SEBI proposes introduction of concept of “Accredited Investors” in Indian securities market

The SEBI has issued consultation paper on introduction of concept of “Accredited Investors” (‘AI’) in Indian securities market.  The paper proposes that resident Individuals, HUFs and ...

Uber drivers are employees, not independent Contractors of ride-hailing company: UK Apex Court

The Apex Court of U.K had ruled that Uber has to consider its drivers as "workers" from the time they log on to the app, until they log off. With the advent of decision of À Court, all the drivers...

Ministry of Home Affairs issues FCRA Charter for Bank for smooth transitioning to new FCRA regime

Ministry of Home Affairs has issued FCRA Charter for Banks wherein, the Ministry has advised banks to go through all the provisions of the amended FCRA 2010 as well as amended FCRR, 2011.  

MHA issues sanction for CAs; encourages them to control NGOs in agreeing with FCRA standards

MHA has advised Chartered Accountants to get themselves thoroughly familiarised with FCRA, 2010, the Foreign Contribution (Regulation) Rules, 2011 so that they can help and guide the associations a...

RBI keeps repo rate and reverse repo rate unchanged at 4% and 3.35%

Based on an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting on February 5, 2021 decided to keep the policy repo rate under the liq...

MCA initiates process of decriminalisation of compoundable offences; proposes to introduce new concept of Small LLP

The Ministry of Corporate Affairs (MCA) has decided to initiate process of de-criminalisation of compoundable offence under LLP Act, 2008 for greater ease of doing business for law abiding LLPs. &n...

Major reforms have taken on corporate law by FM Union Budget 2021-22

While the Union Budget for the FY 2021-2022 was centered around framework advancement, the Honorable Finance Minister in her Budget Speech additionally referenced a few huge changes in the zone of ...

SEBI proposes to introduce provision relating to appointment/ re-appointment of WTD under LODR regulations

The market regulator, SEBI has proposed to insert a provision relating to appointment/ re-appointment of persons who fail to get elected as whole-time director whereby it has proposed that a person...

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