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Notifications/Circulars

Revised disclosure formats under SEBI (Prohibition of Insider Trading) Regulations, 2015

February 9, 2021 10794 Views 0 comment Print

CIRCULAR SEBI/HO/ISD/ISD/CIR/P/2021/19 February 09, 2021 To All Recognized Stock Exchanges Dear Sir/Madam, Sub: Revised disclosure formats under Regulation 7 of SEBI (Prohibition of Insider Trading) Regulations, 2015 1. SEBI, vide Circular nos. CIR/ISD/01/2015 dated May 11, 2015 and CIR/ISD/02/2015 dated September 16, 2015, had specified the formats for disclosures under Regulation 7 of SEBI (Prohibition […]

Not disclosing information of pending criminal proceedings to register as valuer with IBBI violates Model Code of Conduct

February 9, 2021 450 Views 0 comment Print

Not disclosing information of pending criminal proceedings to register as valuer with IBBI violates Model Code of Conduct The Authority observed that the criminal case was filed on 29.12.2015 and that Mr. Goge had appeared before the Learned Special Judge and was granted bail on furnishing surety. The submission of Mr. Goge that only charge […]

Draft Patents (Amendment) Rules, 2021

February 9, 2021 1335 Views 0 comment Print

These rules may be called the draft Patents (Amendment) Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.

RBI releases Annual Report of Ombudsman Schemes, 2019-20

February 8, 2021 807 Views 0 comment Print

The Reserve Bank of India (RBI) today released the Annual Report of the ‘Ombudsman Schemes of the Reserve Bank for the year 2019-20’. The Banking Ombudsman Scheme (BOS) was first notified by the Reserve Bank in 1995 under Section 35 A of the Banking Regulation Act, 1949.

Report of IRDAI Working Group on Index Linked products 

February 8, 2021 948 Views 0 comment Print

The Authority vide order ref: IRDAI/ACTL/ ORD/MISC/224/08/2020 dated 31/08/2020 constituted a working group on Index Linked products where the terms of reference include, amongst others, to examine the need for index-linked products in India and other related aspects.

Weekly newsletter from Chairman, CBIC dated 08/02/2021

February 8, 2021 573 Views 0 comment Print

The Hon’ble Finance Minister has presented to Parliament the Union Budget for the financial year 2021-22. It is the first budget of this new decade and appropriately also a digital one in the backdrop of the unprecedented COVID-19 crisis. Apart from tax proposals, there are many provisions in the Budget which when approved, would take forward our indirect taxes initiatives.

Modified guidelines on product filing in health insurance business

February 8, 2021 564 Views 0 comment Print

The following categories of the individual products or add-ons or riders of health insurance business offered by General and Health Insurance Companies (hereafter referred as insurers) are permitted to be launched through Use and File Procedure by duly complying with the norms specified in these guidelines.

Non-filing of e-Form DIR-12 for Additional Director regularisation: MCA Imposes ₹6 Lakh Penalty

February 5, 2021 2400 Views 0 comment Print

MCA imposes Rs. 6 Lakh penalty on M/s Peoples International & Services Pvt Ltd and its directors for failure to file e-Form DIR-12.

RBI directives on Loans & advances to directors, their relatives etc.

February 5, 2021 1803 Views 0 comment Print

UCBs shall not make, provide or renew any loans and advances or extend any other financial accommodation to or on behalf of their directors or their relatives, or to the firms / companies / concerns in which the directors or their relatives are interested

Minimum investment amount per client of INR 50 Iakhs applicable for PMS advisory services

February 5, 2021 1434 Views 0 comment Print

Whether our understanding, that no separate registration under the IA Regulations is required to render investment advice to general investors as we are also a fund manager of an AIF apart from being registered as a Portfolio Manager, is correct? Whether we are required to comply with general obligations and responsibilities under Chapter III of […]

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