Pension Fund Regulatory and Development Authority has operationalized APY/NPS functionalities
These functionalities are aimed at improvising user experience and operational ease. The functionalities provide maximum flexibility in terms of operation for benefit of stakeholders.
Employees’ Pension (Second Amendment) Scheme, 2024
The amendment has revised the prescribed format provided under Table-D in the parent scheme to be used for filing Return of contribution on exit from the employment.
SEBI has announced modification in duration for call auction in pre-open session for Initial Public Offer (IPO) and Relisted scrips
The session shall be for a duration of 60 minutes i.e. from 9:00 a.m. to 10:00 a.m., out of which 45 minutes shall be allowed for order entry, order modification and order cancellation, 10 minutes for order matching and trade confirmation and the remaining 5 minutes shall be the buffer period to facilitate the transition from pre-open session to the normal trading session.
Introduction of a special call auction mechanism for price discovery of scrips of listed Investment Companies (ICs)and listed Investment Holding Companies (IHCs)
In order to address the above concern, based on the deliberations with various stakeholders including stock exchanges, public comments and recommendations of Secondary Market Advisory Committee of SEBI, it has been decided to put in place a framework for “special call auction with no price bands”for effective price discovery of scrips of such ICs and IHCs.
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.
