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Circulars

Contribution to provident fund – Calculation & deduction of taxable interest

April 5, 2022 13086 Views 0 comment Print

DS will be applicable in case of PF final settlement, transfer claims, on transfer from Exempted establishments to EPFO and vice versa, on transfer from one Trust on another, past accumulations transfer, at the time of annual accounts processing, on back period accounting after accounts for year 2021­22 are processed.

SEBI notifies Demat Debit and Pledge Instruction

April 4, 2022 2841 Views 0 comment Print

For transfer of securities held in the beneficial owner account of the client towards Stock Exchange related deliveries / settlement obligations arising out of trades executed by such a client on the Stock Exchange through the same stock broker.

Account Details for fee to be remitted to IFSCA -SWIFT code Changed

April 4, 2022 864 Views 1 comment Print

Account Details for fee to be remitted to IFSCA- It is hereby informed that existing SWIFT code of the USD current account has changed from ICICINBBIBU to ICICINAAXXX.

Standardisation of Ratings Scales Used by credit rating agencies – Extension of timeline for implementation

April 1, 2022 783 Views 0 comment Print

In view of representation received from credit rating agencies, it has been decided to extend the date of applicability of the section B of the aforesaid circular. Credit rating agencies shall ensure compliance with the requirements/ provisions of the section B of the aforesaid circular on or before June 30, 2022.

Standardization of industry classification- Applicability to credit rating agencies

April 1, 2022 891 Views 0 comment Print

As the standardized framework will help bring about uniformity in the classifications being used across sectors and in securities market, credit rating agencies are advised to use this standardized industry classification for the purpose of rating exercise, peer benchmarking, research activities including research for Economy, Industries and Companies etc.

SEBI extends timeline for Two Factor Authentication for redemption

March 31, 2022 5496 Views 0 comment Print

SEBI extends the date of applicability of Circulars including the clauses relating to Two Factor Authentication (‘2FA’) for redemption and source account verification to July 01, 2022.

Bilateral Netting of QFC – Amendments to Prudential Guidelines

March 31, 2022 780 Views 0 comment Print

Bilateral Netting of Qualified Financial Contracts Act, 2020, has been notified by Notification No. S.O. 3463(E) dated October 1, 2020. The Act provides a legal framework for enforceability of bilateral netting of qualified financial contracts (QFC).

IRDAI extends dispensation for physical signatures on Life Insurance proposal forms

March 31, 2022 786 Views 0 comment Print

IRDA extend the facilitation dispensing with physical signature on proposal forms of Life Insurance Policies and permitting OTP based validation, up to 30/09/2022. All other provisions, in respect of this dispensation, of the above referred circulars remain unchanged. Insurance Regulatory and Development Authority of India Ref: IRDAI/Life/Cir/Misc/059/03/2022 Date: 31st March, 2022 To All Life Insurers […]

NPS/APY Functionalities released by CRAs during Quarter III (FY 2021-22)

March 31, 2022 366 Views 0 comment Print

NPS/APY Functionalities released by CRAs during Quarter III (FY 2021-22) includes New Subscriber Registration Form(SRF) – Changes in PoP Online Module, New SRF -Changes in API, Information on contact details of ASPs in CRA’ s Annuity Calculator, Changes in subscriber login LTI/UX and Option to reset password/ regenerate password for Nodal Office users. PENSION FUND REGULATORY […]

NHAI discontinue Section 54EC Capital Gain Bonds issuance w.e.f. 01.04.2022

March 31, 2022 29916 Views 0 comment Print

The Government of India in IEBR for FY 2022-23 have not mandated NHAI to raise funds from the market. Therefore. NHAI shall not issue 54 EC Bonds and any other debt instruments/Bonds etc. w.e.f. 01.04.2022. All are requested to please take a note of It and advise all your associates/brokers not to accept any fresh application and application money intended for allotment w.e.f. 01.4.2022 onwards.

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