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Circulars

Cut-off date for re-lodgement of share transfer deeds extended

September 7, 2020 1416 Views 0 comment Print

It has been decided to fix March 31, 2021 as the cut-off date for re-lodgement of transfer deeds. Further, the shares that are re-lodged for transfer (including those request that are pending with the listed company / RTA, as on date) shall henceforth be issued only in demat mode.

IRDAI Guidelines on Wellness and Preventive Features

September 4, 2020 885 Views 0 comment Print

a.  Any wellness and preventive feature shall be designed only with the objective of maintaining and improving good health, thereby enabling affordable health insurance. b. As part of promoting wellness and preventive regime, insurers may offer reward points to those policyholders who comply with or meet the set criteria of wellness and preventive features.

All India roll-out of Faceless Assessment by CBIC

September 4, 2020 2427 Views 0 comment Print

CBIC has decided to roll-out the Faceless Assessment at an All India level in all ports of import and for all imported goods by 31.10.2020. The detailed roll-out plan in phases covering different Customs Zones and Chapters of the Customs Tariff Act, 1975, including the existing Phases I and II, is given in Annexure I.

Customs procedure for export of cargo in containers & closed bodied trucks

September 4, 2020 633 Views 0 comment Print

CBIC had prescribed the procedure for facilitating and monitoring transshipment of consignments sealed at ICDs/CFSs under ECTS and destined for export to Nepal or Bangladesh.

e-Nomination facility for NPS subscribers

September 3, 2020 882 Views 0 comment Print

PFRDA has issued a Circular pertaining to ‘e-Nomination facility for NPS Subscribers’ in order to help and guide the Subscribers of NPS in understanding detailed provisions regarding ‘Nominations’ under NPS and process flow of e-Nomination facility.

Cessation of ‘Aditya Birla Idea Payments Bank Ltd’ as a banking company

September 3, 2020 471 Views 0 comment Print

We advise that the Aditya Birla Idea Payments Bank Limited has ceased to be a banking company within the meaning of the Banking Regulation Act, 1949 with effect from July 28, 2020

Exclusion of ‘Westpac Banking Corporation’ from Second Schedule to RBI Act, 1934

September 3, 2020 369 Views 0 comment Print

We advise that the Westpac Banking Corporation has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DOR.IBD.No.99/23.13.138/2020-21 dated July 18, 2020,

SOP | Conduct of Search & Seizure | Section 67(2) | APGST Act 2017

September 3, 2020 5544 Views 0 comment Print

The search of a place and seizure of goods/documents/books/things is conducted in terms of Section 67(2) of APGST Act, 2017. The search and seizure, if necessary, can be conducted after conducing of inspection under Section 67(1) or otherwise. The procedural aspects are dealt under Rule 139 of APGST Rules, 2017.

Segregation of portfolio due to COVID-19 pandemic- Provision Reviewed

September 2, 2020 837 Views 0 comment Print

Date of proposal for restructuring of debt received by AMCs shall be treated as the trigger date for the purpose of creation of segregated portfolio.

Disclosures on Margin obligations given by way of Pledge/ Re-pledge in Depository System

September 2, 2020 654 Views 0 comment Print

SEBI vide circular dated February 25, 2020 issued guidelines on acceptance of collateral from clients in the form of securities by Trading Member(TM) / Clearing Member (CM), only by way of ‘margin pledge’, created in the Depository system.

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