News and Updates Issue 10 Duration March 16-31, 2019

Law and order are always and everywhere the law and order which protect the established hierarchy.

HERBERT MARCUSE, GERMAN-BORN AMERICAN PHILOSOPHER

BANKING AND FOREIGN EXCHANGE

  • The Reserve Bank of India (RBI) has issued a notification RBI/2018-19/138 dated March 07, 2019 prescribing the guidelines / instructions for setting up, owning and operating White Label ATMs (WLAs) in India.
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  • The Reserve Bank of India (RBI) has issued a notification RBI/2018-19/151dated March 27, 2019 Non-resident Participation in Rupee Interest Rate Derivatives Markets (Reserve Bank) Directions, 2019.
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  • The Reserve Bank of India (RBI) has issued a notification RBI/2018-19/152 A.P. (DIR Series) Circular No. 26 dated March 27, 2019 Investment by Foreign Portfolio Investors (FPI) in Government Securities Medium Term Framework.
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  • The Reserve Bank of India (RBI) has issued a notification RBI/2018-19/154 A.P. (DIR Series) Circular No. 27 dated March 27, 2019 Establishment of Branch Office (BO) / Liaison Office (LO) / Project Office (PO) or any other place of business in India by foreign entities.
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  • The Reserve Bank of India (RBI) has issued a notification RBI/2018-19/155 P. (DIR Series) Circular No.28 dated March 28, 2019 Foreign Exchange Management (Deposit) Regulations, 2016 - Opening of NRO Accounts by Long Term Visa (LTV) holders, changes related to Special Non-Resident Rupee (SNRR) Account and Escrow Account.
    For more information, please access –ReadMore

COMPETITION LAW

ENERGY

MINING

  • 30 countries face higher resource nationalism risk — report [March 22, 2019]
    According to global risk consultancy Verisk Maplecroft's latest Resource Nationalism Index (RNI) report, a total of 30 countries have registered a significant increase in resource nationalism risk metrics over the past year, 21 of which are considered major producers of oil, gas and minerals.The RNI is aimed to measure the risk of expropriation, the imposition of more stringent fiscal regimes, and the pressure for companies to source goods and services from local providers. Countries are also rated and ranked based on these risk metrics.Eight countries now have the 'extreme risk' rating (starting from highest risk): Venezuela, DRC, Tanzania, Russia, North Korea, Zimbabwe, Swaziland and Papua New Guinea.
    For more information, please access –
    http://www.mining.com/30-countries-face-higher-resource-nationalism-risk-report/

NEWS

  • The Securities and Exchange Board of India (SEBI) issues consultation paper on differential voting rights [March 20, 2019]
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  • Reserve bank of India (RBI) likely to change disclosure norms for bonds [March 21, 2019]
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  • Government notifies new rules for drugs and clinical trials [March 25, 2019]
    For more information, please access –ReadMore 
  • The Securities and Exchange Board of India (SEBI) new norms will ensure uniformity in valuation of high-risk papers [March 26, 2019]
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  • The Securities and Exchange Board of India (SEBI) defers provision for shareholder nod for related party royalty payments [March 27, 2019]
    For more information, please access –ReadMore 
  • Reserve bank of India (RBI) eases office opening process for foreign entities [March 28, 2019]
    For more information, please access –ReadMore 

 

Disclaimer (a) “This information has been gathered from various sources. Nothing herein is or may be construed as legal advice”.