The RBI has issued Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) Regulations, 2019
The RBI has issued Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) Regulations, 2019. The Regulations provides the mode for payment and remittance of sale proceeds for each Non-debt instruments issued in foreign exchange.
SEBI issues framework on Cyber Security and Cyber Resilience for brokers, depositories.
The Securities and Exchange Board of India (SEBI) has issued clarification on cyber security & cyber resilience framework for Stockbrokers or Depository Participants, providing for anual audit by qualified auditors regarding compliance of these provisions.
SEBI issues Framework for listing of commercial papers
Securities and Exchange Board of India, in its circular dated 22nd October 2019, has issued a framework for listing of Commercial Papers (CPs).
India Ranks 63rd in Global Ease of Doing Business
India has risen 14 places in the World Bank’s latest ease of doing business global rankings, inching closer to its target of being counted as part of the top 50 club.
Draft on Air conditioners and its related parts, Hermetic Compressor & Temperature Sensing Controls (Quality Control) Order, 2019
The Department for Promotion of Industry and Internal Trade has issued an order on Draft Air conditioners and its related parts, Hermetic Compressor & Temperature Sensing Controls (Quality Control) Order, 2019.
Independent directors now have to take proficiency test
Ministry of Corporate Affairs (“MCA”) has through new Rules- Companies (Creation and Maintenance of databank of Independent Directors) Rules 2019- made it mandatory for Independent directors to take up an online proficiency self-assessment test covering company law, securities law and basic efficiency to be conducted by the Indian Institute of Corporate Affairs (“IICA”).
SEBI Issues Guidelines on Anti-Money Laundering Standards and Combating the Financing of Terrorism and Obligations of Securities Market Intermediaries
The Securities and Exchange Board of India (SEBI) has issued a master circular which lays down guidelines on Anti-Money Laundering (AML) Standards and Combating the Financing of Terrorism (CFT) /Obligations of Securities Market Intermediaries under the Prevention of Money Laundering Act, 2002
SEBI lays down obligations of statutory auditors upon resignation
The Securities and Exchange Board of India (SEBI) has issued Circular on compliance’s for resigning statutory auditors of listed entities and material subsidiaries.
New Amendment to Companies (Accounts) Rules; Board reports to assess new independent directors.
The Ministry of Corporate Affairs (MCA), issues the Companies (Accounts) Amendment Rules, 2019 to add an assessment of performance of new independent directors to the matters to be included in Board Report.
Incorporation of new para in the Foreign Trade Policy 2015-20 about cases referred to National Company Law Tribunal (NCLT)
A new para 2.15A has been inserted in chapter 2 of Foreign Trade Policy 2015-20 about the cases referred to the National Company Law Tribunal
