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Processing of documents pertaining to FPIs relaxed due to COVID-19

March 30, 2020 660 Views 0 comment Print

SEBI has decided to grant the following relaxations in a situation where FPIs are not in a position to send original and/or certified documents as specified in Operational guidelines for Foreign Portfolio Investors (FPIs) & Designated Depository Participants (DDPs) issued under Securities and Exchange Board of India (FPI) Regulations, 2019:

Implementation date of Stewardship Code for all MFs & AIFs extended

March 30, 2020 825 Views 0 comment Print

Extension of deadline for implementation of the circular on Stewardship Code for all Mutual Funds and all categories of AIFs due to the CoVID– 19 pandemic- It has now been decided to extend the implementation of the circular on Stewardship Code to July 1, 2020. Securities and Exchange Board of India CIRCULAR SEBI/HO/CFD/CMD1/CIR/P/2020/55 March 30, […]

SEBI relaxes compliance related to Credit Rating Agencies Regulations

March 30, 2020 1725 Views 0 comment Print

Relaxation from compliance with certain provisions of the circulars issued under SEBI (Credit Rating Agencies) Regulations, 1999 due to the COVID-19 pandemic and moratorium permitted by RBI. Securities and Exchange Board of India SEBI/HO/MIRSD/CRADT/CIR/P/2020/53 March 30, 2020 To, All Credit Rating Agencies (CRAs) registered with SEBI Dear Sir/ Madam, Sub: Relaxation from compliance with certain […]

Continuation of Phase II of UPI with ASBA due to Covid-19

March 30, 2020 558 Views 0 comment Print

Continuation of Phase II of Unified Payments Interface with Application  Supported by Block Amount due to Covid-19 virus pandemic- It has been decided to continue with the current Phase II of the UPI ASBA till further notice. Securities and Exchange Board of India SEBI/HO/CFD/DIL2/CIR/P/2020/50 March 30, 2020 To Recognized Stock Exchanges Depositories Registered Stock Brokers […]

DGFT amends Export Policy of Animal By-Products

March 30, 2020 5757 Views 0 comment Print

The Notification No. 34/2015-20 dated 13.01.2017 is amended to the extent that now the ‘Health Certificate’ for items specified under Serial No. 41 and 171 of Schedule 2 of ITCHS Export Policy for export of Animal By-Products will be issued by Export Inspection Council. All other terms and condition of Notification No. 34/2015-20 dated 13.01.2017 […]

Revised Targets for Direct Taxes collection for FY 2019-20; Reduced by 1.65 Lakh Crore

March 30, 2020 1713 Views 0 comment Print

I am directed to refer to Board’s letter dated 24th May, 2019 regarding Region-wise allocation of revised Budget Estimates(BE) of Rs. 13,35,000 Crores for the Financial Year 2019-20. In this regard, it is stated that in the Receipt Budget 2020-21, Rs. 11,70,000 Crores (reduction of Rs. 1,65,000 Crores) has been allocated as Revised Estimates (RE) for Direct Taxes for the Financial Year 2019-20.

Validity of expired Driving Licences & Vehicle Registration extended till June 30

March 30, 2020 12885 Views 3 comments Print

It has come to the notice of the Government that citizens are facing difficulties in renewal of validity of various documents related to Motor Vehicles Act, 1988 and Central Motor Vehicle Rules, 1989 due to complete lockdown in the country and closure of Government Transport Offices.

Compliances to be met by units / developers / co‐developers of SEZs relaxed

March 30, 2020 15744 Views 0 comment Print

Department of Commerce decided to provide relaxations on compliances to be met by units / developers / co‐developers of Special Economic Zones (SEZs). Such compliances to which the relaxations will apply

Indian Stamp (Collection of Stamp-Duty through Stock Exchanges, Clearing Corporations and Depositories) (Second Amendment) Rules, 2020

March 30, 2020 3402 Views 0 comment Print

Today Government notifies Indian Stamp (Collection of Stamp-Duty through Stock Exchanges, Clearing Corporations and Depositories) (Second Amendment) Rules, 2020 which further amended further amend the Indian Stamp (Collection of Stamp-Duty through Stock Exchanges, Clearing Corporations and Depositories) Rules, 2019. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 30th March, 2020 G.S.R. 226(E).—In exercise […]

Special Clearing Operations for Govt cheques on March 31 2020

March 30, 2020 564 Views 0 comment Print

To facilitate accounting of all the Government transactions for the current financial year (2019-20) by March 31, 2020, it has been decided to conduct a Special Clearing exclusively for Government cheques at all clearing houses across the country on March 31, 2020

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