SEBI vide notification dated November 17, 2023 has issued Simplified norms for processing investor’s service requests by RTAs and norms for furnishing PAN, KYC details and Nomination. Based on representations received from the Registrars’ Association of India and feedback from investors, SEBI has decided to mitigate unintended challenges faced by Registrars to an issue(RTAs) on account of freezing of folios and referring frozen folios to the administering authority under the Benami Transactions (Prohibitions) Act, 1988 and/or Prevention of Money Laundering Act, 2002. Therefore, these penalties are hereby removed.
AP’s New IT & ITES Exemption: A Safety Boost?
3 April 2025
Govt of AP has notified an exemption from specific provisions of the AP Shops and Establishments Act, 1988. This exemption applies to IT & ITES
