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Circulars

Trail commission to POPs on voluntary contributions through D-Remit by Subscribers associated to POPs under All Citizen Model

August 22, 2022 1017 Views 0 comment Print

The trail commission to PoPs for D-Remit Contributions of the associated Subscribers shall be @ 0.20% of the contribution amount (Minimum ₹ 15 and Maximum ₹ 10,000) similar to eNPS. The applicable charges would be recovered by unit deduction on periodical basis.

Participation as Financial Information Providers in Account Aggregator framework

August 19, 2022 819 Views 0 comment Print

Securities and Exchange Board of India  Circular No. SEBI/HO/MRD/DCAP/P/CIR/2022/110 | Dated:  August 19, 2022 All Depositories All Asset Management Companies Dear Sir/Madam, Sub: Participation as Financial Information Providers in Account Aggregator framework 1. An Account Aggregator (AA), is a Reserve Bank of India (RBI) regulated Non-Banking Finance Company (NBFC) that facilitates retrieval or collection of financial […]

Qualified Suppliers’ for supply of bullion on India International Bullion Exchange

August 18, 2022 1545 Views 0 comment Print

QS-LPTM shall comply with the ‘fit and proper criteria’ specified under regulation 52(2) of the International Financial Services Centres Authority (Bullion Exchange) Regulations, 2020, at all times.

Customs duty on Display Assembly of a cellular mobile phone

August 18, 2022 2715 Views 0 comment Print

Circular No. 14/2022-Customs CBIC-190354/190/2022-TRU Section-CBEC Government of India Ministry of Finance Department of Revenue Tax Research Unit *** North Block, New Delhi Dated, 18th August, 2022 To All Principal Chief Commissioner/Chief Commissioner of Customs/Customs (Preventive). All Principal Chief Commissioner/Chief Commissioner of Customs & Central Tax All Principal Commissioner/ Commissioner of Customs/Customs (Preventive). All Principal Commissioner/Commissioner […]

Block Mechanism in demat account of clients undertaking sale transactions

August 18, 2022 1275 Views 0 comment Print

Securities and Exchange Board of India Circular No. SEBI/HO/MIRSD/DoP/P/CIR/2022/109 | Dated: August 18, 2022 To, All Depositories All recognized Stock Exchanges and Clearing Corporations Madam / Sir, Sub: Block Mechanism in demat account of clients undertaking sale transactions 1. SEBI, vide circular no. CIR/HO/MIRSD/DOP/P/CIR/2021/595 dated July 16, 2021, introduced block mechanism in the demat account of clients […]

SEBI Guidelines for overseas investment by AIFs / VCFs

August 17, 2022 1458 Views 0 comment Print

AIFs/VCFs shall invest in an overseas investee company, which is incorporated in a country whose securities market regulator is a signatory to the International Organization of Securities Commission’s Multilateral Memorandum of Understanding

Revised Guidelines for Arrest & Bail for offences under Customs Act,1962

August 16, 2022 18627 Views 0 comment Print

Circular No. 13/2022-Customs – CBIC issued revised Guidelines for Arrest and Bail in relation to offences punishable under Customs Act, 1962

Guidelines for launching of Prosecution for offences under Customs Act

August 16, 2022 14493 Views 0 comment Print

Circular No. 12/2022-Customs CBIC issued guidelines for launching of Prosecution in relation to offences punishable under Customs Act 1962

IFSCA issues ‘Framework for Ship Lease’

August 16, 2022 1644 Views 0 comment Print

An entity intending to undertake ship lease in IFSC, shall be registered as a Finance Company / Unit, as per IFSCA (Finance Company) Regulations, 2021.

Reg: Withdrawal of exemption from GST on services provided by IRDAI to Insurers

August 11, 2022 2427 Views 0 comment Print

Insurance Regulatory and Development Authority of India Circular Ref: IRDAI/GA&HR/CIR/MISC/171/8/2022 | Dated: 11/08/2022 Reg: Withdrawal of exemption from GST on services provided by IRDAI to Insurers As per the MoF (Dept. of Revenue), GoI Notification No. 04/2022 – Central Tax (Rate), dt. 13th July, 2022 (effective from 18th July, 2022), the central tax (GST) exemption provided to the […]

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