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Archive: 09 December 2021

Posts in 09 December 2021

PLI Scheme extended to 14 Sectors

December 9, 2021 11028 Views 0 comment Print

Keeping in view India’s vision of becoming ‘Atmanirbhar’ and to enhance India’s Manufacturing capabilities and Exports, an outlay of INR 1.97 lakh crore (over US$ 26 billion) has been announced in Union Budget 2021-22 for PLI schemes for 13 key sectors of manufacturing starting from fiscal year (FY) 2021-22. The 13 key sectors include already […]

Transaction in Corporate Bonds through Request for Quote platform by PMS

December 9, 2021 972 Views 0 comment Print

On a monthly basis, PMS shall undertake at least 10% of their total secondary market trades by value in CBs in that month by placing/seeking quotes through one-to-one (OTO) or one-to-many (OTM) mode on the Request for Quote platform of stock exchanges (RFQ).

Consultation Paper on Algorithmic Trading by Retail Investors

December 9, 2021 900 Views 0 comment Print

The objective of Consultation Paper on Algorithmic Trading by Retail Investors is to seek comments/views from various stakeholders including market intermediaries and the public on algorithmic trading being done by retail investors including use of API access and automation of trades using the same.

Outsourcing of work by An IRP/RP is violation of IBC, 2016

December 9, 2021 1146 Views 0 comment Print

An IRP / RP is appointed by the AA and is duty bound to conduct CIRP with fairness and diligence and must maintain absolute independence in discharge of his statutory duties without any external influences. The entire resolution process of a CD is dependent on the IRP/ RP who is primarily responsible for efficiently and […]

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