"May, 2016" Archive - Page 10

Publicly disclose Compounding Orders passed under FEMA Rules

RBI/2015-16/412 A.P. (DIR Series) Circular No.73 26/05/2016

For disseminating the information pertaining to compounding orders, it has been decided to host the compounding orders passed on or after June 1, 2016 on the Bank’s website (www.rbi.org.in). The data on the website will be updated at monthly intervals in the following format:...

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Clarifications for implementation of FATCA and CRS

F.No. 504/632/12015-FT&TR-III(1) 26/05/2016

Financial institutions are in the process of carrying out the due diligence of financial accounts and obtaining self-certification from the account holders. Representatives of FIs have informed that there are large number of financial accounts and it is practically very difficult to physically obtain the self certification from the accoun...

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E-filing of CIT appeals – Due Date Extension to 15.06.2016

Circular No. 20/2016-Income Tax 26/05/2016

It has come to the notice of CBDT that in some cases the taxpayers who were required to e-file Form 35, were unable to do so due to lack of knowledge about e-filing procedure and/or technical issues in e-filing. Also, the EVC functionality for verification of e-appeals was made operational from 12-5-2016 for individuals and from 19-5-2016...

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SEBI (Intermediaries) (Amendment) Regulations, 2016

Notification No. SEBI/LAD-NRO/GN/2016-17/006 25/05/2016

In exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India (Intermediaries) Regulations, 2008....

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SEBI (Issue and Listing of Non-Convertible Redeemable Preference Shares)(Amendment) Regulations, 2016

Notification No. SEBI/LAD-NRO/GN/2016-17/005 25/05/2016

Wilful defaulter means an issuer who is categorized as a wilful defaulter by any bank or financial institution or consortium thereof, in accordance with the guidelines on wilful defaulters issued by the Reserve Bank of India and includes an issuer whose director or promoter is categorized as such...

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SEBI (Issue and Listing of Debt Securities) (Amendment) Regulations, 2016

Notification No. SEBI/ LAD-NRO/GN/2016-17/004 25/05/2016

(1) No issuer shall make any public issue of debt securities if as on the date of filing of draft offer document or final offer document as provided in these regulations: (a) the issuer or the person in control of the issuer or its promoteror its director is restrained or prohibited or debarred by the Board from accessing the securities m...

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SEBI (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2016

Notification No. SEBI/LAD-NRO/GN/2016-17/003 25/05/2016

No issuer shall make, (a) a public issue of equity securities, if the issuer or any of its promoters or directors is a wilful defaulter; or(b) a public issue of convertible debt instruments if, (i) the issuer or any of its promoters or directors is a wilful defaulter,or...

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SEBI (Substantial Acquisition Of Shares and Takeovers) (Second Amendment) Regulations, 2016

Notification No. SEBI/LAD-NRO/GN/2016-17/002 25/05/2016

Notwithstanding anything contained in these regulations, no person who is a wilful defaulter shall make a public announcement of an open offer for acquiring shares or enter into any transaction that would attract the obligation to make a public announcement of an open offer for acquiring shares under these regulations:...

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SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations 2016

Notification No. SEBI/LAD-NRO/GN/2016-17/001 25/05/2016

Statement on Impact of Audit Qualifications accompanying Annual Audit Report. 95. The recognised stock exchange(s) shall review the Statement on Impact of Audit Qualifications and the accompanying annual audit report submitted in terms of clause (d) of sub-regulation (3) of regulation33 and clause (a) of sub-regulation (3) of regulation 5...

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CBDT notifies jurisdiction for Income Declaration Scheme, 2016

Circular No. 19/2016-Income Tax 25/05/2016

Income Declaration Scheme, 2016, introduced vide Finance Act, 2016 (28 of 2016), provides an opportunity to persons who have not paid full taxes in the past to come forward and declare their undisclosed income. Rule 4 of the Income Declaration Scheme Rules, 2016 provides that a declaration of income or income in the form of investment in ...

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