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Circulars

Relaxation on levy of additional fees in filing of Annual ROC forms

December 29, 2021 16260 Views 0 comment Print

Relaxation on levy of additional fees in filing of e-forms AOC-4, AOC-4 (CFS), AOC-4 XBRL, AOC-4 Non-XBRL and MGT-7/MGT-7A for financial year ended on 31.03.2021

Maintenance of Current Accounts in multiple banks by Insurance Intermediaries including entities sponsored by them

December 29, 2021 474 Views 0 comment Print

It has been observed that the insurance intermediaries maintain multiple current accounts with banks at different operational levels, i.e., Branch offices, Corporate office, etc., for regulatory and other purposes.

Fine & Action by SEBI for non-compliances by issuers of listed NCS/CP

December 29, 2021 13731 Views 0 comment Print

SEBI issued a Circular and notified Fine to be levied in case of non-compliance(s) by issuers of listed Non-Convertible Securities and/or Commercial Papers and Action to be taken in case of non-compliances by issuers of listed Non-Convertible Securities (NCS) and/or Commercial Papers (CP). Securities and Exchange Board of India CIRCULAR SEBI/HO/DDHS_Div2/P/CIR/2021/699 December 29, 2021 To, […]

Relaxation for verification of income tax-returns of AY 2020-21

December 28, 2021 12180 Views 2 comments Print

CBDT provides One-time relaxation for verification of all income tax-returns e-filed for the Assessment Year 2020-21 which are pending for verification and processing of such returns

MahaRera: Submission of certificates to schedule bank operating separate account

December 28, 2021 4404 Views 0 comment Print

Promoter henceforth shall submit the said three certificates to the schedule bank operating the separate account at the time of every withdrawal from the separate account irrespective whether such real estate project is a new project or an ongoing project till the occupancy certificate/completion certificate as the case may be, in respect of the said project is obtained and the copies thereof shall be submitted online by promoters to MahaRERA Authority.

Restriction on storage of actual card data [i.e. Card-on-File (CoF)]

December 23, 2021 1860 Views 0 comment Print

The timeline for storing of CoF data is extended by six months, i.e., till June 30, 2022; post this, such data shall be purged; and in addition to tokenisation, industry stakeholders may devise alternate mechanism(s) to handle any use case (including recurring e-mandates, EMI option, etc.) or post-transaction activity (including chargeback handling, dispute resolution, reward / loyalty programme, etc.)

Regulatory fee structure for recognised stock exchanges in IFSC

December 23, 2021 687 Views 0 comment Print

It has been represented by the stakeholders that considering the nascent stage of debt market at IFSC, the levy of fees for listing of privately placed debt securities may be deferred till development of the market at IFSC.

NPS/APY Functionalities released by CRAs during Quarter II (FY 2021-22)

December 22, 2021 1158 Views 0 comment Print

Subscribers can now create Virtual ID for Direct Remittance (D-Remit) through NPS Mobile App instead of being redirected to eNPS portal. This is in addition to the option available on eNPS portal for creation of Virtual ID.

SEBI restores validity period of observation letter issued by SEBI to 6 months to launch NFOs

December 22, 2021 585 Views 0 comment Print

Based on consultation with stakeholders, it has been decided to restore the validity period of observation letter issued by SEBI to six months to launch NFOs as specified in SEBI circular SEBI/IMD/CIR No.5/126096/08 dated May 23, 2008.

SEBI allows meetings of unitholders till 30.06.2022 through VC/OAVM

December 22, 2021 3588 Views 0 comment Print

It has been decided to extend the facility to conduct annual meetings of unitholders in terms of Regulation 22(3) of SEBI (REIT) Regulations, 2014 and Regulation 22(3)(a) of SEBI (InvIT) Regulations, 2014 and meetings other than annual meeting, through VC or OAVM till June 30, 2022.

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