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Framework for Outsourcing of Payment and Settlement-related Activities by Payment System Operators

August 3, 2021 1758 Views 0 comment Print

The Payment System Operators (PSOs), by virtue of services they provide and the construct of models on which they operate, largely outsource their payment and settlement-related activities to various other entities.

SEBI permits non-scheduled Payments Banks to register as Bankers to an Issue

August 3, 2021 621 Views 0 comment Print

Securities and Exchange Board of India CIRCULAR SEBI/HO/MIRSD/MIRSD_DOR/P/CIR/605/2021 August 3, 2021 To Recognized Stock Exchanges Registered Depositories Registered Stock Brokers Registered Merchant Bankers Registered Registrars to an Issue and Share Transfer Agents Registered Depository Participants National Payments Corporation of India Non-scheduled Payments Banks who propose to seek registration as Bankers to an Issue Madam / […]

CBDT extends due dates for electronic filing of various Forms

August 3, 2021 8073 Views 0 comment Print

CBDT extends due dates for electronic filing of various Forms under the Income-tax Act, 1961 On consideration of difficulties reported by the taxpayers and other stakeholders in electronic filing of certain Forms under the provisions of the Income-tax Act,1961 read with Income-tax Rules, 1962 (Rules), Central Board of Direct Taxes (CBDT) has decided to further […]

CBIC allows facility of continuous AEO certification/auto renewal for AEO-T1 entities

July 31, 2021 3534 Views 0 comment Print

Taking into account the reported difficulties faced by the AEO-T1 (including MSME AEO-T1) entities in seeking renewal and with a view to reduce their compliance burden, the Board has decided to allow the facility of continuous AEO certification/auto renewal for AEO-T1 entities.

Clarification on spending of CSR funds for COVID-19 vaccination

July 30, 2021 2916 Views 0 comment Print

Spending of CSR funds for COVID-19 vaccination for persons other than the employees and their families, Is an eligible CSR activity under item no. (i) of Schedule VII of the Companies Act, 2013 relating to promotion of health care including preventive health care and item no. (xii) relating to disaster management. General Circular No. 13/2021 […]

Intra-day NAV for transactions in units of ETFs directly with AMCs

July 30, 2021 564 Views 0 comment Print

It has been decided to clarify that for the above mentioned transactions, intra-day NAV, based on the executed price at which the securities representing the underlying index or underlying commodity(ies) are purchased / sold, shall be applicable.

IRDAI withdraws Guidelines on Indian owned and controlled

July 30, 2021 1911 Views 0 comment Print

IRDAI hereby withdraws the Guidelines on Indian owned and controlled dated October 19, 2015 with immediate effect as definitions of Control, Indian Control of an Indian Insurance Company and Indian Ownership provided under Indian Insurance Companies (Foreign Investment) Rules, 2015 have been omitted

SEBI: Deployment of unclaimed redemption and dividend amounts and Instant Access Facility in Overnight Funds

July 30, 2021 1692 Views 0 comment Print

The unclaimed redemption and dividend amounts, that are currently allowed to be deployed only in call money market or money market instruments, shall also be allowed to be invested in a separate plan of only Overnight scheme / Liquid scheme / Money Market Mutual Fund scheme floated by Mutual Funds specifically for deployment of the unclaimed amounts.

SEBI: Relaxation in timelines for compliance with regulatory requirements

July 30, 2021 840 Views 0 comment Print

SEBI had earlier provided relaxations in timelines for compliance with various regulatory requirements by the trading members / clearing members / depository participants

MahaRERA: Builder not entitled to sell/allot open parking areas for consideration

July 30, 2021 24930 Views 1 comment Print

i. Open parking areas are provided free of FSI; ii. Promoters are not entitled to sell / allot open parking areas for monetary consideration; iii. Open parking areas, garage and covered parking space should be specifically marked and numbered at the real estate project site in accordance and as per approved / sanctioned plans and tagged to the apartment to which it is allotted

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