Act No. 4 of 2007, gazetted on 17 May 2007. Amends the 2001 Act to provide for stock exchanges: nobody may operate one without Central Bank approval (s. 49A; fine of up to Le500,000 for each day of contravention), and acting as a dealer, broker or investment adviser without a licence carries a fine of up to Le5,000,000, imprisonment of up to 180 days, or both (s. 50A).
The Reserve Bank of India has issued final Directions on minimum capital requirements for market risk under the revised Basel III framework, effective April 1, 2027. The framework adopts the Simplified Standardised…
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