With the growth in the field of technology, the corporate world has also evolved and has outgrown the concept of working from conventional offices. People now believe in the aspect of freedom and creativity that has to be coupled with professional work to bring out the best results. This is the primary reason why the […]...
Read MoreIndians are amongst the second-largest buyers of physical gold in the world. In the last few years, the boom in the digital revolution expanded to the gold market too, and it introduced a new form of investment - digital gold. Digital gold as a concept is quite new in India....
Read MoreOne of my friends working in an MNC and making nearly 6 figure salary says that it is very easy for people to earn money through stock market. It seems he makes around 3 lacs per month by investing in options. He even sent me screenshots of the profits he earned. Another Friend says he […]...
Read MoreThe Pradhan Mantri Kisan Samman Nidhi Scheme was launched by the Prime Minister of India on 24th February 2019. However, the Scheme takes effect from 1st December 2018. The Scheme is a Central Sector Scheme providing income support, basically, to the families of the landholding farmers in India. The Scheme is briefly explained in the [&he...
Read MoreWhat will be in store for Punjab Maharashtra Coop Bank depositors, creditors if the proposed Scheme of amalgamation gets notified? Preamble and Background After a big fraud that was reported, in September 2019, inspections conducted by RBI showed complete erosion of capital and substantial deposit erosion of the bank. The RBI issued ‘Al...
Read MoreList of 26 New Bills to be presented in Lok Sabha with Object which includes The Chartered Accountants, the Cost and Works Accountants and the Company Secretaries (Amendment) Bill, 2021, The Insolvency and Bankruptcy (Second Amendment) Bill, 2021, The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, The Pension Fund ...
Read MoreThe Committee after widespread consultations, incisive studies and in-depth discussions has made far reaching recommendation to develop IFSC as Global (Re)Insurance Hub in its report submitted to Chairperson, IFSCA...
Read MoreGlobal Supply chains should not only be based only on cost but also on trust – Shri Piyush Goyal Trade must grow in a mutually beneficial and collaborative way- Shri Goyal Ensuring transparent, trustworthy and resilient supply chains is at the core of trade revival- Shri Goyal India has proved its capability and emerged as […]...
Read MoreThe Ifsca Banking Handbook General Directions- V 2.0 (Gen) | 12/11/2021 1. Legal framework i. The International Financial Services Centres Authority Act, 2019 (IFSCA Act) provides the foundation for regulatory framework, under the broad definitions of ‘financial institution’, ‘financial services’ and ‘financial product’, for e...
Read MoreThe IFSCA Banking Handbook- Prudential Directions | 12/11/2021 MODULE NO. 1 GENERAL PRINCIPLES (GENPRU) 1. Introduction and Applicability i. These prudential rules apply to IBUs established and operating in IFSC as branches, of Banking Companies1 regulated by their respective Home Regulators. ii. Under the extant IFSCA Banking Regulations...
Read MoreTripower Enterprises (Private) Limited Vs Sub Registrar (Madras High Court) - Tripower Enterprises (Private) Limited Vs Sub Registrar (Madras High Court) Conclusion: Auction purchasers of immovable property need not pay registration fees or pay stamp duty when filing a copy of sale certificate under Section 89(4) of the Registration Act, 1908. Held: In pursuance of the sale ...
Read MoreThomas Cherian Vs CBI Thiruvananthapuram Unit (Kerala High Court) - Thomas Cherian Vs CBI Thiruvananthapuram Unit (Kerala High Court) Facts- The case relates to loan transactions conducted in the State Bank of Travancore, Main Branch, Kottayam. The substance of the allegations against the accused is that loan was sanctioned on the basis of fictitious and forged docu...
Read MoreAnandrao Vithoba Adsul Vs Enforcement Directorate (Bombay High Court) - The plea by assessee to quash Enforcement Directorate summons in a money laundering case was quashed as assessee had failed to make out a case for interference for the invocation of 226 of the Constitution and 482 of Cr.P.C....
Read MoreJ K Tyre And Industries Ltd Vs Directorate of Enforcement (Delhi High Court) - Since none of the other relevant material, which was the basis of the seizure under Section 17(1A) and the complaint under Section 17(4) of the PMLA were supplied to assessee, as the same were not even supplied by the ED to the AA. Thus, ED should forward a copy of the documents to the Adjudicating ...
Read MoreUmesh Verma Vs State (Delhi High Court) - Grant of bail was refused as applicant did not return the amounts due to the complainants and there was a breach of trust and faith and was against the national economy and national interest, whereby a large number of innocent investors had been duped of their hard-earned money....
Read MoreCircular No. F. No. IFSCA-PLNP/4/2021-Capital Markets - (02/12/2021) - The investment bankers play an important role in facilitating issuance and listing of securities on the recognised stock exchanges in the IFSC and overall development of the ecosystem for primary market issuances in the IFSC. The IFSCA (Issuance and Listing of Securities) Regulations, 2021 have alre...
Read MoreCircular No. 286/IFSCA/ CMD-DMIIT/PM/2021/001 - (30/11/2021) - Clause 5 (c), clause 9 and clause 10 of the circular pertain to disclosure of dealing in securities by the Directors and Key Management Personnel. It is hereby clarified that the aforementioned clauses will only be applicable with respect to dealings in securities in GIFT-IFSC....
Read MoreNotification No. S.O. 4915(E). - (01/12/2021) - (1) This order may be called the National Bank for Financing Infrastructure and Development (Removal of Difficulties) Order, 2021. (2) It shall come into force from the date of its publication in the Official Gazette....
Read MoreCircular No. F. No. 416/IFSCA/Global Access/2021-22 - (25/11/2021) - IFSCA decided that registered broker dealers incorporated in IFSC shall be permitted to access exchanges in jurisdictions outside IFSC, subject to compliance with Chapter V of the CMI Regulations and the conditions laid out in this circular No. F. No. 416/IFSCA/Global Access/2021-22 Dated: November ...
Read MoreSB Order No. 38/2021 - (23/11/2021) - References have been received from the customers to provide a consolidated certificate for interest earned in their POSB accounts in a Financial Year for the purpose of filing of Income Tax returns etc....
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Circular No. F. No. IFSCA-PLNP/4/2021-Capital Markets - 02/12/2021
Circular No. 286/IFSCA/ CMD-DMIIT/PM/2021/001 - 30/11/2021