The Circular No. 12/2023 by the Commissioner of State Tax, Kerala, provides guidelines for the Audit Monitoring Committee (AMC) in completing audits under the KSGST Act, 2017. It outlines the procedures to be followed, including the review of Draft Audit Reports (DAR) and the decision-making process during monthly meetings. SGST/2726/2023/-PLC11 GST Office of the Commissioner […]
Read the SEBI circular regarding trading preferences by clients, highlighting the standardized format for accessing multiple stock exchanges for the same segment. Stock brokers are mandated to register new clients on all active stock exchanges based on their trading preferences.
National Stock Exchange of India is seeking comments and feedback on the proposal to migrate from PDF to XBRL format for submitting corporate announcements related to the Corporate Insolvency Resolution Process (CIRP). Listed companies are encouraged to provide their suggestions and observations on the attached format.
Read the IFSCA circular outlining guidelines for Direct Market Access (DMA) and Sponsored Access (SA) facilities in the International Financial Services Centre (IFSC). Learn about the requirements, responsibilities of Broker-Dealers, due diligence of clients, sub-delegation, operational procedures, and risk management measures.
Ministry of Corporate Affairs (MCA) has announced an extension in the due date for filing Form DPT-3, allowing companies to file without paying additional fees until July 31, 2023. Get the details and implications of this decision in the official circular, General Circular no. 06/2023.
On June 21, 2023, the Securities and Exchange Board of India (SEBI) issued a new circular laying out the modalities for launching Liquidation Scheme and distributing investments of Alternative Investment Funds (AIFs) in-specie. The circular comes in response to amendments made to the AIF Regulations, which provide AIFs with greater flexibility to deal with their […]
SEBI has released a circular outlining a standardized approach to valuation of investment portfolio of Alternative Investment Funds (AIFs). Issued on June 21, 2023
Understand the implications of the new SEBI regulations that mandate the dematerialization of units of Alternative Investment Funds (AIFs). Explore the deadlines, compliance requirements, and the regulatory backdrop of this transformative move.
IRDAI has issued a circular, expanding the scope of Use and File procedure for life insurance products. This article provides an analysis of the modifications made in the circular and their implications for the insurance industry.
SEBI has issued a circular addressing the adherence to Regulation 51A of the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 by Online Bond Platform Providers. This circular outlines the restrictions on product offerings, divestment requirements, and permissions for offering certain securities on online bond platforms. The circular highlights the need for Online Bond […]
