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Circulars

Procedure for seeking prior approval for change in control of Portfolio Managers

June 2, 2022 828 Views 0 comment Print

An online application shall be made by Portfolio Manager to SEBI for prior approval through the SEBI Intermediary Portal (https://siportal.sebi.gov.in).

Module developed for Revocation of cancelled GSTIN beyond 90 days

June 2, 2022 20463 Views 0 comment Print

In order to revoke the cancelled registration after 90 days, which was allowed by the concerned appellate authority or the High Court, there was no electronic module in place to revoke such cancelled registration. Now a module has been developed and tested in order to revoke cancelled GSTIN beyond 90 days. With the help of […]

Guidelines on Product Filing Procedures for General Insurance products amended

June 1, 2022 1893 Views 0 comment Print

Para 7.2(I) and 7.2 (III) of Guidelines on Product Filing Procedures for General Insurance products stands modified to the above effect (Para 3). All the other provisions and requirements of Guidelines on ‘Product Filing Procedures for General Insurance products’ shall remain applicable.

MCA allows LLPs to file event based e-forms without additional fees

May 31, 2022 7677 Views 0 comment Print

MCA allows LLPs to file various event based LLP e-Forms, due dates of which are falling between 25th February, 2022 and 31st May, 2022, without paying additional fees up to 30th June, 2022.

Solvency margin for Pradhan Mantri Jeevan Jyoti Bima Yojana

May 31, 2022 660 Views 0 comment Print

For PMJJBY, the second factor for calculation of Required Solvency Margin as per Form KT-1 of IRDAI (Actuarial Report and Abstract for Life Insurance Business) Regulations, 2016 is revised from 0.10% to 0.05%.

SOP for dispute resolution under Stock Exchange arbitration mechanism

May 30, 2022 1470 Views 0 comment Print

Standard Operating Procedures (SOP) for dispute resolution under the Stock Exchange arbitration mechanism for disputes between a Listed Company and/or Registrars to an Issue and Share Transfer Agents (RTAs) and its Shareholder(s)/Investor(s)

Processing of ASBA applications in Public Issue of Equity Shares & Convertibles

May 30, 2022 822 Views 0 comment Print

The processing of ASBA applications in the Public Issues by market intermediaries and SCSBs has been reviewed. As a part of the continuing efforts to further streamline the bidding process and to ensure the orderly development of securities market, a need has been felt to implement the ASBA process in line with the aforementioned circulars.

Modification in Cyber Security & Cyber resilience framework of KRAs

May 30, 2022 582 Views 0 comment Print

KRAs are mandated to conduct comprehensive cyber audit at least twice a financial year. All KRAs shall submit a declaration from the MD/ CEO certifying compliance by the KRAs with all SEBI Circulars and advisories related to Cyber security from time to time, along with the cyber audit report.

Section 8 companies cannot change objects to include Micro Finance/Credit

May 30, 2022 4821 Views 0 comment Print

Micro Finance/Micro Credit as an object in Object Clause of Memorandum of Association (MoA) of Section 8 companies not allowed

Filing of Form 11 by LLP allowed upto 30th June 2022

May 27, 2022 30831 Views 0 comment Print

Relaxation in paying additional fees in case of delay in filing Form 11(Annual Return) by Limited Liability Partnerships up to 30th June, 2022.

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