Newsletter Contents:
SEBI Updates
MCA Updates
RBI Updates IBC Updates
Labour Law Updates
Press Information
IPO & Investment updates
IRDAI Updates
Department of Telecommunications
MSME Updates
Competition Commission of India
Current Affairs – FAQ’s
1. SEBI UPDATES:
| [Sl. | Particulars | Link |
| 1 | Names of the companies/Intermediaries/MIIs having complaints pending for more than 3 months on SCORES as on June 30, 2022 | Click Here |
| 2 | Status of SCORES complaints as on June 30, 2022 | Click Here |
| 3 | Consultation Paper on Applicability of SEBI PIT Regulations to MF units | Click Here |
| 4 | Caution to public against fraudulent calls / e-mails / messages about refund of money | Click Here |
| 5 | Modification in Cyber Security and Cyber resilience framework of Qualified Registrars to an Issue and Share Transfer Agents (QRTAs) | Click Here |
| 6 | Modification in Cyber Security and Cyber resilience framework of KYC Registration Agencies (KRAs) | Click Here |
| 7 | Investor Grievance Redressal Mechanism and Amendment to SEBI Circular no. SEBI/HO/DMS/CIR/P/2017/15 dated February 23, 2017 | Click Here |
| 8 | E-Auction Sale Notice for Sale of Immovable Property of Arun Panchariya (Recovery Certificate No. 3196/2020) | Click Here |
2. MCA – 21 UPDATES
| Sl. | Particulars | Link |
| 1 | Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules,2022 | Click Here |
| 2 | Companies (Incorporation) second Amendment Rules 2022 | Click Here |
| 3 | SALES NOTICE OF TESTEELS LTD | Click Here |
3. RBI / BANKS UPDATES
| Sl. | Particulars | Link |
| 1 | Asian Clearing Union (ACU) Mechanism – Indo-Sri Lanka trade | Click here |
| 2 | Inclusion of “Unity Small Finance Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934 | Click here |
| 3 | Master Direction on Interest Rate on Deposits – Foreign Currency (Non- resident) Accounts (Banks) Scheme [FCNR(B)] and Non-Resident (External) Rupee (NRE) Deposit | Click here |
| 4 | Formation of new districts in the State of Andhra Pradesh – Assignment of Lead Bank Responsibility | Click here |
| 5. | ‘Fully Accessible Route’ for Investment by Non-residents in Government Securities – Additional specified securities | Click here |
| 6. | Investment by Foreign Portfolio Investors (FPI) in Debt – Relaxations | Click here |
| 7. | Overseas foreign currency borrowings of Authorised Dealer Category-I banks | Click here |
| 8. | Reserve Bank of India – Bulletin Weekly Statistical Supplement – Extract | Click here |
| 9. | Reserve Bank holds 32nd Conference of State Finance Secretaries | Click here |
| 10. | RBI Working Paper No. 08/2022: Towards Atma Nirbhar Bharat: An Exploration of Linkages and Leakages | Click here |
4. IBC / INSOLVENCY LAW UPDATES
| Sl. | Particulars | Link |
| 1 | IBBI (Employees’ Service) (Amendment) Regulations, 2022 | Click here |
| 2 | In the matter of Mr. Sunil Kumar Agarwal, Insolvency Professional | Click here |
| 3 | Appointment of Smt. Anita Shah Akella as ex-officio member in the Insolvency and Bankruptcy Board of India | Click here |
| 4 | Shri Jayanti Prasad takes charge as Whole-time Member of Insolvency and Bankruptcy Board of India | Click here |
| 5 | In the matter of Mr. Avishek Gupta, Insolvency Professional | Click here |
5. LABOUR LAW UPDATES
| Sl. | Particulars | Link |
| 1 | As with farm laws, Government fails to consult unions on proposed ‘Labour Codes’ | Click Here |
| 2 | New Wage Code to be implemented soon: 5 Key things salaried person needs to know about new Labour laws | Click Here |
| 3 | Clarifications needed to implement the labour codes in the right spirit | VIEWS | Click Here |
| 4 | EPFO to disburse pension to over 73 lakh pensioners in one go soon: Report | Click Here |
| 5 | Salary Limit May Be Increased To ₹ 21,000 For Benefits Under EPF (Employee Provident Fund) | Click Here |
6. PRESS INFORMATION
| Sl. | Particulars | Link |
| 1 | Odisha, UP, AP emerge as top three states among General Category States in the 1st ‘State Ranking Index for NFSA’; Tripura, Himachal Pradesh and Sikkim take top three positions in the Special Category States/UTs | Click here |
