In the April edition of our monthly newsletter “Legalaxy”, our team analyses some of the key developments in securities market, banking and finance, labour, pharmaceutical and MSME.

Below are the key highlights of the newsletter:

SEBI UPDATES

• SEBI amends the PIT Regulations to expand the definition of ‘UPSI’
• IPOs & rights issue: navigating the post-ICDR amendment landscape
• SEBI notifies detailed procedure and timelines for faster rights issue to specific investors
• SEBI tackles compliance challenges for Category II AIFs under the SEBI AIF Regulations, 2012
• SEBI increases FPI investment threshold for granular disclosure
• SEBI updates guidelines on advance fee structure for IAs and RAs
• SEBI introduces amendments to master circular for InvITs and REITs

RBI & IFSC UPDATES

• IFSCA notifies guidelines on cyber security and cyber resilience for regulated entities in IFSCs
• IFSCA approves changes to various IFSCA Regulations
• RBI amends the master directions on priority sector lending

LABOUR UPDATES

• Haryana revises rate of labour welfare fund contribution
• Kerala introduces new provisions for welfare and safety of workers
• Exemptions extended for IT-ITES establishments in Andhra Pradesh

OTHER UPDATES

• CDSCO introduces SUGAM portal for facilitating online registration of CROs
• Ministry of MSME revises the criteria for classifying enterprises under the MSME Act
• Ministry of MSME mandates half-yearly reporting of delayed payments made to micro and small enterprises

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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