Tag Archives: new norms

SEBI to finalise new norms for advisers, credit rating agencies

MUMBAI: The board of the Securities and Exchange Board of India (Sebi) will consider and approve on December 28 as many as 17 reforms, including new norms for credit rating companies and investment advisers, according to two people with direct knowledge of the development.

“We are re-looking all regulations and ensuring that all circulars are captured in regulations,” Ajay Tyagi, chairman of Sebi, said at a December 20 event.

The Sebi board will also discuss the issue of disclosure of loan defaults and publish a discussion paper on it.

In August, Sebi had mandated that listed firms disclose all loan defaults within Continue reading

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AICTE issues new norms for technical institutions- Must Read

Failing to follow these norms will mean that colleges will have to pay a fine — the amount being twice the total fee collected per student.

Not only this, the AICTE can also suspend approval for NRI and supernumerary seats given to any institution for one academic year.

Also, according to the new rules, no institute will be able to name itself a way that the abbreviated form of the name matches the country’s premier institutes — IIM, IIT, IISc, NIT or government bodies such as AICTE, UGC, MHRD, GoI. Continue reading

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