Jharkhand Revises Minimum Wages for Scheduled Employments
Government of Jharkhand announced a significant revision to the minimum wages for 90 scheduled employments, set to take effect from October 1, 2024.
SEBI has clarified that Research Report and research recommendations of an RA are not considered advertisement
it is clarified that Research Report and research recommendations of an RA are not considered advertisement unless anything contained in the research report is in the nature of promotion of products or services offered by an RA.
SEBI issues new Periodic reporting format for Research Analysts and Proxy Advisers
RAs shall submit their periodic report to RAASB and PAs shall submit their periodic reports to SEBI. The periodic reports shall be submitted by RAs/PAs within 30 days from the last date of the reporting period.
SEBI directions regarding submission of annual compliance certificate by non individual investment advisors
SEBI has issued directions regarding Annual Compliance Certificate for Client Level Segregation by non- individual Investment Advisers and timeline for submission of periodic reports and annual Compliance Certificate for Client Level Segregation by non-individual Investment Advisers
Format and manner of seeking authorisation to commence or carry on a Payment System in an International Financial Services Centre
Every person desirous of commencing or carrying on a Payment System in an IFSC shall submit the application form and additional information/submissions to the Authority.
India Removes Minimum Export Price (MEP) on Non-Basmati White Rice
The Government of India has removed the Minimum Export Price (MEP) on the export of Non-Basmati White Rice, effective from October 23, 2024. The decision was made through an amendment to the Foreign Trade Policy, specifically for the HS Code 1006 30 90, which covers Non-Basmati White Rice. The removal of the MEP is expected to make Indian non-basmati rice more competitive in the global market.
IFSCA has issued the circular on “Listing of Commercial Paper and Certificates of Deposit on the recognised stock exchanges in the IFSC
One of the objectives of the Circular is to enable listing of new products on the stock exchanges in the IFSC for providing an opportunity to the investors to invest in short term instruments in the IFSC. This will contribute towards development of the capital market ecosystem in the IFSC.
SEBI amends Master Circular for Foreign Portfolio Investors, Designated Depository Participants and Eligible Foreign Investors
FPI’s shall provide undertaking in common application form to be in compliance with the SEBI (Foreign Portfolio Investors)Regulations, 2019 and Master Circular of for Foreign Portfolio Investors, Designated Depository Participants and Eligible Foreign Investors as amended from time to time.
SEBI restricts stock exchanges, clearing corporations and depositories from associating with securities advisors
SEBI mandated that persons regulated by the Board (including recognised stock exchanges, clearing corporations and depositories), and their agents a shall terminate their existing contracts with person’s who provide advice and recommendation with respect to securities.
SEBI circular for strengthening the regulatory framework for insider trading in mutual fund (MF) units
This circular addresses mutual funds, asset management companies (AMCs), trustees, stock exchanges, depositories, and related entities. It expands on prior amendments made to the SEBI (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations), especially those that were announced in November 2022.
