Reserve Bank of India on 28 May 2024 has launched three major initiatives, namely the PRAVAAH (Platform for Regulatory Application, Validation and AutHorisation) portal, the Retail Direct Mobile App and a FinTech. 1. ‘PRAVAAH’ (Platform for Regulatory Application, Validation and AutHorisation) portal The PRAVAAH is a secure and centralised web-based portal that aims to […]
Read More →With a view of upholding transparency and fairness in the lending operation of Regulated entities, On 29th April 2024, RBI issued a circular regarding the Fair Practices Code for Lenders – Charging of Interest. The circular is effective with an immediate effect. Who is included in the definition of Regulated Entities (RE(s))? Non-Banking Financial Companies […]
Read More →Introduction Alternative Investment Funds (AIFs), which provide investors with a variety of options outside of conventional investment instruments, have seen a notable increase in the Indian investing scene in recent years. Regulators have been watching this growing industry, though, especially with regard to investments made later on in bankrupt enterprises. The purpose of this circular […]
Read More →In exercise of the power conferred upon under rule 12 of the West Bengal State Tax on Professions, Trades, Callings and Employments Rules, 1979 the last date of filing return in Form-lll for the period mentioned below is extended as specified in the below given table issued in the Order dated 26-04-2024. Period in […]
Read More →The Union Ministry of Housing and Urban Affairs (MoHUA) estimated that nearly 30-40 per cent of waste in a city is generated by Bulk Waste Generators (BWGs). Henceforth, the Municipal Corporation Gurugram (MCG) has augmented its efforts in waste management by defining a Bulk Waste Generator (BWG) and launching a dedicated Waste Management Portal. This […]
Read More →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 […]
Read More →A. SEBI Stock-Brokers Regulations, 1992 S.No. Sub Head Compliance Description Periodicity Effective Date 1 Returns Trading members other than members using Algorithm software to submit an annual report on ENIT portal regarding Artificial Intelligence (AI) and Machine Learning (ML) applications and systems offered and used by market intermediaries for the period ending March 31, […]
Read More →Reserve Bank of India has issued Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions – 2024 on February 27, 2024, which has repealed Master Direction- Non-Banking Financial Company Returns (Reserve Bank) Directions, 2016. These Directions shall apply to the following entities collectively known as Supervised Entities (SEs): (i) All Commercial Banks […]
Read More →Karnataka in 2022 notified THE KANNADA LANGUAGE COMPREHENSIVE DEVELOPMENT ACT, 2022 which states the importance of Kannada as language in Karnataka as official language. Importance is been given to Kannada as a mother language and steps are being taken to ensure the extensive use and propagation of Kannada Language and to co-ordinate the activities relating […]
Read More →S.No. Act Name Compliance Due Date 1 Master Direction- Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023 and amendment thereto NBFCs participating in IRF exchanges to submit the data to the Regional Office of the Department of Supervision where it follows FY as April to March (For the half […]
Read More →