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DGFT clarifies on Chip Import Monitoring System (CHIMS)

June 27, 2022 8907 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.

SEBI extends timeline for Validation of KYC records by Registered Intermediaries

June 24, 2022 1872 Views 0 comment Print

2.1. KYC records of all existing clients (who have used Aadhaar as an OVD) shall be validated within a period of 180 days from August 01, 2022. 2.2. The validation of all KYC records (new and existing) shall commence from August 01, 2022.

Guidelines for Large Value Fund for Accredited Investors & Requirement of Compliance Officer for Managers of all AIFs

June 24, 2022 2205 Views 0 comment Print

Securities and Exchange Board of India Circular No. SEBI/HO/AFD/RAC/CIR/2022/088 | Dated: June 24, 2022 To, All Alternative Investment Funds (AIFs) Sir/ Madam, Sub: Guidelines for Large Value Fund for Accredited Investors under SEBI (Alternative Investment Funds) Regulations, 2012 and Requirement of Compliance Officer for Managers of all AIFs A. Guidelines for Large Value Fund for Accredited Investors […]

Reduction of timelines for listing of units of privately placed InvIT

June 24, 2022 1056 Views 0 comment Print

SEBI decided to reduce the time taken for allotment and listing of units of privately placed Infrastructure Investment Trust (InvIT)

Introduction of UPI mechanism for Real Estate Investment Trusts

June 24, 2022 654 Views 0 comment Print

After consultation with stakeholders, it has been decided to provide an additional option to individual investors to apply in public issues of units of REITs with a facility to block funds through Unified Payments Interface (UPI) mechanism for application value upto Rs. 5 Lac.

Introduction of UPI mechanism for Infrastructure Investment Trusts

June 24, 2022 1074 Views 0 comment Print

After consultation with stakeholders, it has been decided to provide an additional option to individual investors to apply in public issues of units of InvITs with a facility to block funds through Unified Payments Interface (UPI) mechanism for application value upto Rs. 5 Lac.

Guidelines – Section 194S TDS on payment for virtual digital asset

June 22, 2022 16887 Views 0 comment Print

Section 194S mandates a person, who is responsible for paying to any resident any sum by way of consideration for transfer of a virtual digital asset (VDA), to deduct an amount equal to 1% of such sum as income tax thereon.

SEBI to facilitate faster confirmation of remittances by intermediaries

June 21, 2022 600 Views 0 comment Print

In order to facilitate faster confirmation of remittances by the intermediaries, necessary arrangement has been made for foreign inward remittances in the following account:

All demat accounts maintained by stock brokers should be appropriately tagged: SEBI

June 20, 2022 957 Views 0 comment Print

In consultation with Stock Exchanges and Depositories, it has been decided that all demat accounts maintained by stock brokers should be appropriately tagged.

Procedure for claiming reimbursement of SGST on Cinematographic shows of Cinema titled 77 Charlie

June 20, 2022 1083 Views 0 comment Print

Government has issued Order granting the benefit of reimbursement of State GST (SGST) on Cinematographic shows of Kannada Cinema titled 777 Charlie exhibited in Cinema theatres/Multiplex theatres in the State of Karnataka for a period of six months from 19-06-2022 subject to the conditions mentioned in the said G.O.

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