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Circulars

Clarification: Import of Gold by SEZ Units – DGFT Policy Circular 03/2023-24

July 14, 2023 1473 Views 0 comment Print

Read the clarification issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce & Industry, Government of India, regarding the import of gold by SEZ units. The policy circular clarifies that import under specific HS codes is exempted from the recent import restrictions.

Guidance on Filing Announcements: SEBI LODR Amendments 2023

July 14, 2023 1980 Views 0 comment Print

Stay updated on the SEBI LODR amendments 2023. Get guidance on filing announcements through BSE listing center and NSE Electronic Application Processing System (NEAPS) platform. Ensure timely and transparent disclosure of material events by listed entities.

SEBI Circular: Disclosure of Material Events by Listed Entities

July 13, 2023 13398 Views 0 comment Print

SEBI circular (SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123) dated July 13, 2023, regarding disclosure of material events by listed entities under Regulations 30 and 30A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Merger of Multiple User IDs in MCA21 V-2 Portal: Important Circular

July 12, 2023 7539 Views 0 comment Print

MCA circular regarding merger of multiple user IDs in MCA21 V-2 portal and deactivation of old user IDs. Find out how members of professional institutes can approach their respective institutes for merging or deactivating IDs and creating new IDs in MCA21 V-3 portal.

Taxability of Income from Off-Shore Investments: Income Tax Circular

July 12, 2023 1917 Views 1 comment Print

Read the clarifications regarding the taxability of income earned by non-resident investors from off-shore investments in investment funds routed through an Alternative Investment Fund (AIF). Learn about the amendments and regulations applicable to Category I or Category II AIFs in India.

SEBI Circular: BRSR Core and ESG Disclosures for Value Chain

July 12, 2023 7044 Views 0 comment Print

Read the latest circular from the Securities and Exchange Board of India (SEBI) introducing the BRSR Core framework for assurance and ESG disclosures for the value chain. Learn about the amendments to the LODR Regulations and the applicability of the BRSR Core to listed entities.

Pollution Control Board issues Show Cause Notice to 479 Brand Owners

July 9, 2023 1770 Views 0 comment Print

Central Pollution Control Board (CPCB) has taken action against 479 brand owners for non-compliance with the Plastic Waste Management Rules, 2016. Learn about the Extended Producer Responsibility (EPR) regime, the show cause notice, and the consequences of violating the rules.

Preventing Fraudulent GST Registrations: Valid Rent Agreement Requirement

July 7, 2023 9639 Views 0 comment Print

Circular on need for a valid rent agreement or leased deed for GST registration to prevent fraudulent activities and loss of government revenue.

Roles & responsibilities of Trustees & board of directors of AMCs of Mutual Funds

July 7, 2023 2649 Views 0 comment Print

As per the extant regulatory framework, the Trustees hold the property of the Mutual Fund in trust for the benefit of the unit holders and their primary role is to ensure that AMCs appointed by them act in the best interests of the unitholders. Accordingly, any conflict between interests of unitholder and that of AMCs’ stakeholders needs to be addressed by the Trustees.

Regulatory Framework for Sponsors of a Mutual Fund

July 7, 2023 1350 Views 0 comment Print

In order to enhance the penetration of the Mutual Fund industry, and to facilitate new types of players to act as sponsors of Mutual Funds, an alternative set of eligibility criteria is introduced. This is with the objective of facilitating fresh flow of capital into the industry, fostering innovation, encouraging competition, providing ease of consolidation and easing exit for existing sponsors.

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