Process for Investments made in the name of a Minor through a Guardian- Payment for investment by means of Cheque, Demand Draft or any other mode shall be accepted from the bank account of the minor or from a joint account of the minor with the guardian only. For existing folios, the AMCs shall insist upon a Change of Pay-out Bank mandate before redemption is processed.
A listed entity is, inter alia, required to submit to the stock exchange, a statement of deviation or variation, pursuant to review by the audit committee, on a quarterly basis for public issue, rights issue, preferential issue etc. indicating, > deviations, if any, in the use of proceeds of public issue, rights issue, preferential issue etc. and > the category wise variation between projected utilisation of funds and the actual utilisation of funds.
The following clarification is issued to the InvITs which are issuing units on private placement basis that are proposed to be listed: a. InvITs, wherein units are issued by way of private placement and which are proposed to be listed, shall file a draft placement memorandum with the Board and stock exchange(s) through a merchant banker registered with the Board not less than thirty days prior to opening of the issue.
Introduction of a new type of semi-closed Prepaid Payment Instrument (PPI) – PPIs upto ₹ 10,000/- with loading only from bank account Reserve Bank of India RBI/2019-20/123 DPSS.CO.PD.No.1198/02.14.006/2019-20 December 24, 2019 All Prepaid Payment Instrument Issuers Madam / Dear Sir, Introduction of a new type of semi-closed Prepaid Payment Instrument (PPI) – PPIs upto ₹ […]
PFRDA issued valuation guidelines in April, 2012 for valuation of securities for NPS Schemes under PFRDA (Preparation of Financial Statements and Auditors Report of Schemes under National Pension System) Guidelines-2012.
Change in Investment Guidelines for NPS Schemes — permitting Pension Funds to invest in Overnight Funds and all such short duration funds as may be permitted by SEBI from time to time
Undersigned is directed to inform that this office has received a new email id inv-custom@gov.in. Henceforth all incident report and seizure reports should be forwarded to this office only on inv-customs@gov.in.
CBDT extends due date for payment of TDS under section 194M during the month of September, 2019 and October, 2019 and the due date for furnishing the challan-cum-statement in Form 26QD for the same, from 31.10.2019 and 30.11.2019 respectively to 31.12.2019. Consequently, the due date of furnishing of the certificate of deduction of tax in […]
Annuity payable by ASPs to NRIs and OCIs will be taxed at source, at rates applicable as per the DTAA (Double Taxation Avoidance Agreements) of the country where the annuitant resides.
CBDT authorizes CIT, to admit belated applications in Form 9A and Form No. 10 in respect of AY 2017-18 where such Form No. 9A and Form No.10 are filed after expiry of time allowed under relevant provisions of the Act.
