IFSCA prescribes additional requirements for carrying out the permissible activities by Finance Company as a Lessor under ‘Framework for Ship Leasing’
It is hereby specified that an applicant under the SL Framework or a lessor, who has obtained a Certificate of Registration (CoR), shall not undertake transactions which involves transfer, in any form, of the ownership and/or leasehold right of a ship or ocean vessel from a person resident in India for the purpose of providing services solely to person resident in India.
IBBI clarification regarding uploading of judicial orders related to insolvency proceedings by Insolvency Professionals
As IPs have the first-time access and information of all the important judicial orders affecting the processes handled by them under the Insolvency and Bankruptcy Code, 2016 (Code), it has been decided that the IPs shall upload below mentioned judicial orders pertaining to their respective assignments on their dashboard. This would also ensure that the important judicial orders which have significant impact on the ongoing processes under the Code are available for facilitation of stakeholders in a timely manner.
CBIC revises All Industry Rates of Duty Drawback
CBIC has issued Amendments to the All Industry Rates of Duty Drawback effective from 03.05.2024. AIRs/caps of Duty Drawback have been enhanced.
University Grants Commission has invited applications from HEIs for recognition to offer Distance Learning/online programmes
University Grants Commission has invited applications from ELIGIBLE Higher Educational Institutions (HEIs) for recognition to offer programmes under Open and Distance Learning (ODL) mode and/or Online mode for academic year 2024-25, academic session beginning September, 2024 (revised from July-August, 2024) and onwards.
UGC clarifies that a foreign/international learner may enroll in any Online programme being offered by a Higher Educational Institution
Foreign nationals are prohibited from enrolling in Open and Distance Learning (ODL) programmes.
UGC has issued advisories to the HEIS to take action for prevention of sexual harassment
UGC has issued advisories to the HEIS to To constitute an Internal Complaints Committee (ICC) and a Special/ Women’s Cell in the institutions under their administrative control to deal with gender-based violence and conduct gender sensitization programs.
UGC has mandated prohibition of use of electronic cigarettes in Higher Education lnstitutions(HEls).
Special drives may be conducted through random checking at higher education institutions to ensure that such products are not being used. The Higher Education lnstitutions (HEls) are requested to take all necessary steps in this regard to ensure the success of the initiative.
Periodic reporting format for Investment Advisers
The timelines for submission of periodic reports by IAs shall be as follows: IAs shall submit the periodic report for the half-yearly period ending on March 31, 2024 to IAASB within a period of fifteen days from the date of issuance of circular by IAASB. For the subsequent half-yearly periods, IAs shall submit periodic reports within seven working days from the end of the half-yearly period for which details are to be furnished.
SEBI extends ISO Settlement Scheme, 2024 till June 10
This settlement period commenced on March 11, 2024 and was to end on May 10, 2024. It has been observed that during the last few days, large number of entities have shown interest in availing the Scheme. Considering the interest of entities in availing the Scheme, the competent authority has extended the period of the Scheme till June 10, 2024.
Master Direction – RBI Margining for Non-Centrally Cleared OTC Derivatives Directions, 2024
The directive encompasses various derivative contracts, including foreign exchange, interest rate, and credit derivatives, emphasizing risk mitigation strategies for non-centrally cleared transactions. Its application extends to entities regulated by financial sector regulators, ensuring comprehensive coverage across the financial spectrum.
