In the September edition of our monthly newsletter “Legalaxy”, our team analyses some of the key developments in securities market, banking and finance, corporate affairs, intellectual property rights, and pharmaceuticals.

Below are the key highlights of the newsletter:

SEBI UPDATES

• SEBI amends provisions regarding borrowings by AIF and tenure of LVFs
• SEBI amends board nomination rights of unitholders of InvITs and REITs
• SEBI issues modalities for migration of venture capital funds
• SEBI provides conditional exemption to certain Category I FPIs from making additional disclosures

RBI AND IFSC UPDATES

• Foreign Exchange Management (Debt Instruments) (Third Amendment) Regulations, 2024 – Notified’RBI introduces scheme for trading and settlement of SGrBs in IFSC
• Ministry of Finance eases rules for listing companies in IFSC
• RBI revises and harmonises regulations applicable to HFCs and NBFCs
• RBI amends Master Direction for NBFC Peer-to-Peer Lending Platforms
• Certain offences removed from the Prevention of Money-laundering Act, 2002
• Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2024 – Notified

CORPORATE AFFAIRS

• MCA’s welcome move – introduces e-adjudication platform
• MCA streamlines exit of limited liability partnerships and filing norms for registration of foreign companies

OTHER UPDATES

• Process for holding inquiry and appeal notified for trademarks and geographical indications
• Certain penalties modified under the Pharmacy Act

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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