Stricter regulations came into effect in December 2023

Stricter rules come into force A few new rules for cash-related, financial transactions come into effect from December 1. Here's a look at which rules have changed.

New rule India December 2023

New rules related to finance implemented in December 2023

New Timeline for IPOs

SEBI has introduced a new IPO timeline. According to the new timeline, companies filing for an IPO will have to sell shares within 30 days. Earlier, companies registering an IPO had to sell shares within 60 days.

Credit Card Launch Access

HDFC Bank has introduced a new offer on Regalya Credit Card. Those who spend more than Rs 1 lakh in a quarter can get two launch accesses for free. Earlier, spenders above Rs 1 lakh could get only one launch access for free.

Aadhaar Card Update

The deadline for free transfer of details in Aadhaar card has been extended till 31 December 2023. Before this, Aadhaar card details can be changed free of charge till 30 September 2023.

How will these new rules affect people?

New Timeline for IPOs

The new timeline will help complete the IPO faster. This will also help the investors get their money back faster.

Credit Card Launch Access

The new offer will provide additional benefits to credit card users.

Aadhaar Card Update

The deadline extension will provide an additional opportunity to those who have failed to change their Aadhaar card details.

These new rules are expected to help improve India's financial market and economy.

New SIM Card Rules,

The government has introduced new regulations on buying, selling and using SIM cards. In this SIM Card Agent, Distributors only Franchise should be registered with Telecom Operators and verified by Police Department. Apart from that bulk purchase of SIM cards is also prohibited.

Duration of Life Certificate :

Pensioners are required to submit their life certificate by 30th November every year. They have to submit their life certificate by 30th November. If it is not submitted by November 30, the pension will be stopped

Comments

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