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

Below are the key highlights of the newsletter:

SEBI UPDATES

• Standard setting forum for AIFs releases implementation standards for offering of differential rights to AIF investors
• SEBI updates FAQs for grant of registration as AIF and taking on record PPM of the scheme
• Extension of timeline for review of ESG rating

RBI & IFSC UPDATES

• RBI allowed Indian exporters to maintain foreign currency account outside India
• RBI allowed greater flexibility to foreign investors in terms of the types of bank accounts for remittances in India for foreign investments
• RBI allowed person resident outside India having business interest in India to open SNRR account
• RBI amends guidelines on settlement of dues of borrowers by ARCS
• Framework for imposing monetary penalty and compounding of offences under the Payment and Settlement Systems Act, 2007

LABOUR UPDATES

• Government of Karnataka increases the contribution rates to Karnataka labour welfare fund
• Meghalaya Government notifies conditions for exemption for employing women in the factory during night shift
• Revision in validity of licenses granted/ renewed under the Meghalaya Factories Rules, 1980

ENVIRONMENTAL UPDATES

• MOEFCC’S notifies the Environment Protection (End-of-Life Vehicles) Rules, 2025
• Producers, importers and brand owners to disclose specific information regarding plastic packaging
• MOEFCC’S new air and water pollution guidelines: simplifying the industrial consents

OTHER UPDATES

• Regulated entities to maintain records of their business to ensure security and compliance with applicable laws; and to adopt an established data governance framework
• The Bharatiya Vayuyan Adhiniyam, 2024 – Notified

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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