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Legal Updates
The Securities Exchange Board of India vide circular SEBI/HO/MIRSID/CRADT/CIR/P/2020/207 dated October 22, 2020 has issued guidelines with regards to Contribution by issuers of listed or proposed to be listed debt securities towards creation of “Recovery Expense Fund”.
The Reserve Bank of India vide notification/ RBI/2020-21/60 DOR.NBFC (HFC).CC.No.118/03.10.136/2020-21 dated October 22, 2020 have decided to issue the revised regulatory framework for Housing Finance Company’s (HFC’s) .
The Ministry of Home Affairs vide circular F. NO. II/21022/23 (35)/2019-FCRA-III, DATED 13-10-2020 has issued procedure for opening and operating designated FCRA account as provided under amended section 17(1) of the foreign contribution (regulation) act, 2010.
The Securities Exchange Board of India vide circular SEBI/HO/MIRSD/CRADT/CIR/P/2020/203 dated October 13, 2020 has issued Standardization of procedure to be followed by Debenture Trustee(s)in case of ‘Default’ by Issuers of listed debt securities.
The Reserve Bank of India vide notification RBI/2020-21/53 DOR.No.BP.BC.23/21.06.201/2020-21 dated October 12, 2020 has issued revised limit for Risk Weight Regulatory Retail Portfolio.
The Reserve Bank of India vide notification RBI/2020-2021/55DoR(PCB). BPD.Cir No.4/12.05.001/2020-21 dated October 13, 2020 has extended the timeline for Submission of returns under Section 31 (read with section 56) of the Banking Regulation Act, 1949
The Securities Exchange Board of India vide circular SEBI/HO/DDHS/DDHS/CIR/P/2020/201 dated October 08, 2020 has provided Extension of facility for conducting extraordinary meeting(s) of unit holders of InvITs and REITs through Video Conferencing or Other Audio-Visual Means (VC/OAVM)
The Securities Exchange Board of India vide circular SEBI/HO/DDHS/CIR/P/2020/19 dated October 05, 2020 has provided Standardization of timeline for listing of securities issued on a private placement.
The Securities Exchange Board of India vide circular SEBI/HO/IMD/DF4/CIR/P/2020/202 dated October 08, 2020 has provided Guidelines on Inter Scheme Transfer of Securities.
The Reserve Bank of India vide notification RBI/2020-21/48 DOR(PCB).BPD.CirNo.3/13.05.001/2020-21 dated October 07, 2020 has issued Interest Subvention Scheme for MSMEs – Co-operative banks.
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