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IBBI amends 3 Insolvency Regulations

October 11, 2018 873 Views 0 comment Print

IBBI amends (a) the Insolvency and Bankruptcy Board of India (Insolvency Professional Agencies) Regulations, 2016, (b) the Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016, and (c) the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017

Salient amendments in IBBI (Insolvency Professionals) Regulations, 2016

October 11, 2018 585 Views 0 comment Print

a. An insolvency professional shall pay to the Board, a fee calculated at the rate of 0.25 percent of the professional fee earned for the services rendered by him as an insolvency professional in the preceding financial year, on or before the 30thof April every year;

RBI keeps repo rate unchanged at 6.5% in it’s monetary policy review

October 5, 2018 663 Views 0 comment Print

1. Press Statement on Fourth Bi-monthly Monetary Policy Statement, 2018-19 Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India The Monetary Policy Committee (MPC) in its fourth bi-monthly statement, issued on 05.10.2018, on the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, decided to keep the […]

RBI releases Discussion Paper on ‘Voluntary Retention Route’ (VRR) for investment by FPIs

October 5, 2018 801 Views 0 comment Print

Reserve Bank of India today released a discussion paper on ‘Voluntary Retention Route’ (VRR) for investment by FPIs. Comments on the discussion paper are invited from market participants and other interested parties by October 19, 2018. Feedback on the discussion paper may be forwarded to: The Chief General Manager, Reserve Bank of India Financial Markets Regulation Department […]

RBI releases Draft Directions on Prohibition of Market Abuse

September 28, 2018 651 Views 0 comment Print

Date : Sep 28, 2018 The Reserve Bank of India today released draft directions on Prohibition of Market Abuse. Comments on the draft directions are invited from market participants and other interested parties by October 31, 2018 Feedback on the draft directions may be forwarded to: The Chief General Manager, Reserve Bank of India Financial Markets Regulation […]

Recovery of Rs. 1.12 Lakh crore wrongly availed as credit in GSTR-3B

September 12, 2018 3429 Views 0 comment Print

Government of India Office of the Commissioner CGST and Central Excise Commissionerate, Belapur 1st Floor, C.G.O. Complex, CBD Belapur, Navi Mumbai-400614 Tel No.. 022-27579604 Fax 022-27579658 Email- gst.belapur@gov.in F-No.V/AE/Bel/12-49/Gr-C/GSTR3B Vs 2A/2018 Dated 12.09.1018 PRESS RELEASE Recovery of Rs. 1.12 Lakh crore wrongly availed as credit in GSTR-3B by M/s PRO-TECH Engineers & Fabricators Pvt. Ltd, […]

Draft PAN Rules: Compulsory for Transaction above 2.50 Lakh; Father name not must in case Mother is single parent

August 31, 2018 17187 Views 3 comments Print

CBDT proposed to amend Income Tax Rule 114 related to PAN and proposed to make PAN compulsory for transactions of Rs. 250000 or more and also proposed to amend  Form number 49A and Form number 49AA to provide that in case of Kids of Single Mother father’s name shall not be mandatory in PAN application […]

Amendment to SEBI Circular on KYC Requirements for FPIs

August 21, 2018 1005 Views 0 comment Print

The existing FPI structures not in conformity with the requirement specified at para 2(c) of the aforesaid circular were required to change their structure or close their existing position in Indian securities market within six months from the date of the circular.

SMS PACL Investors Seeking Their Original Certificates / Receipts

August 10, 2018 2694 Views 2 comments Print

SMSes have been sent to investors asking them to send their original PACL certificates/receipts to the Committee at the address: SEBI Committee in the matter of PACL, Regus Grandeur Offices Pvt. Ltd., 8th Floor Samson Towers, Pantheon Road, Block No.31, Egmore, Chennai-600008.

Transfer of Share in Physical Form only after Demat, post 05.12.2018

August 10, 2018 2523 Views 0 comment Print

SEBI amended Regulation 40 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 wherein it was intimated that transfer of securities shall not be processed unless the securities are held in the dematerialized form with a depository with effect from December 5, 2018.

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