In the October 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, telecommunications and pharmaceuticals.

Below are the key highlights of the newsletter:

SEBI UPDATES

• SEBI (Foreign Venture Capital Investor) Regulations, 2000 – Amended
• SEBI modifies valuation framework of investment portfolio of AIFs
• SEBI (Delisting of Equity Shares) (Amendment) Regulations, 2024 – Notified
• SEBI (Infrastructure Investment Trusts) (Third Amendment) Regulations, 2024 – Notified
• SEBI (Real Estate Investment Trusts) (Third Amendment) Regulations, 2024 – Notified

RBI UPDATES

• Ministry of Finance notifies new compounding rules

CORPORATE UPDATES

• MCA tweaks inbound reverse merger rules under the Companies Act
• NaBFID is now a public financial institution under the Companies Act

LABOUR UPDATES

• Platform aggregators invited to ‘on-board’ themselves and their platform workers on e-Shram portal
• Cine and cultural activists to now have social security in Karnataka
• Central Government increases the minimum wage rates for workers by revising the variable dearness allowance

ENVIRONMENTAL UPDATES

• Ecomark Rules, 2024 – Notified
• CPCB issues guidelines for imposition of environment compensation
• Environment (Protection) Second Amendment Rules, 2024 – Notified
• Van (Sanrakshan Evam Samvardhan) Rules, 2023 – Amended

OTHER UPDATES

• Reforms introduced for the clinical research organisations for conducting clinical trial
• Rules for obtaining right of way permissions for telecommunication network
• Ministry of Law and Justice brings into force the Advocates Amendment Act, 2023

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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