The circular allows PoPs to engage new categories like professionals, fintechs, and rural agents as Pension Agents. The key takeaway is expanded outreach with strict compliance responsibility on PoPs.
The issue involved holding two DINs in violation of law. The authority imposed penalty considering the extended duration of default despite eventual rectification.
The case involved holding two DINs for 1462 days in violation of statutory provisions. The authority imposed a reduced penalty considering mitigating circumstances.
The director voluntarily disclosed the violation and surrendered the duplicate DIN. The authority reduced the penalty to 25% of the maximum due to non-repetitive default. This highlights the benefit of proactive compliance.
Even though the duplicate DIN was surrendered, the violation period attracted penalty. The ruling clarifies that rectification does not eliminate liability for past default. Timely compliance is essential.
The case involved obtaining a duplicate DIN in violation of law. The authority granted relief by imposing only 25% of the maximum penalty due to absence of malafide intent.
The case involved obtaining a duplicate DIN in violation of statutory provisions. The authority imposed a reduced penalty considering the unintentional nature of the default.
The case involved delayed approval for appointing a non-resident whole-time director. Authorities held that the 90-day period must be calculated from the date of appointment, leading to penalties for non-compliance.
SEBI examined whether WhatsApp chats can serve as proof of client instructions. It held they are valid if properly recorded, retrievable, and legally verifiable.
The issue concerns changes in SION norms for a specific export product. The DGFT revised product description and input quantities to improve accuracy and compliance.
