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SEBI Circular: Disclosure of Material Events by Listed Entities

July 13, 2023 15513 Views 0 comment Print

SEBI circular (SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123) dated July 13, 2023, regarding disclosure of material events by listed entities under Regulations 30 and 30A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Merger of Multiple User IDs in MCA21 V-2 Portal: Important Circular

July 12, 2023 10347 Views 0 comment Print

MCA circular regarding merger of multiple user IDs in MCA21 V-2 portal and deactivation of old user IDs. Find out how members of professional institutes can approach their respective institutes for merging or deactivating IDs and creating new IDs in MCA21 V-3 portal.

Taxability of Income from Off-Shore Investments: Income Tax Circular

July 12, 2023 2781 Views 1 comment Print

Read the clarifications regarding the taxability of income earned by non-resident investors from off-shore investments in investment funds routed through an Alternative Investment Fund (AIF). Learn about the amendments and regulations applicable to Category I or Category II AIFs in India.

SEBI Circular: BRSR Core and ESG Disclosures for Value Chain

July 12, 2023 9180 Views 0 comment Print

Read the latest circular from the Securities and Exchange Board of India (SEBI) introducing the BRSR Core framework for assurance and ESG disclosures for the value chain. Learn about the amendments to the LODR Regulations and the applicability of the BRSR Core to listed entities.

Pollution Control Board issues Show Cause Notice to 479 Brand Owners

July 9, 2023 2382 Views 0 comment Print

Central Pollution Control Board (CPCB) has taken action against 479 brand owners for non-compliance with the Plastic Waste Management Rules, 2016. Learn about the Extended Producer Responsibility (EPR) regime, the show cause notice, and the consequences of violating the rules.

Preventing Fraudulent GST Registrations: Valid Rent Agreement Requirement

July 7, 2023 12171 Views 0 comment Print

Circular on need for a valid rent agreement or leased deed for GST registration to prevent fraudulent activities and loss of government revenue.

Roles & responsibilities of Trustees & board of directors of AMCs of Mutual Funds

July 7, 2023 4047 Views 0 comment Print

As per the extant regulatory framework, the Trustees hold the property of the Mutual Fund in trust for the benefit of the unit holders and their primary role is to ensure that AMCs appointed by them act in the best interests of the unitholders. Accordingly, any conflict between interests of unitholder and that of AMCs’ stakeholders needs to be addressed by the Trustees.

Regulatory Framework for Sponsors of a Mutual Fund

July 7, 2023 2451 Views 0 comment Print

In order to enhance the penetration of the Mutual Fund industry, and to facilitate new types of players to act as sponsors of Mutual Funds, an alternative set of eligibility criteria is introduced. This is with the objective of facilitating fresh flow of capital into the industry, fostering innovation, encouraging competition, providing ease of consolidation and easing exit for existing sponsors.

Guidelines for issuance of Summons under Section 70 of Karnataka GST

July 6, 2023 2751 Views 0 comment Print

Explore the guidelines for issuing summons under Section 70 of the Karnataka Goods and Services Tax Act. Understand obligations rights, and key provisions.

SOP for conduct of Search & Seizure under Section 67(2) of Karnataka GST

July 6, 2023 2943 Views 0 comment Print

Discover the 2023 search and seizure procedure under the Karnataka Goods and Services Tax Act. Learn about the SOP, conditions, and post-search steps

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