| 2 | New material discovered can convert infrared light to renewable energy | Click here |
| 3 | National Commission for Women organises Capacity Building Training Programme for Women Traders of Manipur | Click here |
| 4 | Prime Minister to inaugurate Akhil Bharatiya Shiksha Samagam on implementation of NEP at Varanasi tomorrow | Click here |
| 5 | Revenue Deficit Grant of Rs. 7,183.42 crore released to 14 States | Click here |
| 6 | Rapidly charging E-cycle developed with Na-ion batteries and supercapacitors | Click here |
| 7 | Centre directs leading Edible Oil Associations to reduce prices by Rs. 15 with immediate effect | Click here |
| 8 | “Log Bhagidaari” pivotal for launching Jan Abhiyaan for vector control and elimination: Dr Mansukh Mandaviya to States ahead of monsoon season | Click here |
| 9 | APEDA organises farming demonstrations and farm training for students; Initiative is part of National Education Policy | Click here |
| 10 | Pradhan Mantri National Apprenticeship Mela to be conducted in 200 locations across India | Click here |
7. IPO & INVESTMENT SECTION
| Issuer Company | Exchange | Open | Close | Lot Size | Issue Price (Rs) | Issue Size (Rs Cr) |
| Healthy Life Agritec Limited IPO | BSE SME | Jul 13, 2022 | Jul 18, 2022 | 10000 | 10 | 10.00 |
Key Updates in Brief {Source- ET, BS etc.}
- Tata Motors said to plan IPO for its arm Tata Tech
Tata Motors is planning to publicly list its global product engineering and digital services subsidiary Tata Technologies and has appointed bankers for the initial public offering (IPO), according to reports.
This could be the first public float from the Tata Group since the ₹5,500-crore IPO of India’s largest software services exporter, Tata Consultancy Services, in 2004.
According to the reports, the automotive company has appointed Citigroup to explore options for the public issue.
While Tata Motors holds a 72.48% stake in Tata Technologies as of March 31, Alpha TC Holdings and Tata Capital Growth Fund own 8.96% and 4.48%, respectively. Its other investors include Tata Motors Finance, Tata Enterprises Overseas, Zedra Corporate Services, and Patrick Raymon McGoldrick.
- To read more: Click Here
2. Private equity firm General Atlantic exploring IPO
Private equity giant General Atlantic is exploring an initial public offering, Bloomberg News reported on Thursday, citing people with knowledge of the matter.
The company is working with advisers, but market turmoil could delay the stock listing, which may not happen until next year, the report said. General Atlantic declined to comment when contacted by Reuters.
Earlier this year, buyout firm TPG Inc went public after what was the biggest U.S. IPO so far of 2022. However, a risk-off sentiment has swept across global markets as threats of a looming recession spook investors, leading to a freeze in the market for IPOs.
- To read more: Click Here
3. Startups rethink IPOs as markets fall out of love with unicorns
Valuations of several new-age companies have taken a beating in the market for unlisted shares as the craze towards startups wanes, which could possibly delay their plans to go public. PharmEasy, Oyo, Boat and Ixigo have seen a sharp fall in value in the past six months, according to people dealing in the unlisted equity market.
This could make promoters and private equity investors hesitant to go for a public issue of shares. The weak stock market performance of Paytm, Policybazaar post their IPO will also weigh on investor minds, they said.
“Domestic investors have realised that if a private equity is taking exit in a stock, then the scope of upside in share prices is extremely minimal,” said Sarffin Financial Advisors director Rahul Thalia. “Be it PB Fintech (Policybazaar) or Paytm, they have shown that overpriced companies quickly lose investors’ favour; high valuations are insupportable in the longer term. Now, investors have returned to companies like NSE (National Stock Exchange) or CSK (Chennai Super Kings) where they see more value.”
