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Guidelines

ICEGATE Advisory for Importers to avail benefit of IGCR Rules

March 25, 2023 11994 Views 1 comment Print

Complete step-by-step guide for user to declare an advance intimation of goods to be imported, access continuity bond management module, file monthly return statements.

Generation of IGCR Intimation Number at ICEGATE under IGCR Rules

March 24, 2023 3732 Views 0 comment Print

Directorate General of Systems and Data Management CENTRAL BOARD OF INDIRECT TAXES & CUSTOMS Dept. of Revenue, Ministry of Finance, Government of India Advisory No: 04/2023 Date: 24th March, 2023 Category: IGCR, Imports Issued by: DGoS, ICES Subject – Generation of IGCR Intimation Number (i.e. IIN) at ICEGATE under IGCR Rules for the Financial Year […]

Per client minimum investment amount requirement not apply to AI

March 23, 2023 1242 Views 0 comment Print

As per the second proviso to Regulation 23 (2) of the portfolio management (PM) Regulations, subject to appropriate disclosures in the disclosure document and the terms agreed between the client and the Portfolio Manager, the requirement of minimum investment amount per client shall not apply for an Accredited Investor (AI). Al can make investment through […]

SEBI clarifies on computation of minimum net worth

March 14, 2023 7362 Views 0 comment Print

Definition of term `networth’ in SEBI (Issue and listing of Non-convertible securities) Regulations, 2021 is linked to one provided by Companies Act, 2013. Section 2(57) of Companies Act 2013, provides for calculation of networth.

Guidelines on Statutory Branch Audit of Public Sector Banks

March 6, 2023 74898 Views 2 comments Print

Source- Unconfirmed and based on File Received from Social Media Revised RBI Guidelines for Appointment / Re-appointment of Statutory Branch Auditors of Public Sector Banks and Norms on Business Coverage under Statutory Branch Audit of Public Sector Banks for the year ending March 31, 2023. Reserve Bank of India Ref. DoS.CO.ARG/S8213/08.91.001/2022-23 March 06, 2023 The Chairman/Managing […]

Automatic drop proceedings of Suo moto cancellation of GST Registration

February 24, 2023 17583 Views 0 comment Print

GSTN has implemented a new functionality of automation of drop proceeding of suo motu cancellation of registration where the registration was suspended by GSTN for non-filing of returns through REG-17.

Exemption from minimum subscription requirement under regulation 86 of SEBI ICDR Regulations 2018

February 10, 2023 3357 Views 0 comment Print

For an exemption from the minimum subscription requirement under regulation 86 of SEBI ICDR Regulations 2018, the twin conditions of the proviso to the aforesaid regulation are required to be met. However, for a professionally managed listed company without identifiable promoters/promoter group, compliance with the second condition to the proviso to regulation 86 (1) of […]

Clients writing required text about Portfolio fees is must, electronic onboarding not valid: SEBI

February 10, 2023 1065 Views 0 comment Print

SEBI had noticed that clauses relating to fees and charges in the portfolio manager-client agreement did not always clearly reflect the fees and charges payable by the client and the manner of computation of the same. To bring about greater uniformity, clarity and transparency with regard to fees and charges, SEBI issued circular dated October […]

FPI can be part of two investor groups: SEBI

January 30, 2023 1299 Views 0 comment Print

SEBI observed that there is no express bar in the FPI Regulations upon the FPIs to be part of multiple investor groups provided the investment limits specified in the FPI Regulations are not breached. Therefore, one FPI can be a part of two investor groups provided that all such investor groups adhere to the investment […]

Delisting of Shares – Exclusion of shares transferred to IEPF for calculating 90% of shares tendered by public shareholders

January 27, 2023 3156 Views 0 comment Print

Chapter IV of the Delisting Regulations, which states that shares transferred to the Investor Education and Protection Fund’s account shall be excluded while calculating 90% of shares tendered by public shareholders for successful completion of delisting offer.

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