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 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
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