RBI directs NBFCs and other banking institutions to review practices regarding mode of disbursal of loans, application of interests etc. in the light of Fair Practices Code
The Reserve Bank of India (“RBI”) has issued a notification directing NBFCs and other banking institutions (“REs”) to review their practices regarding mode […]
PFRDA issues circular to PoP and CRAs to host information of applicable charges etc. for APY subscribers on their websites; also allows PoP to choose CRAs
In a recent circular issued by Pension Fund Regulatory and Development Authority (“PFRDA”) to Central Recordkeeping Agencies (“CRAs”) and Point of Presence […]
MEITY publishes revised Advisory on deployment of AI models by intermediaries; dispenses with requirement to obtain prior government approval and submission of action taken-cum status report
The Ministry of Electronics and Information Technology (“MEITY”) has released an Advisory on deployment of Artificial Intelligence models by intermediaries, re-iterating the […]
MCA further extends timeline to file LLP BEN-2 and Form No. 4D without paying additional fees till 01.07.2024 in view of transition of MCA-21 from version V-2 to V-3
The Ministry of Corporate Affairs (“MCA”) has issued a Circular pertaining to the following forms: Form LLP BEN-2 (Upon receipt of Declaration […]
SEBI issues Master Circular for Alternative Investment Funds
The Securities and Exchange Board of India (“SEBI”) has issued the following Circular: Date Link Title Issued by 07.05.2024 SEBI | Master […]
SEBI issues Master Circular for Registrars to an Issue and Share Transfer Agents
The Securities and Exchange Board of India (“SEBI”) has issued the following Circular: Date Link Title Issued by 07.05.2024 https://www.sebi.gov.in/legal/master-circulars/may-2024/master-circular-for-registrars-to-an-issue-and-share-transfer-agents_83226.html Master Circular […]
Heavy Industries Ministry notifies phased implementation dates for products covered under the Electrical Equipment (Quality Control) Order, 2020
The Ministry of Heavy Industries has notified the Electrical Equipment (Quality Control) Second Amendment Order, 2024. The changes in the final Notification […]
BSE responds to frequently asked questions/ general observations and guidelines on filing of Business Responsibility and Sustainability Report( BRSR / BRSR Core)
The Bombay Stock Exchange (“BSE”) has rolled out a Circular with view to respond to certain FAQs / Guidelines along with General […]
NPCI mandates for Standardization of UPI Transaction ID Technical Specifications
The National Payments Corporation of India (“NPCI”) has issued a Circular mandating technical specifications for transaction IDs of UPIs. To standardize this, […]
RBI invites comments on regulations of Payment Aggregators by 31st May, 2024
Reserve Bank of India (“RBI”) has invited comments on the following drafts on regulation of Payment Aggregators (“PAs”): New draft directions on […]
FSSAI clarifies list of documents for proof of premises to be enclosed while applying for new licenses through FoSCoS
The Food Safety and Standards Authority of India (“FSSAI”) has in an advisory clarified the list of documents to be enclosed for […]
FSSAI re-iterates requirement for e-commerce food aggregators to obtain nutritional information from Food Business Operators and display on their platforms
In view of representations regarding mis-interpretation of ‘Display of Information’ by Licensing Authorities, leading to suspension of license in some cases, the […]