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Revised FAQ’s on filing of announcements in XBRL format on NEAPS platform

May 15, 2023 2811 Views 0 comment Print

National Stock Exchange of India Circular Ref No: NSE/CML/2023/34 Date: May 15, 2023 Department: Listing To, The Company Secretary/Compliance Officer, All Listed Companies, Subject: FAQ’s on filing of announcements in XBRL format on NSE Electronic Application Processing System (NEAPS) platform. In furtherance to the circular NSE/CML/2023/28 dated March 31, 2023, issued by the Exchange w.r.t […]

IRDAI Modifies Surety Insurance Guidelines to Expand Market & Ease Solvency Requirements

May 15, 2023 1656 Views 0 comment Print

The Insurance Regulatory and Development Authority of India (IRDAI) has announced modifications to the Surety Insurance Guidelines, aiming to develop and expand the Surety Insurance Bonds market. The revisions include replacing solvency margin requirements, reducing the control level from 1.875 to 1.5 times, and eliminating the 30% exposure limit on each contract underwritten by insurers. […]

Investment in units of Mutual Funds in the name of minor through guardian

May 12, 2023 1845 Views 0 comment Print

Payment for investment by any mode shall be accepted from the  the bank account of the minor, parent or legal guardian of the minor, or from a joint account of the minor with parent or legal guardian. For existing folios, the AMCs shall insist upon a Change of Pay-out Bank mandate before redemption is processed”

Surrogacy Act, 2012 and ART Act, 2021 and relevant Insurance Rules thereunder

May 10, 2023 1392 Views 0 comment Print

Insurance coverage/Guarantee for oocyte donor. (i) The Intending couple or woman will purchase a general health insurance coverage in favor of oocyte donor for a period of 12 months from an insurance company or an agent recognized by the Insurance Regulatory and Development Authority established under the provisions of the Insurance Regulatory and Development Authority Act, 1999 for an amount which is sufficient enough to cover all expenses for all complications arising due to oocyte retrieval.

Retirement Income Optimization through Multiple Annuities to be available soon: PFRDA

May 10, 2023 765 Views 0 comment Print

In the interest of subscribers’ retirement income optimization and to provide them with a wider range of annuity options, PFRDA is pleased to inform that the choice of multiple annuities from the same ASP will be made available.

SEBI allow stock exchanges to extend DMA facility to FPIs for participation in ETCDs

May 10, 2023 1425 Views 0 comment Print

To enabling DMA facility to FPIs in ETCDs SEBI decided to allow stock exchanges to extend DMA facility to FPIs for participation in ETCDs

Levy of charges on forex prepaid cards/store value cards/travel cards

May 9, 2023 1281 Views 0 comment Print

Few Authroised Persons are levying certain fees/charges, which are payable in India on such instruments, in foreign currency. It is advised that fees/charges payable in India have to be denominated and settled in Rupees only.

SEBI registered debenture trustees to register/ re-register in FINNET 2.0

May 9, 2023 924 Views 0 comment Print

SEBI registered debenture trustees are advised to register/ re-register themselves in FINNET 2.0 system of FIU-India as soon as possible.

Status of operations at DR Site of Broker Dealers & Clearing Members registered with IFSCA

May 9, 2023 855 Views 0 comment Print

Operations carried out by the Broker Dealers and Clearing Members, from their respective DR sites located outside GIFT-IFSC and within India, shall be deemed to have been carried out at GIFT-IFSC.

SEBI: Testing Framework for IT systems of Market Infrastructure Institutions

May 5, 2023 3117 Views 0 comment Print

Technology Advisory Committee (TAC), MIIs are hereby directed to ensure the following requirements while establishing the testing framework of their IT systems/applications

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