Modalities for migration of Venture Capital Funds registered under erstwhile SEBI (Venture Capital Funds) Regulations, 1996 to SEBI (Alternative Investment Funds) Regulations, 2012
The move is a positive step toward aligning older funds with the current regulatory environment, ensuring better investor protection and compliance with updated SEBI guidelines.
SEBI Consultation paper on expanding the scope of Sustainable Finance framework in the Indian securities market
It is proposed for introduction of framework for Social Bonds, Sustainable Bonds and Sustainability linked bonds(which together with Green Debt Securities are termed ESG Debt Securities) to expand the sustainable finance in the Indian Securities Market.
Consultation paper on measures towards Ease of Doing Business and streamlining compliance requirements for Non-Convertible securities for review of LODR Regulations
It is proposed to modify regulation 52(2)(b) of the LODR Regulation as follows: The quarterly financial results submitted shall be approved by the board of directors. Further, the financial results submitted to the stock exchange shall be signed by the chairperson or managing director, or a whole time director or in the absence of all of them; it shall be signed by any other director of the listed entity who is duly authorized by the board of directors to sign the financial results.
Introduction of Liquidity Window facility for investors in debt securities through Stock Exchange mechanism
The introduction of a Liquidity Window facility framework seeks for inclusion of put options exercisable on pre-specified dates or intervals. This framework is expected to offer greater flexibility and liquidity to investors while balancing the issuer’s discretion and risk management considerations.
RBI reviews Master Direction – Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017
It has been observed that some of these platforms have adopted certain practices which are violative of the said Directions. Such practices include, among others, violation of the prescribed funds transfer mechanism, promoting peer to peer lending as an investment product with features like tenure linked assured minimum returns, providing liquidity options and at times acting like deposit takers and lenders instead of being a platform. Such violations, when observed, have been dealt with bilaterally by the Reserve Bank of India for remediation. It has been decided to elaborate and clarify certain provisions with some modifications for proper implementation of the Directions.
Framework for recognition of SROs in Financial Markets
Interested entities seeking recognition as an SRO in financial markets may submit their application through email or to the Chief General Manager, Financial Markets Regulation Department, Reserve Bank of India, Central Office, 9th Floor, Shahid Bhagat Singh Marg, Mumbai – 400 001.
UGC invites Nominations/ Recommendations for Pandit Deendayal Upadhyaya Telecom Excellence Awards 2024
The nominations/ recommendations for the Award are hereby invited from Universities; Technical/Educational/ Academic institutions on the online National Award Portal www.awards.gov.in. The nominations/ recommendations should contain all relevant details specified in the format available on the above portal. The last date for nominations is 30th September, 2024.
HEIs to display exhibition regarding Partition Horrors
UGC has requested Higher Education Institutions to display the exhibition. It is also requested to organize seminars involving academicians/research scholars and experts from different disciplines to bring awareness about the sacrifices and sufferings of the victims of the partition of India. The display of exhibitions may be accompanied with programmes to be organised by the head of the institutions.
UGC directions for participation in Plant4Mother campaign
For effective monitoring and tracking of the campaign’s progress, HEIS are requested to upload the details of the plantations undertaken on the portal https:/!merilife.nic.in/ along with videos and photographs or the events.
UGC has issued warning against Lymphatic Filariasis
The Higher Education Institutions located in the identified districts are requested to disseminate the details about the Mass Drug Administration to the communities in their respective districts and ensure the success of the campaign.
