Tech industry bats for deeptech fund, tweaks in safe harbour rules’ threshold, ET LegalWorld
India’s apex IT industry body Nasscom has batted for tweaks in safe harbour rules and widening the scope for utilisation of SEZ reinvestment reserves in its Budget wishlist, while advocating for creation of a central deeptech fund to bolster startup ecosystem in India. Creation of a grant framework for the deeptech ecosystem, and making the […]
Regular IBC tweaks needed to address bankruptcy challenges, says Corporate Affairs Ministry, ET LegalWorld
The corporate affairs ministry has underscored the need for a “continuous refinement” in the Insolvency and Bankruptcy Code (IBC) to address future challenges in corporate recast effectively. In an internal communication dated October 30, the ministry said: “The Code’s adaptability to evolving business landscapes ensures that it remains dynamic and responsive, while its continuous refinement […]
IBBI tweaks norms to speed up insolvency resolution in housing, ET LegalWorld
The insolvency watchdog has tweaked regulations to allow the hiring of an interim representative for a group of creditors like homebuyers until the bankruptcy court approves the final appointment to expedite the rescue of stressed real estate companies. “This interim representative will have the same rights and duties as an authorised representative in meetings of […]
GoM on GST rate rationalisation to meet on September 25 to discuss slab, rate tweaks, ET LegalWorld
New Delhi: The ministerial panel on GST rate rationalisation will meet on September 25 and is expected to discuss tweaking of tax slabs and rates. “The meeting of the GoM on rate rationalisation is scheduled for September 25 in Goa,” an official told PTI. The six-member Group of Minister (GoM) under Bihar Deputy Chief Minister […]
Sebi tweaks framework on margin trading facilities, Legal News, ET LegalWorld
To promote ease of doing business, markets regulator Sebi on Wednesday allowed securities funded through cash collateral to be considered as maintenance margin for margin trading facility (MTF). The move will also help alleviate the burden of additional collateral towards the maintenance margin for the margin trading facility. The development took place after the Securities […]
Sebi tweaks Foreign Venture Capital Investors’ registration, eligibility criteria, ET LegalWorld
Capital markets watchdog Sebi has notified rules to streamline the framework for the registration of Foreign Venture Capital Investors (FVCIs). Under this, the process of granting registration to FVCIs and processing other post-registration references has been delegated to designated depository participants (DDPs) in line with provisions prescribed for FPIs (Foreign Portfolio Investors). An applicant seeking […]