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Notifications/Circulars

CBDT notifies Seventy Second Investment Company LLC U/s. 10(23FE)

June 27, 2022 1158 Views 0 comment Print

Notification of Seventy Second Investment Company LLC as a sovereign wealth fund under section 10(23FE) of the Income tax Act, 1961 vide Notification No. 69/2022-Income Tax, Dated: 27.06.2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi, the 27th June, 2022 Notification No. 69/2022-Income Tax S.O. 2910(E).—In exercise of powers conferred […]

DGFT clarifies on Chip Import Monitoring System (CHIMS)

June 27, 2022 6930 Views 2 comments Print

A. Whether multiple consignments against a CHIMS registration can be imported within the validity period of CHIMS Registration? Response: Importer may include multiple products in one registration number. However, for each shipment a separate registration number is required.

IRS officer Nitin Gupta appointed as New CBDT Chairman

June 25, 2022 2313 Views 0 comment Print

The Appointments Committee of the Cabinet has approved the appointment of Shri Nitin Gupta, IRS (IT:86), Member, Central Board of Direct Taxes (CBDT) as Chairman, Central Board of Direct Taxes (CBDT) from the date of charge of the post.

DGFT notifies 1 new agency (PSIA) alongwith approved equipments

June 24, 2022 3273 Views 0 comment Print

01 Agency is notified as PSIAs alongwith their approved equipments. Additional areas of operation in respect of 02 existing PSIAs and additional instruments in respect of 03 existing PSIAs have also been notified. Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi Public Notice No. 16/2015-2020 Dated the 24th […]

SEBI extends timeline for Validation of KYC records by Registered Intermediaries

June 24, 2022 1431 Views 0 comment Print

2.1. KYC records of all existing clients (who have used Aadhaar as an OVD) shall be validated within a period of 180 days from August 01, 2022. 2.2. The validation of all KYC records (new and existing) shall commence from August 01, 2022.

Guidelines for Large Value Fund for Accredited Investors & Requirement of Compliance Officer for Managers of all AIFs

June 24, 2022 1551 Views 0 comment Print

Securities and Exchange Board of India Circular No. SEBI/HO/AFD/RAC/CIR/2022/088 | Dated: June 24, 2022 To, All Alternative Investment Funds (AIFs) Sir/ Madam, Sub: Guidelines for Large Value Fund for Accredited Investors under SEBI (Alternative Investment Funds) Regulations, 2012 and Requirement of Compliance Officer for Managers of all AIFs A. Guidelines for Large Value Fund for Accredited Investors […]

Reduction of timelines for listing of units of privately placed InvIT

June 24, 2022 783 Views 0 comment Print

SEBI decided to reduce the time taken for allotment and listing of units of privately placed Infrastructure Investment Trust (InvIT)

Introduction of UPI mechanism for Real Estate Investment Trusts

June 24, 2022 360 Views 0 comment Print

After consultation with stakeholders, it has been decided to provide an additional option to individual investors to apply in public issues of units of REITs with a facility to block funds through Unified Payments Interface (UPI) mechanism for application value upto Rs. 5 Lac.

Introduction of UPI mechanism for Infrastructure Investment Trusts

June 24, 2022 783 Views 0 comment Print

After consultation with stakeholders, it has been decided to provide an additional option to individual investors to apply in public issues of units of InvITs with a facility to block funds through Unified Payments Interface (UPI) mechanism for application value upto Rs. 5 Lac.

Format, Procedure & Guidelines to submit Form No. 1, 2 & 2A for STT

June 24, 2022 7287 Views 0 comment Print

Form No. 1, Form No. 2 and Form No. 2A is required to be signed, verified and furnished by the class of person responsible as defined in the Securities Transaction Rules 2004

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