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

Below are the key highlights of the newsletter:

SEBI UPDATES

• SEBI notifies the procedure for reclassification of FPI investment to FDI
• SEBI introduces amendments to master circular for InvITs and REITs
• SEBI (Alternative Investment Funds) (Fifth Amendment) Regulations, 2024 – Notified
• SEBI withdraws the Master Circular on Issuance of No Objection Certificate for release of 1% security deposit

RBI & IFSC UPDATES

• Inclusion of sovereign green bonds under fully accessible route for investment by non-residents in Government securities
• Principles To Mitigate the risk of greenwashing In ESG labelled debt securities in the IFSC

LABOUR UPDATES

• Deadline for POSH annual report revised in Gurugram
• Scale of assured benefits increased under the EDLI Scheme
• Seeding of Aadhar dispensed with for certain classes for members

ENVIRONMENTAL UPDATES

• Certain industrial plants exempted from air and water pollution consent requirements
• E-Waste Management Rules and Hazardous and Other Waste Rules – Decriminalised

OTHER UPDATES

• Coaching sector to be cautious about their misleading advertisements
• PAN becomes mandatory for FSSAI licenses and registrations
• Telecommunications (Telecom Cyber Security) Rules, 2024 – Notified
• Threshold for turnover reduced for MSMEs to access TReDS platform

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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