SEBI has modified SGF coverage norms for commodity derivatives clearing corporations, requiring stress testing based on the simultaneous default of at least three clearing members. The move aims to strengthen risk management while easing compliance.
The adjudicating authority penalized a company for not maintaining the required number of directors liable to retire by rotation. The violation continued for over 700 days before being rectified.
CBIC amends the customs jurisdiction under Notification 21/2022 to redefine areas under the Principal Commissioner of Customs, Visakhapatnam. The update clarifies coverage of ports, SEZs, airports, and multiple districts in Andhra Pradesh.
The government amended the FDI policy requiring investments from neighbouring countries to follow the government approval route and clarified rules on beneficial ownership.
The amendment to Securities Contracts (Regulation) Rules introduces a graded public shareholding requirement based on company size. Larger companies may list with lower percentages but must gradually increase public shareholding.
ROC Mumbai penalized a director for incorrect financial information reported in the AOC-4 XBRL filing. The order emphasizes that authorized signatories are responsible for the accuracy of e-forms filed with MCA.
SEBI ruled that conversion of warrants leading to acquisition beyond the 5% creeping acquisition limit triggers mandatory open offer obligations under takeover regulations.
CBIC introduced a temporary customs procedure allowing export cargo returning to India due to Strait of Hormuz disruptions to be handled without a Bill of Entry in certain cases, while ensuring cancellation of shipping bills and recovery of incentives.
DGFT has launched the Support for Emerging Export Opportunities initiative under EPM to help MSMEs access trade finance for exports to underserved markets. The scheme provides government-backed risk-sharing support through Exim Bank to strengthen cross-border trade.
SEBI has introduced a voluntary lock-in facility allowing investors to freeze debits from mutual fund folios. The measure aims to enhance digital security and prevent unauthorized unit transactions.
