Gujarat International Finance Tec-City Company Limited (GIFTCL) has established “GIFT SEZ Limited” to develop Gandhinagar Multi-Service SEZ with a primary emphasis on the growth of IFSC and related SEZ businesses. To have IFSC status (International Financial Services Centre), local finance centers, and the linked social infrastructure.   By setting up an International Financial Services base, the goal is to build a world-class smart city that will serve as a global financial base. The government is also […]

INDIA FOOD SAFETY AND STANDARDS AUTHORITY – New Notification Notification F.No. STD/SP-20/T New Delhi, May 17, 2022 (Recycledplastics-N). — The draught regulations to amend the Food Safety and Standards (Packaging) Regulations, 2018, which the Food Safety and Standards Authority of India proposes to make with prior approval of the Central Government, in exercise of the powers conferred by sub-section (2) of section 92 read with section 23 of the Food Safety and Standards Act, 2006 […]

Securities and Exchange Board of India (SEBI )  SEBI/HO/CDMRD/DMP/P/CIR/2022/64MASTER CIRCULAR MAY 17, 2022 Managing Directors/Chief Executive Officers All Stock Exchanges and Clearing Corporations with Commodity Derivatives Segment Sub: Commodity Derivatives Market Master Circular 1.In order to guarantee the availability of complete information indicated in commodity derivatives market circulars in one location, SEBI has started producing Master Circulars including information given in different commodity derivatives sector circulars. The references in the circular to the statutes/regulations that […]

To, All Credit Rating Agencies registered with SEBI Standardisation of Ratings Scales Used by credit rating agencies – Extension of timeline for implementation SEBI instructed credit rating agencies to either align their rating scales with the rating scales established under the SEBI/HO/MIRSD/MIRSD_CRADT/P/CIR/2021/594 circular dated July 16, 2021 in order to standardise the use of rating scales.Regulation (f) of the Financial Services Act establishes criteria for each financial sector regulator or body.In the absence of the SEBI (Credit Rating Agencies) Regulations, 1999, ratings should be followed,scales set out in the Board’s circular dated June 15, 2011, or any other scales set forth in the Board’s circular dated June 13, 2019, or any other scales set forth in the Board’sBy March 31, 2022, the Board will have published a circular. Credit rating agencies have submitted requests for an extension of the date on which the requirements of section B of the aforementioned circular become effective. It has been decided to prolong the date of application of section B of the aforementioned circular due to representations received from credit rating agencies.On or before June 30, 2022, credit rating agencies must ensure compliance with the requirements/ conditions of section B of the aforementioned circular. This circular is issued in the exercise of the powers conferred on the Securities and Exchange Board of India by Section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with the provisions of Regulation 20 of the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999, to protect the interests of investors in securities and to promote the development and regulation of the securities market. For More Details and understanding the benefits CS Devyani Khambhati +91-98256-12234 Estabizz Fintech Private Limited  

To All credit rating agencies registered with SEBI Industry sector standardization—applicability to credit rating agencies The Market Data Advisory Committee (MDAC), a SEBI-established standing committee comprised of representatives from stock exchanges, depositories, and other market participants, examined existing industry classification structures across sectors and developed a harmonised four-level industry classification framework for adoption by all stakeholders and for all relevant processes/ purposes in the Indian securities market (Classification placed at Annexure A) Credit rating agencies […]