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SEBI amends SEBI (International Financial Services Centres) Guidelines, 2015

February 27, 2020 1134 Views 0 comment Print

Clause 8 (1) of SEBI (IFSC) Guidelines, 2015 is being amended to read as under: 8 (1) Any SEBI-registered intermediary (except trading member or clearing member) or its international associates in collaboration with such SEBI-registered intermediary may provide financial services relating to securities market, in IFSC, without forming a separate company, subject to the prior approval of the Board.

Investors can directly directly access infrastructure of recognised stock exchanges to deal in MFs

February 26, 2020 1014 Views 1 comment Print

It has been decided to allow investors to directly access infrastructure of the recognised stock exchanges to purchase and redeem mutual fund units directly from Mutual Fund/ Asset Management Companies.

Relief in Average Export Obligation in terms of Para 5.19 of HBPs of FTP 2015-20

February 26, 2020 2073 Views 0 comment Print

Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi ***** Policy Circular No. 31/2015-20 Dated 26th February, 2020 To, All Regional Authorities of DGFT /All Customs Authorities/FIEO/EPCs/All Concerned. Subject: Relief in Average Export Obligation in terms of Para 5.19 of Hand Book of Procedures […]

Changes to Margin Framework for Cash & Derivatives segments

February 24, 2020 3477 Views 0 comment Print

The Extreme Loss Margin shall be 3.5% for any stock and 2% for ETFs that track broad based market indices and do not include ETFs which track sectoral indices.

Physical Submission of Audit Report in Form 704 for FY 2018-19

February 24, 2020 6291 Views 0 comment Print

The last date for electronic uploading of form e-704, for the financial year 2018-19, is 28th February, 2020 and the last date for submission of above documents is 09th March, 2020.

Transportation of goods to and from India through a foreign Territory

February 21, 2020 3033 Views 0 comment Print

The transportation of goods from one part of India to another through a foreign territory was hitherto covered by the Transportation of Goods (Through Foreign Territory) Regulations, 1965. Such movements were however uncommon and the regulations were not effectively used due to absence of bilateral arrangements with neighbouring countries.

AP RERA- Skill, Safety, Third Party Certification on all Projects

February 20, 2020 1731 Views 0 comment Print

Circular No.: A/1104/2019, Dt:20-01-2020. General Direction to the Promoters as per the Section 37 of the RERA Act Andhra Pradesh Real Estate Regulatory Authority Circular No. A/1104/2019, Dt 20.01.2020. The Parliament has enacted ‘The Real Estate (Regulation and Development) Act 2016‘, to establish the Real Estate Regulatory Authority for regulation and promotion of the real […]

Authority to condone delay in filing Form 9/Form 10 by Charitable Institutions

February 19, 2020 14400 Views 0 comment Print

Circular No. 6/2020 – Condonation of delay u/s 119(2)(b) of the IT Act, 1961 in filing of Return of Income for AY 2016-17, 2017-18 and 2018-19 and Form No. 9A and Form No. 10 – reg. Circular No. 06/2020-Income Tax F.No.197/55/2018-ITA-I Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes […]

RoSCTL Scheme & Incentive for export of garments & made-ups

February 19, 2020 37320 Views 5 comments Print

It may be noted that under the erstwhile RoSL scheme that was in operation till 06.03.2019, the rebate was provided in exporter’s bank account based on budgetary allocation of MoT. However, under the RoSCTL and Additional Ad-hoc Incentive schemes, the rebate will be granted by DGFT in the form of electronic duty credit scrips similar to the scrips issued under MEIS.

Filing of forms in Registry (MCA-21) by IRP, RP or Liquidator

February 17, 2020 17259 Views 2 comments Print

Filing of forms in the Registry (MCA-21) by the Insolvency Professional (Interim Resolution Professional (IRP) or Resolution Professional (RP) or Liquidator) appointed under Insolvency Bankruptcy Code, 2016 (IBC, 2016).

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