Shivani Jain

Shivani has completed her B com LLB (Hons) and has the experience of writing various research papers during her college time. Earlier she was working as an Associate in a Delhi based Law Firm, but her interest in writing made her pursue Legal Content Writing as a career. Her core area of interest is in writing about various legal enactments, tax, and finance.

Changes Bought in IBBI (Liquidation Process) (Amendment) Regulations 2021

The Insolvency and Bankruptcy Board of India (IBBI), by way of the powers provided by section 196 (1) (t), read with the provisions of section 240 of the Insolvency and Bankruptcy Code 2016, has notified the IBBI (Liquidation Process) (Amendment) Regulations 2021. The same was done through a Notification issued on 04.03.2021. Also, it shall […]

SEBI Reviews Norms for Investment in Special Features Instruments, Segregated Portfolio & Perpetual Bonds

On 10.03.2021, SEBI, through the powers given under the provision of section 11 (1) of the SEBI Act 1992, read with the provisions of Regulation 77 of the SEBI (Mutual Funds) Regulations 1996, has reviewed the norms for investment in special features instruments, segregated portfolio, and perpetual bonds. The same has been notified by the […]

Obligations of Insurers towards ASHA and MGNREGA workers Notified by IRDAI

The Insurance Regulatory and Development Authority of India (IRDAI), on 11.03.2021, has notified the obligations of Insurers towards ASHA and MGNREGA workers. The same was notified through the Notification No IRDAI/ Life/ MISC/ Cir/ 046 / 03/ 2021. Also, it shall be noted that the said IRDAI notification has come into effect on an immediate […]

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Insurance (Amendment) Act 2021: A Complete Guide

Recently, the GOI (Government of India) has passed the Insurance Amendment Act 2021, on 25.03.2021, to amend the provisions of the Insurance Act 1938. Further, the said amended act has received the presidential assent on 25.03.2021 and will come into effect from the date chosen for publication by the Central Government. In this learning blog, […]

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Framework of Risk Based Internal Audit will be Applicable on NBFCs and UCBs

The Reserve Bank of India (RBI) on 03.02.2021, by way of Notification No DoS. CO. PPG. / SEC. 05/ 11.01.005/ 2020-21 has increased the applicability of Risk Based Internal Audit. That means the framework of Risk Based Internal Audit will be applicable to NBFCs and UCBs as well. Further, the concept of RBIA was firstly […]

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SEBI Issued Guidelines for Business Continuity Plan and Disaster Recovery

The Securities and Exchange Board of India, on 22.03.2021, has issued a Circular No SEBI/HO/MRD1/DTCS/CIR/P/2021/33 regarding the guidelines for Business Continuity Plan and Disaster Recovery. It was issued by SEBI under the ambit of powers conferred under section 11 subsection (1) of the SEBI Act 1992. Further, it shall be noted that the said circular […]

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SEBI (Research Analysts) (Amendment) Regulations 2021: A Guide

The Securities and Exchange Board of India, by way of the powers given under the provisions of section 30 subsection (1), read with section 11 subsection (2) clause (b) of the SEBI Act 1992, has passed a Notification No SEBI/LAD–NRO/GN/2021/09 on 16.03.2021,concerning the SEBI (Research Analysts) (Amendment) Regulations 2021. Further, these amended rules seek to […]

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Delivery Default Norms Amended by SEBI

The Security and Exchange Board of India on 23.03.2021, by way of a Circular No SEBI/HO/CDMRD/DRMP/CIR/P/2021/35, has declared amendment in the Delivery Default Norms. The amendment relates to the new penal structure for the commodity derivatives segment on the occasion of delivery default. Further, the said Circular was in reference to SEBI/HO/CDMRD/DRMP/CIR/P/2016/90, issued on 21.09.2016, […]

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RBI Extended the Cheque Truncation System across all Bank Branches

The Reserve Bank of India (RBI), on 15.03.2021, has passed a Notification No RBI/2020-21/ 107 DPSS.CO.RPPD.No.SUO 21102/04.07.005/2020-21, which states that the Apex Bank has extended the Cheque Truncation System across all bank branches. The notification is issued in reference to Statement on Developmental & Regulatory Policies, dated 05.02.2021, wherein the RBI had announced PAN-India coverage […]

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MCA Notified Amendment in Section 92 of the Companies Act 2013

On 05.03.2021, the Ministry of Corporate Affairs (MCA), in consultation with the Central Government, has passed a notification stating that the provisions of section 23 clause (i) of the Companies (Amendment) Act 2017 will come into effect from the said date. Further, it shall be noted that the provisions of section 23 clause (i) deals […]