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

Below are the key highlights of the newsletter:

SEBI UPDATES

• SEBI LODR (Third Amendment) Regulations, 2024 – Notified
• SEBI issues guidelines regarding pro-rata and pari-passu rights of investors of AIFs
• SEBI grants relaxation for the trigger of maximum ISIN maturity requirement
• Industry standards on business responsibility and sustainability report – Notified
• SEBI clarifies regulations on shareholding transfers and change in control for market intermediaries

RBI & IFSC UPDATES

• IFSCA (Informal Guidance) Scheme, 2024
• IFSCA issues revised directions to IBUs for operations of FCAS of Indian resident individuals opened under the LRS

ENVIRONMENTAL UPDATES

• Battery Waste Management Rules, 2022 – Decriminalized
• Environment Relief Fund (Amendment) Scheme, 2024 – Notified
• Public Liability Insurance Rules, 1991 – Amended

OTHER UPDATES

• E-Commerce FBOs advised to strengthen food safety compliance
• MCA extends the deadline of filing form CSR-2
• Ministry of Home Affairs tweaks the rules of foreign contribution 

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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