SEBI Permits non-scheduled Payments Banks to register as Bankers to an Issue
SEBI vide notification dated July 30, 2021, amended the SEBI (Bankers to an Issue) Regulations, 1994 (BTI Regulations) and permitted such specified other banking company to carry out the activities of Bankers to an Issue (BTI), in addition to the scheduled banks.
Now SEBI has stated that non-scheduled Payments Banks, which have prior approval from Reserve Bank of India (RBI), shall be eligible to act as a BTIs subject to fulfilment of the conditions stipulated in the BTI Regulations.
As per circular issued in this regard, payments Banks registered as a BTI shall also be permitted to act as a Self-Certified Syndicate Banks subject to the fulfilment of the criteria.
The blocking/movement of funds from the investor to issuer shall only be made through the savings account of the investor held with the payments bank.
Temporarily blocking public access to Telegram App under section 69A of IT Act 2000 is not disproportionate - Delhi HC…
High Court explains the meaning of term ‘enterprise’ appearing in section 80IA to means a project or an undertaking owned…
Addition deleted as assessee was only a carrier of cash and the real owner had come forward owning the cash…
Lokayukta Police not an ‘intelligence and security’ organisation and hence not exempt from disclosure of information under RTI Act 2005…
Payment of imprest whether a transfer within the meaning of section 269ST – case remanded for determination In a recent…
CA Misconduct – Appellate order quashed as final judgment was not passed by same members who heard arguments. In a…