Category Archives: Regulatory

Nomination for Mutual Fund Units

SEBI directs AMCs to provide an Option for filing Nomination or Opting out for Mutual Fund Units Background: The Securities and Exchange Board of India (SEBI) vide its circular dated June 15, 2022 has made it mandatory for all the … Continue reading

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The Companies (Auditor’s Report) Order, 2020

Background: Companies Auditor Report Order(CARO) is an order which lists down the matters on which an auditor is required to report as per Section 143(11) of Companies Act, 2013. Thus, auditor of those entities on which CARO is applicable is … Continue reading

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Amendments in Existing FDI Policy

The Department of Promotion of Industry and Internal Trade, Ministry of Commerce & Industry vide its press note No. 1 (2022 Series) have made amendments in the FDI policy for permitting Investment in Life Insurance Corporation of India (LIC) and … Continue reading

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The Haryana State Employment of Local Candidates Act,2020

Background: The Haryana State Legislative Assembly has passed the Haryana State Employment of Local Candidates Act, 2020, to make responsible all employers in the private sector in the State of Haryana to provide 75% employment of new jobs to the … Continue reading

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Prompt Corrective Action Framework for NBFC’s [Effective from October 1, 2022]

RBI vide Circular RBI/2021-22/13DoS.CO.PPG.SEC.7/11.01.005/2021- 22, dated 14th December, 2021 has issued guidelines for a prompt  corrective action framework for non-bank finance companies. The PCA Framework for NBFCs comes into effect from October 1, 2022, based on the financial position of … Continue reading

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