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Circulars

Review of time limit for disclosure of NAV of Mutual fund schemes investing overseas

March 29, 2023 1626 Views 0 comment Print

Difficulties being faced in calculation of NAV for schemes investing overseas due to differences in time zones and market hours, partial modification with regard to timelines for declaration of NAV is prescribed depending on investment objective and asset allocation of schemes

Cyber Security and Cyber Resilience framework for Portfolio Managers

March 29, 2023 1602 Views 0 comment Print

With rapid technological advancement in the securities market, there is a greater need for maintaining robust cyber security and to have a cyber-resilience framework to protect the integrity of data and guard against breaches of privacy.

Generation and quoting of DIN on communications issued under GST

March 29, 2023 4260 Views 0 comment Print

Generation and quoting of Document Identification Number (DIN) on communications issued under GST by the officers of the Directorate to tax payers and other concerned persons.

NFRA Letter regarding instances of non compliances with Ind As

March 29, 2023 12078 Views 0 comment Print

Instances of non-compliance with Indian Accounting Standards (Ind ASs) on Accounting Policies for measurement of Revenue from Contracts with Customers and Trade Receivables

Launch of Exchange Rate Automation Module (ERAM) – Suggestions invited

March 29, 2023 1890 Views 0 comment Print

For the purpose of valuation of imported goods and export goods under section 14 of the Customs Act, it is proposed to introduce a system of normally publishing the currency exchange rates on ICEGATE website every day, replacing the existing system of notifying exchange rates fortnightly (twice a month). In this regard, a draft Circular is attached.

West Bengal’s New DIN Policy for GST Communications

March 29, 2023 1611 Views 0 comment Print

Key changes in West Bengal’s latest policy on Document Identification Number (DIN) for GST communications by Directorate of Revenue Intelligence and Enforcement (DRI&E).

Nomination for Mutual Fund Unit Holders – Due date extended to 30.09.2023

March 28, 2023 3000 Views 0 comment Print

It has been decided that the provision with regard to freezing of folios, shall come into force with effect from September 30, 2023 instead of March 31, 2023.

Framework for scheme of arrangement by unlisted Market Infrastructure Institutions

March 28, 2023 1182 Views 0 comment Print

Securities and Exchange Board of India Circular No. SEBI/HO/MRD/MRD-PoD-3/P/CIR/2023/45 Dated: March 28, 2023 To All recognized Stock Exchanges All recognized Clearing Corporations All registered Depositories Dear Sir/Madam, Sub: Norms for Scheme of Arrangement by unlisted Stock Exchanges, Clearing Corporations and Depositories 1. In terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, listed entities (including listed […]

Consequences of PAN becoming inoperative – Rule 114AAA

March 28, 2023 25044 Views 0 comment Print

Consequences of PAN becoming inoperative: (i) refund of any amount of tax or part thereof, due under the provisions of the Act shall not be made to him; (ii) interest shall not be payable to him on such refund for the period, beginning with the date specified under sub-rule (4) of rule 114AAA and ending with the date on which it becomes operative;

SEBI Streamlines onboarding process of FPIs

March 27, 2023 1305 Views 0 comment Print

DDP may grant FPI registration to the applicant on the basis of scanned copies of executed Common Application Form (‘CAF’), scanned copies of certified supporting documents and applicable fees submitted by the applicant.

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