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Newsletter

Stay informed and up-to-date with the latest news and insights related to compliance

ricago Newsletter June Edition - 2025

Corporate Laws

SEBI ISSUES CIRCULAR FOR EXTENSION OF TIMELINE FOR COMPLYING WITH THE CERTIFICATION REQUIREMENT FOR THE KEY INVESTMENT TEAM OF THE MANAGER OF AIF

The Securities and Exchange Board of India (SEBI) published Circular No.SEBI/HO/AFD/AFD-PoD-1/P/CIR/2025/066 on May 13, 2025, which addressed the deadline for meeting the certification requirements for the Manager of Alternative Investment Funds' (AIFs) core investment team. This regulatory action, which guarantees that the people handling investors' money are suitably certified and have the necessary experience, is a component of SEBI's ongoing efforts to improve professionalism and governance in the AIF sector.

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Corporate Laws

MCA NOTIFIES COMPANIES (ACCOUNTS) AMENDMENT RULES, 2025

Notification No. G.S.R. 317(E), which amends the Companies (Accounts) Rules, 2014, was released by the Ministry of Corporate Affairs (MCA) on May 20, 2025. This change, known as the Companies (Accounts) Change Rules, 2025, extends Rule 12 (1 B) 's filing deadline. The change seeks to provide compliance flexibility without sacrificing statutory monitoring, reflecting the government's appreciation of the real-world difficulties businesses face.

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Industry Specific Laws

MINISTRY OF COMMUNICATIONS ISSUES PRESS RELEASE REGARDING 'DOT INTRODUCES

The Financial Fraud Risk Indicator (FRI) was introduced on May 21,2025, according to a press release from the Ministry of Communications' Department of Telecommunications (DoT). This program, which is a component of the Digital Intelligence Platform (DIP), aims to greatly improve India's framework for preventing cyber fraud. With UPI and digital transactions growing at an exponential rate,this project aims to shield millions of Indians from financial cybercrimes.

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Judicial Insight

CASE LAW THIRD CHILD, FULL RIGHTS: SUPREME COURT EXPANDS MATERNITY LEAVE AS REPRODUCTIVE RIGHT

After giving birth to her third child, a Tamil Nadu government school teacher requested maternity leave. Citing the Tamil Nadu government's regulation that maternity leave payments are only accessible for up to two surviving children, the State denied her application. In the Madras High Court, the instructor contested this denial; nevertheless, the Division Bench maintained the State's ruling, citing government regulations. She went to the Supreme Court, angry.

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