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Depositories to maintain Account & Records for 8 Years: SEBI

August 18, 2020 1620 Views 0 comment Print

Depositories and Depository Participants are required to preserve the records and documents for a minimum period of 8 years. In terms of Regulations 54 and 66 of the SEBI (Depositories and Participants) Regulations, 2018 (herein referred to as D&P Regulations, 2018) notified on October 03, 2018, Depositories and Depository Participants are required to preserve the records and documents for a minimum period of eight years

Loss Prevention & Minimization in General Insurance Industry- Report

August 18, 2020 1512 Views 0 comment Print

Keeping in view synergies involved and the need for collaboration between various stakeholders for effective loss prevention and minimization in the general insurance industry, the Authority had set up a Working Group to study the current scenario and make recommendations.

File GNL-1 for seeking extension of time in holding of AGM

August 17, 2020 25989 Views 0 comment Print

MCA has not given any extension for holding of AGM for the financial year ended as at 31.03.2020 and has only allowed holding of annual general meeting (AGM) through video conferencing (VC) or other audio visual means (OAVM). MCA has now clarified as below- 1. Companies can use relaxations in General Circular No. 20/2020, dated […]

Customs Procedure for manufacturing in special warehouses

August 17, 2020 2679 Views 0 comment Print

Circular No. 36/2020-Customs Procedure to be followed in cases of manufacturing or other operations undertaken in special warehouses under section 65 of the Customs Act

RBI revises guidelines applicable for Core Investment Companies

August 13, 2020 3861 Views 0 comment Print

Based on the recommendations of the WG and inputs received from stakeholders, it has been decided to revise the guidelines applicable for Core Investment Companies.

SEBI SOP- Handling of complaints by stock exchanges & Action for failure to redress investor complaints

August 13, 2020 1959 Views 0 comment Print

Investor grievances redressal mechanism – Handling of SCORES complaints by stock exchanges and Standard Operating Procedure for non-redressal of grievances by listed companies.

RBI decides to implement system-based asset classification in UCBs

August 12, 2020 1278 Views 0 comment Print

In order to improve the efficiency, transparency and integrity of the asset classification process, it has been decided to implement system-based asset classification in urban co-operative banks (UCBs).

SEBI provides Administrative support for Trustees of Mutual Funds

August 10, 2020 1143 Views 0 comment Print

SEBI, in its interactions with the Trustees had received feedback for providing administrative assistance to Trustees in monitoring various activities of the AMCs. Trustees shall appoint a dedicated officer having professional qualification and minimum 5 years of experience in finance and financial services related field.

Revised procedure for Import of Pets / Live Animals

August 10, 2020 4401 Views 0 comment Print

Procedure for import of Live Animals in general and also for import of pets (only Dogs and Cats) as baggage/Personal imports by Passengers. Following procedure shall be followed for clearance of pets/live animals including cats and dogs:

SEBI amends SEBI (IFSC) Guidelines, 2015

August 7, 2020 957 Views 0 comment Print

Any Indian recognized stock exchange or clearing corporation, or, any recognized stock exchange or clearing corporation of a foreign jurisdiction shall form a subsidiary to provide the services of clearing corporation in IFSC wherein at least fifty one per cent. of paid up equity share capital is held by such stock exchange or clearing corporation.

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