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Circulars

SEBI Circular: Format of Compliance Report on Governance for REITs | June 2023

June 26, 2023 996 Views 0 comment Print

Read SEBI Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2023/101 dated June 26, 2023, introducing the format of the Compliance Report on Governance for Real Estate Investment Trusts (REITs) as per Regulation 26E of SEBI (Real Estate Investment Trusts) Regulations, 2014. The circular specifies the reporting timelines and the inclusion of the report in the annual report of the REITs.

SEBI Circular: Format of Compliance Report on Governance for InvITs | June 2023

June 26, 2023 1311 Views 0 comment Print

Read SEBI Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2023/100 dated June 26, 2023, introducing the format of the Compliance Report on Governance for Infrastructure Investment Trusts (InvITs) as per Regulation 26K of SEBI (Infrastructure Investment Trusts) Regulations, 2014. The circular specifies the reporting timelines and the inclusion of the report in the annual report of the InvITs.

NFRA Circular on Statutory Auditors’ Responsibilities in Reporting Fraud in a Company

June 26, 2023 12561 Views 0 comment Print

NFRA issued a circular highlighting statutory auditors’ obligations to report fraud in accordance with Companies Act, 2013. Circular emphasizes consequences for auditors who fail to fulfill their reporting duties and clarifies that resignation does not absolve them of their responsibilities.

IRDAI Directs Life Insurers to Comply with Surrogacy and ART Acts for Insurance Coverage

June 26, 2023 1176 Views 0 comment Print

IRDAI has issued a circular directing all life insurers to comply with Surrogacy Act, 2021, and ART Act, 2021. Circular emphasizes the need for suitable insurance products that provide coverage for medical expenses and specified loss or damage incurred during the processes of surrogacy and oocyte retrieval.

Investor Service Centres of Stock Exchanges – Provisions & Upgradation

June 26, 2023 1209 Views 0 comment Print

Read the latest circular from SEBI regarding the provisions and upgradation of Investor Service Centres (ISCs) of stock exchanges. The circular outlines the basic minimum facilities to be provided, training requirements for officials, and the phased implementation of the circular.

SEBI Circular: Trading Supported by Blocked Amount in Secondary Market

June 23, 2023 2133 Views 0 comment Print

SEBI has introduced a supplementary process for trading in the secondary market, allowing blocked funds in investor’s bank accounts to be used instead of transferring them upfront to the trading member. This circular outlines the framework for trading supported by blocked amounts and provides guidelines for implementation and settlement processes.

Procedure for Amnesty Scheme Application for Default in Export Obligation – Manual Mode

June 23, 2023 2277 Views 0 comment Print

DGFT issued a policy circular outlining the procedure for applying for the Amnesty scheme for a one-time settlement of default in export obligation by Advance and EPCG authorization holders. In case of difficulties faced with the online application, exporters can now utilize a standalone website to submit their applications in manual mode. This circular provides detailed instructions for filing the application and processing it through the Regional Authorities.

Guidelines: Fair & Equitable Co-location Services by Stock Exchanges in IFSC

June 23, 2023 1008 Views 0 comment Print

Read the IFSCA circular providing guidelines for fair and equitable co-location services offered by Stock Exchanges in the International Financial Services Centre (IFSC). Learn about the requirements, connectivity options, disclosure of information, integrity, security, latency measurement, and introduction of managed co-location services.

Procedure for Reimbursement of SGST on Cinematographic Shows of Cinema Kanakamarga 

June 22, 2023 957 Views 0 comment Print

Learn about procedure for claiming reimbursement of State GST (SGST) on movie Kanakamarga in Karnataka. This circular provides detailed instructions and application formats for exhibitors to apply for reimbursement.

Kerala SGST Circular: Maintenance of Call Book for Adjudication Process

June 22, 2023 2199 Views 0 comment Print

Read Circular No. 13/2023 issued by the Commissioner of State Tax, Kerala, providing instructions for the maintenance of a Call Book in the Kerala State Goods & Services Tax Department. Learn about the purpose of the Call Book, cases to be included, transfer procedures, periodic review, and the attached format.

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