SEBI (Foreign Portfolio Investors) (Amendment) Regulations, 2024

This move, encapsulated in the SEBI (Foreign Portfolio Investors) (Amendment) Regulations, 2024, aims to refine the regulatory landscape for FPIs operating in India. These changes are geared towards enhancing compliance, simplifying regulatory procedures, and ensuring a more streamlined process for foreign investors.

Master Circular for Bankers to an Issue

In respect of the registration applications pursuant to transfer of business (SEBI regulated business activity) from one legal entity, which is a SEBI registered Intermediary (transferor), to other legal entity (transferee), it is clarified that the transferee shall obtain fresh registration from SEBI in the same capacity before the transfer of business if it is not registered with SEBI in the same capacity.

FSSAI Re-operationalizes Food Safety and Standards (Licensing and Registration of Food Business) Amendment Regulations, 2021

FSSAI hasissued a direction on re operationalising draft amendments to the Food Safety and Standards (Licensing and Registration of Food Business) Regulations 2021 from November 11, 2023. These amendment regulations cover licensing procedures for e- commerce food businesses, documentation requirements for new restaurant licenses, and hygiene standards for all food operators. Food Business Operators have to follow these regulations and Improvement notice may be issued to them for compliance with schedule 4.

FSSAI Issues Advisory On Unauthorized Use Of Liquid Nitrogen In Food Serving Establishments

FSSAI has noticed unauthorized use of liquid nitrogen in food establishments, which is not permitted under current regulations. Although nitrogen is allowed in specific food categories, using liquid nitrogen directly at the point of serving is against regulations and considered as non-compliance. Any violations will lead to statutory action under the FSS (Food Safety and Standards) Act, 2006.

“Exclusive: Meghalaya Government’s Anti-Child Labor Initiative”

In a significant move aimed at enhancing the enforcement of the Child and Adolescent Labour (Prohibition and Regulation) Act, 1986, the Government of Meghalaya has appointed Deputy Labour Commissioners and Assistant Labour Commissioners as ex-officio District Nodal Officers.