Guidelines for Investment Advisers
The existing IAs shall ensure compliance with the deposit requirement latest by June 30, 2025. For the new applicants seeking registration as IA, the deposit requirement shall become effective immediately from the date of this circular.
Additional/ Joint Director of Directorate General of GST Intelligence Headquarters appointed as the nodal officer for the purposes of Integrated Goods and Services Tax Act, 2017
The Central Government vide circular dated 6 January, 2024 has designated the Additional/ Joint Director (Intelligence) of Directorate General of GST Intelligence Headquarters (DGGI-Hq), Central Board of Indirect Taxes and Customs in Department of Revenue, Ministry of Finance, as the nodal officer for the purposes of Integrated Goods and Services Tax Act, 2017.
Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007 – Investment Adviser Certifications Examination
SEBI notifies that an individual investment adviser or principal officer of a non-individual investment adviser, persons associated with investment advice and the partners of an investment adviser being a partnership firm, who are engaged in providing investment advice Shall obtain certification(s) from the National Institute of Securities Markets by passing the NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination.
RBI releases Draft Formats of Financial Statements of Co-operative Banks
The Reserve Bank has undertaken a comprehensive review of the formats of the financial statements of the co-operative banks and has released draft formats of the revised Forms and their schedules together with instructions for the compilation of the balance sheet and profit and loss account.
Master Direction – Reserve Bank of India (Non-resident Investment in Debt Instruments) Directions, 2025
These Directions shall be applicable with immediate effect. These Directions shall be applicable to all transactions by eligible non-residents in debt instruments.
HaRBInGer 2024
H Vision India Pvt. Ltd. created a smart wallet that identifies currency notes using features like UV absorption and fluorescence. Rupya Darshini, developed by Parthiban R., Jebaraj V., and Gobika S., is a wallet-sized tool that allows visually challenged individuals to identify Indian banknotes through geometric dimensions and Braille markings.
Certification for Investment Advisers and Associated Persons
This new notification expands on previous directives, specifically affecting investment advisers and associated individuals, ensuring that those engaged in offering investment advice meet a higher standard of certification.
SEBI Measure for ease doing business – Settlement of Account of Clients who have not traded in the last 30 days
SEBI has decided that the funds of such clients who have not traded in last 30 calendar days shall be settled on the upcoming settlement dates of monthly running account settlement cycle as notified by Exchanges in the annual calendar issued by them from time to time.
PLI Scheme 1.1 Launched by Union Steel and Heavy Industries Ministry
Ministry of Steel has come out with PLI scheme 1.1 for specialty Steel for five product categories which is the same as the existing PLI Scheme to enable further participation as industry participants requested the ministry for relaxation. ‘PLI Scheme 1.1’ will remain open from January 6th to January 31st, 2025.
NEP SAARTHI- Student Ambassador for Academic Reforms in Transforming Higher Education in India
UGC had invited nominations from universities, colleges, and institutions for NEP SAARTHI, who have an outstanding personality, excellent communication skills, organizational capabilities, creativity, a sense of responsibility and being a team leader for conducting outreach programmes.
