Introduction
Edition 35th 22-23
Week – December 12th to December 16th
Quote for the week:
“If opportunity doesn’t knock, build a door”
– Milton Berle.
We welcome you to our weekly newsletter!
The ‘Swift e-Bulletin’ - weekly newsletter, covers all regulatory updates and critical judgements passed during the week. We hope that you liked our previous editions and found it to be of great value in its content. We want this newsletter to be valuable for you so, please share your feedback and suggestions to help us improve.
Further, various regulatory authorities have been proactive in bringing significant regulatory changes in recent challenging times. This week’s newsletter covers various circulars/notifications issued by certain regulatory authorities such as the Reserve Bank of India (“RBI”) and Insolvency and bankruptcy Board of India (“IBBI”) and orders from High court
The Regulatory authorities provided various updates/relaxations, some of which being:
- RBI vide Circular on December 12, 2022 issued Master Direction on Foreign Exchange Management (Hedging of Community Price Risk and Freight Risk in Overseas Markets) Directions, 2022.
- IBBI vide Notification dated December 12, 2022 issues the Insolvency Professional to act as an Interim Professional, Liquidator, Resolution Professional and Bankruptcy Trustee Guidelines, 2022.
We have prepared a comprehensive summary for quick reference of the aforesaid updates and Judgements / orders issued during the week of December 12th to December 16th, 2022.
Thank you,
Swift team
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