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Guidelines

Advisory for IGCR Admin officers to access IGCR Module at ICEGATE

March 1, 2022 3591 Views 1 comment Print

Advisory for IGCR Admin officers to access IGCR (Import of Goods at Concessional Rate of duty) module at ICEGATE- IGCR module is developed by ICEGATE CBIC to provide a digital service to importers to avail benefits under the IGCR Rules (Import of Goods at Concessional Rate of Duty)

Advisory for Importers to avail benefit of IGCR Rules

March 1, 2022 7323 Views 0 comment Print

Advisory for Importers to avail benefit of IGCR Rules (Import of Goods at Concessional Rate of duty) – IGCR module is developed by ICEGATE, CBIC to provide a digital service to importers to avail benefits under the IGCR Rules (Import of Goods at Concessional Rate of Duty).

Referral activity without personal financial liability allowed under Rule 8(3)(f) of SCRR, 1957

February 14, 2022 2958 Views 0 comment Print

In absence of any personal financial liability, the said referral activity would not attract the prohibition prescribed under Rule 8(3)(f) of the SCRR, 1957 and there is no bar for HSL, acting as a broker/distributor, to tie up with third party RIAs to offer advice to its distribution clients.

IA cannot receive fees for implementation services for products, where direct schemes/ products not available

February 12, 2022 582 Views 0 comment Print

As per Regulation 22A (2) of the IA Regulations, an IA can only provide implementation services in direct schemes/ products in the securities market. Further, in terms of the proviso to Regulation 22A (1) of the IA Regulations, an IA shall ensure that no consideration including any commission or referral fees, whether embedded or indirect […]

Clarification on FAQ issued by U.S. IRS in respect of FATCA

January 31, 2022 891 Views 0 comment Print

Clarifications have been requested by certain Reporting Financial Institutions (RFIs) in India in respect of the applicability of FAQ 6 (reporting) and FAQ 3 (reporting) issued by U.S. IRS in respect of U.S. reportable accounts under the FATCA Intergovernmental Agreement between the United States of America and other Model 1 jurisdictions.

MHA suggestions for Treatment & Care of Transgender Persons in Prisons

January 10, 2022 522 Views 0 comment Print

No. 17013/26/2021-PR Government of India Ministry of Home Affairs *** Women Safety Division, Hall No. 2, Major Dhyan Chand National Stadium, India Gate, New Delhi — 110001 January 10, 2022 To 1. The Chief Secretaries/Administrators of all States and UTs 2. Director General/IG (Prisons) of all States and UTs Sub: Treatment and Care of Transgender […]

SEBI clarifies on Trading limitation for research analyst & HOD of research entity

January 5, 2022 9420 Views 0 comment Print

Persons employed or identified by the research entity as research analyst including its head of research are required to be in compliance of the limitation on trading as stipulated under the RA Regulations.

SEBI explains what constitutes a deemed public issue

December 29, 2021 7758 Views 0 comment Print

i. As per Section 42(2) of the Companies Act, 2013 read with Rule 14 of the Companies (Prospectus and Allotment of securities) Rules, 2014 (corresponding provision —Section 67 of the Companies Act, 1956), any offer by a company, listed or unlisted, to allot or invitation to subscribe, or allotment of securities to more than 200 […]

SOP for Physical/ Virtual/ Hybrid hearing of cases before NCLT

December 18, 2021 1176 Views 0 comment Print

NCLT is pleased to issue the present Standard Operating Procedure (SOP) for physical hearing, as well as the continuation of Virtual. The following SOP is made applicable to all NCLT Benches.

SEBI reply on query related to Ratification of existing & Prospective material related party transactions

December 16, 2021 1659 Views 0 comment Print

All material related party transactions shall require approval of the shareholders through resolution and no related party shall vote to approve such resolutions whether the entity is a related party to the particular transaction or not

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