In the June edition of our monthly newsletter “Legalaxy”, our team analyses some of the key developments in securities market, banking and finance, corporate affairs, labour and foreign direct investment.

Below are the key highlights of the newsletter:

SEBI UPDATES

• SEBI introduces fast-track mechanism for processing of PPMs of AIFs
• SEBI modifies norms for nomination in demat accounts and mutual fund folios

RBI & IFSC UPDATES

• RBI revises framework for outward remittance services facilitated through third-party platforms
• IFSCA introduces trust and company services provider framework under TechFin and Ancillary Services Regulations, 2025
• IFSCA clarifies scope of implementation services by investment advisers in IFSC
• IFSCA advises financial institutions to await further instructions on FLA FAQs

CORPORATE UPDATES

• MCA enables CSR funding through Social Stock Exchange instruments

LABOUR UPDATES

• Interest rate prescribed for delayed contributions under SS Code
• Ceiling on continuous working hours notified under OSH Code
• Wage ceiling clarification – ESI coverage continues until end of contribution cycle
• Worker Re-skilling Fund constituted under IR Code
• ESI hospitals now open to non ESI beneficiaries
• Haryana labour welfare board revises LWF contribution ceiling
• Haryana Government exempts OSH Code-registered establishments from duplicate registration requirements under the Shops and Commercial Establishments Act

OTHER UPDATES

• DPIIT issues revised SOP for processing FDI proposals

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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