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Circulars

Overseas foreign currency borrowings of Authorised Dealer Category-I banks

July 7, 2022 876 Views 0 comment Print

Such lending shall be subject to the end-use prescriptions as applicable to External Commercial Borrowings (ECBs) in terms of paragraph 2.1(viii) of the Master Direction – External Commercial Borrowings, Trade Credits and Structured Obligations dated March 26, 2019, as amended from time to time.

Investment by Foreign Portfolio Investors (FPI) in Debt – Relaxations

July 7, 2022 2673 Views 0 comment Print

It has been decided that investments by FPIs in government securities and corporate bonds made between July 08, 2022 and October 31, 2022 (both dates included) shall be exempted from the limit on short-term investments till maturity or sale of such investments.

RBI includes Unity Small Finance Bank Limited in Scheduled bank list

July 6, 2022 948 Views 0 comment Print

It is advised that Unity Small Finance Bank Limited has been included in Second Schedule to Reserve Bank of India Act, 1934

SEBI directs QRTAs to report Cyber-attacks, threats, cyber-incidents

July 6, 2022 996 Views 0 comment Print

All Cyber-attacks, threats, cyber-incidents and breaches experienced by QRTAs shall be reported to SEBI within 6 hours of noticing / detecting such incidents or being brought to notice about such incidents.

SEBI modifies Cyber Security/resilience framework of KYC Registration Agencies

July 5, 2022 513 Views 0 comment Print

All Cyber-attacks, threats, cyber-incidents and breaches experienced by KRAs shall be reported to SEBI within 6 hours of noticing / detecting such incidents or being brought to notice about such incidents.

Applicability of PIMS at the time of import at SEZ/FTWZ/EOU/DTA

July 5, 2022 1668 Views 0 comment Print

PIMS Registration shall be required at the point of import by a Unit in SEZ/FTWZ or at the time of import by an EOU of the items covered under PIMS.

IRDAI permits three new add-ons in Motor Insurance

July 5, 2022 525 Views 0 comment Print

IRDAI permits general insurers to introduce the following concepts for the Motor Own Damage (OD) cover through the filing of appropriate add-ons to the basic OD policy on an annual basis:1. Pay As You Drive 2. Pay How You Drive 3. Floater policy for vehicles belonging to the same individual owner for two wheelers and private cars

Advisory under Regulation 46 & 62 of SEBI (LODR) Regulation, 2015

July 4, 2022 7563 Views 0 comment Print

Advisory under Regulation 46 and 62 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015

Investor Grievance Redressal Mechanism to provide online access 24×7

July 4, 2022 1116 Views 0 comment Print

Investor Grievance Redressal Mechanism should be web enabled and provide online access 24 x 7 with following salient features: 1. Complaints/GRC/Arbitration/Appellate Arbitration and reminders thereon are lodged online at anytime from anywhere;

Angel Funds under IFSCA (Fund Management) Regulations, 2022

July 1, 2022 2010 Views 0 comment Print

Regulatory framework for Angel Funds to facilitate investments in start-ups The International Financial Services Centres Authority (IFSCA), in furtherance of its mandate to develop and regulate financial products, financial services and financial institutions in the International Financial Services Centres (IFSC), had notified the IFSCA (Fund Management) Regulations, 2022 in April 2022 enabling the regulatory framework […]

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