Any non-bank entity recognised as a custodian of assets/securities by IFSCA through the branch structure, shall be permitted to become a Clearing Member of a Clearing Corporation in GIFT-IFSC. For this purpose, the entity shall comply with the following conditions:
1. The International Financial Services Centres Authority (Issuance and Listing of Securities) Regulations, 2021 (“ILS Regulations”) have been notified on July 16, 2021 providing the regulatory framework for issuance and listing of securities on the recognised stock exchanges in the IFSC.
Furnishing of evidence of claims by employee for deduction of tax under section 192 for the FY 2021-22 and AY 2022-23. (For Assessees other than those who opted for New Tax Regime)
Timelines for (a) Issuance of electronic policies and (b) dispensing with physical signatures and wet signature on the proposal form in respect of health insurance policies, stand extended up to 31st March,2022.
Code of Conduct and Code of Ethics for the Directors and Key Management Personnel (KMP) of recognized Market Infrastructure Institutions (MIIs) in GIFT-IFSC
Extension of timelines for sale and renewal of short term Covid specific health insurance policies- Corona Kavach Policies and Corona Rakshak Policies are permitted to be offered and renewed by all insurers up to 31.03.2022.
The exemptions granted for issuance of electronic policies as well as dispensing with physical document and wet signature have been extended upto the period 31/03/2022.
A detailed procedure for processing of applications under the aforementioned Section for use of Aadhar authentication services by entities other than banking companies has been provided by the Department of Revenue, Ministry of Finance vide their circular dated May 9, 2019.
All Regional Offices are requested to re-fix the Annual average export obligation for EPCG Authorizations for the years 2019-20 and 2020-21 accordingly. Reduction, if any. in the FO should be appropriately endorsed in the licence file of the Office of RA as also in the amendment sheet to be issued to the EPCG Authorisation holder.
The due date of furnishing of Return of Income for the Assessment Year 2021-22, which was 31st July, 2021 under sub-section (1) of section 139 of the Act, as extended to 30th September, 2021 vide Circular No.9/2021 dated 20.05.2021, is hereby further extended to 31st December, 2021;
