Home » Legalaxy » Legalaxy – Monthly Newsletter Series – Vol IX – February, 2024

DISCLAIMER: The material contained in this publication is solely for information and general guidance and not for advertising or soliciting. The information provided does not constitute professional advice that may be required before acting on any matter. While every care has been taken in the preparation of this publication to ensure its accuracy, Vaish Associates Advocates neither assumes responsibility for any errors, which despite all precautions, may be found herein nor accepts any liability, and disclaims all responsibility, for any kind of loss or damage of any kind arising on account of anyone acting/ refraining to act by placing reliance upon the information contained in this publication.

In the February edition of our monthly newsletter “Legalaxy”, our team analyses some of the key developments in securities market, banking and finance, pharmaceuticals, labour, mining, power, and renewable energy.

Below are the key highlights of the newsletter:

  • SEBI introduces guidelines for AIFs on holding investments in dematerialised form and custodian appointments
  • SEBI supersedes framework for short selling
  • SEBI’S continuous endeavour for ease of doing investment by investor – facility of voluntary freezing/blocking of trading accounts by clients
  • SEBI further extends the deadline for implementation of the LODR amendment – response to market rumours
  • Rules enabling certain public companies to list their equity shares directly on international bourses
  • RBI issues master directions on commercial papers and NCDs
  • RBI notifies comprehensive guidelines on measures covering classification of accounts and deposits as inoperative accounts and unclaimed deposits
  • RBI notifies the credit investment concentration norms for NBFCS
  • Pharmaceutical products receive new good manufacturing practices
  • Karnataka Government notifies the Karnataka Compulsory Gratuity Insurance Rules, 2024
  • Mineral (Auction) Amendment Rules, 2024: an aid to the mineral auction
  • Mineral Conservation and Development (Amendment) Rules, 2024: ease in mineral exploration and extraction
  • CDSCO streamlines medical devices approval through NSWS
  • Electricity (Amendment) Rules, 2024 notified by Ministry of Power
  • Central Government notifies April 1, 2024 as the date for enforcement of Biological Diversity (Amendment) Act, 2023
  • Ministry of New and Renewable Energy notified modes for implementation of incentive scheme for green hydrogen production
  • Maharashtra Government increases muscle power of the city civil court
  • Maharashtra Stamp Duty Amnesty Scheme, 2023 – timelines extended
  • Ministry of Education notifies the accessibility code for educational institutions

We hope you like our publication. We look forward to your suggestions.

Please feel free to contact us at [email protected]