RBI’s latest directive ends the need for monthly LRS returns by AD Category-I banks, shifting to daily transaction reporting from September 2024.
SEBI updates regulations, requiring entities to report payment obligations for listed Commercial Paper within one working day, aligning with non-convertible securities.
IRDAI updates capital subscription rules for insurers under 2024 regulations. New entities eligible to subscribe are specified in the circular dated 6th September 2024.
NSE EMERGE mandates listed entities to submit a certificate on issue proceeds utilization, certified by auditors, with financial results from April 2023.
Listed entities on NSE EMERGE must submit auditor-certified issue proceeds utilization reports with financial results. Compliance effective from April 2023.
Capital Market Intermediaries in IFSC must maintain net worth as per IFSCA regulations. Non-compliance halts business activities until restoration.
IRDAI issues guidelines for insurers to expedite flood-related claims in Andhra Pradesh and Telangana. Insurers must mobilize resources and ensure prompt settlements.
CBIC extends the automation implementation for EOUs under Customs Rules 2022 to September 17, 2024, due to initial difficulties reported.
RBI withdraws several outdated circulars from 1987-2011, replacing them with updated guidelines on credit facilities, banking services, and microcredit regulations.
CBIC announces phase-wise implementation of Sea Cargo Manifest and Transshipment Regulations (SCMTR) at Indian ports starting from September 2024.
