Government Introduces New Export Policy Condition for Halal Certification Process for Meat and Meat Products
The Central Government has introduced new requirements for the export of specified meat and meat products to certain countries. These changes aim to ensure the compliance of exported products with Halal certification standards. These new requirements have come into force from October 16, 2024.
SEBI Circular on Monitoring Shareholding of Market Infrastructure Institutions (MIIs)
The primary objective of this circular is to ensure that MIIs comply with shareholding norms, such as the minimum public shareholding, individual shareholding limits, and fit and proper criteria, as prescribed under the SEBI (Stock Exchanges and Clearing Corporations) Regulations, 2018 (SECC Regulations) and SEBI (Depositories and Participants) Regulations, 2018 (D&P Regulations). This effort is aimed at fostering transparency, accountability, and good governance practices within these institutions, which play a critical role in the functioning of financial markets.
SOPs related to the payment of financial disincentives by MIIs due to technical glitches
The amendments outlined in the corrigendum primarily focus on establishing clear references to specific paragraphs in the Master Circular for Commodity Derivatives. This ensures that all Market Infrastructure Institutions, especially those in the commodity derivatives segment, comply with updated SOPs when facing technical glitches.
Rajasthan Government Announces Medical Facilities for Retired Employees
The Government of Rajasthan aimed at providing essential medical facilities under the Rajasthan Government Health Scheme (RGHS) to retired employees.
Amendments Issued to Rajasthan’s Social Security Investment Promotion Scheme
Finance Department of the Government of Rajasthan made a significant amendment to the Social Security Investment Promotion Scheme (SSIPS)
Government of Mizoram Declares Closed Season for River Conservation
As per the provisions of The Mizoram Fisheries Act, 2002, a closed season has been declared, effective from October 10 to December 10, 2024.
New Enforcement Dates for Certain Provisions of Puducherry Goods and Service Tax (Amendment) Act 2024
Department of Commercial Taxes, Puducherry Administration, announced important enforcement dates for certain provisions of the Puducherry Goods and Service Tax (Amendment) Act 2024.
SEBI introduces Liquidity Window facility for investors in debt securities through Stock Exchange mechanism
The introduction of the Liquidity Window facility, backed by regulations, offers pre-specified dates or intervals for redemption, thereby enhancing market activity and investor confidence in debt securities.
Consultation paper on Opening of demat account in the name of Association of Persons (AOPs) for holding certain securities in dematerialized form
SEBI has issued a Consultation paper on Opening of demat account in the name of Association of Persons (AOPs) for holding certain securities in dematerialized form to solicit views from stakeholders and public on the proposal to clarify that Association of Persons (AOPs) can open a demat account in the name of AOP to dematerialise and hold securities (other than equity shares).
Process improvements under SEBI’s initiative to make sale proceeds available to FPIs on settlement day
Under the new system, in place since September 9, 2024, tax certificates for FPI sale trades executed on ‘T’ day are issued by tax consultants by 9:00 AM IST on ‘T+1’ day. This allows FPIs to access sale proceeds, either for repatriation or for reinvestment, on the same ‘T+1’ day.
