Is India’s Data Protection Bill really protecting its people and their data?
The Bill has been criticised for focusing more on government’s interests than on data owners’ privacy With the advancement in technology, devices connected to the internet can pick up a…
Sebi mulls dispute resolution mechanism to boost investor protection
Sources say Sebi is studying feasibility of introducing arbitration mechanism to settle disputes between investors and listed firms or clients and any regulated intermediary Market regulator Securities and Exchange Board…
Irdai reduces obligatory cession of premiums to GIC Re to 4% from FY23
Obligatory cession refers to the part of the business that general insurers have to mandatorily cede to the national reinsurer, GIC Re The insurance regulator has reduced the obligatory cession…
RBI seeks details of NBFCs’ ‘buy now, pay later’ deals with e-tailers
It may be recalled that the RBI’s Financial Stability Report of December 2021 had called attention to the retail credit growth model confronting headwinds The ‘buy now, pay later’ (BNPL)…
Sebi tightens rules governing utilisation of IPO proceeds
Synopsis The regulator has prescribed certain conditions for offer-for-sale (OFS) to the public in an IPO, where draft papers are filed by an issuer without a track record. New Delhi,…
Ulips bought after Jan 2021 will be tax exempt only under these conditions: Govt issues rules
Synopsis Budget 2021 had proposed to remove the tax-exempt status on the proceeds of ULIPs if the annual premium exceeded Rs 2.5 lakh. However, there were a lot of ambiguities…
Registration of Assignment of Receivables (Reserve Bank) Regulations, 2022
January 14, 2022 In exercise of the powers conferred by section 19 (1A) read with Section 31A of the Factoring Regulation Act, 2011 (12 of 2012), the Reserve Bank of…
Registration of Factors (Reserve Bank) Regulations, 2022
January 14, 2022 Registration of Factors (Reserve Bank) Regulations, 2022 In exercise of the powers conferred by section 3 read with Section 31A of the Factoring Regulation Act, 2011 (12…
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/1989 ISIL (Da’esh) & Al-Qaida Sanctions List: Deletion of 3 entries
January 18, 2022 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016…
Guidelines under clause (10D) section 10 of the Income-tax Act, 1961
Dated: 19th January, 2022 Clause (10D) of section 10 of the Income-tax Act, 1961 (the Act) provides for income-tax exemption on the sum received under a life insurance policy, including…