Latest Updates on SEBI, MCA, RBI, IBC, Labour Law, and More
Weekly Newsletters

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

WEEKLY CORPORATE AFFAIRS FROM 26.03.2024 TO 02.04.2024

  1. SEBI Updates:
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1Motilal Oswal Financial Services Limited – Draft ProspectusClick Here
2Viniyamika Issue – 18Click Here
  3Warning Letter issued to Universal Research (Proprietor – Pritam Dabiya) – Unregistered Investment Adviser  Click Here

2. MCA – 21 Updates

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          11. All eligible companies are requested to file e-form CSR-2 for the financial year 2022-23 on or before due date i.e. 31.03.2024 to avoid penal action by the Ministry of Corporate Affairs. Please ignore, if already filed.   2. All eligible companies are requested to incur prescribed CSR expenditure pursuant to Section 135 of the Companies Act, 2013 read with Companies (CSR Policy) Rules, 2014 on or before closing of the current financial year i.e. 31.03.2024 to avoid penal action by the Ministry of Corporate Affairs. Please ignore, if already complied.   Stakeholders please note that CSR-2 PDF to be saved after affixing DSC before uploading on V2 portal              Click Here

                    3.  RBI / Banks Updates

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1Investments in Alternative Investment Funds (AIFs)Click Here
2Currency Chests (CCs) operations on March 31, 2024         Click here
3Reserve Bank of India – Bulletin Weekly Statistical Supplement – ExtractClick here
4Lending and Deposit Rates of Scheduled Commercial Banks – March 2024Click here
5Meeting Schedule of the Monetary Policy Committee for 2024-2025         Click here
6Sources of Variation in India’s Foreign Exchange Reserves during April-December 2023Click here

4. IBC / Insolvency Law updates

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1Approval of Resolution Plan – Modern Syntex (India) Limited {IA (IBC) No. 169 & 203-JPR-2023 in CP No. (IB)- 39(PB)-2018]Click here
2Approval of Resolution Plan – Omansh Enterprises Limited [I.A. 6322-ND-2023 in C.P. No. IB- 262-PB-2022]Click here
3Approval of Resolution Plan – Hanung Toys and Textiles Limited [I.A. 4441-2023 in C.P. No. IB- 953-PB-2018]Click here
4Approval of Resolution Plan – Rentail Stay Private Limited [IA No.644-2023 in CP (IB) No.91-ALD-2022]Click here
5Approval of Resolution Plan – Indus Integrated Information Management Limited [IA (IB) No. 1753- (KB)-2023 in CP(IB) No. 406-(KB)-2021]Click here
6Approval of Resolution Plan – G K Steel and Allied Industries Ltd. [MA-37-CHE-2021 in CP-(IB)-1006-2018]Click here

5. Labour law updates

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1PF: Retiree asked to pay extra Rs 28.29 lakh to avail Rs 35,594 monthly pensionClick here
  2Your UAN: Key to Managing Your Retirement Savings in IndiaClick here
  3Rejection of final EPF claims sees surge in 5 years, up from 13% to 34%Click here
4EPF joint declaration: List of acceptable documents required to make corrections, updations in UAN profileClick here

6. Key Press information

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  1PIB Launches a Media Facilitation Portal for Information on General Election 2024  Click here
2Issuance Calendar for Marketable Dated Securities for April-September 2024Click here
3Expert Committee on developing GIFT IFSC as ‘Global Finance and Accounting Hub’ submits report to IFSCA  Click here
4Closing ceremony of the International Year of Millets 2023 took place at the FAO headquarters, Rome, Italy in a hybrid set upClick here
  5ECI’s C-Vigil app a big hit with voters: over 79,000 violations reported so far through the complaints app since announcement of General Elections; 99 % cases disposed off  Click here

