India

Securities / Derivatives

Splitting Chairman, MD, CEO Roles No Longer Mandatory: SEBI

By Sanday Chongo Kabange | 17/02/2022

Only 54 percent of the listed companies in scope had complied with the rule as of end-2021, so it will instead become voluntary.

India Establishes New Disclosure Framework for CSR Spending

By Ranamita Chakraborty | 16/02/2022

The Ministry of Corporate Affairs has released a new form for companies to use when reporting information on their CSR spending.

Securities / Derivatives

RBI Allows Banks to Deal in Foreign Currency Settled OIS

By Editors | 15/02/2022

AD Cat-I banks are eligible to offer foreign currency settled overnight indexed swaps to persons not resident in India as well as to other AD Cat-I banks.

Securities / Derivatives

RBI Finalises Master Directions for Credit Derivatives Market

By Manesh Samtani | 14/02/2022

The revised directions are aimed at helping to develop more liquidity in the corporate bond market, especially for the bonds of lower-rated issuers.

Securities / Derivatives

SEBI Revises Format for Abridged Prospectus Disclosures

By Editors | 13/02/2022

The format has been revised to offer greater simplicity, clarity and consistency in the disclosures, and to ensure additional critical information is provided to investors.

Securities / Derivatives

SEBI Directs Fund Managers to Constitute Audit Committees

By Sanday Chongo Kabange | 12/02/2022

AMC audit committees will have obligations to review findings of suspected fraud, irregularities, internal control failures, and other issues highlighted by whistleblowers.

Securities / Derivatives

RBI Raises Cap on FPI Investment in Debt Securities

By Editors | 11/02/2022

The INR 1.5 trillion limit on FPI investment via the ‘Voluntary Retention Route’ has been nearly exhausted. The new INR 2.5 trillion limit takes effect on 1 April.

Securities / Derivatives

India Mutual Funds to Start Ind AS Reporting from April 2023

By Editors | 10/02/2022

From 1 April 2023, all AMCs will be required to prepare the financial statements in accordance with Indian Accounting Standards, known as Ind AS.

SEBI Introduces New Framework for Special Situation Funds

By Editors | 04/02/2022

Special situation funds can invest in stressed loans, security receipts issued by ARCs, or securities of distressed investee companies.