Some equity research firms shutting shops after Sebi’s new guidelines on research analysts, ET LegalWorld
Markets regulator Sebi’s new guidelines on research analysts (RAs) are forcing several equity research firms publicly announcing plans to shut down their shops due to heightened compliance and operational requirements. The Securities and Exchange Board of India (Sebi), on January 8, came out with guidelines for Research Analysts in a bid to curb fraudulent stock […]
Protection against arbitrary arrest and coercion by GST officers; CBIC changes arrest and bail guidelines under GST, ET LegalWorld
Now a Goods and Service Tax (GST) proper officer can’t arbitrarily arrest a GST registered person due to a recent amendment in GST arrest instructions. Moreover, now GST proper officers have to explain to the taxpayers about the ‘grounds of arrest’ and also obtain a written acknowledgement from them about their understanding of the explanation. […]
Govt to frame guidelines on seizure of digital, paper records amid privacy concerns, ET LegalWorld
The Union government is preparing a unified set of guidelines for the seizure and handling of documents, both digital and paper, by investigative agencies, reported TOI. This comes as the focus shifts towards protecting personal conversations and documents unrelated to alleged crimes during investigations. A recent Supreme Court ruling had put a hold on the […]
SEBI issues guidelines on eased rules for passive funds, ET LegalWorld
India’s markets regulator on Tuesday issued the eligibility criteria that passively managed mutual funds will have to meet to access its eased rules, including setting up a minimum assets under management (AUM) threshold. The Securities and Exchange Board of India (SEBI) had first proposed a series of easier rules for such mutual funds in July, […]
MMRDA issues guidelines to curb dust pollution from construction activities, ET LegalWorld
The Mumbai Metropolitan Region Development Authority has issued stringent guidelines to curb dust pollution caused by construction activities. In a release issued on Saturday, the MMRDA said these measures are a critical step towards improving Mumbai’s air quality and ensuring sustainable urban development. The new guidelines outline immediate actions to control dust, monitor construction activities, […]
Sebi revises guidelines on mobile and e-mail alerts for investors, ET LegalWorld
Capital markets regulator Sebi on Tuesday revised its guidelines on the use of shared mobile numbers and e-mail addresses by stock brokers for investor alerts with an aim to enhance operational convenience. The updated rules, effective immediately, aim to strike a balance between regulatory compliance and operational flexibility for brokers. Under the revised framework, Sebi […]
Sebi asks MIIs to resolve whistleblower complaints in 60 days, outlines guidelines on governance, ET LegalWorld
Sebi on Friday came out with guidelines to strengthen accountability and improve governance of stock exchanges and other market infrastructure institutions (MIIs) by asking them to resolve whistleblower complaints within 60 days of receipt. Additionally, Sebi asked MIIs, comprising stock exchanges, clearing corporations and depositories, to adopt RegTech (regulatory technologies) and SupTech (supervision technologies) for […]
SC lays down pan-India guidelines on demolition of properties, ET LegalWorld
Coming down hard on instant ‘bulldozer justice’, the Supreme Court on Wednesday laid down pan-India guidelines on demolition of properties and said the Executive cannot become a judge, declare an accused as guilty and demolish his house.A bench of Justices B R Gavai and K V Viswanathan said it will be “totally unconstitutional” if houses […]
SC lays down pan-India guidelines, says Executive can’t replace Judiciary, ET LegalWorld
Coming down hard on ‘bulldozer justice’, the Supreme Court on Wednesday laid down pan-India guidelines on demolition of properties and said the Executive cannot become a judge, declare an accused as guilty and demolish his house. “If the Executive, in an arbitrary manner, demolishes the house of a citizen only on the ground that they […]
Supreme Court Questions Uttarakhand Health DG on ICU Guidelines Alterations, ET LegalWorld
The Supreme Court has rebuked Uttarakhand’s director general (DG) of health for suggesting modifications to a previous court order concerning guidelines for intensive care units (ICUs) and critical care units (CCUs). The order, issued on July 23, instructed states to submit suggestions to standardise ICU protocols nationwide. During the proceedings which took place Monday, the […]