Home » Legalaxy » Legalaxy – Monthly Newsletter Series – Vol VI – November, 2023

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We are pleased to share with you the link to our newsletter “Legalaxy” for November 2023, providing updates on the recent and relevant legal developments in India.

Below are the key highlights of the newsletter:

  • SEBI extends the deadline for complying with enhanced investment adviser qualification by 2 years
  • SEBI revises the manner of achieving minimum public unitholding requirement for InvITs
  • SEBI redefines large corporate and the fund-raising norms in view of ease of doing business
  • SEBI provides limited relaxation under SEBI LODR from sending hard copies of financial statements and proxy forms till September 30, 2024
  • RBI notifies the Master Directions on Non-Banking Financial Company – Scale Based Regulations
  • RBI introduces regulations applicable to Payment Aggregators facilitating cross border payment transactions
  • RBI enumerates on the importance of appointment of 2 whole-time directors
  • Prevention of Money-laundering (Maintenance of Records) Rules, 2005 amended by MoF
  • MCA tweaks rules for dematerialisation of securities under Companies Act – makes it mandatory for private companies
  • MCA tightens the beneficial interest rules under Companies Act – makes it mandatory for every company to designate a person in this regard
  • MCA mandates disclosure of beneficial interest in LLP
  • The wait is over: public companies can now list their securities on permitted foreign stock exchanges
  • MCA provides comfort for shifting of registered office of company from one State/Union Territory to another post resolution under IBC
  • One more step towards ease of doing business – MCA integrated with NSWS for incorporation of companies and LLPs
  • MOEFCC notifies the Battery Waste Management (Amendment) Rules, 2023
  • Ecomark Rules notified by MOEFCC
  • Green Rules notified by MOEFCC
  • MOEFCC notifies the Plastic Waste Management (Second Amendment) Rules, 2023
  • Central Government notifies the establishment of Arbitration Council of India
  • MLJ notifies October 9, 2023, as the effective date for coming into force of certain provisions of The Mediation Act
  • A big relief to the aviation industry from the rigor of Moratorium under IBC
  • MCAFPD notifies the Legal Metrology (Packaged Commodities) Amendment Rules, 2023
  • EPFO releases SOP for management and regulation of exempted establishment under EPF Act

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