Source- Unconfirmed and based on File Received from Social Media Revised RBI Guidelines for Appointment / Re-appointment of Statutory Branch Auditors of Public Sector Banks and Norms on Business Coverage under Statutory Branch Audit of Public Sector Banks for the year ending March 31, 2023. Reserve Bank of India Ref. DoS.CO.ARG/S8213/08.91.001/2022-23 March 06, 2023 The Chairman/Managing […]
GSTN has implemented a new functionality of automation of drop proceeding of suo motu cancellation of registration where the registration was suspended by GSTN for non-filing of returns through REG-17.
For an exemption from the minimum subscription requirement under regulation 86 of SEBI ICDR Regulations 2018, the twin conditions of the proviso to the aforesaid regulation are required to be met. However, for a professionally managed listed company without identifiable promoters/promoter group, compliance with the second condition to the proviso to regulation 86 (1) of […]
SEBI had noticed that clauses relating to fees and charges in the portfolio manager-client agreement did not always clearly reflect the fees and charges payable by the client and the manner of computation of the same. To bring about greater uniformity, clarity and transparency with regard to fees and charges, SEBI issued circular dated October […]
SEBI observed that there is no express bar in the FPI Regulations upon the FPIs to be part of multiple investor groups provided the investment limits specified in the FPI Regulations are not breached. Therefore, one FPI can be a part of two investor groups provided that all such investor groups adhere to the investment […]
Chapter IV of the Delisting Regulations, which states that shares transferred to the Investor Education and Protection Fund’s account shall be excluded while calculating 90% of shares tendered by public shareholders for successful completion of delisting offer.
Insurance Regulatory and Development Authority of India Guidelines Ref: IRDAI/REIN/GDL/MISC/2/1/2023 January 3, 2023 To The CEOs of All Insurers Subject: Guidelines on issuance of File Reference Numbers (FRN) to Cross Border Reinsurers 1. Background: A. The Indian Insurance Industry is poised for growth and the Authority has been taking various steps to reduce the protection […]
SEBI vide its circular No. SEBI/HO/MIRSD/PoD-1/0W/P/2022/64923 Dated 30.12.2012 issued Guidelines with respect to procedural aspects of Suspense Escrow Demat Account and directed listed entities to process all service requests in Demat form. SEBI had also provided a procedure vide which company will be sending a ‘Letter of Confirmation (‘LOC’) as against issue of physical duplicate, […]
Upon plain reading of regulation 15(2) of the LODR Regulations, the compliance with the corporate governance provisions shall not apply, upon fulfilment of two conditions namely – (a) a listed entity having paid up equity share capital not exceeding rupees ten crore; and (b) net worth not exceeding rupees twenty-five crore, as on the last […]
Corporate governance provisions of LODR Regulations are not applicable to a listed entity only if the paid-up equity share capital and net-worth are less than ₹10 crore and ₹25 crore, respectively.
