Author: CS Isha Deshwal

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Compliance Framework for Core Investment Companies (CICs): Ensuring Financial Stability and Governance

Core Investment Companies (CICs) are vital to the financial ecosystem, managing long-term investments such as shares and debentures in other companies. To ensure their efficient and transparent operation, and to align with regulatory standards, the Reserve Bank of India (RBI) has established a set of compliance requirements for these companies. Meaning of Core Investment Companies […]

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The Assam Public Safety (Measures) Enforcement (Amendment) Act, 2023: A Comprehensive Overview

The Assam Public Safety (Measures) Enforcement Act, 2023, enacted with the aim of enhancing public safety in Assam, brings forth a robust legal framework designed to address security concerns while balancing the rights of citizens. Following its publication in the Assam Gazette on November 16, 2023, the Amendment Act came into effect. This Amendment Act […]

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Digital Personal Data Protection Act, 2023: Key Features and Implications for Data Privacy in India

The Digital Personal Data Protection Act (DPDP) of India has successfully navigated its final stages after several years of extensive debates, postponements, and negotiations. The act was passed by the Indian Parliament on August 11, 2023 and received presidential assent on the same day. However, the exact date of its coming into force has not […]

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Key Updates on Mergers and Acquisitions: Provisions of the Competition (Amendment) Act, 2023

The Ministry of Corporate Affairs (MCA) has announced four important notifications effective from September 10, 2024. These updates pertain to notifying CCI for mergers and acquisitions under the Competition Act. Here’s a brief overview of these notifications entail: Provisions Notified Under the Competition (Amendment) Act, 2023: The notifications put into effect specific provisions from the […]

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MoHFW issues guidelines for ethical use of ‘leftover, de-identified and anonymous samples’ for commercial use

The Ministry of Health and Family Welfare (MoHFW) has published Indian Council of Medical Research’s (ICMR) Guidelines for Ethical use of Leftover De-identified/ Anonymous Samples for Commercial Purpose. These specimens include organs, parts of organs, cells, tissues, cell products such as blood, blood products (even positive for eHBsAG/HCV/HIV/Syphilis and expired blood), urine, saliva, DNA/RNA, hair, nail clippings, […]

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Additions to Compliance Landscape of REIT

Key amendments in REIT Compliances   SEBI vide its notification dated 8th of March, 2024 have notified Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2024. Brief synopsis of additional compliances introduced are as under:   S. No. Sub Head Compliance Description Periodicity Effective Date 1 Other Compliance Investment manager to […]

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SEBI introduce FIFTH AMENDMENT Regulations for Social Stock Exchange – 25th July 2022

SEBI vide its notification dated 25th July, 2022 made amendments in SEBI (LODR) Regulations, 2015. These amendments will immediately come into effect and may be called  the  Securities  and  Exchange  Board  of  India  (Listing  Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2022. These amendments provides the framework for Social stock exchange which majorly provides eligibility of […]

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NO Hotels and Restaurants can force consumer to pay service charge: Central Consumer Protection Authority

The Central Consumer Protection Authority (CCPA), has been established under the Consumer Protection Act, 2019 to regulate matters relating to violation of rights of consumers, unfair trade practices and false or misleading advertisements which are prejudicial to the interest of public and consumers and to promote and enforce the rights of consumers as a class. […]

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Appointing directors from land sharing neighboring countries – Mandatory security clearance from MHA

Ministry of Home Affairs on 01st June 2022 issued a notification requiring to amending the Companies (Appointment and Qualification of Directors) Rules, 2014. In pursuant to the amendment, it will become mandatory to obtain security clearance for individuals from countries sharing land borders with India before being appointed as directors on the boards of Indian […]

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