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Swift e-Bulletin

Introduction

Edition 17th 23-24

Week – August 21st to August 25th

Quote for the week:

"You only live once, but if you do it right, once is enough”

                                –  Mae West (American Actress)

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 Ministry of Corporate Affairs (“MCA”) and Securities and Exchange Board of India (“SEBI”)

The Regulatory authorities provided various updates/relaxations, some of which being:

  1. MCA vide Circular dated August 23, 2023 waived the additional fees for filing of various forms for Limited Liability Partnership (LLP).
  2. SEBI vide Notification dated August 22, 2023 issued SEBI (Depositories and Participants) (Second Amendment) Regulations, 2023.

We have prepared a comprehensive summary for quick reference of the aforesaid updates and Judgements / orders issued during the week of August 21st to August 25th.

Thank you,

Swift team


REGULATORY UPDATES

SEBI

  1. SEBI vide Notification dated August 22, 2023 issued SEBI (Depositories and Participants) (Second Amendment) Regulations, 2023
  2. SEBI vide Notification dated August 23, 2023 inserted Chapter VI in SEBI (LODR) Regulations, 2015
  3. SEBI vide Notification dated August 22, 2023 issued Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Third Amendment) Regulations, 2023
  4. SEBI vide Circular dated August 24, 2023 mandated additional disclosures by Foreign Portfolio Investors (“FPIs”) that fulfil certain objective criteria
  5. SEBI vide Circular dated August 24 issued Modification in Cyber Security and Cyber Resilience framework of Stock Exchanges, Clearing Corporations and Depositories

MCA

  1. MCA vide Circular dated August 23, 2023 waived the additional fees for filing of various forms for Limited Liability Partnership (LLP

 

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About Swift

Swift India Corporate Services LLP (“Swift”) (Formerly known as SwiftIndiaInc Corporate Services Private Limited) established in the year 2005, is an associate entity of Nishith Desai Associates — Legal & Tax Counseling Worldwide (legal and tax consulting firm).

We are a team of professionals with rich corporate, legal and secretarial backgrounds. We are a premier corporate compliance firm that caters to the needs and demands of our global clients. Swift aims to provide quick and pragmatic corporate solutions alongside high-quality compliances.

  


 

Swift India Corporate Services LLP

 

Regd. Office: 91-92 B, Mittal Court, Nariman Point, Mumbai 400 021, India

LLPIN: AAH-4705, registered under the Limited Liability Partnership Act, 2008

Tel +91 22 6669 5000, Fax +91 22 6669 5001

 


www.swiftindiallp.com