IFSCA guidelines and provisions for Direct Market Access (DMA) facility and Sponsored Access (SA) facility shall apply to bullion guidelines
International Financial Services Centres Authority has prescribed that the IFSCA guidelines and provisions for Direct Market Access (DMA) facility and Sponsored Access (SA) facility offered by broker dealers to their clients for trading on the stock exchanges in the IFSC shall also apply, mutatis mutandis, to Bullion Exchange, Bullion Trading Members and Bullion Clearing Members.
DoT has announced call for proposals titled “Quantum Standardization and Testing Labs”
The main objective is to accelerate research and development in quantum technologies, ensuring the interoperability, reliability, and security of quantum communication systems. These labs will serve as innovation hubs, uniting quantum technology developers, testing equipment manufacturers, and academic researchers to explore and harness the full potential of quantum technologies for the benefit of all citizens.
MCA relaxation for filing of Form BEN-2
Keeping in view the above, it has been decided to allow additional time of 15 days, without levying additional fees, to the stakeholders, in cases where the due dates for filing of these 02 forms fall during the period between 04.07.2024 and 14.07.2024.
MCA has provided Extension of time for Filing of PAS-7
Stakeholders may file requisite details in terms of Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023 through Web-Form pas 7 without payment of additional fees up to 05.08.2024.
NSE warning against trading members not providing pre-order placement evidence for trades of clients
NSE has clarified that contraventions by trading members like non-maintenance or not providing pre-order placement evidence for trades of clients when sought, shall be construed by the Exchange as unauthorized trade executed by the Trading Member as said trades were executed without the consent of the client.
UGC has mandated strict compliance with Fee Refund Policy
University Grants Commission has mandated strict compliance with Fee Refund Policy and has issued warning that higher educational institutions that do not refund fee within provided timeline.
EPFO has announced enhancement of dearness allowance
Consequent upon increase of Dearness Allowance by 4% to 50% w.e.f. 01.01.2024, the payments of allowances where ever applicable may be made at enhanced rates of 25% over the existing rates w.e.f. 01.01.2024.
EPFO SOP for freezing MIDs/UANs/Establishments
EPFO, considering that it is imperative to freeze some or all of the operations in respect of MIDs/UANs/Establishments, where there is a chance of fraudulent withdrawal or an attempt to fraud or having committed the fraud, to lay out a procedure for freezing and de-freezing of such MIDs/UANs/Establishments, has prescribed an SOP.
ESIC Clarification regarding Correction in Date of Birth of Insured Persons and their Family Members / Dependents
It is clarified that when a beneficiary applies for correction of D.O.B where the desired change in the declared age is 3 years or more, the insured person should, in addition, be asked to appear before the Medical Referee who may be requested to advise whether his age and condition corroborate the revised age applied for.
NSE launches facility of voluntary freezing/blocking of Trading Accounts by Clients
rading members have been advised to formulate the policy in line with the framework prescribed by the Exchange and members were also advised to provide the facility of voluntary freezing/blocking the online access of the trading account to their clients with effect from July 01, 2024.
