SEBI framework for System Audit of Professional Clearing Members
The Systems Audit report including compliance with SEBI/CCs/circulars/guidelines and exceptional observation format along with compliance status of previous year observations shall be placed before the Governing Board of the PCM and then the report along with the comments of the Management of the PCM shall be communicated to CCs within one month of completion of audit.
RBI Invitation of applications for recognition of Self-Regulatory Organisations (SROs) for NBFCs
It has now been decided to invite applications for recognition of SROs for the NBFC sector under the aegis of the aforesaid omnibus framework. The applicant entity shall fulfil the eligibility criteria and guidelines mentioned under the omnibus framework.
Central Excise Act, 2024
The central government has issued the Central Excise Act, 2024 to provide for levy and collection of duty of excise on goods manufactured or produced and for matters connected therewith or incidental thereto.
UGC directions for international yoga day
UGC has directed the Higher Educational Institutions that the proceedings of International Yoga Day celebrated on 21 June, 2024 shall be recorded and subsequently uploaded on various social media platforms tagging Ministry of Ayush for ensuring wider reach.
UGC directions for timely conduct of exams and issuance of academic awards to students
It has come to the notice of the University Grants Commission (UGC) that certain higher education institutions are not conducting exams on time and/or delaying the issuance of degrees and final certificates to students. The Commission has the power to take punitive action in such cases.
UGC directions for Biannual Admissions in Higher Education Institutions
HEIS whose programmes are regulated by other regulatory bodies need approval from the concerned regulatory bodies to admit students twice a year. The mode of admission process, quality of education, access to support systems and adherence to the academic calendar should be the same for all the students, regardless of the cycle in which they are admitted.
IFSCA liberalizes regulations for operation of current accounts
IBUs are free to determine the interest rate on Current Account, manner of calculation of such interest, periodicity of credit of such interest and other related matters.
National Broadcasting Policy-2024
Telecom Regulatory Authority of India has issued Recommendations on Inputs for formulation of National Broadcasting Policy-2024 to establish effective audience measurement and rating system.
Department of Consumer Affairs participates in interactive session on “dark patterns and strategies to implement the guidelines” to raise awareness
The industry stakeholders are encouraged to cooperate in identifying such patterns by providing assistance and access to their data set in order to distinguish deceptive designs from genuine designs on their platforms.
Draft Guidelines for the Prevention and Regulation of Unsolicited and Unwarranted Business Communication, 2024
Draft Guidelines are placed on the website of the Department of Consumer Affairs for public comments/suggestions/feedback. The inputs may be provided to the Department latest by 21st July, 2024.
