The Boards of all applicable NBFCs shall constitute a Nomination and Remuneration Committee (NRC). The NRC shall have the constitution, powers, functions and duties as laid down in section 178 of the Companies Act, 2013.
With a view to expand the depth and reach of the capital markets in IFSC and enable access to resident Indian investors through Liberalized Remittance Scheme (LRS) route, for exchange traded securities in IFSC, it has been decided to permit IFSCA registered Broker Dealers to provide market access to investors through Authorized Persons based in India.
Modification in the Operational Guidelines for Foreign Portfolio Investors, Designated Depository Participants and Eligible Foreign Investors – SEBI to generate FPI registration number and both the Depositories to host the CAF.
As a part of the continuing endeavour to streamline the process of public issue of units of Infrastructure Investment Trust (InvIT), it has been decided to reduce the time taken for allotment and listing after the closure of issue to six working days as against the present requirement of within twelve working days.
As a part of the continuing endeavour to streamline the process of public issue of units of Real Estate Investment Trust (REIT), it has been decided to reduce the time taken for allotment and listing after the closure of issue to six working days as against the present requirement of within twelve working days.
It has been decided to dispense with the requirement of submission of following 16 returns by Non-Life Insurers: 1. Data / statement from serial nos. 3 to 7 of Schedule IV of Guidelines on Product Filing procedure for General Insurance products (5 returns)
Government of India has approved the continuation of the Interest Subvention Scheme (ISS) with modifications for the financial year 2021-22. Reserve Bank of India RBI/2022-23/35 FIDD.CO.FSD.BC.No.3/05.02.001/2022-23 April 28, 2022 The Chairman / Managing Director / Chief Executive Officer All Public Sector Banks, Private Sector Banks and Small Finance Banks Madam/Dear Sir, Modified Interest Subvention Scheme […]
The requirement to submit quarterly ALM returns regarding Asset Liability Management and Stress Testing (for life insurers) is dispensed with, except for Domestic Systemically Important Insurers.
This framework shall apply to all eligible Domestic or Foreign entities, desirous of obtaining authorization as FinTech Entity (FE) from International Financial Services Centres Authority (IFSCA), for participating in or undertaking one or more of the permissible activities under this framework.
Companies which are identified as Large Corporate under above mentioned SEBI Circular are required to file the Initial Disclosure through Annexure A as well as Annual Disclosure through Annexure B1 for Financial Year 2020 and 2021.
