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  • SEBI Guidelines to determine allotment and trading lot size for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs)

    SEBI Guidelines to determine allotment and trading lot size for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs)

    The Securities and Exchange Board of India (SEBI) recently amended the SEBI (Infrastructure Investment Trusts) Regulations, 2014 (“InvIT Regulations”) and SEBI (Real Estate Investment Trusts) Regulations, 2014 (“REIT Regulations”) vide notification dated 22 April, 2019. With the amended regulations notified,

  • Draft Enabling Framework for Regulatory Sandbox

    Draft Enabling Framework for Regulatory Sandbox

    In July 2016 the Reserve Bank of India (RBI) had setup an inter-regulatory Working Group to look into and report on various aspects relating to fintech. One of the key recommendations of the Working Group was the introduction of an

  • Extension of due date for filing ACTIVE form

    Extension of due date for filing ACTIVE form

    On 21 February 2019, the Ministry of Corporate Affairs (the MCA) had mandated all companies incorporated prior to 31 December 2017, to file Active Company Tagging Identities and Verification (Form INC 22A Active) on or before 25 April 2019. However,

  • Amendment to Regulations on Institutional Trading Platform- Innovation Growth Platform 1.0

    Amendment to Regulations on Institutional Trading Platform- Innovation Growth Platform 1.0

    Background In the year 2016, Securities Exchange Board of India (SEBI) had introduced Institutional Trading Platform vide amendment to the SEBI Regulations (Issue of Capital and Disclosure Requirements), 2009 (SEBI ICDR Regulation) to facilitate listing of start-ups in sectors like

  • Hike in Minimum Wages for Workers in Shops and Commercial Establishment from April, 2019

    Hike in Minimum Wages for Workers in Shops and Commercial Establishment from April, 2019

    The Government of Karnataka vide notification no. P&S-I/CPI/2018-19 dated 1st March, 2019, has enhanced the consumer price index (CPI) for 2019 which has become effective from 1st April, 2019 and shall remain effective till 31st March 2020. Under the minimum

  • Withdrawal of restriction on LLPs to carry on Manufacturing activities

    Withdrawal of restriction on LLPs to carry on Manufacturing activities

    The Ministry of Corporate Affairs (the MCA) had earlier issued Office Memorandum (OM) No. to all the Registrar of Companies (the RoCs) dated on 6 March 2019, instructing the RoCs to reject the applications for incorporation of Limited Liability Partnerships

  • Clarification on KYC updation for holders of Director Identification Number (DIN)

    Clarification on KYC updation for holders of Director Identification Number (DIN)

    The Ministry of Corporate Affairs (the MCA) on 5 July 2018, had mandated to every Individual who has been allotted a Director Identification Number (DIN) as on 31 March of every year to file the Form DIR 3KYC on or

  • National Policy on Software Products, 2019

    National Policy on Software Products, 2019

    The Ministry of Electronics and Information Technology released the National Policy on Software Products, 2019 (“the Policy”) aimed at stimulating the software products ecosystem in India. The Policy acknowledges that the Indian IT/ITeS industry is primarily service oriented. The Policy

  • Regulatory Update: MCA amends Incorporation Rules in relation to Shifting of Registered Office and Incorporation fee for companies

    Regulatory Update: MCA amends Incorporation Rules in relation to Shifting of Registered Office and Incorporation fee for companies

    As part of Government’s efforts to make India a startup hub and continuous efforts of ease of doing business in India, the Ministry of Corporate Affairs (the MCA) has issued notification dated 6 March 2019. With this notification following changes

  • Ministry of Health and Family Welfare- Draft Amendment Rules to amend the Drugs and Cosmetics Rules, 1945.

    Ministry of Health and Family Welfare- Draft Amendment Rules to amend the Drugs and Cosmetics Rules, 1945.

    The Ministry of Health and Family Welfare vide its notification dated 26th February 2019 has introduced the draft amendment rules to amend the Drugs and Cosmetics Rules 1945 inviting suggestions/comments from the public. The changes proposed are summarised below. An

  • Relaxations to FPIs and Companies under bankruptcy wrt ECB

    Relaxations to FPIs and Companies under bankruptcy wrt ECB

    Regulatory update: RBI’s Bi-Monthly Monetary Policy Statement grants important relaxations to FPIs and Companies under bankruptcy with respect to ECB The Reserve Bank of India (RBI) on 7 February 2019 has issued its Sixth Bi-monthly Monetary Policy Statement (Monetary Policy

  • Authorisation of New Retail Payment Systems : RBI's Policy Paper

    Authorisation of New Retail Payment Systems : RBI's Policy Paper

    Reserve Bank of India (“RBI”) vide its press release on January 21, 2019 has invited comments on the Policy Paper on Authorisation of New Retail Payment Systems (“Policy Paper”). Earlier in June 26, 2018 RBI had released a Statement on

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