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

Below are the key highlights of the newsletter:

SEBI UPDATES

• SEBI notifies specific due diligence requirements of investors and investments of AIFs
• SEBI notifies liquidity window facility for the listed debt securities
• Extension of relaxation under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• SEBI modifies compliance and reporting requirement for non-individual investment advisers

RBI & IFSC UPDATES

• RBI revises guidelines regarding submission of information to credit information companies by ARCs
• Implementation of credit information reporting mechanism subsequent to cancellation of licence or certificate of registration
• RBI issues guidelines for compounding of contraventions under FEMA
• RBI issues notification for due diligence in relation to non-resident guarantees availed by residents
• IFSCA issues directions for operations of the foreign currency accounts of Indian resident individuals opened under the liberalised remittance scheme
• IFSCA (Payment and Settlement Systems) Regulations – Notified

OTHER UPDATES

• Advertisers required to refrain from engaging in greenwashing and misleading environmental claims
• Exemption to IT and ITES establishments in Uttar Pradesh
• MCA clarifies the applicability of the e-adjudication rules to pending proceedings
• Biological Diversity Rules, 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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