- To read more: Click Here
8. IRDAI – INSURANCE UPDATES
| Sl. | Particulars | Link |
| 1 | Sophisticated Add-Ons to Motor – Own Damage policy | Click here |
| 2 | New Business Statement of Life Insurers for the Period ended 30th June, 2022. | Click here |
| 3 | New Business Data as at 30.06.2022 (Line of Business wise) | Click Here |
9. DEPARTMENT OF TELECOMMUNICATIONS (DOT)
| Sl. | Particulars | Link |
| 1 | Team of DoT officers visits offices of M2M Service Providers to see M2M/IoT technology solutions/offerings developed by them | Click here |
| 2 | Steering Committee deliberates roadmap for 53rd International Film Festival of India (IFFI) | Click here |
| 3 | National Internet Exchange of India(NIXI) introducing Internet Exchanges in Durgapur and Bardhaman to improve quality of Internet and Broadband services in West Bengal and nearby regions | Click here |
| 4 | Second day of ‘India Stack Knowledge Exchange’ witnesses brainstorming discussion and knowledge sharing on Health Stack, Agri-Stack, Skilling Stack and Digital Inclusion | Click here |
| 5 | The major objectives of #NationalBroadbandMission can be met by following certain parameters. Let’s look at them here. To know the other details of how the Mission is bringing #BroadbandForAll, | Click here |
10. MSME / SME UPDATES
| Sl. | Particulars | Link |
| 1 | CMD, IREDA addresses “MSME Banking Conclave 2022” | Click here |
| 2 | 5 new govt schemes to uplift MSMEs and help them stay relevant | Click here |
| 3 | Legal support to help MSMEs tackle challenges | Click here |
| 4 | IREDA to increase MSME participation in renewable energy by offering more loans | Click here |
| 5 | PM Modi launches RAMP scheme for MSMEs, CBFTE scheme for first- time exporters | Click here |
11. COMPETITION COMMISSION OF INDIA (CCI)
| Sl. | Particulars | Link |
| 1 | CCI Approves Acquisition of Citrix Systems, Inc. | Click here |
| 2 | Competition Commission of India takes on Big Tech, but needs sharper laws to deliver final blow | Click here |
| 3 | Karnataka High Court Extends Time For Google India To Reply To CCI Probe On Playstore Payment Policy | Click here |
12. CABINET DECISIONS / NEW ACTS
| Sl. | Particulars | Link |
| 1 | Notification issued to include compliance with Fuel Consumption Standards ( FCS), for light, medium and heavy duty motor vehicles of various categories, manufactured in, or imported by, India | \ Click here |
| 2 | MoD approves three Private Sector Banks to provide financial services in overseas procurement | Click here |
| 3 | Union Finance Minister Smt. Nirmala Sitharaman chairs meeting with heads of Public Sector Banks and Regional Rural Banks (RRBs) | Click here |
| 4 | Ministry of Women and Child Development issues Guidelines for Mission Vatsalya Scheme | Click here |
13. CURRENT AFFAIRS QUIZ (TAKEN FROM VARIOUS SOURCES)
| Sl. | Questions | Answers |
| 1 | Which state received approval for a USD 300 million World bank- funded school education project? | Chhattisgarh |
| 2 | ‘Mission Vatsalya’, which was seen in the news, is a scheme implemented by which Union Ministry? | Ministry of Women and Child Development |
| 3 | ‘Convention for the Safeguarding of the Intangible Cultural Heritage (ICH)’ is associated with which institution? | UNESCO |
| 4 | What is the name of the single repository of all Indian government’s digital projects, to be shared with the world? | Indiastack. global |
| 5 | Who has been named as India’s new Sherpa for the G-20, after Piyush Goyal? | Rs 2516 Crore |
| 6 | Which institution released the ‘Global Findex database 2021’? | World Bank |
| 7 | Which city is the host of ‘2022 Global biodiversity conclave’? | Bonn |
| 8 | Which company launched ‘Startup School India (SSI)’ initiative? | |
| 9 | Which city was ranked first in India in the EIU ‘Global Liveability Index 2022’? | New Delhi |
| 10 | Fields Medal, which was seen in the news recently, is associated with which field? | Mathematics |
Top 5 Current Affairs:
- The Central Board of Secondary Education (CBSE) has launched a new portal named Pariksha Sangam.
- The Reserve Bank has launched the next round of its order books, inventories and capacity utilisation survey (OBICUS) of manufacturing companies.
- The consumer may lodge a complaint on the National Consumer Helpline (NCH) 1915 or through the NCH mobile application, as per the Union Ministry of Consumer Affairs, Food and Public Distribution.
- Prime Minister Narendra Modi inaugurated the Digital India Week 2022 in Gandhinagar in Gujarat. The theme for Digital India Week is Catalyzing New India’s Techade.
- The UN Ocean Conference 2022 concluded with the unanimous adoption of the Lisbon
Declaration “Our Ocean, our future, our responsibility.”
The End
Disclaimer: This write – up is prepared as a Knowledge Sharing Initiative. *Every effort has been made to avoid errors or omissions in this material. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. . In no event the author shall be liable for any direct, indirect, special or incidental damage resulting from or arising out of or in connection with the use of this information.