DoT notifies ‘Telecommunications (Administration of Digital Bharat Nidhi) Rules, 2024’
DoT has notified ‘Telecommunications (Administration of Digital Bharat Nidhi) Rules, 2024’. The rules provide for powers and functions of administrator, who will be responsible for overseeing the implementation and administration of the Digital Bharat Nidhi. The rules also provide for criteria for undertaking schemes and projects under Digital Bharat Nidhi and selection process for implementers.
RBI cautions against Fraudulent Activities in its name
RBI has directed to not share account login details, personal information, copies of KYC documents, card information, PIN, password, OTP, etc. with unidentified persons or agencies. Further, such details should not be shared through unverified/unauthorised websites or applications.
Scheme for Trading and Settlement of Sovereign Green Bonds in the IFSC
Investors can participate in the primary auctions of securities undertaken by the Reserve Bank and transact in the secondary market for securities in the IFSC, as per the terms and conditions defined in the Scheme.
Modalities for migration of Venture Capital Funds registered under erstwhile SEBI (Venture Capital Funds) Regulations, 1996 to SEBI (Alternative Investment Funds) Regulations, 2012
The responsibility for compliance with these regulations rests with the manager, trustee, and key management personnel of the VCF or Migrated VCF. The trustee or sponsor must ensure that the Compliance Test Report, as required by the SEBI Master Circular for AIFs, includes adherence to the provisions of this circular.
SEBI guidelines for borrowing by Category I and Category II AIFs and maximum permissible limit for extension of tenure by LVFs
The amendments provides category I and Category II AIFs may borrow for the purpose of meeting shortfall in drawdown amount.
Consultation paper on streamlining disclosure in respect of appointment of Debenture Trustee (DT) in the offer document
The consultation paper proposes that the debenture trustee agreement shall be made accessible to investors using ‘QR code’ in the offer document for issue of debentures so that appointment of debenture trustee can be disclosed.
Securities and Exchange Board of India (Intermediaries) (Amendment) Regulations, 2024
The amendment provides that no person regulated by the Board or the agent of such a person shall have any direct or indirect association, with another person who provides advice or any recommendation, directly or indirectly, in respect of or related to a security or securities, unless the person is registered with or otherwise permitted by the Board to provide such advice or recommendation.
Securities and Exchange Board of India (Depositories and Participants) Amendment Regulations, 2024
The amendment provides qualifications SEBI shall take into account for considering grant of certificate of commencement of business including all matters which are relevant to the efficient and orderly functioning of the depository.
Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Amendment Regulations, 2024
Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 revises conditions to register as a stock exchange.
Securities and Exchange Board of India (Intermediaries) Amendment Regulations, 2024
An intermediary shall provide the Board with a certificate of its compliance officer on the 1st April of each year certifying with compliance of amended regulations.
