Circular No. 5 of 2023, issued by CBDT, provides guidelines for the implementation of section 194BA of Income-tax Act, 1961. This section pertains to the deduction of income tax on winnings from online games.
SEBI has issued a circular requiring REITs to hold securities of holding companies and SPVs in dematerialized form only.
SEBI issued a circular requiring Infrastructure Investment Trusts (InvITs) to hold securities of Hold Cos and SPVs (Special Purpose Vehicles) in dematerialized form.
IRDAI has announced the introduction of dedicated email addresses for applicants seeking No Objection Certificates (NOC), Certificates of Registration (CoR), or other related communications.
Over time there has been increased participation of investors in Indian securities market, including, in the derivatives segment. While investors are expected to make investment decisions based on their own due diligence and risk appetite, it is important to empower them with detailed information about the risks associated with trading in derivatives.
Principal Commissioners / Commissioners are to ensure that the exporters approaching for paying the duty, etc. are registered with the DGFT in terms of the Public Notice dated 02.04.2023 ibid. These cases under the scheme be monitored and tracked so that there is efficient handling and expeditious closure of these old cases of bona fide EO default in a seamless manner. Suitable mechanism for this should be put in place and closely supervised by the Principal Commissioners / Commissioners.
International Financial Services Centres Authority has issued a circular providing a comprehensive fee structure for entities intending to undertake permissible activities in IFSC. Learn about the categories of fees, payment procedures, and late payment penalties outlined in the circular.
BSE via circulars dated January 27th 2023 & March 31st 2023 had introduced the facility for filings of certain announcements in XBRL format. Further via circular dated May 16th 2023 BSE has issued certain clarifications on Filing of announcements in XBRL format on BSE listing centre which is summarized as follows – Area of doubts […]
National Stock Exchange of India Circular Ref No: NSE/CML/2023/34 Date: May 15, 2023 Department: Listing To, The Company Secretary/Compliance Officer, All Listed Companies, Subject: FAQ’s on filing of announcements in XBRL format on NSE Electronic Application Processing System (NEAPS) platform. In furtherance to the circular NSE/CML/2023/28 dated March 31, 2023, issued by the Exchange w.r.t […]
The Insurance Regulatory and Development Authority of India (IRDAI) has announced modifications to the Surety Insurance Guidelines, aiming to develop and expand the Surety Insurance Bonds market. The revisions include replacing solvency margin requirements, reducing the control level from 1.875 to 1.5 times, and eliminating the 30% exposure limit on each contract underwritten by insurers. […]
