SEBI vide its Circular no. SEBI/HO/IMD/IMD-I/DF6/P/CIR/2021/645 dated October 21,2021[1] have specified the Modalities for filing of placement memorandum through a Merchant Banker. Earlier on 13th August 2021 SEBI made amendment in the AIF regulations[2] to mandate that Placement memorandum shall
In August 2019, the RBI had issued a framework for processing of e-mandates on recurring online transactions. Initially applicable to cards and wallets, the framework was extended in January 2020 to cover UPI transactions as well. Effective 1st October, 2021,
In its efforts to promote digital usage across financial institutions, the Reserve Bank of India (RBI), on September 13, 2021, has now permitted entities other than banking companies to carry out authentication of a client’s Aadhar number through e-KYC facility
International Financial Services Centres Authority (IFSCA) upon receiving representations from various stakeholders has vide circular No. 81/IFSCA/AIFs/2020-21/03 dated June 25, 2021 amended the norms pertaining to relocation of funds outside India to IFSC. The amendments are summarised as follows:
SEBI enhances the overseas investment limit of Alternative Investment Funds (AIFs), Venture Capital Funds (VCFs) to USD 1,500 million: SEBI on 21 May 2021 vide its circular no. SEBI/HO/IMD/DF6/CIR/P/2021/565 has enhanced the overseas investment limit of SEBI registered AIFs and
Karnataka Legislative Assembly has introduced a bill to amend the Karnataka Societies Registration Act, 1960 in its 15th Legislative Assembly. The bill has substituted section 27A of the Karnataka Societies Registration Act, 1960 which talks about the Appointment of an
The Ministry of Corporate Affairs, Government of India has established a Central Scrutiny Centre (CSC) for carrying out scrutiny of Straight Through Processes (STP) e-forms filed by the companies under the Act and the Rules made thereunder, and which shall
The Ministry of Finance have issued a circular, dated March 03, 2021, to provide relief to any individual who was a non-resident during the previous year 2019-20, gets stranded in India by reason of the COVID 19 pandemic for some
The Ministry of Corporate Affairs vide its Notification dated 24th March 2021 [G.S.R. (E)] has amended the Schedule III of the Companies Act, 2013 (“the Act”) which shall come into force starting the 1st day of April 2021. The Amendments
The Department of Promotion of Industry & Internal Trade, Government of India issued Press Note No. 1 (2021 Series) [DPIIT File No. 5(13)/2020-FDI Policy] dated March 19, 2021 (‘Press Note’) in order to review the extant FDI Policy with respect
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