CBDT raises monetary limits for tax appeals: Rs. 60 lakh for ITAT, Rs. 2 crore for High Court, and Rs. 5 crore for Supreme Court, to reduce litigation.
New CBIC circular implements automation for EOUs under Customs Rules, effective September 25, 2024, addressing registration and clearance issues.
SEBI’s new circular mandates T+2 trading for bonus shares, streamlining the process from the record date. Effective from October 2024.
SEBI launches optional centralized fee collection for Investment Advisers and Research Analysts, operational by October 1, 2024.
SEBI updates the quarterly reporting format for Foreign Venture Capital Investors (FVCIs). New requirements apply from the quarter ending September 2024.
SEBI updates Business Continuity Plan and Disaster Recovery guidelines for Stock Exchanges, Clearing Corporations, and Depositories, effective immediately.
CBIC extends export benefits like Duty Drawback, RoDTEP, and RoSCTL for courier shipments through ICES at International Courier Terminals, ensuring smooth clearance.
IFSCA mandates credit rating for debt securities listed on IFSC stock exchanges, effective from October 1, 2024. Compliance required for issuers.
SEBI permits securities funded via cash collateral to be used as maintenance margin for Margin Trading Facility, effective from October 1, 2024.
RBI’s latest directive ends the need for monthly LRS returns by AD Category-I banks, shifting to daily transaction reporting from September 2024.
