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Circulars

MahaRERA: Hearing of Complaints as Per Seniority

June 21, 2021 1959 Views 0 comment Print

All complaints filed with MahaRERA shall be heard and decided on merits by the respective single benches of MahaRERA or the Adjudicating Officer as the case may be as per the seniority of the complaint which shall be decided as per the date of filing / registration of the complaint

MahaRERA: Complains to be referred for conciliation after consent of particles before respective single bench of Authority

June 21, 2021 399 Views 0 comment Print

All complaints are to be referred for conciliation only after seeking consent of the parties in a hearing before the respective single bench of the Maharashtra Real Estate Regulatory Authority. MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY  Date :-21/06/2021 Circular No. 33 No. MahaRERA/Secy/File No. 27/85/2021 Sub: Amendment to Circular No. 30/ 2021 dated 18.05.2021 Whereas, by […]

Compliance Check functionality for Sections 206AB & 206CCA

June 21, 2021 69522 Views 8 comments Print

t may be noted that as per the provisos of sections 206AB & 206CCA of the Act, the specified persons shall not include a non-resident who does not have a permanent establishment in India. Tax deductors & collectors are expected to carry out necessary due diligence in respect of a specified person established by the above referred functionality to consider him as non-specified, if the fall under these provisos.

Compliance to be ensured by SEBI registered Investment Advisers

June 18, 2021 2775 Views 0 comment Print

As per Regulation 14 of SEBI (Investment Advisers) Regulations 2013 , SEBI may inter-alia recognize any body or body corporate for the purpose of regulating Investment Advisers and delegate administration and supervision of the IAs on such terms and conditions as may be specified.

SEBI allows Mutual Funds to enter plain vanilla Interest Rate Swaps for hedging

June 18, 2021 945 Views 0 comment Print

Mutual Funds may enter into plain vanilla Interest Rate Swaps (IRS) for hedging purposes. The value of the notional principal in such cases must not exceed the value of respective existing assets being hedged by the scheme.

LRS for Resident Individuals – Banks to upload requisite information on XBRL system

June 17, 2021 2343 Views 0 comment Print

AD Category -I banks were required to upload the data in respect of number of applications received and the total amount remitted under the Liberalised Remittance Scheme (the Scheme) on Online Return Filing System (ORFS). It has now been decided to collect this information through XBRL system instead of the ORFS.

SEBI devise a framework to mitigate the risk of misuse of client’s fund

June 16, 2021 1248 Views 0 comment Print

Securities and Exchange Board of India CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2021/577 June 16, 2021 To, All recognized Stock Exchanges Madam / Sir, Sub: Settlement of Running Account of Client’s Funds lying with Trading Member (TM) 1. SEBI, vide circular no. MIRSD/SE/Cir-19/2009 dated December 03, 2009 and SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95 dated September 26, 2016, issued the guideline for settlement of running […]

SEBI: System driven disclosures made applicable to listed Debt Securities

June 16, 2021 3303 Views 0 comment Print

It has now been decided to include the listed debt securities of equity listed companies under the purview of the said System Driven Disclosures for the entities mentioned at Para 2 above.

SEBI relaxes minimum vesting period of ESOP and SAR

June 15, 2021 2934 Views 0 comment Print

Securities Exchange Board of India (‘SEBI’) vide its Circular dated June 15, 2021, has provided relaxation in the provision related to a minimum vesting period of one year in case of Employee Stock Options (“ESOP”) and Stock Appreciation Rights (“SAR”). There is a requirement of a minimum vesting period of one year for ESOP and SAR under […]

EPFO extends deadline for filing of PF return with Aadhaar seeded UANs

June 15, 2021 16014 Views 0 comment Print

EPFO extends deadline for filing of PF return with Aadhaar seeded UANs till September, 2021 Employees’ Provident Fund Organization (EPFO)vide circular No. WSU/15(1)2019/ATR/529 dated 15th June, 2021 extended the last date to seed the Aadhaar number with the universal account number (UAN) for filing electronic challan-cum-returns till September 1, 2021. The revised date will now […]

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