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Implementation of Circular on ‘Execution of ‘Demat Debit & Pledge Instruction’ extended

June 30, 2022 528 Views 0 comment Print

Securities and Exchange Board of India Circular No. SEBI/HO/MIRSD/DoP/P/CIR/2022/91 | Dated: June 30, 2022 To, All Depositories All Recognised Stock Exchanges Dear Sir/Madam, Sub: Implementation of Circular on ‘Execution of ‘Demat Debit and Pledge Instruction’ (DDPI) for transfer of securities towards deliveries / settlement obligations and pledging / re-pledging of securities’ – Extension SEBI vide […]

Regulatory framework for e-commerce exports of jewellery through Courier mode

June 30, 2022 4854 Views 0 comment Print

Re-imports of jewellery exported using the courier mode on ECCS through an e- commerce platform and returned through the same platform, on ECCS, is being enabled in certain situations subject to certain conditions or restrictions

FAQ’s- Disclosure of holding of specified securities and Holding of specified securities in dematerialized form

June 30, 2022 6051 Views 0 comment Print

National Stock Exchange of India Circular Ref. No.: NSE/CML/2022/31 | Date: June 30, 2022 The Company Secretary All Listed Companies Subject: FAQ’s – Disclosure of holding of specified securities and Holding of specified securities in dematerialized form Dear Sir/ Madam, This is in furtherance to the circular number SEBI/HO/CFD/PoD-1/P/CIR/2022/92 dated June 30, 2022 in relation […]

IRDAI Repeals 19 Old circulars

June 29, 2022 2235 Views 0 comment Print

In light of the regulatory framework already in force, the 19 IRDAI circulars / guidelines attached to this circular stands repealed.

Last date for filing of LLP Form 11 without additional fee extended

June 29, 2022 22359 Views 0 comment Print

In continuation of MCA General Circular no. 04/2022 dated 27.5.2022 on the captioned subject, it has been decided to further extend the timeline and allow LLPs to file e-Form 11 (Annual Return) for the Financial Year 2021-2022 without paying additional fees up to 15th July, 2022.

Refund of security deposit to Broker Dealers on surrender of membership

June 28, 2022 2955 Views 1 comment Print

On approval of application for surrender of Broker Dealer’s registration by IFSCA, the Stock Exchange shall release Security Deposit of the Broker Dealer (engaged in trading on behalf of clients) after twelve months from the date of approval of surrender application by IFSCA.

Adjustment in derivative contracts for dividend announcements

June 28, 2022 1221 Views 0 comment Print

Based on the recommendations of SMAC, it has been decided that the adjustment in derivative contracts shall be carried out in cases where dividends declared are at or above 2% of the market value of underlying stock.

Section 194S TDS on transactions other than those taking place on or through an Exchange

June 28, 2022 68451 Views 0 comment Print

CBDT Order under section 119 of the Income-tax Act, 1961 (the Act) in relation to tax deduction at source under section 194S of the Act for transactions other than those taking place on or through an Exchange

Committees at Market Infrastructure Institutions (MIIs) in IFSC

June 28, 2022 1089 Views 0 comment Print

The MII shall ensure that on every Committee, except IGRC, the number of Public Interest Directors (PIDs) shall not be less than the total of number of Shareholder Directors, Key Management Personnel (KMPs), independent external persons, etc. put together, wherever Shareholder Directors, KMPs, independent external persons, etc. are part of the concerned Committee.

DGFT clarifies on Chip Import Monitoring System (CHIMS)

June 27, 2022 8763 Views 2 comments Print

A. Whether multiple consignments against a CHIMS registration can be imported within the validity period of CHIMS Registration? Response: Importer may include multiple products in one registration number. However, for each shipment a separate registration number is required.

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