Revised BIS standards
BIS revises standards for textile raw materials.
NSE notifies that submission/updation of Key Management Personnel details has been migrated from the digital portal to ENIT portal
Submission of Key Management Personnel details shall be done through ENIT portal only with effect from December 19, 2022. The existing functionality for reporting through the digital portal will be disabled and the same will not be available from the said date.
NSE Update on Extranet Functionality
. The access to upload functionality via Internet FTP using member specific login or guest login credentials is planned to be discontinued with effect from December 31, 2022
NSE revises Volatility Scan Range (VSR) for the Options Contracts in the Commodity Derivatives Segment
NSE revises Volatility Scan Range (VSR) for the Options Contracts in the Commodity Derivatives Segment for the month of January 2023 for copper, gold and silver.
FAQs – Disclosure of holding of specified securities and holding of fixed securities in dematerialized form
Companies can use the FAQ solely for guidance purposes to comply with the requirement of listing regulations and other applicable regulations as amended from time to time.
BSE Guidance note on the inclusion of “Object of the issue” in case of Preferential issues and Qualified Institutions Placement
The Exchange will be verifying compliance with the aforesaid disclosure requirements at the time of processing the application filed by the issuers under Regulation 28(1) of the SEBI (LODR) Regulations, 2018 seeking in-principle approval of the Exchange before making allotment of securities.
Hedging of Commodity Price Risk and Freight Risk in Overseas Markets (Reserve Bank) Directions
RBI has decided to permit eligible entities to hedge their exposure to the price risk of gold on exchanges in the International Financial Services Centre (IFSC) recognized by the International Financial Services Centres Authority (IFSCA).
SEBI issued a notification on Foreign Investment in Alternative Investment Funds (AIFs)
According to Regulation 10(a) of SEBI (Alternative Investment Funds) Regulations, 2012 AIFs may raise funds from any investor. Such an investor may be Indian, foreign or non-resident Indians. These funds may be raised by way of issue of units. In case an investor who has been on-boarded to the scheme of an AIF subsequently does not meet specified conditions, the manager of the AIF shall not draw down any further capital contribution from the such investor for investing until the investor again meets the said conditions.
IFSCA answered FAQs on International Financial Services Centres Authority (Fund Management) Regulations, 2022
The International Financial Services Centres Authority (IFSCA) has answered FAQs on International Financial Services Centres Authority (Fund Management) Regulations, 2022. The FAQs were issued on 9th December, 2022. However, these FAQs are not the interpretation of the law but provide only a simplistic explanation of processes/issues/terms/concepts related to IFSCA (Fund Management) Regulations, 2022. Any queries about the IFSCA (Fund Management) Regulations, 2022 may be addressed to the IFSCA.
SEBI clarifies on its Scheme(s) of Arrangement by Debt Listed Entities
The Securities and Exchange Board of India (SEBI) has issued a clarification on its Scheme(s) of Arrangement by entities who have listed their Non-Convertible Debt securities (NCDs)/ Non-convertible Redeemable Preference shares (NCRPS) (‘debt listed entities’). The clarification states that the circular on this Scheme(s) of Arrangements shall not apply to Schemes of Arrangement which solely provide for an arrangement between a debt listed entity and its unlisted wholly owned subsidiary.
