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Information in offer document/placement memorandum for InvITs

October 20, 2016 838 Views 0 comment Print

Regulation 15(3), read with Schedule III, and Regulation 15(4) of the SEBI (Infrastructure Investment Trusts) Regulations, 2014 prescribe disclosures to be made in an offer document and placement memorandum respectively. The said disclosures, inter-alia, include disclosures for financial information of the InvIT as well as the Investment Manager and the Sponsor.

Review of sectoral caps & simplification of FDI Policy

October 20, 2016 1621 Views 0 comment Print

An entity engaged in single brand retail trading operating through brick and mortar stores, is permitted to undertake retail trading through e-commerce.

Investment by Foreign Venture Capital Investor under SEBI Regulations

October 20, 2016 1834 Views 0 comment Print

Investment in India by Foreign Venture Capital Investors (FVCI), registered with SEBI, is governed by the provisions of Schedule 6 of the Principal Regulations.

Rupee Drawing Arrangement – Trade related remittance limit

October 20, 2016 1003 Views 0 comment Print

On a review and in consultation with Government of India, it has been decided that the permitted trade transaction, under the Rupee Drawing Arrangements (RDAs) shall not exceed fifteen lakh rupees per transaction.

External Commercial Borrowings – Extension and conversion

October 20, 2016 1447 Views 0 comment Print

Under the extant ECB guidelines, designated AD Category-I banks can approve requests from borrowers for changes in repayment schedule during the tenure of the ECB

Foreign Exchange Management (Manner of receipt and payment) Regulations, 2016

October 20, 2016 5314 Views 0 comment Print

AD bank may receive foreign exchange by way of remittance or by way of reimbursement from his branch or correspondent outside India against payment for exports from India or against any other payment

Mutual Fund Transaction via Stock Exchange Infrastructure

October 19, 2016 1738 Views 0 comment Print

It has been decided to allow SEBI Registered Investment Advisors (RIAs) to use infrastructure of the recognised stock exchanges to purchase and redeem mutual fund units directly from Mutual Fund/Assets Management Companies on behalf of their clients, including direct plans.

MCA staff to submit Income Tax calculations for F.Y. 2016-17

October 18, 2016 2455 Views 0 comment Print

Cash Section is in the process of calculation of Income Tax for the financial year 2016­17. In view of this, all the officers/members of the staff, whose annual income exceeds Rs.2,50,000/- are requested to furnish the information in the enclosed proforma (Annexure-I,II &III)

Assam gearing up to allot provisional GST registration number

October 16, 2016 5146 Views 0 comment Print

GST provisional Registration Number (GSTIN)- collection of mobile number email Id of taxpayers under VAT, CST, Entry /Luxury / Entertainment Tax

SEBI amends conditions regarding Bullion as collateral

October 14, 2016 679 Views 0 comment Print

Total commodities collateral for any clearing member shall not exceed 30% of the total liquid assets of the clearing member, out of which non-bullion collateral shall not exceed 15% of the total liquid assets of the clearing member

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