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Status of transactions executed at Disaster Recovery Site of MIIs

June 22, 2021 444 Views 0 comment Print

IFSCA Regulations as adopted from Securities and Exchange Board of India (SEBI), require the Stock Exchanges to schedule live trading sessions from their Disaster Recovery (DR) sites located in a different seismic zone, from that of the data centre, for at least two consecutive days in every six months.

Telangana HC Issues Practice Directions on Cheque Bouncing Cases

June 21, 2021 4488 Views 0 comment Print

Pursuant to directions of Hon’ble Supreme Court of India, following Practice Directions are issued to all Courts dealing with cases under Section 138 of Negotiable Instruments Act, in Telangana State.

MahaRERA: Hearing of Complaints as Per Seniority

June 21, 2021 2793 Views 0 comment Print

All complaints filed with MahaRERA shall be heard and decided on merits by the respective single benches of MahaRERA or the Adjudicating Officer as the case may be as per the seniority of the complaint which shall be decided as per the date of filing / registration of the complaint

MahaRERA: Complains to be referred for conciliation after consent of particles before respective single bench of Authority

June 21, 2021 537 Views 0 comment Print

All complaints are to be referred for conciliation only after seeking consent of the parties in a hearing before the respective single bench of the Maharashtra Real Estate Regulatory Authority. MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY  Date :-21/06/2021 Circular No. 33 No. MahaRERA/Secy/File No. 27/85/2021 Sub: Amendment to Circular No. 30/ 2021 dated 18.05.2021 Whereas, by […]

Compliance Check functionality for Sections 206AB & 206CCA

June 21, 2021 70647 Views 8 comments Print

t may be noted that as per the provisos of sections 206AB & 206CCA of the Act, the specified persons shall not include a non-resident who does not have a permanent establishment in India. Tax deductors & collectors are expected to carry out necessary due diligence in respect of a specified person established by the above referred functionality to consider him as non-specified, if the fall under these provisos.

Compliance to be ensured by SEBI registered Investment Advisers

June 18, 2021 3060 Views 0 comment Print

As per Regulation 14 of SEBI (Investment Advisers) Regulations 2013 , SEBI may inter-alia recognize any body or body corporate for the purpose of regulating Investment Advisers and delegate administration and supervision of the IAs on such terms and conditions as may be specified.

SEBI allows Mutual Funds to enter plain vanilla Interest Rate Swaps for hedging

June 18, 2021 1212 Views 0 comment Print

Mutual Funds may enter into plain vanilla Interest Rate Swaps (IRS) for hedging purposes. The value of the notional principal in such cases must not exceed the value of respective existing assets being hedged by the scheme.

LRS for Resident Individuals – Banks to upload requisite information on XBRL system

June 17, 2021 2577 Views 0 comment Print

AD Category -I banks were required to upload the data in respect of number of applications received and the total amount remitted under the Liberalised Remittance Scheme (the Scheme) on Online Return Filing System (ORFS). It has now been decided to collect this information through XBRL system instead of the ORFS.

SEBI devise a framework to mitigate the risk of misuse of client’s fund

June 16, 2021 1575 Views 0 comment Print

Securities and Exchange Board of India CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2021/577 June 16, 2021 To, All recognized Stock Exchanges Madam / Sir, Sub: Settlement of Running Account of Client’s Funds lying with Trading Member (TM) 1. SEBI, vide circular no. MIRSD/SE/Cir-19/2009 dated December 03, 2009 and SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95 dated September 26, 2016, issued the guideline for settlement of running […]

SEBI: System driven disclosures made applicable to listed Debt Securities

June 16, 2021 3723 Views 0 comment Print

It has now been decided to include the listed debt securities of equity listed companies under the purview of the said System Driven Disclosures for the entities mentioned at Para 2 above.

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