MCA Clarification on holding of Annual General Meeting (AGM) and EGM through Video Conference (VC) or Other Audio Visual Means (OAVM)
It has been decided to allow companies whose AGMs are due in the Year 2024 or 2025, to conduct their AGMs through VC or OAVM on or before 30th September, 2025.
National Bank for Financing Infrastructure and Development notified as public financial institution
National Bank for Financing Infrastructure and Development notified as public financial institution.
Foreign Exchange (Compounding Proceedings) Rules, 2024
As part of a broader initiative to streamline and rationalize existing rules and regulations to further facilitate ease of doing business, the compounding proceeding rules were comprehensively reviewed in consultation with the Reserve Bank of India.
UGC has mandated effective implementation of the Tabacco- Free Educational Institutions (ToFEI) manual and guidelines
All Higher Education Institutions (HEIs) are required to adhere to the guidelines aimed at ensuring that their campuses are free from the use of tobacco, electronic cigarettes, and other addictive substances.
UGC launches awareness campaign about the Good Samaritan Law and helping accident victims
Higher Education Institutions are requested to raise awareness among students, faculty, and staff about the Good Samaritan Law and the importance of assisting accident victims without any fear. Additionally, institutions are encouraged to raise awareness in the local community about this issue.
UGC has mandated HEIs to organize a one-day special plantation drive
UGC has mandated HEIs to organize a one-day special plantation drive during which all institutions are requested to participate actively and report their plantation activities on the Meri LiFE portal (https://merilife.nic.in/login).
Swachhata Hi Seva 2024 to be observed by HEIs
UGC has directed Higher Education Institutions (HEls) to ensure that Swachhata Hi Seva 2024 (SHS 2024) will be observed from 14th September, 2024 to 1st October, 2024 with the theme of ‘Swabhav Swachhata – Sanskaar Swachhata’, which will culminate in the Swachh Bharat Diwas celebrations on 2nd October, 2024.
UGC has mandated Constitution of Grievance Redressal Committee for the Students in Higher Education Institutions
Colleges are requested to furnish the details of SGRCs constituted by them to their affiliating Universities. Universities, in turn, are requested to furnish the details of the SGRCs constituted by them and by their affiliated institutions by 24th September 2024.
SEBI enables T+2 trading of Bonus shares where T is the record date
SEBI, as a part of the continuing endeavor to streamline the process of Bonus issue of equity shares, in consultation with the market participants, has decided to reduce the time taken for credit of bonus shares and trading of such shares, from the record date of the Bonus Issue under SEBI (ICDR) Regulations, 2018, enabling T+2 trading of Bonus shares where T is the record date.
SEBI has announced an optional mechanism for fee collection by SEBI registered Investment Advisers (IAs) and Research Analysts (RAs)
The mechanism has been co-created by BSE Limited with the help of various stakeholders. BSE Limited shall specify the operational framework for the mechanism on or before September 23, 2024 and make the mechanism operational from October 01, 2024.
