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Review of Foreign Direct Investment (FDI) Policy on Telecom Sector

October 6, 2021 1065 Views 0 comment Print

Government of India has reviewed the extant FDI policy on Telecom sector and has made the following amendment under the Consolidated FDI Policy Circular of 2020, as amended from time to time (FDI Policy):

Minimum percentage of trades carried out by mutual funds through RFQ platform

October 6, 2021 660 Views 0 comment Print

On monthly basis, Mutual Funds shall undertake minimum 25% of their total secondary market trades by value (excluding Inter Scheme Transfer trades) in Corporate Bonds by placing/seeking quotes through one-to-many mode on the Request for Quote (RFQ) platform of stock exchanges and

PM CARES for Children Scheme, 2021

October 6, 2021 2160 Views 0 comment Print

PM CARES for Children Scheme, 2021- An account may be opened in the name of a beneficiary with the concerned District Magistrate as joint account holder for an eligible beneficiary who has not attained the age of 18 years on the date of event and has also not turned 18 years on the date of opening of account, in accordance with the scheme guidelines

Mere Truthful Declaration of Criminal Cases cannot compel an Employer to Appoint a Candidate: SC

October 6, 2021 3930 Views 0 comment Print

Union of India And Others Vs Methu Meda (Supreme Court of India) Law is well ­settled. If a person is acquitted giving him the benefit of doubt, from the charge of an offence involving moral turpitude or because the witnesses turned hostile, it would not automatically entitle him for the employment, that too in disciplined […]

CBIC instruction on Submission of Intimation of Arrest Report under Customs

October 5, 2021 2274 Views 0 comment Print

i. Besides intimating to the Zonal Member concerned, arrest reports shall also be intimated to the Member (Investigation). Further, I am directed to reiterate that: ii. A monthly report of all persons arrested in the Zone shall be sent by the Chief Commissioner to the Principal Director General/ Director General of Revenue Intelligence in the format prescribed, by the 5th of the succeeding month.

Levy of service tax on TDS portion borne by appellant not sustainable

October 5, 2021 771 Views 0 comment Print

The issue to be decided is whether the levy of service tax on the TDS portion borne by the appellant is legal and proper. The issue stands decided by the order of the Tribunal in the appellant’s own case for a different period.

SEBI Revises mechanism of providing exit option to dissenting unit holders under InvIT Regulations

October 5, 2021 954 Views 0 comment Print

Amendments to manner & mechanism of providing exit option to dissenting unit holders pursuant to Regulation 22(5C) and Regulation 22(7) of SEBI (Infrastructure Investment Trusts) Regulations, 2014 (SEBI (InvIT) Regulations)

SEBI Revises Formats for filing Financial information for issuers of non-convertible securities

October 5, 2021 26127 Views 0 comment Print

SEBI revises Formats for Standalone financial results on a quarterly basis and Standalone and consolidated financial results on an annual basis (to be submitted to Stock Exchanges and placed on listed entity’s website – regulations 52(1) and (2) of the Listing Regulations):

Disclosure of Complaints against Stock Exchanges & Clearing Corporations

October 4, 2021 480 Views 0 comment Print

Securities and Exchange Board of India CIRCULAR SEBI/HO/CDMRD/DoC/P/CIR/2021/636  October 04, 2021 To, The Managing Directors / Chief Executive Officers All Recognized Stock Exchanges and Clearing Corporations having Commodity Derivatives Segment Dear Sir / Madam, Sub: Disclosure of Complaints against the Stock Exchange (s) and the Clearing Corporation (s) 1. In order to bring about transparency […]

Discontinuation of usage of pool accounts for transactions in MF units

October 4, 2021 1260 Views 0 comment Print

3.1. AMCs shall ensure that the transactions (financial/ non-financial) can be executed only if there is a service agreement between the AMC and the service provider / platform.

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