Market Infrastructure Institutions (Stock Exchanges, Clearing Corporations and Depositories) are key pillars of a vibrant and resilient securities market and any instance of governance lapse in these institutions may lead to weakening of stakeholder trust in the market. Accordingly, a comprehensive review was undertaken to strengthen the focus and of the governance of MIIs.
RESERVE BANK OF INDIA Governor’s Statement: December 7, 2022 As we come to the end of yet another turbulent year, the global economy is still marred by profound shocks and unprecedented uncertainty. Mixed signals are emanating from the geopolitical situation and financial market volatility. In the beginning of this year (2022), just as the COVID-19 […]
Taxpayers of Daman and Diu & Ladakh are hereby informed that they can file or revise their TRAN-1 or TRAN-2 Forms only through their newly allotted GSTINs. Kindly do not use the old GSTIN for filing of TRAN forms.
it is mandatory for the taxpayers to report minimum 4 digit or 6 digit of HSN Code in table-12 of GSTR-I on the basis of their Aggregate Annual Turnover (AATO) in the preceding Financial Year.
Sequential filing of GSTR-1 & filing of GSTR-1 before GSTR-3B on GST Portal 1. The Central Government has amended Section 37 & Section 39 of Central Goods & Service Tax Act (CGST), 2017 vide Notification No. 18/2022–Central Tax dated 28th September, 2022 with effect from 01 October, 2022. According to section 37(4) of CGST, Act, […]
SEBI has allowed stock brokers registered under the debt segment of the Stock Exchange(s) to place/seek bids on the Request for Quote (RFQ) platform on behalf of client(s), in addition to the existing option of placing bids in a proprietary capacity.
In order to facilitate testing of innovative products/services falling within the regulatory ambit of more than one financial sector regulators viz. RBI, SEBI, IRDAI, IFSCA and PFRDA, a Standard Operating Procedure (SOP) for IoRS has been prepared by the Inter-Regulatory Technical Group on FinTech (IRTG on FinTech). The Securities and Exchange Board of India today placed on its website the SOP for IoRS.
Concept Note on Central Bank Digital Currency (CBDC) for India create awareness about CBDCs in general and the planned features of the Digital Rupee (e₹), in particular. It explains the objectives, choices, benefits, and risks of issuing a CBDC in India. The Note also seeks to explain Reserve Bank’s approach towards introduction of the CBDC.
New Functionalities made available for Taxpayers on GST Portal (September, 2022) 1. Registration 1. Functionality to add new fields while submitting response to a notice, in Form GST REG 04 -While filing clarification in Form REG-04, whenever the applicant clicks on any tab in Registration module, he/she would be displayed a pop-up window with following two […]
SEBI, cautions investors not to fall prey to such unauthorised money collection. While investing in securities market, investors are advised to deal only with SEBI registered intermediaries.
