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.
EPFO Simplifies Claims with Two Major Reforms (April 2025)
8 April 2025
EPFO removes bank passbook uploads and employer approval for UAN seeding, boosting claim speed and reducing paperwork for members and employers.
