and Clearing Corporations) Regulations, 2018 (SECC Regulations) and SEBI (Depositories and Participants) Regulations, 2018 (D&P Regulations). This effort is aimed at fostering transparency, accountability, and good governance practices within these institutions, which play a critical role in the functioning of financial markets.
Draft Arbitration and Conciliation (Amendment) Bill, 2024
Draft Arbitration and Conciliation (Amendment) Bill, 2024 is introduced to provide further boost to institutional arbitration, reduce court intervention in arbitrations and ensuring timely conclusion of arbitration proceedings.
SOPs related to the payment of financial disincentives by MIIs due to technical glitches
The amendments outlined in the corrigendum primarily focus on establishing clear references to specific paragraphs in the Master Circular for Commodity Derivatives. This ensures that all Market Infrastructure Institutions, especially those in the commodity derivatives segment, comply with updated SOPs when facing technical glitches.
Last date for submitting applications (fresh & renewal) on National Scholarship Portal
The last date for submission of applications by the selected meritorious students on the National Scholarship Portal (NSP) for the National Means-cum-Merit Scholarship Scheme (NMMSS) for the year 2024-25 has been extended up to 31.10.2024.
TRAI Consultation Paper on ‘Regulatory framework for Ground-based Broadcasters’
Written comments on the consultation paper are invited from the stakeholders by 15.11.2024. Counter comments, if any, may be submitted by 29.11.2024. The stakeholders are requested to submit their comments and counter-comments, preferably in electronic form, on the email- IDadvbcs-2@trai.gov.in and jtadv-bcs@trai.gov.in.
Extension of timeline for consultation on TRAI ‘Terms and Conditions for the Assignment of Spectrum for Certain Satellite-Based Commercial Communication Services’
Keeping in view the requests of a few stakeholders for an extension of time for submission of comments, it has been decided to extend the last dates for submission of written comments and counter comments up to 25.10.2024 and 01.11.2024, respectively.
