In the July edition of our monthly newsletter “Legalaxy”, our team analyses some of the key developments in securities market, banking and finance, labour and employment, telecommunications and insurance.

Below are the key highlights of the newsletter:

SEBI UPDATES

• SEBI (Foreign Portfolio Investors) (Amendment) Regulations, 2024 – Notified
• SEBI permits 100% participation by NRIs, OCIs and RI individuals in FPIs based in IFSC, Gift City
• SEBI tweaks insider trading regulations
• Key highlights of the 206th SEBI Board Meeting
• Financial disincentives for surveillance related lapses
• SEBI notifies mechanism for stock brokers to prevent and detect market abuse

LABOUR LAW UPDATES

• The Employees’ Pension Scheme, 1995 – Amended
• Amendments made to The Maharashtra Factories (Safety Audit) Rules, 2014
• The Employees’ Provident Funds Scheme, 1952 and The Employees’ Deposit Linked Insurance Scheme, 1976 – Amended
• Relief for further 4 years to IT-ITES establishments under Telangana S&E Act
• Exemption from standing orders extended for IT sector by Karnataka Government
• Certain exemptions to all shops and commercial establishments in Chandigarh

RBI UPDATES

• Foreign Exchange Management (Overseas Investment) Directions, 2022 – Amended

OTHER UPDATES

• Telecommunications Act – Notified
• IRDAI issues master circular on operations and allied matters of insurers

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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