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Swift e-Bulletin

Introduction

Edition 28th 23-24

Week – November 27th to December 2nd   

Quote for the week:

“Either write something worth reading or do something worth writing.”

–  Benjamin Franklin (American author)

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 Securities and Exchange Board of India (“SEBI”) and International Financial Services Centres Authority (“IFSCA”)

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

  1. SEBI vide circular dated December 01, 2023 issued extension     of timeline     for     implementation     of     provisions     of circular SEBI /HO /OIAE /IGRD /CIR /P /2023 / 156   dated   September   20, 2023 on Redressal of investor grievances through the SEBI Complaint Redressal (SCORES) Platform and linking it to Online Dispute Resolution platform.
  2. IFSCA vide Circular dated November 22, 2023 issued Procedure for implementation of Section 12A of "The Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005" and Section 51A of Unlawful Activities (Prevention) Act, 1967

We have prepared a comprehensive summary for quick reference of the aforesaid updates and Judgements / orders issued during the week November 27th to December 02nd.

Thank you,

Swift team


REGULATORY UPDATES

SEBI

  1. SEBI vide circular dated December 01, 2023 issued extension     of timeline     for     implementation     of     provisions     of circular SEBI /HO /OIAE /IGRD /CIR /P /2023 / 156   dated   September   20, 2023 on Redressal of investor grievances through the SEBI Complaint Redressal (SCORES) Platform and linking it to Online Dispute Resolution platform

IFSCA

  1. IFSCA vide Circular dated November 22, 2023 issued Procedure for implementation of Section 12A of "The Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005" and Section 51A of Unlawful Activities (Prevention) Act, 1967
  2. IFSCA vide circular dated November 28, 2023 issued allocation of Indian Financial System Code (IFSC code) to IBUs

JUDGEMENTS/ ORDERS

SEBI ORDER

  1. Adjudication order in the matter of inspection of Stock Holding Corporation of India Limited

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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