Minimum Information for Audit Committee & Shareholders in RPT Approval

Following are the key takeaways:
1. Regulation 23(2), (3), and (4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”) mandate that related party transactions (“RPTs”) be approved by the audit committee, and by shareholders if the transactions are deemed material.

Introduction of AI-Based Assistance for DRHPs filed on the BSE SME Platform

To enhance efficiency in SME listings and streamline the filing of Draft Red Herring Prospectuses (DRHPs), BSE has introduced a Generative AI-based assistance tool. This tool will allow merchant bankers to conduct a pre-validation of their draft offer documents before formal submission to the exchange.

Mandatory Registration and Compliance Guidelines for Real Estate Agents – Chhattisgarh

As per the Real Estate (Regulation and Development) Act, 2016, and corresponding Chhattisgarh Rules, all real estate agents registered with CG RERA are required to comply with certain annual reporting duties to ensure transparency and proper conduct in the real estate sector. To reinforce this obligation, CG RERA has issued directions under Section 37 of the Act.

Tamil Nadu Fire and Rescue Services Act, 2025

Tamil Nadu Fire and Rescue Services Act, 2025 repealed the Tamil Nadu Fire and Rescue Services Act, 1985 Act and establishes a comprehensive legal framework for fire prevention, rescue operations, and life safety across the state.

Categorization of new or left-over White category industries and Self-Declaration Consent Mechanism

Central Pollution Control Board (CPCB), through its directions dated February 12, 2025, mandated the harmonisation of industrial classification into Red, Orange, Green, White, and Blue categories. It also allowed State Pollution Control Boards (SPCBs) to categorise new or left-out sectors without requiring prior CPCB concurrence, provided a committee is constituted and prescribed criteria are followed.

Schedule A Demo