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notification in Official Gazette the Securities and Exchange Board of India (Ombudsman) Regulations, 2003 shall stand repealed.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