7. IPO & investment Section

Issuer CompanyOpen DateClose DateListing DateIssue Price (Rs)Issue Size (Rs Cr.)Lot SizeExchange
Bharti Hexacom Limited IPOApr 03, 2024Apr 05, 2024Apr 12, 2024542.00 to 570.004275.0026BSE, NSE
Aluwind Architectural Limited IPOMar 28, 2024Apr 04, 2024Apr 09, 202445.0029.703,000NSE SME
Creative Graphics Solutions India Limited IPOMar 28, 2024Apr 04, 2024Apr 09, 202480.00 to 85.0054.401,600NSE SME
Jay Kailash Namkeen Limited IPOMar 28, 2024Apr 03, 2024Apr 08, 202470.00 to 73.0011.931,600BSE SME
K2 Infragen Limited IPOMar 28, 2024Apr 03, 2024Apr 08, 2024111.00 to 119.0040.541,200NSE SME
Yash Optics & Lens Limited IPOMar 27, 2024Apr 03, 2024Apr 08, 202475.00 to 81.0053.151,600NSE SME
Radiowalla Network Limited IPOMar 27, 2024Apr 02, 2024Apr 05, 202476.0014.251,600NSE SME
TAC Infosec Limited IPOMar 27, 2024Apr 02, 2024Apr 05, 2024106.0029.991,200NSE SME
Trust Fintech Limited IPOMar 26, 2024Mar 28, 2024Apr 04, 2024101.0063.451,200NSE SME
SRM Contractors Limited IPOMar 26, 2024Mar 28, 2024Apr 03, 2024210.00130.2070BSE, NSE
Vruddhi Engineering Works Limited IPOMar 26, 2024Mar 28, 2024Apr 03, 202470.004.762,000BSE SME
Blue Pebble Limited IPOMar 26, 2024Mar 28, 2024Apr 03, 2024168.0018.14800NSE SME
Aspire & Innovative Advertising Limited IPOMar 26, 2024Mar 28, 2024Apr 03, 202454.0021.972,000NSE SME
GConnect Logitech and Supply Chain Limited IPOMar 26, 2024Mar 28, 2024Apr 03, 202440.005.603,000BSE SME
Naman In-Store (India) Limited IPOMar 22, 2024Mar 27, 2024Apr 02, 202489.0025.351,600NSE SME

(Source: Chittorgarh.com)

8. irdai – insurance updates

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1IRDAI gives approval to set up insurance e-marketplaceClick here
2IRDAI asks LIC, other insurers to remain open on Saturday, SundayClick here
3IRDAI asks insurers to keep branches open on March 30, 31Click here
4Insurance new rule: e-Insurance in demat like format mandatory for all new policies from April 1, 2024; what is going to change?Click here
5IRDAI Lowers Surrender Value For Insurance Policies Given Up Within 3 YearsClick here

9. Department of Telecommunications (dot)

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1TRAI releases recommendations on ‘Usage of Embedded SIM for Machine-to-Machine Communications’Click here
2Centre plans to geotag Telecom infrastructureClick here
3DoT ask telecom companies to temporary suspensd USSD-based call forwarding facility from AprilClick here
  4Indian telecom industry’s revenue grew by Rs 1 lakh cr in five years: DoT’s Manish SinhaClick here

10. msme / SME updates

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1DMK, BJP govts destroyed MSME sector in Coimbatore: Premalatha VijayakantClick here
2Demystifying MSME Registration: A Step-by-Step Guide for Indian BusinessesClick here
3Rule on timely payment to MSMEs comes into force from MondayClick here
4Ahead of April 1 deadline, MSMEs review arrangements with traders, buyersClick here

11. Competition Commission of India (CCI)      

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1CCI approves 100% acquisition of Lanco Amarkantak Power Limited by Adani Power LimitedClick Here
2CCI approves subscription to CCPS B of API Holdings by MEMG LLP and 360 ONEClick Here
  3CCI chief says recently notified regulations applicable to cases under investigationClick Here
  4Reviewing all competition regulations, says CCI chiefClick Here

12. Cabinet Decisions / New Acts

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1DA hike, India AI Mission and a Women’s Day gift: 6 Union Cabinet decisions announced today | MintClick here
2All you need to know about the decisions taken by the Cabinet todayClick here

13. Current Affairs Quiz (taken from various sources) 

Sl.Questions  Answers  
1Recently, where was the world’s first Om-shaped temple inaugurated?Rajasthan
2Tantalum, a rare metal, was recently discovered in which river?Sutlej
3Recently, which organization has launched a new network for coronaviruses, CoViNet?WHO
4Mushk Budiji, recently seen in the news, is an indigenous variety of which crop?Rice
5Afanasy Nikitin Seamount, recently seen in news, lies in which ocean?Indian Ocean
6Recently, which country hosted the G20 second Employment Working Group (EWG) meeting?Brazil
7Recently, where was the first Nuclear Energy Summit held?Brussels
8Recently, A 900-year-old Kannada inscription from the Kalyana Chalukya dynasty was discovered in which state?Telangana
  9Recently, who has been appointed as the new Ambassador of India to Myanmar?Abhay Thakur
10On World Kabaddi Day 2024, which country created history by creating a Guinness World Record with the participation of 128 players?India

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.

The author can be approached at cslalitrajput@gmail.com // +918802581290 (W).

He has contributed in ICAI, ICSI and MCCI and other various Newsletters. He is also a speaker at various platforms including seminars / webinars.