BSE clarification regarding Corporate Grouping of Listed Companies
BSE has informed that in case of any change in its corporate group pursuant to any event such as Corporate Restructuring, Takeover, Merger, Demerger, Acquisition, Delisting etc., the companies have to intimate the Exchange within Two Working Days of the Effective Date of the change through email.
BSE clarification regarding Intimation of credit of Dividend into attached bank accounts of notified parties under Special Court (TORTS) Act 1992
It is clarified that whenever online dividend payment is credited into bank account of notified parties, intimation thereof is invariably sent to Custodian’s office without fail for further necessary action.
IFSCA Units in special economic zones requiring recognition, registration, license or authorization shall submit a proposal to the Administrator (IFSCA)
The Administrator (IFSCA) may grant the letter of approval to the person concerned to set up any Unit and undertake such operations, requiring recognition, registration, license or authorisation by the International Financial Services Centres Authority.
IFSCA FAQs on Payment Service Regulations
These regulations not only ensure the smooth functioning of payment services but also safeguard the interests of users and maintain the integrity of financial transactions. By demystifying the FAQs surrounding PS Regulations, we aim to provide clarity and guidance in navigating the regulatory landscape of payment services.
IFSCA Standing Committee on Primary Markets
IFSCA has constituted a “Standing Committee on Primary Markets” (“Standing Committee”) for seeking suggestions and recommendations from the market experts on the various policy and regulatory matters to facilitate the development of a vibrant and robust ecosystem for primary markets in GIFT IFSC.
Consultation paper on easing business initiatives for Portfolio Managers
The consultation paper by SEBI underscores the regulator’s commitment to fostering a conducive environment for Portfolio Managers. By soliciting public feedback, SEBI aims to ensure that regulatory reforms align with industry needs while promoting transparency and efficiency in the financial sector. It’s a step towards a more robust and business-friendly regulatory framework, ultimately benefiting both investors and market participants alike.
Investors are urged to conduct due diligence and verify the registration status of any entity claiming to be a SEBI-registered intermediary
Investors are urged to conduct due diligence and verify the registration status of any entity claiming to be a SEBI-registered intermediary.
IFSCA has issued the Format and manner of seeking authorization as Payment Service Provider
An applicant shall fill up the application form and submit the information sought in English. Incomplete applications shall not be considered. In case the applicant has already answered a question elsewhere in the schedules, specific reference to that cell/section may be provided to avoid duplication.
IFSCA revises Reporting Norms for Capital Market Intermediaries
The Authority will continue to monitor Capital Market Intermediaries in IFSC and may supplement / update the reporting formats, if so required. Accordingly, at the end of each quarter, the CMIs shall access the latest reporting formats from the IFSCA website under the “Downloads” section (https://ifsca.gov.in/Downloadfile/Index).
IFSCA measures for Monitoring of investments from countries sharing land border with India
This circular underscores IFSCA’s commitment to maintaining the integrity and transparency of the financial ecosystem within the IFSC. By imposing robust compliance measures, the authority aims to instill confidence among investors while safeguarding against potential risks associated with cross-border investments.
