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Month: June 2022

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Rationalization of regulatory returns and other compliance requirements

Date : 10/06/2022 To,All Life Insurers With an objective to enhance ease of doing business and reduce compliance burden, it is decided to rationalize the regulatory returns and other compliance…

Compliance Check Functionality for Section 206AB & 206CCA of Income-tax Act 1961

New Delhi, 09th June, 2022 Section 206AB and 206CCA of the Income-tax Ad,1961 (effective from 1st July 2021 and amended via Finance Act, 2022), imposed higher TDS/TCS rate on the…

Caution to Investors against dealing with unregulated platforms offering Algorithmic Trading

It has come to the notice of Securities and Exchange Board of India (SEBI) that many unregulated platforms are offering investors Algorithmic Trading services/facilities to automate their trades. Strategies are…

Solvency Margin for Crop Insurance Business

Date: 13 June, 2022 To all Non-Life Insurance Companies and Registered Indian Reinsurers, Foreign Reinsurance Branch offices including Lloyds India Branch. 1. This circular is issued in accordance with the…

Modification in Cyber Security and Cyber Resilience Framework of Mutual Funds/ Asset Management Companies (AMCs)

June 9, 2022 To,All Mutual Funds/All Asset Management Companies (AMCs)/All Trustee Companies/ Boards of Trustees of Mutual Funds/Association of Mutual Funds in India (AMFI) 1. SEBI vide Circular No.SEBI/HO/IMD/DF2/CIR/P/2019/12 dated…

Modification in Cyber Security and Cyber resilience framework for Stock Brokers / Depository Participants

June 07, 2022 SEBI vide circular SEBI/HO/MIRSD/CIR/PB/2018/147 dated December 03, 2018 prescribed framework for Cyber Security and Cyber Resilience for Stock Brokers / Depository Participants. In partial modification to Annexure…

Liquidity Adjustment Facility – Change in rates

June 08, 2022 All Liquidity Adjustment Facility (LAF) participantsMadam/Sir, As announced in the Monetary Policy Statement, 2022-23, today, it has been decided by the Monetary Policy Committee (MPC) to increase…

Branches of Indian Banks operating in GIFT-IFSC – acting as Professional Clearing Member (PCM) of India International Bullion Exchange IFSC Limited (IIBX)

June 07, 2022 All Scheduled Commercial BanksMadam/Dear Sir On a review, it has been decided to allow the branches of Indian banks operating in GIFT-IFSC to act as PCM of…

Seeks to provide waiver of interest for specified electronic commerce operators for specified tax periods

New Delhi, the 07th June, 2022 G.S.R…….(E).- In exercise of the powers conferred by sub-section (1) of section 50 read with section 148 of the Central Goods and Services Tax…

RVKS and Associates Newsletter – Volume 1.19

7.6.2022 Newsletter : https://drive.google.com/file/d/1IUF1KeTC7fS5M8x25gjXYGP8WEsUmL1G/view?usp=sharing