In the May edition of our monthly newsletter “Legalaxy“, our team analyses some of the key developments in securities market, banking and finance, foreign direct investment, food safety and employment.

Below are the key highlights of the newsletter:

• SEBI notifies the SEBI (Alternative Investment Funds) (Second Amendment) Regulations, 2024
• SEBI notifies regulations for administration and supervision of investment advisors and research analysts
• SEBI introduces a standard reporting format for private placement memorandum audit report for AIFs
• SEBI relaxes intimation rules for changes in the terms of private placement memorandum of AIFs through merchant bankers
• Foreign Direct Investment in space sector liberalized
• RBI notifies guidelines on key facts statement for loans and advances
• RBI provides the mode of payment for purchase/subscription of equity shares of an Indian company listed on an international exchange
• Funds raised through international exchanges, pending utilisation or repatriation to India, can be parked in foreign currency accounts
• RBI notifies fair practice code for lenders
• RBI notifies transition plan for small finance banks to ascend to universal banks
• FSSAI issues advisory for categorization of ‘health drinks / energy drinks’
• Central Government expands the list of designated trades under the Apprenticeship Rules, 1992

We hope you like our publication. We look forward to your suggestions.

Please feel free to contact us at [email protected]

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