The Significance of Banking License for Fintech Companies Unveiling the Benefits and Challenges of Acquiring a Banking License for Fintech Ventures Indian fintech unicorn Slice recently received regulatory approval to merge with North East Small Finance Bank, marking its transition into a full-fledged bank. Similarly, Resilient Innovations, the operating company behind fintech firm BharatPe, became a financial investor in Unity Small Finance Bank, as part of a central bank initiative to expand formal financing beyond […]

Insurance Companies Violating Guidelines, Accused of Unfairly Rejecting Claims: AHPI Introduction The  AHPI (Association of Healthcare Providers India) has raised serious concerns about the conduct of private insurance companies operating in the country. According to AHPI, insurance companies have been unjustly denying claims and blatantly disregarding IRDAI guidelines. Additionally, this collective of hospitals and healthcare providers argues that such behavior indicates the formation of an “alarming cartel” among private insurers. Deprivation of Cashless Facilities and […]

Extension of Timeline for Verification of Market Rumors by Listed Entities   Introduction: In accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”), this circular aims to address the extension of the timeline for the verification of market rumors by listed entities. The proviso to Regulation 30(11) of the LODR Regulations mandates the top 100 listed entities by market capitalization as of October 1, 2023, and the top 250 listed entities […]

SEBI Extends Timelines for Nomination of Mutual Fund Unit Holders Introduction SEBI, through several circulars, has outlined the requirement for existing individual unit holders to nominate or opt out of nomination for their mutual fund units by September 30, 2023. Failure to comply with this requirement would result in the freezing of folios for debits. However, based on feedback from market participants, SEBI has decided to extend the timeline for freezing folios to January 1, […]

SEBI Implements New Timelines for Nomination and Submission of PAN, Nomination, and KYC Details for Trading and Demat Accounts Introduction: SEBI implements recently new timelines for nomination in eligible demat accounts and the submission of PAN, Nomination, and KYC details by physical security holders. This article will discuss the main points of SEBI’s circular and examine its impact on investors. New Timelines for Trading and Demat Accounts: In a circular dated July 23, 2021 (SEBI/HO/MIRSD/RTAMB/CIR/P/2021/601), […]