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Archive: 10 December 2021

Posts in 10 December 2021

Application of MFN Clause of Tax Treaty

December 10, 2021 9858 Views 0 comment Print

Government of one country enters into an agreement with the Government of another country or a specified territory for (i) Granting of relief in respect to double taxation (ii) Avoidance of double taxation (iii) Exchange of information (iv) Recovery of income tax. Such agreement is called a Double Taxation Avoidance Agreement (DTAA). Often with the […]

Investor Charter and Disclosure of complaints by AIFs

December 10, 2021 1857 Views 0 comment Print

With a view to providing relevant information to investors about the various activities pertaining to AIFs, an Investor Charter has been prepared by SEBI. This Investor Charter is a brief document containing details of services provided to investors, details of grievance redressal mechanism, responsibilities of the investors etc., at one single place, in lucid language for ease of reference.

Investor Charter in Respect of Portfolio Management Services

December 10, 2021 1188 Views 0 comment Print

With a view to enhancing awareness of investors about the various activities which an investor deals with while availing the services provided by portfolio managers, an investor charter has been prepared by SEBI

Investor Charter & disclosure of Investor Complaints by Mutual funds

December 10, 2021 507 Views 0 comment Print

Securities and Exchange Board of India Circular No. SEBI/HO/IMD-II/IMD-II_DOF10/P/CIR/2021/00677 | Dated: December 10, 2021 To, All Mutual Funds (MFs)/ Asset Management Companies (AMCs)/ Trustee Companies/ Board of Trustees of Mutual Funds/ Association of Mutual Funds in India (AMFI) Dear Sir/Madam, Subject: Publishing Investor Charter and disclosure of Investor Complaints by Mutual funds on their websites […]

SEBI clarifies on Usage of pool accounts by Mutual Funds

December 10, 2021 2127 Views 0 comment Print

Securities and Exchange Board of India CIRCULAR No. SEBI/HO/IMD/DF2/CIR/P/2021/683| Dated: December 10, 2021 All Mutual Funds (MFs)/ Asset Management Companies (AMCs)/ Trustee Companies/ Board of Trustees of Mutual Funds/ Association of Mutual Funds in India (AMFI) Sir / Madam, Subject: Circular on Mutual Funds 1. Usage of pool accounts by Mutual Funds 1.1 In terms […]

Amendment to SEBI (Portfolio Managers) Regulations, 2020- Clarifications

December 10, 2021 4530 Views 0 comment Print

i. A Manager of an AIF who is also a SEBI registered Portfolio Manager, and intends to offer Co-investment services through portfolio management route, shall do so only under prior intimation to SEBI.

Introduction of Legal Entity Identifier for Cross-border Transactions

December 10, 2021 1326 Views 0 comment Print

AD Category-I banks shall have the required systems in place to capture the LEI information and ensure that any LEI captured is validated against the global LEI database available on the website of the Global Legal Entity Identifier Foundation (GLEIF).

Maintenance of SLR – MSF – Banks to return to normal dispensation

December 10, 2021 1200 Views 0 comment Print

As announced in the Governor’s Statement dated December 08, 2021, it is proposed to return to the normal dispensation. Accordingly, banks will be able to dip into the Statutory Liquidity Ratio (SLR) up to two percent of NDTL instead of three percent for overnight borrowing under the MSF with effect from January 1, 2022.

Development of International Commercial Arbitration: Strategizing the Roadmap Ahead

December 10, 2021 5700 Views 1 comment Print

Increasing international trade and global business venture growth around the globe have been rapidly increasing over the years, this also has a major drawback of growing conflicts between the nations thereby in order to overcome such conflicts and amicably settle dispute the law of international commercial arbitration has a very important role to play. 

Whether Form GSTR-3B is a return or not under the CGST Law

December 10, 2021 22890 Views 0 comment Print

Hon’ble Supreme Court of India in Union of India & Ors. v. Aap and Company [Civil Appeal No(s). 5978/2021 dated December 10, 2021] reversed the judgment of the Hon’ble Gujarat High Court, ruling that FORM GSTR-3B is not a return under Section 39 of the Central Goods and Services Tax Act, 2017

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