Regulatory Referencer

I. COMPANIES ACT, 2013

1. Notification of norms regarding the listing of equity shares in IFSC by public companies: MCA has notified the Companies (Listing of equity shares in permissible jurisdictions) Rules, 2024. These rules shall apply to unlisted public companies or listed public companies, which issue their securities for listing on permitted stock exchanges in permissible jurisdictions (i.e., IFSC). Permitted exchanges mean India International Exchange and NSE International Exchange. Further, MCA has specified certain companies which shall not be eligible under these rules like Nidhi companies or companies limited by Guarantee. [Notification No. G.S.R. 61(E), dated 24th January, 2024]

II. SEBI

2. AIF norms related to demat holding and appointment of custodian modified: SEBI has modified the Alternative Investment Norms. An amendment has been made in Regulations 15 & 20. A new clause has been added in Regulation 15 which provides the list of situations where an AIF can hold the investment in a non-dematerialised form. This includes investments in instruments and liquidation schemes of AIFs that are not eligible for demat. Further, the norms related to the appointment of custodians have also been modified. [Notifi