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Legal Updates
The Ministry of Information and Broadcasting dated December 23, 2020 has revised guidelines for obtaining license for providing Direct-To-Home (DTH) broadcasting service in India.
The Reserve Bank of India vide notification RBI/2020-21/80 DOR.AML.BC.No.31/14.01.001/2020-21 dated December 18, 2020 has issued Amendment to Master Direction (MD) on KYC.
The Reserve Bank of India vide Circular No.: RBI/2020-21/79 DOR No.BP.BC.30/21.04.048/2020-21 dated 14th December 2020 for opening of Current Accounts by Banks and the Need for Discipline.
The Securities and Exchange Board of India (“SEBI”) vide Press release No.61/2020 dated 16th December 2020 have introduced various amendments to SEBI Regulations.
The Reserve Bank of India vide press release: 2020-2021/787 dated 16th December 2020, announced the opening of Second Cohort under the Regulatory Sandbox.
The Reserve Bank of India vide notification No: RBI/2020-21/75/DOR.BP/BC.No.29/21.02.067/2020-21 dated December 4, 2020 has issued guidelines over declaration of dividends by banks.
The Ministry of Finance vide Notification dated 8th December 2020 amended the Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules 2019.
The Reserve Bank of India has released a Draft Circular on Declaration of Dividends by Non -Banking Financial Companies (NBFC’S) dated 9th December 2020.
The Securities and Exchange Board of India (“SEBI”) vide Circular No.: SEBI/HO/CFD/CMD/CIR/P/2020/242 dated December 09, 2020 has issued guidelines regarding e-Voting Facility Provided by Listed Entities.
The Securities and Exchange Board of India (“SEBI”) vide Circular No.: SEBI/HO/CFD/DIL1/CIR/238/2020 dated December 08, 2020 has issued guidelines regarding Additional Payment Mechanism (i.e., ASBA, etc.) for Payment of Balance Money in Calls for partly paid specified securities issued by the listed entity.
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