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Circulars

Annual & other meetings of unitholders of REITs and InvITs – Extension

June 3, 2022 579 Views 0 comment Print

Extension of facility for conducting annual meeting and other meetings of unitholders of REITs and InvITs through Video Conferencing (VC) or through Other Audio-Visual means (OAVM)

Clarification regarding Form No 10AC issued till the date of this Circular

June 3, 2022 18096 Views 0 comment Print

PCIT or CIT can examine if there is any specified violation by the trust or institution registered or provisionally registered under relevant clauses of sub-section (1) of section 12AB or sub¬section (1) of section 12AA.

IRDAI circular on Public Disclosures by FRBs/Lloyd’s India

June 3, 2022 906 Views 0 comment Print

IRDAI has received representations on the rationalization of compliance requirements on Public Disclosures of Foreign Reinsurance Branches (FRBs) and Lloyd’s India as they are not directly dealing with retail customers.

Procedure for seeking prior approval for change in control of Portfolio Managers

June 2, 2022 1317 Views 0 comment Print

An online application shall be made by Portfolio Manager to SEBI for prior approval through the SEBI Intermediary Portal (https://siportal.sebi.gov.in).

Module developed for Revocation of cancelled GSTIN beyond 90 days

June 2, 2022 20907 Views 0 comment Print

In order to revoke the cancelled registration after 90 days, which was allowed by the concerned appellate authority or the High Court, there was no electronic module in place to revoke such cancelled registration. Now a module has been developed and tested in order to revoke cancelled GSTIN beyond 90 days. With the help of […]

Guidelines on Product Filing Procedures for General Insurance products amended

June 1, 2022 2646 Views 0 comment Print

Para 7.2(I) and 7.2 (III) of Guidelines on Product Filing Procedures for General Insurance products stands modified to the above effect (Para 3). All the other provisions and requirements of Guidelines on ‘Product Filing Procedures for General Insurance products’ shall remain applicable.

MCA allows LLPs to file event based e-forms without additional fees

May 31, 2022 8025 Views 0 comment Print

MCA allows LLPs to file various event based LLP e-Forms, due dates of which are falling between 25th February, 2022 and 31st May, 2022, without paying additional fees up to 30th June, 2022.

Solvency margin for Pradhan Mantri Jeevan Jyoti Bima Yojana

May 31, 2022 900 Views 0 comment Print

For PMJJBY, the second factor for calculation of Required Solvency Margin as per Form KT-1 of IRDAI (Actuarial Report and Abstract for Life Insurance Business) Regulations, 2016 is revised from 0.10% to 0.05%.

SOP for dispute resolution under Stock Exchange arbitration mechanism

May 30, 2022 1995 Views 0 comment Print

Standard Operating Procedures (SOP) for dispute resolution under the Stock Exchange arbitration mechanism for disputes between a Listed Company and/or Registrars to an Issue and Share Transfer Agents (RTAs) and its Shareholder(s)/Investor(s)

Processing of ASBA applications in Public Issue of Equity Shares & Convertibles

May 30, 2022 1140 Views 0 comment Print

The processing of ASBA applications in the Public Issues by market intermediaries and SCSBs has been reviewed. As a part of the continuing efforts to further streamline the bidding process and to ensure the orderly development of securities market, a need has been felt to implement the ASBA process in line with the aforementioned circulars.

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