Legalaxy – Monthly Newsletter Series – Vol XXIV – May, 2025 May 14, 2025
Published in: Legalaxy
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In the May edition of our monthly newsletter “Legalaxy”, our team analyses some of the key developments in securities market, banking and finance, labour, environment and foreign direct investment.
Below are the key highlights of the newsletter:
SEBI UPDATES
- SEBI clarifies the role of compliance officers in listed entities: a structural update
- SEBI amends the INVIT Regulations and REIT Regulations
- SEBI relaxes the provision of advance fee restrictions on IAs and RAs
- SEBI increases threshold under size criteria for FPIs on granular disclosure
- SEBI issues clarifications to Cybersecurity and Cyber Resilience Framework (CSCRF) for SEBI regulated entities
RBI & IFSC UPDATES
- RBI amends Directions – Compounding of Contraventions under FEMA
- Transition to IFSCA (Fund Management) Regulations, 2025
- IFSCA amends applicability of Guidelines on Corporate Governance and Disclosure Requirements for a Finance Company
- IFSCA issues Framework for Finance Company/ Finance Unit undertaking the activity of GRCTC
- IFSCA clarifies on the fee structure for IFSCA REs undertaking or intending to undertake permissible activities or seeking guidance under the Informal Guidance Scheme
LABOUR UPDATES
- Kerala allows women in certain class of factories to work night shifts
- Rate of professional tax revised for salary and wage earners in Karnataka and Assam
ENVIRONMENTAL UPDATES
- CPCB notifies rules on printing information on plastic packaging
- CPCB mandates registration on centralised EPR portal for plastic packaging
- MoEFCC introduces the Environment (Construction and Demolition) Waste Management Rules, 2025: strengthening sustainability through EPR and compensation mechanisms
OTHER UPDATES
- MHA prescribes validity periods for prior permission application under FCRA
- Issuance of bonus shares by companies engaged in prohibited sectors – now permitted
We hope you like our publication. We look forward to your suggestions.
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