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Circulars

MVAT: Submission of details of sales through Online Ledger Confirmation Utility

April 25, 2019 5658 Views 0 comment Print

Office of the Commissioner of Sales Tax, (GST),  8th floor, GST Bhavan, Mazgaon, Mumbai-400010. TRADE CIRCULAR No: ACST (VAT)-3/Led. Confirmation/SAP/2018-19/B- 535 Mumbai, Dt 25/04/19 Trade Circular No. 15T of 2019 Subject : Submission of details of sales through Online Ledger Confirmation Utility.. Reference : Trade Circular No. 30T of 2018 dated 24/10/2018 Your attention is invited towards […]

Disclosure on Exposure to ILFS and its group entities

April 24, 2019 606 Views 0 comment Print

No financial institution will declare the accounts of ‘Infrastructure Leasing & Financial Services Limited’ or its entities as ‘NPA’ without prior permission of this Appellate Tribunal.

Vacancy with NFRA for CA/CS/CMA

April 24, 2019 4491 Views 2 comments Print

National Financial Reporting Authority (NFRA) intends to engage upto 10 Chartered Accountants/Cost and Management Accountants/Company Secretaries on contractual basis.

Manner of determining minimum allotment for publicly offered InvITs and REITs

April 23, 2019 813 Views 0 comment Print

For determining the allotment in an initial offer, by a publicly offered InvITs/REITs, following guidelines shall be applicable: The value of each allotment lot shall not be less than Rs 1 lakh for InvITs and Rs 50,000 for REITs, where such lot shall consist of 100 units. Allotment to any investor shall be made in the multiples of a lot.

No additional fees on Filing DPT-3 Form pending deployment

April 12, 2019 60699 Views 0 comment Print

Pending the deployment of DPT-3 Form on MCA 21 portal and in order to avoid inconvenience to stakeholders on account of various factors, it is stated that the additional fee, as provided under the Companies (Registration Offices and Fees) Rules, 2014, shall be levied after 30 days from the date of deployment of the DPT- 3 form on MCA 21 portal.

Insolvency Professionals to pay 0.25% of professional fee to IBBI

April 12, 2019 3723 Views 2 comments Print

Insolvency Professional to pay to IBBI, a fee calculated at the rate of 0.25 percent of the professional fee earned for the services rendered by him as an insolvency professional in the preceding financial year, on or before the 30th of April every year, along with a statement in Form E of the Second Schedule;”

Opening of Foreign Currency a/c by Re-insurance & Composite Insurance brokers

April 11, 2019 378 Views 0 comment Print

Re-insurance and composite insurance brokers registered with IRDA may open and maintain non-interest bearing foreign currency accounts with an AD bank in India for the purpose of undertaking transactions in the ordinary course of their business.

Technology Committee for Mutual Funds / Asset Management Companies

April 11, 2019 546 Views 0 comment Print

In order to deal with various technology related issues, AMCs are advised to constitute a Technology Committee comprising experts proficient in technology. Such committee shall have atleast one independent external expert with adequate experience in the area of technology in Mutual Fund industry / BFSI.

System Audit framework for Mutual Funds / AMCs

April 11, 2019 3069 Views 0 comment Print

Considering the importance of systems audit in technology driven asset management activity and to enhance and standardize the systems audit, revised guidelines in this regard are placed at Annexure 1. These guidelines are indicative and not exhaustive in nature. On the date of issuance of this circular, SEBI Circular SEBI/IMD/CIR No.9/176988/2009 dated September 16, 2009 shall stand rescinded.

BSDA limit- SEBI revises structure of charges for debt securities

April 10, 2019 1542 Views 0 comment Print

In order to further boost participation in Debt Market and based on representation received from market participants, in partial modification of the abovementioned SEBI circulars, it has been decided to revise the structure of charges for debt securities as defined in SEBI (Issue and Listing of Debt Securities) Regulations, 2008, as given below:

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