Legalaxy – Monthly Newsletter Series – Vol II – July, 2023 July 6, 2023
Published in: Legalaxy
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We are pleased to share with you the link to our newsletter “Legalaxy” for July 2023, providing updates on the recent and relevant legal developments in India.
Below are the key highlights of the newsletter:
- SEBI LODR (Second Amendment) Regulations, 2023, notified by SEBI
- SEBI tightens disclosure and ownership norms for FPIs and halves IPO listing time to 3 days
- SEBI (Alternative Investment Funds) (Second Amendment) Regulations, 2023 notified by SEBI
- SEBI proposes mandatory dematerialisation of units of AIFs
- SEBI provides flexibility to AIFs to deal with illiquid investments during the
winding-up process
- SEBI prescribes standardised approach to valuation of investment portfolio of AIFs
- SEBI suggested methods to achieve minimum public shareholding in REITs and InvITs
- Implementation of increased rate of TCS and classification of international credit card used overseas under LRS
- RBI notifies Framework for Compromise Settlement and Technical Write-offs under Prudential Framework
- RBI issues Guidelines on Default Loss Guarantee (DLG) in Digital Lending
- RBI permits banking units in IFSC to deal in NDDC involving INR for resident non-retail
- Payment of fees to Foreign Universities in the GIFT City permitted under the LRS UGC revised norms for Deemed University Status
- EPFO extends time for employees to submit options to get pension on higher wages and for employers for uploading wage details online
- MCA excludes certain transactions from the ambit of moratorium under IBC
We hope you like our publication. We look forward to your suggestions.
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