PR No. 10/2016 SEBI Board Meeting The SEBI Board met in Mumbai today and took the following decisions: 1. Review of prudential limits on investments by Mutual Funds The Board deliberated the proposals relating to review of prudential limits at issuer and sector level and the need to introduce such limits for group level exposure. […]
CIRCULAR No. CIR/CDMRD/DEA/01/2016 In terms of Finance Act, 2015, the associations recognized under the erstwhile Forward Contracts (Regulation) Act, 1952 as on 28th September, 2015 are deemed to be recognized stock exchanges under the Securities Contracts (Regulation) Act, 1956. This circular applies to all such commodity derivatives exchanges as defined in the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2015.
No. SEBI/LAD-NRO/GN/2015-16/29.-In exercise of the powers conferred by section 31 of the Securities Contracts (Regulation) Act, 1956 read with sections 11 and 30 of the Securities and Exchange Board of India Act, 1992, the Securities and Exchange Board of India hereby makes the following regulations to further amend the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012, namely:—
The concerned commodity derivatives exchange shall set aside sufficient funds in order to provide for settlement of any claims, pertaining to pending arbitration cases, arbitration awards, not implemented
Notification No.03/2016-Customs- Seeks to rescinding Notification No. 09/95-Customs dated 06.03.1995 – Exemption to specified goods when imported into India from the Union of Myanmar
Notification No. 03/2016- Customs (N.T.) Regarding goods to which the provisions of that section shall apply when they are deposited in a warehouse- (1) aviation fuel, motor spirit, mineral turpentine, acetone, methanol, raw naptha, vaporizing oil, kerosene, high speed diesel oil, batching oil, diesel oil, furnace oil and ethylene dichloride, kept in tanks;
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1. How does ECB compare with domestic borrowings in terms of costs? 2. What is the key difference between ECB and FDI? 3. What all instruments of borrowings /debt instruments are covered by the definition of “ECBs”? 4. What is the key difference between automatic route and approval route for ECBs? 5. What is the […]
Mumbai ITAT held In the case of ITO vs. Ms. Khalil M. Bharwani that the whole transaction of purchase and sale of shares giving rise to long term capital gain has been duly explained step by step and supported by adequate and reliable evidence.
Kolkata ITAT held In the case of Sri Manoj Murarka vs. ACIT that the AO had travelled beyond the jurisdiction vested on him by the order of the CIT u/s 263 by treating the amounts overdrawn by the son and daughter of the assessee thereby bringing the same to tax as deemed dividend.
