Insights

INFORM: Infrastructure, Projects & Finance – June 2024

The highlights of the current issues are:

Case laws:

  • Rehabilitation Award for Acquisitions Under NH Act to be Passed by Competent Authority
  • Arbitral Awards Cannot be Set Aside Unless Patent Illegality is Clearly Proved
  • Infrastructure Development Must Co-Exist in Compliance with Environmental Law
  • Interest Free Loans Provided to Bank Employees Are Taxable as Perquisites
  • Recovery Proceedings Under SARFAESI Act Applicable to Housing Finance Companies

Notifications/circulars:

  • RBI Amends Risk Management and Inter-Bank Dealings Rules
  • RBI Issues New Guidelines on Margins for Derivative Contracts Following Market Feedback Review
  • RBI Mandates Regularisation of Partly Paid Units Issued by AIFs to Foreign Investors
  • NHAI issues Circular on Land Acquisition Laws
  • RBI Issues Draft Guidelines on Prudential Framework for Project Loan Advances
  • SEBI Issues Master Circular on Non-Convertible Securities and Related Instruments
  • SEBI Releases Comprehensive Master Circular for Infrastructure Investment Trusts

Quick Reads:

  • RBI Directs NBFCs to Adhere to Rs 20,000 Cash Limit for Gold Loans
  • SEBI Proposes Relaxing Disclosure Requirements for Non-Convertible Securities
  • MNRE Clarifies ALMM Order Applicability to Solar Projects
  • SEBI Introduces Major Amendments to InvIT Regulations, Including Subordinate Units Framework
  • RBI Imposes Supervisory Actions on ECL Finance and Edelweiss ARC for Regulatory Breaches
  • RBI Fines HSBC Rs 36.38 Lakh for FEMA Violations
  • SEBI Imposes Rs 5 Lakh Fine on AGI Greenpac for Disclosure Failures
  • RECPDCL Transfers Two SPVs for Power Transmission Projects
  • SEBI Launches Settlement Calculator
  • RBI Permits Opening of Rupee Accounts Abroad
  • SEBI Penalizes Five Entities, Bars for Three Years