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Elections of councils of Institute of Cost Accountants of India

March 31, 2023 2769 Views 1 comment Print

All Notifications related to Elections to the Council and to the four Regional Councils of the Institute of Cost Accountants of India THE INSTITUTE OF COST ACCOUNTANTS OF INDIA NOTIFICATION Kolkata, the 31st March, 2023 Elections to the Council and the Regional Councils, 2023 The present (four-year) term of the Twentieth Council will come to […]

SEBI Operational Circular for Debenture Trustees

March 31, 2023 2637 Views 0 comment Print

Debenture Trustees are directed to comply with the conditions laid down in this circular and it is reiterated that Debenture Trustees shall have necessary systems and infrastructure in place for implementation of this circular. The Board of Directors of the Debenture Trustee shall be responsible for ensuring compliance with these provisions

Govt collects TDS of Rs. 157.9 crore on transfer of Virtual digital Assets

March 30, 2023 1455 Views 0 comment Print

Direct tax deducted at source from transfer of Virtual digital Assets aggregates to Rs. 157.9 crore upto 20th March 2023 for FY 2022-23 The Direct tax collected by way of tax deducted at source under section 194S of the Income-tax Act, 1961, on payments made upon transfer of Virtual digital Assets (VDA), aggregates to Rs. […]

Central Civil Services (Extraordinary Pension) Rules, 2023 – Salient Features

March 30, 2023 7014 Views 0 comment Print

REVIEW & RATIONALISATION OF CCS (PENSION) RULES ( Central Civil Services (Extraordinary Pension) Rules, 2023) DEPARTMENT OF PENSION AND PENSIONERS’ WELFARE MINISTRY OF PERSONNEL, PUBLIC GRIEVANCESAND PENSIONS GOVERNMENT OF INDIA BACKGROUND Pensionary benefits in respect of Central Civil Government employees appointed before 1.1.2004 are presently regulated by the Central Civil Services (Pension) Rules, 1972. Pensionary […]

SOP under SEBI (PIT) Regulations, 2015 for ensuring compliance with SDD

March 29, 2023 8007 Views 0 comment Print

Bombay Stock Exchange Notice No. 20230329-20 Notice Date: 29 Mar 2023 Category: Circulars Listed Companies Segment: Debt Subject: Standard Operating Process under SEBI(PIT) Regulations, 2015 for ensuring compliance with Structured Digital Database (“SDD”) To All Listed Entities This is with reference to Regulation 3(5) and 3(6) of SEBI (PIT) Regulations, 2015 which inter alia required […]

Review of time limit for disclosure of NAV of Mutual fund schemes investing overseas

March 29, 2023 1608 Views 0 comment Print

Difficulties being faced in calculation of NAV for schemes investing overseas due to differences in time zones and market hours, partial modification with regard to timelines for declaration of NAV is prescribed depending on investment objective and asset allocation of schemes

Cyber Security and Cyber Resilience framework for Portfolio Managers

March 29, 2023 1599 Views 0 comment Print

With rapid technological advancement in the securities market, there is a greater need for maintaining robust cyber security and to have a cyber-resilience framework to protect the integrity of data and guard against breaches of privacy.

Data analytics, big data & Artificial Intelligence/Machine Learning in tax administration

March 29, 2023 1557 Views 0 comment Print

Both direct and indirect tax departments employ data analytics, big data and Artificial Intelligence/Machine Learning in tax administration to make it more effective, free of official discretion, business and taxpayers friendly The Government is using data analytics, big data and Artificial Intelligence/Machine Learning in tax administration to make it more effective, free of official discretion, […]

Launch of Exchange Rate Automation Module (ERAM) – Suggestions invited

March 29, 2023 1884 Views 0 comment Print

For the purpose of valuation of imported goods and export goods under section 14 of the Customs Act, it is proposed to introduce a system of normally publishing the currency exchange rates on ICEGATE website every day, replacing the existing system of notifying exchange rates fortnightly (twice a month). In this regard, a draft Circular is attached.

Put Option Clause Legally Valid in Share Purchase Agreements: Bombay HC

March 29, 2023 7902 Views 0 comment Print

A Share Purchase Agreement is a contract that lays out the terms and conditions related to the sale and purchase of shares in a company, ensuring that both parties are in an agreement.

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