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1. Sebi approves depository receipts for REITs, InvITs; eases norms for analysts, vault managers

Sebi approves depository receipts for REITs, InvITs; eases norms for analysts, vault managers

Sebi approves depository receipts for REITs, InvITs; eases norms for analysts, vault managers - Regulators - 3 min read Sebi approves depository receipts for REITs, InvITs; eases norms for analysts, vault managers Sebi's board has given the green light for the issuance of Depository Receipts linked to Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) to draw in more foreign investment. The new amendments are designed to enhance unitholder participation in crucial voting processes, as well as provide greater flexibility for sponsors looking to exit. MUMBAI: Markets regulator Sebi board on Thursday approved a proposal to enable issuance of Depository Receipts (DRs) against units of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), in a move aimed at attracting more foreign capital into these investment vehicles. DRs are foreign currency-denominated instruments issued by a foreign depository in a permissible jurisdiction against securities deposited with a domestic custodian in India. "The board considered and approved the proposal of amending Sebi (Real Estate Investment Trusts) Regulations, 2014, and Sebi (Infrastructure Investment Trusts) Regulations, 2014, to provide an enabling provision for issuance of Depository Receipts (DRs) on units of REITs and InvITs," the regulator said. This will facilitate attracting foreign capital in REITs and InvITs via DRs, it added. The Sebi board also approved changes to voting requirements under the REIT and InvIT regulations. Currently, certain matters require approval from holders of at least 75 per cent of all outstanding units, irrespective of the number of unitholders participating in the vote.

2. IRDAI consultation paper introduces structural reset for Indian insurance ecosystem

IRDAI proposes reforms in insurance distribution to cut costs, protect policyholders IRDAI proposes reforms in insurance distribution to cut costs, protect policyholders IRDAI has proposed a sweeping

IRDAI consultation paper introduces structural reset for Indian insurance ecosystem

IRDAI proposes reforms in insurance distribution to cut costs, protect policyholders IRDAI proposes reforms in insurance distribution to cut costs, protect policyholders IRDAI has proposed a sweeping revamp of insurance distribution rules through a new consultation paper. The changes could improve transparency, curb mis-selling and widen digital access for policyholders. The Insurance Regulatory and Development Authority of India (IRDAI) has proposed a wide-ranging overhaul of insurance distribution rules, with an aim to make the process of buying and servicing insurance more transparent, competitive and customer-friendly. The regulator on Wednesday released a public consultation paper titled “Recalibrating Economics of Insurance Distribution”, covering insurance distribution structures, expenses, commissions, market conduct, transparency and digital infrastructure. IRDAI said the proposed reforms are aimed at creating a “customer-centric, competitive, efficient and transparent distribution ecosystem”. For consumers, the proposals could mean greater clarity about who is selling them an insurance policy, how distributors are paid, fewer instances of forced bundling and stronger safeguards against mis-selling. IRDAI has invited comments and suggestions from stakeholders, with the consultation process open until October 25, 2026. CLEARER IDEA OF WHO IS SELLING YOUR POLICY One of the proposed changes is to simplify the existing insurance distribution architecture.

3. IRDAI के प्रस्‍ताव में ऐसा क्‍या? 36% तक टूट गए बीमा कंपनियों के शेयर, आज ये हाल

IRDAI के प्रस्‍ताव में ऐसा क्‍या? 36% तक टूट गए बीमा कंपनियों के शेयर, आज ये हाल

IRDAI के प्रस्‍ताव में ऐसा क्‍या? 36% तक टूट गए बीमा कंपनियों के शेयर, आज ये हाल शेयर बाजार में गुरुवार को भारी तबाही देखने को मिली थी. खासकर बीमा कंपनियों के शेयरों में सबसे ज्यादा तबाही दिखी, जहां PB Fintech के शेयरों में 36 फीसदी तक की गिरावट आई. इसके बाद Turtlemint के शेयर करीब 20 फीसदी तक गिर गए. साथ ही HDFC Life और ICICI Prudential Life जैसे शेयरों में भी तेज गिरावट देखने को मिली. आज भी इन शेयरों में गिरावट देखी जा रही है. इन सभी शेयरों में गिरावट की एक खास वजह, IRDAI का एक प्रस्ताव था. इसमें कुछ ऐसी बातों का जिक्र किया गया है, जिससे इन कंपनियों का रेवेन्यू घट जाएगा. साथ ही प्रॉफिट और मार्जिन पर भी तगड़ा असर होने की उम्मीद जताई गई है. इसी कारण, इन कंपनियों के शेयरों में भारी गिरावट आई, लेकिन अब सवाल ये है कि आखिर इस प्रस्ताव में ऐसा क्या है, जिस कारण किसी कंपनी का शेयर 36 फीसदी तक टूट सकता है? आइए जानते हैं पूरी डिटेल... पॉलिसी पेपर में ऐसा क्या है? 1. कमीशन पर लिमिट लगाने की तैयारी IRDAI ने लाइफ, हेल्थ और मोटर बीमा में प्रोडक्ट्स और डिस्ट्रीब्यूशन चैनल के हिसाब से कमीशन लिमिट दोबारा लागू करने का प्रस्ताव दिया है. साल 2023 में कमीशन पर मौजूद सेगमेंट वाली लिमिट हटाई गई थी. 2. हेल्थ और टर्म इंश्योरेंस में कमीशन एक्सपर्ट्स के मुताबिक, प्रस्तावित ढांचे में हेल्थ और टर्म इंश्योरेंस के नए बिजनेस पर कमीशन काफी कम हो सकता है. कुछ मामलों में अनुमानित कटौती करीब एक-तिहाई से दो-तिहाई तक की जा सकती है. 3. लाइफ इंश्योरेंस में कमीशन अभी कमीशन का बड़ा हिस्सा पॉलिसी बेचने के समय या शुरुआती अवधि में मिल सकता है. प्रस्ताव में कहा गया है कि इस पॉलिसी टर्म के दौरान ज्यादा फैलाना चाहिए. इससे असर होगा कि डिस्ट्रीब्यूशन की शुरुआती कमाई प्रभावित होगी और कंपनियों का रेवेन्यू घट सकता है. 4. बीमा कंपनियों के खर्च की सीमा घटाने का प्रस्ताव IRDAI ने एक्सपेंसेस ऑफ मैनेजमेंट (EoM) को भी राश्नलाइज करने का प्रस्ताव रखा है. जनरल इंश्योरेंस के लिए EoM सीमा को पांच साल में GWP के 30% से डोमेस्टिक GDPI के 20% तक लाने का प्रस्ताव बताया गया है. इससे कंपनियों की कमाई पर तगड़ा असर…

