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SEBI reviews Stress Testing Methodology for Positions with Early Pay-in

July 21, 2020 708 Views 0 comment Print

While calculating the residual losses as per ‘d’ and ‘f’ above, for positions on which early pay-in are given by the clients/brokers, and margin exemption are granted on such positions, CCs are permitted to consider the ‘margin exemption granted’ or ‘value of early paid-in goods’, whichever is lower, as ‘margins supporting those positions

Filing of ‘Corona Kavach Policy’ as group health insurance product allowed

July 21, 2020 753 Views 0 comment Print

All the general and health insurance companies (insurers) were mandated to offer Individual Covid Standard Health product, Corona Kavach Policy. Insurers are hereby allowed to offer Corona Kavach Policy as group product by duly complying with the norms specified.

CBDT clarifies on Validly of section 194N exemptions

July 20, 2020 23082 Views 2 comments Print

CBDT clarifies that three Section 194N exemption notifications shall be deemed to be issued under fourth proviso to section 194N as amended by the FA, 2020.

Framework to Enable Verification of Upfront Collection of Margins from Clients in Cash and Derivatives segments

July 20, 2020 1437 Views 0 comment Print

Clearing Corporations shall send minimum 4 snapshots of client wise margin requirement to TMs/CMs for them to know the intraday margin requirement per client in each segment. The number of times snapshots need to be sent in a day may be decided by the respective Clearing Corporation depending on market timings subject to a minimum of 4 snapshots in a day. The snapshots would be randomly taken in pre-defined time windows.

Eligibility Criteria for Selection of Underlying Commodity Futures for Options on Commodity Futures

July 20, 2020 531 Views 0 comment Print

The underlying ‘Futures contracts’ on the corresponding commodity shall be amongst the top five futures contracts in terms of total trading turnover value of previous twelve months;

Exit option to dissenting unit holders under SEBI (REIT) Regulations

July 17, 2020 1572 Views 0 comment Print

Manner and mechanism of providing exit option to dissenting unit holders pursuant to Regulation 22(6A) and Regulation 22(8) of SEBI Real Estate Investment Trusts Regulations, 2014 (SEBI (REIT) Regulations) Security Exchange Broad of India CIRCULAR SEBI/HO/DDHS/DDHS/CIR/P/2020/123 July 17, 2020 To, All Real Estate Investment Trusts (“REITs”) All Parties to REITs All Recognised Stock Exchanges All […]

Exit option to dissenting unit holders under SEBI (InvIT) Regulations

July 17, 2020 1428 Views 0 comment Print

Manner and mechanism of providing exit option to dissenting unit holders pursuant to Regulation 22(5C) and Regulation 22(7) of SEBI Infrastructure Investment Trusts Regulations, 2014 (SEBI (InvIT) Regulations) Securities and Exchange Board of File CIRCULAR SEBI/HO/DDHS/DDHS/CIR/P/2020/122 July 17, 2020 To, All Infrastructure Investment Trusts (“InvITs”) All Parties to InvITs All Recognised Stock Exchanges All Merchant […]

EPFO to Settle of death claims on priority basis in events of industrial accidents etc

July 17, 2020 1410 Views 0 comment Print

It is directed that in the events of any incidents of industrial accidents resulting in death of employees of a covered establishment, the concerned RPFC (in-charge of RO) is required to take immediate initiative to settle death claims of the concerned members.

RBI Fair Practices Code for Asset Reconstruction Companies

July 16, 2020 987 Views 0 comment Print

Asset Reconstruction Companies (ARCs) are advised to put in place Fair Practices Code (FPC) duly approved by their Board. In the matter of recovery of loans, ARCs shall not resort to harassment of the debtor. ARCs shall ensure that the staff are adequately trained to deal with customers in an appropriate manner.

Guidelines on settlement of claims on treatment at temporary hospitals

July 16, 2020 636 Views 0 comment Print

In view of increase in number of COVID-19 cases, in order to leverage on the extant healthcare systems put in place, it is important to recognise the make-shift or temporary hospitals permitted by Government for settlement of health insurance claims for insurance companies.

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