In view of the difficulties being experienced by exporters in receipt of export proceeds from Sri Lanka and State Bank of India’s credit facility agreement dated March 17, 2022 with the Government of Sri Lanka for sanction of Government of India guaranteed USD 1000 million term loan to the latter for financing purchase of essential goods by Sri Lanka from India, it has been decided that such trade transactions with Sri Lanka, falling under the said arrangement, may be settled in INR outside the ACU mechanism.
The revised format for security cover is enclosed at Annexure I. Further, the obligations of listed entity and Debenture Trustee with respect to preparation and submission of security
It was represented that there should be a minimum gap of three working days considering two days for settlement and one additional day for investor to make application in Rights Issue.
Fee structure applicable to all applicants seeking registration as Fund Management Entity as provided under regulation 3 and 12 of IFSCA (Fund Management) Regulations, 2022
SEBI reviewed process being followed by Registrars to an Issue and Share Transfer Agents & Depositories/ Issuer companies for effecting transmission of securities.
International Financial Services Centres Authority Circular No. F.No. 172/IFSCA/Finance Company Regulations/2022-23/01 | Dated: May 18, 2022 All Finance Company / Finance Unit registered in the International Financial Services Centres (IFSCs) Framework for Aircraft Lease In exercise of the powers conferred by sub-clause (vi) of clause (d) of sub-section (1) of section 3 of the International Financial Services […]
The beneficiaries must own or lease any fisheries related assets such as ponds, tanks, open water bodies, raceways, hatcheries, rearing units, boats, nets and such other fishing gear as the case may be and possess necessary authorisation/certification as may be applicable in respective states for fish farming and fishing related activities and for any other state specific fisheries and allied activities.
A request has also been received from the High Commissioner of Bangladesh in New Delhi in which it has been informed that containers going from India to Bangladesh by rail are returning empty after delivering India’s export goods there and that Bangladesh companies have expressed interest to use such empty containers to export their products to India.
The provision of higher TDS under section 206AB is not applicable on tax to be deducted under sections 194-1A, 194-IB and 194M. This is in addition to already existing provision of its non-applicabilily on tax to be deducted under sections 192, 192A, 194B, 194BB, 194LBC and 194N.
The main objective of service agreements with motor garages/workshops shall only be providing insurance services for claims of accident vehicles and it cannot arbitrarily expand to include scope of services which are not relevant for insurance claims.