4. Calcutta High Court grants relief to ABP editor, journalist in FIR over ‘Gerua Gundami’ headline

Calcutta High Court grants relief to ABP editor, journalist in FIR over ‘Gerua Gundami’ headline

Calcutta High Court grants relief to ABP editor, journalist in FIR over ‘Gerua Gundami’ headline The Calcutta High Court on Thursday granted interim relief to the editor and a journalist of (ABP) from coercive action in a First Information Report (FIR) registered against them over the newspaper's use of the expression “Gerua Gundami” (Saffron Hooliganism) in a news headline [Ishani Datta Ray & Anr. v The State of West Bengal & Ors.]. The newspaper had used the expression to describe violence that unfolded at the Jadavpur University on August 20. Justice Saugata Bhattacharyya granted interim relief to the accused after noting that the journalists had appeared before the police in response to notices issued during the investigation and had complied with them. During the hearing, the State also submitted that custodial interrogation of the journalists was not required. Taking note of the submissions, the Court directed the police not to take coercive action. "Concerned police authorities are directed not to take coercive steps against petitioners till 15th December, 2026 or until further order, whichever is earlier. Petitioners (the journalists) shall cooperate with the investigation and shall comply with the notices, if issued in future in connection with aforesaid criminal prosecution," said the Court. The FIR stemmed from a report on violence at Jadavpur University on August 19-20.

5. Fed up, you are adding to court’s burden: HC to Election Commission on symbol row

Fed up, you are adding to court’s burden: HC to Election Commission on symbol row

Fed up, you are adding to court’s burden: HC to Election Commission on symbol row KOLKATA: Calcutta High Court on Thursday pulled up Election Commission for allotting ‘envelope’ symbol — used by Indian Secular Front in the 2026 assembly election — to Democratic Trinamool Congress for the Oct 6 bypoll, and berated the commission for “creating trouble” and forcing parties to start legal proceedings thereby “burdening” the court. “Really fed up with the authority.... Once the elections start, you start creating trouble. Then parties come to court, putting burden on the court,” the high court told EC’s counsel. “Authorities should act impartially and fairly,” Justice Krishna Rao told the poll panel and questioned why it had to choose ‘envelope’ from among 183 symbols to give to another party. The angry judge asked why EC was getting into disputes and ruffling parties to create legal proceedings. “Is this the way it works?” he asked. Nawsad Siddiqui-led ISF, which won the Bhangar seat in assembly elections, had moved the high court praying for a direction to EC to freeze the ‘envelope’ symbol. After allotting ‘envelope’ to Democratic Trinamool Congress, EC gave ISF the ‘almirah’ symbol for the bypolls. “Our voters will be confused. We fought the 2026 assembly election using ‘envelope’ and we are also contesting the bypolls,” ISF’s counsel and senior advocate Bikash Ranjan Bhattacharyya told the judge. EC’s counsel argued that ISF is a registered unrecognised party and such parties do not have reserved symbols.

1. Debarati Bhunia Chakraborty vs. Suman Sankar Bhunia (23.09.2026 - SC)(MANU/SC/1076/2026)

The Supreme Court of India addressed the custody dispute between Debarati Bhunia Chakraborty and Suman Sankar Bhunia, focusing on the welfare of their two minor children amidst allegations of parental

2. Mahanadi Coalfields Ltd. and Ors. vs. GSCO (Gurmeet Singh and Company) Infrastructure Pvt. Ltd. (23.09.2026 - SC)(MANU/SC/1075/2026)

The Supreme Court of India addressed the dispute between Mahanadi Coalfields Ltd. and GSCO Infrastructure Pvt. Ltd., focusing on whether the petition under Section 34 of the Arbitration and Conciliati

3. O.P. Mehta vs. Mohinder Kalta and Ors. (23.09.2026 - SC)(MANU/SC/1073/2026)

The Supreme Court of India addressed whether the validity of a tender, involving comparative claims of competing bidders, can be challenged through a Public Interest Litigation (PIL). The case involve

4. H.G. Pattabi vs. K.R. Suraj and Ors. (16.09.2026 - SC)(MANU/SC/1072/2026)

The Supreme Court of India addressed the dispute between H.G. Pattabi and K.R. Suraj and others regarding the partition of ancestral properties sold by Renukaiah, the father of the respondents. The co

5. North Eastern Electric Power Corporation Limited vs. Astra Construction Private Limited (22.09.2026 - SC)(MANU/SC/1066/2026)

The Supreme Court of India addressed the issue of whether Clause 54 of the General Conditions of Contract (GCC) barred the grant of pre-reference interest in the arbitration between North Eastern Elec

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