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.

The Ministry of Corporate Affairs vide Circular No. 38/2020 dated December 01, 2020 has provided for further relaxation of additional fees and extension of last date of filing CR-4 for FY 2019-2020 under Companies Act, 2013.

The Securities Exchange Board of India vide circular SEBI/HO/MIRSID/RTAMB/CIR/P/2020/236 dated December 2, 2020 has issued operational guidelines for transfer and dematerialization of re-lodged physical shares.

The Reserve Bank of India vide notification/ RBI/2020-21/72 DPSS.CO.AD.No.724/02.27.005/2020-21 dated December 4, 2020 has decided to Grant perpetual validity for certificate of Authorization (CoA) issued to Payment System Operators(PSOs) under Payment and Settlement Systems Act,2007 (PSS Act) .

The Securities and Exchange Board of India (“SEBI”) vide Circular No.: SEBI/HO/MIRSD/DOP/CIR/P/2020/235 dated December 01, 2020 has decided to issue relaxations in the timelines provided for compliance with regulatory requirements.