Articles by Affluence Advisory

SEBI mandates AIFs to make investment in Demat form and appointment of Custodian for all the Categories

Posted by Affluence Advisory 09 December 2023 907 Views

Securities and Exchange Board of India (SEBI) at its 203rd meeting held on Saturday, November 25, 2023, amended the SEBI (Alternative Investment Funds) Regulations, 2012 to facilitate ease of compliance and strengthen the protection of interest of investors in Alternative Investment Funds.

Master Direction on IT Governance, Risk, Controls and Assurance Practices from RBI

Posted by Affluence Advisory 08 December 2023 923 Views

Provide a structure and strong governance framework for technology in the Banking and Financial segment. The regulators have been working in this direction of strengthening control frameworks for technology services including outsourcing

Significance vis-a-vis Repercussions of Non-Appointment of Company Secretary

Posted by Affluence Advisory 29 November 2023 766 Views

The Companies Act has strengthened the role and position of the company secretaries. In particular, it considers a company secretary as key managerial personnel.

Middle-Layer NBFCs: Navigating Scale-Based Regulations

Posted by Affluence Advisory 25 November 2023 1571 Views

As per Master Direction - Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023 (hereinafter referred to as "SBR Master Direction" or "Master Direction on SBR") dated 19 October 2023

RBI's Latest Move: Guidelines for Unsecured Loans by Banks and NBFCs

Posted by Affluence Advisory 22 November 2023 2283 Views

In October 2023, the Reserve Bank of India's Monetary Policy Committee decided to maintain the status quo as far as policy rates were concerned. However, the Governor came down hard on the unbridled growth in the unsecured loans portfolio of banks. These loans have grown significantly faster than the overall credit growth in the banking system.

SEBI Enhances Investor Protection and Education Fund Regulations for Greater Transparency

Posted by Affluence Advisory 16 November 2023 1116 Views

The Securities and Exchange Board of India (SEBI) has continued its commitment to safeguarding investors and enhancing the transparency and efficiency of financial markets with its latest amendment to the Securities and Exchange Board of India (Investor Protection and Education Fund) Regulations, 2009.

Registration of Credit Information Companies (CIC)

Posted by Affluence Advisory 10 November 2023 3751 Views

Credit Information Company (“CIC”) or Credit Bureau is an RBI-licensed and authorized organization.

One Director, One DIN: Legal Framework and Implications on Multiplicity of DIN

Posted by Affluence Advisory 09 November 2023 1727 Views

A Director Identification Number (DIN) is a unique 8-digit alphanumeric number issued by the Ministry of Corporate Affairs (MCA) in India to individuals who wish to become directors of companies. It is a mandatory requirement for anyone who wants to hold the position of director in an Indian company.

Exemption to Private Limited Companies in Purview of Companies Act 2013

Posted by Affluence Advisory 03 November 2023 3040 Views

In exercise of the powers conferred by clauses (a) and (b) of sub-section (1) of section 462 and in pursuance of sub-section (2) of section 462 of the Companies Act, 2013 (18 of 2013) (hereinafter referred to as the said Act), the Central Government, in the interest of public

Issue of securities in Dematerialized form by Private Companies and Unlisted Public Companies

Posted by Affluence Advisory 31 October 2023 1888 Views

Ministry Of Corporate Affairs vide its notification dated 27th October 2023 has inserted new Rule 9B in the Companies (Prospectus and Allotment of Securities) Rules, 2014 (hereinafter referred to as the said rules).