TRAS Alert

In this edition we have tried to bring you notice the latest amendment that followed in the month of July, 2023 issued by MCA, RBI, SEBI, IBBI and others. 

SEBI LAWS

SEBI amends guidelines for institutional placement of units by InvITs, REITs (July 05, 2023)

SEBI amended the guidelines for preferential issue and institutional placement of units by Infrastructure Investment Trusts and Real Estate Investment Trusts. The changes have been made after receiving feedback from stakeholders. 

To read more:

https://www.sebi.gov.in/legal/circulars/jul-2023/amendments-to-guidelines-for-preferential-issue-and-institutional-placement-of-units-by-a-listed-reit_73494.html 

SEBI (Alternative Dispute Resolution Mechanism) (Amendment) Regulations, 2023.

 The ‘Dispute Resolution Mechanism’ has been inserted in SEBI various Regulations viz. Merchant Bankers; Registrars to an Issue and Share Transfer Agents; Debenture Trustees; Mutual Funds; Custodian; Credit Rating Agencies; Collective Investment Schemes; KYC (Know Your Client) Registration Agency; Alternative Investment Funds; Investment Advisers; Research Analysts; Infrastructure Investment Trusts; Real Estate Investment Trusts; Listing Obligations and Disclosure Requirements; Foreign Portfolio Investors; Portfolio Managers; and Vault Managers.

To Read More: 

https://www.sebi.gov.in/legal/regulations/jul-2023/securities-and-exchange-board-of-india-alternative-dispute-resolution-mechanism-amendment-regulations-2023_73454.html 

Appointment of Director nominated by the Debenture Trustee on boards of issuers

Regulation   23(6)   of the SEBI   (Issue   and   Listing   of   Non-Convertible   Securities) Regulations,2023 ensure  that  its  Articles  of  Association  requiresits  Board  of Directors  to  appoint as  director, the  person  nominated  by  the  debenture  trustee

To Read More: 

https://www.sebi.gov.in/legal/circulars/jul-2023/appointment-of-director-nominated-by-the-debenture-trustee-on-boards-of-issuers_73439.html 

SEBI (Ombudsman)(Repeal) Regulations, 2023 

On and from the publication of the notification in Official Gazette the Securities and Exchange Board of India (Ombudsman) Regulations, 2003 shall stand repealed.

To Read More:

sebi.gov.in/legal/regulations/jul-2023/securities-and-exchange-board-of-india-ombudsman-repeal-regulations-2023_73427.html 

MCA 

Merger of Multiple User IDs in v-2Portal with new User ID in V-3 and deactivation  of old user ID in V-2 Portal 

The Ministry of Corporate Affairs has directed to merge multiple existing user IDs and deactivation of old user IDs  in V2 portal, to enable desirous members to create a ID in V3 portal.

To Read More:

https://www.mca.gov.in/bin/dms/getdocument?mds=lPgXWqVdrvG%252FOTWP8QcM%252Bw%253D%253D&type=open  

 

Check this links to Know more About: Financial Consultancy firm in India | Top audit firms in India | GST Service Provider