Foreword
We are pleased to present the latest edition of our quarterly newsletter, where we have covered significant amendments under company law, banking laws, securities laws and environmental laws.
Key Updates Under Corporate Laws
- Companies (Incorporation) Third Amendment Rules, 2023
- Regulatory Framework for Significant Beneficial Ownership in Limited Liability Partnerships
- Companies (Management and Administration) Second Amendment Rules, 2023
- Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023
- Implementation of Section 5 of Companies (Amendment) Act, 2020
Key Updates Under Banking Laws
- Amendment to the Master Direction on Know Your Customer ("KYC"
- RBI Invites Comments on Draft Master Direction on Managing Risks and Code of Conduct in Outsourcing of Financial Services
- Introduction of the Payment Aggregator – Cross Border Guidelines
- Fully Accessible Route’ for Investment by Non-residents in Government Securities – Inclusion of Sovereign Green Bonds
- Investments in AIFs
Key updates under Securities Law
- SEBI circular on 'credit of units of AIFs in dematerialised form', 2023
- SEBI (Listing Obligations and Disclosure Requirements) (Sixth Amendment) Regulations, 2023
- SEBI (Real Estate Investment Trusts) (Third Amendment) Regulations, 2023
- SEBI (Infrastructure Investment Trusts) (Third Amendment) Regulations, 2023
- SEBI (Investor Protection and Education Fund) (Second Amendment) Regulations, 2023
- SEBI Guidelines on Anti-Money Laundering Standards and Combating the Financing of Terrorism.
LKS Corporate Practice: Quarterly Update 2023 (October - December)