IRDAI proposes new Guidelines on Remuneration of Non-Executive Directors and MD/CEO/Whole-time Directors of Insurance companies; comments invited by 19th January, 2022
In order to ensure sound remuneration or compensation practices and avoid situations resulting from excessive risk-taking behaviour due to inappropriate compensation structures […]
IRDAI clarifies that health insurance policies will cover the costs of treatments for infections occuring due to Omicron variant of COVID-19
The Insurance Regulatory and Development Authority of India has clarified that all health insurance policies issued by all general and health insurance […]
RBI fixes the applicable average base rate to be charged by NBFC– Micro Finance Institutions (NBFC-MFIs) to their borrowers for the quarter starting January 1, 2022
In a Press Release dated 31st December, 2021, the Reserve Bank of India has communicated that the applicable average base rate to […]
RBI releases Framework for facilitating Small Value Digital Payments in offline mode; effective immediately
The Reserve Bank of India has now introduced the ‘Framework for facilitating small value digital payments in offline mode’ for the Authorised […]
MCA amends Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016; effective immediately
The Ministry of Corporate Affairs has issued the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund), Third Amendment, Rules, […]
SEBI lists updated penalty for non-compliances with continuous disclosure requirements by issuers of listed Non-Convertible Securities & Commercial Papers; applicable for the due dates of compliances falling on or after February 01, 2022
The Securities and Exchange Board of India (“SEBI”) has, through a Circular dated 29th December, 2021, updated the structure for levying fines […]
Surrogacy (Regulation) Act, 2021 receives Presidential assent; aims to regulate the practice and process of surrogacy
The Surrogacy (Regulation) Act, 2021 has received Presidential assent and the same shall be enforced on such date as the Central Government […]
Outcome of recent SEBI Board Meeting ; amongst other changes SEBI approves changes to LODR regulations relating to appointment/re-appointment of persons who fail to get elected as directors including whole time directors
The Securities and Exchange Board of India (“SEBI”) has taken certain decisions during their board meeting on 28th December, 2021. Key Highlights […]
MCA allows companies proposing to organise AGM in 2022 for the F.Y ended/ending any time before /on 31.03.2022 through VC/OAVM as per the respective due dates by 30.06.2022
In continuation to what has been reported by us in the trailing e-mail, in another Circular dated 14th December, 2021 the Ministry […]
Joint Parliament Committee tables report on the Personal Data Protection Bill
The Joint Parliament Committee (“Committee”) on Personal Data Protection Bill, 2019 (“Bill”) has tabled its report in the Parliament. The report contains […]
Securities and Exchange Board of India extends the implementation date of Risk Management Framework from April 01, 2022 onwards
Based on the request received from Association of Mutual Funds ( “AMF”), the Securities Exchange Board of India (“SEBI”) has decided to […]
In light of the increased cases of Omicron variant of COVID-19, the Ministry of Home Affairs directs implementation of normative framework till 31st January, 2022
The Ministry of Home Affairs (“MHA”) has directed the State/ UT Governments to consider implementing the normative framework issued by the Ministry […]