Introduction
Edition 31st 23-24
Week – January 01st to January 06th
Quote for the week:
“Life is like riding a bicycle. To keep your balance, you must keep moving.”
– Albert Einstein (Theoretical physicist)
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”), Reserve Bank of India (“RBI”) and International Financial Services Authority (“IFSCA”).
The Regulatory authorities provided various updates/relaxations, some of which being:
- SEBI vide Notification dated January 03, 2024 issued Implementation of Section 35 of Unlawful Activities (Prevention) Act 1967.
- RBI vide Notification dated December 21, 2023 issued Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023.
We have prepared a comprehensive summary for quick reference of the aforesaid updates and Judgements / orders issued during the week January 01st to January 06th.
Thank you,
Swift team
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