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Circulars

Cyber Security and Cyber Resilience framework for Registrars to an Issue / Share Transfer Agents (RTAs)

September 8, 2017 873 Views 0 comment Print

Rapid technological developments in securities market have highlighted the need for maintaining robust cyber security and cyber resilience framework to protect the integrity of data and guard against breaches of privacy.

MVAT: Certificate for purchase of Natural Gas at a notified concessional rate

September 8, 2017 6840 Views 0 comment Print

Natural Gas is covered under entry 15 of Schedule B of the Maharashtra Value Added Tax Act, 2002. The tax rate applicable is 13.5%. A new entry 16 has been added with effect from 24th August 2017 to the said Schedule for the purpose of sale of natural gas at a concessional rate of 3% by virtue of the above referred notification.

Clarifications on Guidelines on insurance e-commerce and electronic issuance of insurance policies

September 7, 2017 1839 Views 0 comment Print

The Authority as part of its developmental mandate and to reach out to the policyholders in a cost efficient manner has taken number of steps. This includes issuing revised guidelines on insurance repositories, insurance e-commerce, issuance of electronic insurance policies, maintenance of electronic records, etc.

MCA clarifies meaning of joint venture for appointment of Independent Directors

September 5, 2017 12876 Views 0 comment Print

A joint venture would mean a joint arrangement, entered into in writing, whereby the parties that have joint control of the arrangement, have rights to the net assets of the arrangement. The usage of the term is similar to that under the Accounting Standards.

MGST: Distribution of GST Provisional Id & Access Token of Phase 11 dealers

September 4, 2017 528 Views 0 comment Print

Provisional Ids and Access Token of Phase 11 dealers, are now made available by GSTN. Dealer can obtain their Provisional Ids from department’s portal www.mahavdt.gov.in, using their login credentials. The list of all such dealers is published under GST Tab on Mahavat portal.

IRDA Clarification on Aadhaar based e-KYC

August 31, 2017 1437 Views 0 comment Print

Authority vide circular dated 21st October, 2013 and AML Master Circular dated 28th September, 2015 allowed Aadhaar based e-KYC service offered by UIDAI for KYC verification. 2. It is hereby clarified that for accessing the details of the client from UIDAI for identification and authentication shall be with the consent of the client on a voluntary basis.

Clarification on Exchange Traded Option contracts on EUR- INR, GBP- INR and JPY- INR currency pairs

August 31, 2017 1200 Views 0 comment Print

1. SEBI vide circular SEBI/HO/MRD/CP/CIR/P/2016/38 dated March 9, 2016 laid down the detailed framework for introduction of cross-currency futures and option contracts in the EUR- USD, GBP- USD and USD- JPY currency pairs and introduction of currency option contracts in EUR- INR, GBP- INR and JPY- INR currency pairs. The said framework interalia specified product design, risk management & dynamic price bands etc for cross currency options and currency options.

Issuance, listing and trading of debt securities on exchanges in IFSC

August 31, 2017 516 Views 0 comment Print

In continuation of guidelines on debt securities contained in Chapter V Issue of Debt Securities of SEBI (IFSC) Guidelines, 2015 and based on the representations received from stock exchanges and market participants in IFSC, it has been decided that for issuing debt securities in IFSC, stock exchanges shall evolve a detailed framework prescribing

SEBI (International Financial Services Centers) Guidelines, 2015- Amendments

August 31, 2017 495 Views 0 comment Print

In order to further streamline the operations at IFSC, based on the internal discussions and consultations held with the stakeholders, it has been decided to amend provisions of the aforesaid guidelines as follows

Electronic Sealing for Containers by exporters under self-sealing procedure-Reg.

August 28, 2017 7461 Views 0 comment Print

In continuation of the Board circular 26/2017-Customs dated 1.7.2017 regarding self-sealing of containers by exporters using electronic seals, the Board has approved the following procedure which shall be adhered to by exporters opting for self-sealing.

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