SEBI issues Consultation Paper on Regulatory Framework for REITs and InvITs to issue Depository Receipts
The objective of this consultation paper is to seek comments/views/suggestions from market participants on the proposed regulatory framework to allow DRs being issued as against units of REITs and InvITs established in India. The paper was issued on 1st February, 2023.
Morpholine (Quality Control) Amendment) Order, 2022
Morpholine (Quality Control) Order, 2020 shall commence from 1st August, 2023.
Insurers allowed to pay profit related commission to non-executive director(s)
Insurers allowed to pay profit related commission to non-executive director(s) including the non-executive director(s) appointed under section 48A of the Insurance Act, 1938, under the deemed approval mechanism.
UGC extends last date to send comments on Draft University Grants Commission (Setting up and Operation of Campuses of Foreign (Higher Educational Institutions in India) Regulations, 2023
It is requested that the comments/suggestions/feedback may kindly be conveyed to ugcforeigncollaboration@gmail.com up to 20th February 2023.
NSE issues Circular on Adjustment of F&O contracts in the security NTPC
NTPC LIMITED has informed the NSE that its Board of Directors at its meeting held on 28th January, 2023 has approved interim dividend of Rs. 4.25/- per equity share of face value of Rs. 10/- each. The record date for the purpose of payment of dividend is fixed as 4th February, 2023. The methodology for position adjustments shall be separately intimated by respective Clearing Corporation.
SEBI issues Circular on Transaction in Corporate Bonds through Request for Quote (RFQ) platform by AIFs
SEBI stipulates that AIFs shall undertake at least 10% of their total secondary market trades in Corporate Bonds by value in a month by placing/seeking quotes on the RFQ platform. Additionally, the circular clarifies that all transactions in Corporate Bonds wherein AIF(s) is/are on both sides of the trade must be executed through RFQ platform in ‘one-to-one’ mode.
IRDAI notifies the Obligatory Cession for FY 2023-24
The notification states that the percentage cession of the sum insured on each General Insurance Policy to be reinsured with the Indian Re-insurer(s) shall be 4% in respect of insurance attaching during the financial year beginning from 1st April, 2023, to 31st March, 2024. The exception to this will be the terrorism premium and premium ceded to Nuclear pool wherein it would be made ‘NIL’. There would be no limit on the sum insured applicable for the cessions made from 1st April, 2023, to 31st March, 2024.
Mizoram Code on Wages Rules, 2022
These Rules have been issued in supersession of the Mizoram Payment of Wages Rules, 1992, and the Mizoram Minimum Wages Rules, 1992. The Rules, inter alia, provide for the manner of calculating the minimum rate of wages. They also specify the norms for the fixation of the minimum rate of wages.
ESIC creates unified ESIC Portal
The ESIC has decided to merge all its domains to https://esic.gov.in. Hence, all existing domains will be moved there. Additionally, all existing email ids are also mapped with the new domain.
Higher educational institutions to organize impactful events/programmes in the week beginning from March 01, 2023, and culminating on International Women’s Day
This initiative will bring us a step closer to gender equality and the vision of women living with dignity and contributing as equal partners in development in an environment free from violence and discrimination.
