The Securities Exchange Board of India (SEBI) in its meeting dated December 12, 2018, had decided that Beneficial Ownership (BO) criteria in Prevention of Money laundering (Maintenance of Records) Rules, 2005 should be made applicable for the purpose of KYC
SEBI vide its circular number SEBI/HO/CFD/CMD1/CIR/P/2018/0000000149 dated December 7, 2018 issued this circular in exercise of the powers conferred under Section 11 and Section 11A of the Securities and Exchange Board of India Act, 1992 read with Regulation 31 and
Considering the instances where the Stockbrokers have diverted client securities, observed that these diversions were coming to light on failure of these stockbrokers to meet margin and/ or settlement obligations to Stock Exchange/ Clearing Corporation. In this regard, the Securities
The Ministry of Information and Broadcasting (“Ministry”) vide a public notice has invited comments from the public regarding the proposed Cinematograph Act (Amendment) Bill. The Ministry proposes stringent penalties for recording, attempting to record or abetting the recording or transmission
RBI vide its notification no. RBI/2018-19/103 dated 8 January 2019 has permitted authorised card payment networks to offer card tokenisation services to any token requestor i.e. a third party application subject to certain conditions. Conditions to be fulfilled Tokenisation and
RBI issues directive limiting the liability of customers in unauthorised electronic payment transactions in Prepaid Payment Instruments issued by authorised Non-Bank Issuers. The Reserve Bank of India (RBI) vide its Notification No. DPSS.CO.PD.No.1417/02.14.006/2018-19 dated 4 January 2019 (“the Directive”) has
The Union Minister of Commerce and Industry and Civil Aviation, Suresh Prabhu, on 14 December 2018, announced the setting up of a National Medical Devices Promotion Council (“Council”). Though the medical devices industry has been growing steadily, it is primarily
A benevolent measure has been introduced by the Government to support the unemployed for certain periods. The Employees’ State Insurance Corporation (“ESIC”) in furtherance of the Employees’ State Insurance Act, 1948 (“Act”), has provided a welfare measure for qualified employees
The Ministry of Corporate Affairs (the MCA) on 2 November 2018, has notified the Companies (Amendment) Ordinance, 2018 (Ordinance) in order to amend provisions under the Companies Act of 2013. The following are the major changes brought about by the
The Competition Commission of India on 28-29 August organized a technical workshop on ‘Competition Issues in the Healthcare and Pharmaceutical sector in India’, as a follow up to this workshop on 24/10/2018 the CCI issued a policy note titled ‘Making
The Insolvency and Bankruptcy Board of India, vide its notification dated 5 October 2018 amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 by notifying the Insolvency and Bankruptcy Board of India (Insolvency
SEBI vide its circular dated 13 November 2018 has tightened the norms for Credit Rating Agencies (CRAs) by enhancing the levels of disclosures required to be made by the CRAs under the SEBI (Credit Rating Agencies) Regulations, 1999 (CRA Regulations).
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