SEBI is looking for feedback on a new system for collecting fees from investment advisers and research analysts.   The Securities and Exchange Board of India (SEBI) has published a consultation paper describing a proposal for a closed environment for fee collection by SEBI licence Investment Advisers (IAs) and Research Analysts (RAs) from their customers. The aim is to assist investors in identifying, isolating, and avoiding unregistered businesses and to make sure that payments are […]

Procedure for seeking prior approval for change in control certain intermediaries including Merchant Bankers and Bankers to an Issue   Based on Circular No.: SEBI/HO/CFD/PoD-2/P/CIR/2023/141, The Securities and Exchange Board of India (SEBI) has explained how to get permission for a change in control of certain middlemen, such as Merchant Bankers and Bankers, before it happens. The letter gives information on how to meet the standards of the laws and stay in line with them. […]

One-time Relaxation in Additional Fees for Delayed Filing of LLP Forms The Ministry of Corporate Affairs (MCA) has announced a significant development for Limited Liability Partnerships (LLPs) facing difficulties in filing Form-3, Form-4, and Form-11 under Section 67 of the Limited Liability Partnership Act, 2008, read with Section 460 of the Companies Act, 2013. The government has introduced a one-time relaxation in additional fees for those LLPs that could not file the forms within the […]

Fostering Flexibility in the Social Stock Exchange Framework   Introduction The Social Stock Exchange (SSE) was created as a platform for not-for-profit organizations (NPOs) to raise funds. Regulatory guidelines have been established by the Securities and Exchange Board of India (SEBI) to govern SSE operations. In this blog, we explore the need for flexibility within the SSE framework and propose recommendations to address the challenges faced. Current State of SSE Both the National Stock Exchange […]

Introduction Revised Requirement for Maintaining Additional CRR In accordance with Section 42(1) of the Reserve Bank of India Act, 1934, all Scheduled Banks are required to maintain a Cash Reserve Ratio (CRR) of 4.50% of their Net Demand and Time Liabilities (NDTL). This regulation ensures that banks maintain sufficient reserves to meet unforeseen liquidity requirements. Revised Requirement for Maintaining Additional CRR under Reserve Bank of India Act, 1934 All scheduled banks are required to maintain […]