Legalaxy – Monthly Newsletter Series – Vol XV – August, 2024 August 12, 2024
Published in: Legalaxy
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In the August edition of our monthly newsletter “Legalaxy”, our team analyses some of the key developments in securities market, banking and finance, labour and employment, renewable energy, information and broadcasting, and intellectual property rights.
Below are the key highlights of the newsletter:
SEBI UPDATES
- Boost to enhance participation in the corporate bond market – SEBI reduces denomination of debt securities and non-convertible preference shares
- SEBI introduces unit-based employee benefit schemes for InvITs and REITs
- SEBI introduces criteria and governance of migrated venture capital funds
- Filing requirements for schemes of AIFs availing dissolution period/additional liquidation period & conditions for in-specie distribution of assets AIFS
RBI UPDATES
- Prevention of Money-laundering (Maintenance of Records) Rules, 2005 – Amended
- RBI eases LRS norms for remittances to IFSCs
- RBI (Cyber Resilience and Digital Payment Security Controls for Non-Bank PSOs) Master Directions, 2024 – Notified
- Master Directions on Treatment of Wilful Defaulters and Large Defaulters – Notified
LABOUR UPDATES
- Amendments to the Tamil Nadu Shops and Establishments Act, 1947 – Notified
- Inclusion of insurance certificates made mandatory for establishments in Maharashtra
- Amendments to the Tamil Nadu Shops and Establishments Rules, 1948 – Notified
OTHER UPDATES
- KYC rules for directors tweaked
- Provisioning of satellite capacity on non – Indian satellites
- Self-declaration certificate limited for ADs of food and health sectors
- The Maharashtra Stamp Act – Amended
- Certain provisions of intellectual property legislations decriminalised
- Scheme for funding of testing facilities, infrastructure, and institutional support under national green hydrogen mission – Issued
We hope you like our publication. We look forward to your suggestions.
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