This edition of the Corporate InVision covers recent notifications and circulars issued by the Reserve Bank of India, Securities and Exchange Board of India, Ministry of Commerce and Industry, Ministry of Micro, Small and Medium Enterprises, and Ministry of Electronics and Information Technology. Some of the significant developments include:
- Classification of multiple non-banking financial companies in a group.
- Segregation of client’s funds and securities by portfolio managers.
- Two-factor authentication for mutual fund transactions.
- Reduction in minimum face value/trading lot for debt securities and non-convertible redeemable preference shares.
- Execution of demat debit and pledge instruction.
- Credit Guarantee Scheme for Start-ups.
- Availment of non-tax benefits by MSMEs for 3 (three) years from re-classification.
- Amendment of the First Schedule to the Information Technology Act, 2000.
For further details, please refer to the below document.
