SEBI directs listed companies, intermediaries and fiduciaries to report violations relating to code of conduct
The Securities and Exchange Board of India on 23rd July 2020 has directed the listed companies, intermediaries and fiduciaries to promptly inform the stock exchanges where the concerned securities are traded, regarding violations relating to code of conduct prescribed under the insider trading regulations.
SEBI permits offer for sale and right entitlement transactions during trading window closure
SEBI has stated that the “Trading window restrictions shall not apply in respect of OFS and RE (rights entitlement) transactions carried out in accordance with the framework specified by the Board from time to time.
Government of Telangana has prepared Cyber Security Practices guide for employees, IT admins, healthcare professionals and law enforcement agencies
DSCI has prepared a simple end-user Cyber Security Best Practices guide for employees. These simple and easy tips will ensure basic security protocols are followed by employees, which in turn can minimize cyberattack risks.
IRDAI issues clarification on certain issues relating to transfer of shares of insurance companies by promoters/shareholders
It has been clarified that for acquisition of more than 1% and up to 5% of the paid up share capital, a declaration as specified in the IRDAI (Listed Indian Insurance Companies) Guidelines, 2016 has to be provided to the insurance company and for transfer of more than 1% but less than 5% of the paid up share capital, the transferor shall inform the Insurer immediately on execution of the transaction.
The Ministry of Consumer Affairs notifies Consumer Protection (E-Commerce) Rules, 2020
The Rules provided that sellers offering goods or services through a marketplace e-commerce entity should not adopt any unfair trade practice whether in the course of the offer on the e-commerce entity’s platform or otherwise. He shall not falsely represent itself as a consumer and post reviews about goods or services or misrepresent the quality or the features of any goods or services.
The Factories (Haryana Amendment) Act, 2018
The Factories (Haryana Amendment) Act, 2018 redefines ‘factory’ and provides provision for compounding of offences.
Odisha Government issues Guidelines for Medical Practitioners working in Private Practices in context of COVID-19
The resolution throws light on the fact that infection among health-care workers not
only adversely impacts the health of the workers themselves but also poses risks to their family
members and all persons who may come into contact with them. Additionally, it hampers
endeavours of capacity building in fighting COVID-19 by leading to a progressive shortage of
trained personnel.
