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Notifications/Circulars

Risk value of commodities for risk-o-meter

April 11, 2022 387 Views 0 comment Print

For evaluation of risk value of commodities in which mutual funds are permitted to invest, in terms of para 2(d) of SEBI circular on ‘Product Labeling in Mutual Fund schemes – Risk-o-meter’, it has been decided that investment in commodities by mutual fund schemes shall be assigned a risk score corresponding to the annualized volatility of the price of the said commodity.

Comprehensive Risk Management Framework for EGR Segment

April 11, 2022 699 Views 0 comment Print

The core of the risk management system is the liquid assets deposited by members with the Clearing Corporation (CC). These liquid assets shall cover the following requirements: 1.1. MTM (Mark to Market) Losses: Mark to market losses on outstanding settlement obligations of the member.

IBBI clarifies on Temporary Surrender of Professional Membership

April 11, 2022 894 Views 0 comment Print

Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 CLARIFICATION No. IBBI/IP/2022 | Dated: 11th April 2022 To All Registered Insolvency Professional Agencies (By mail to registered email addresses and on website of the IBBI) Dear Madam/Sir, Subject: Clarifications with respect to Temporary Surrender of Professional Membership In view of the provisions […]

Draft Industrial Relations (Tamil Nadu) Rules, 2022

April 11, 2022 1857 Views 0 comment Print

(i) These rules may be called the Industrial Relations (Tamil Nadu ) Rules, 2022. (ii) They extend to whole of the State of Tamil Nadu. (iii) They shall come into force after the date of their publication in the Tamil Nadu Government Gazette.

Draft Code on Wages (Tamil Nadu) Rules, 2022

April 11, 2022 5616 Views 1 comment Print

(1) These rules may be called the Code on Wages (Tamil Nadu) Rules, 2022. (2) They extend to the whole of the State of Tamil Nadu. (3) They shall come into force after the date of their final publication in the Official Gazette, on the date of the commencement of the Code on Wages, 2019 (Central Act 29 of 2019).

Maintenance of SLR- Cash to include balances held by banks with RBI under SDF

April 8, 2022 474 Views 0 comment Print

Cash to be maintained by banks, as referred to in the Annex of the notification ibid, shall also include the balances held by banks with RBI under Standing Deposit Facility (SDF).

Special Economic Zones (Amendment) Rules, 2022

April 8, 2022 3258 Views 0 comment Print

In case of gems and jewellery unit, the semi-finished goods, precious metals and any other raw material (excluding diamonds or precious and semi-precious stones or lab grown diamonds) taken outside the Special Economic Zone for sub-contracting of studding by the unit shall be brought back into the unit within forty-five days

Companies (Incorporation) Amendment Rules, 2022

April 8, 2022 6651 Views 0 comment Print

Provided further that in case of a Company being incorporated as a Nidhi, the declaration by the Central Government under section 406 of the Act shall be obtained by the Nidhi before commencing the business and a declaration in this behalf shall be submitted at the stage of incorporation by the

IBBI bars IP for 2 years for not conducting CIRP as per IBC 2016 provisions

April 8, 2022 714 Views 0 comment Print

The DC observes that Mr. Singh’s conduct displays a lack of understanding of the Code and the Regulations made thereof as the CIRP is a strictly time bound mechanism and he continued to justifies the delay on the pretext awaiting the decision of the AA on the issue of Corporate Guarantors to constitute the CoC. […]

Registered Valuer Fails to inform about Registration of FIR – IBBI directs RV to be extremely careful, diligent & responsive

April 8, 2022 981 Views 0 comment Print

IBBI notes that delay by Mr. Gupta in providing relevant information to the Authority occurred due to the fact, as submitted by Mr. Gupta, that he was not aware of the filing of FIR against him and he came to know about the lodging of the FIR from the RVO on 26.08.2021. The Authority accepts […]

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