SEBI Proposes New Warehousing Norms

Pursuant to the merger of SEBI and the Forward Markets Commission, commodity derivatives exchanges have to frame norms for warehouse service providers (WSP), warehouses, assayers etc. for ensuring sound delivery of commodities during settlement. To strengthen these norms, SEBI recently published a consultation paper proposing new warehousing norms for agricultural and agri-processed commodities traded on…

IRDA Guidelines on Indian owned and controlled insurance companies

The Insurance Regulatory and Development Authority (the insurance regulator) has recently issued guidelines under the Insurance Act, 1938 which defines ‘Indian insurance company’, among other things, to mean “an insurer in which the aggregate holdings of equity shares by foreign investors, including portfolio investors, do not exceed forty-nine per cent of the paid up equity…

© Finsec Law Advisors | 2019
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