Adjustment in derivative contracts for dividend announcements
June 28, 2022 ToAll Recognized Stock Exchanges and Clearing CorporationsDear Sir/ Madam, SEBI, vide Circulars SMDRP/DC/CIR-8/01 dated June 21, 2001, SMDRP/DC/CIR-15/02 dated December 18, 2002 and CIR/MRD/DoP-1/P/00108/2018 dated July 05,…
Order under section 119 of the Income-tax Act, 1961 (the Act) in relation to tax deduction at source under section 194S of the Act for transactions other than those taking place on or through an Exchange
New Delhi, dated 28th June, 2022 Finance Act, 2022 inserted a new section 194S in the Act with effect from 1st July 2022. The new section mandates a person, who…
Reduction of timelines for listing of units of privately placed Infrastructure Investment Trust (InvIT)
June 24, 2022 To,Infrastructure Investment TrustsRecognised Stock ExchangesRegistered DepositoriesRegistered Depository Participants,Registrars to an Issue and Share Transfer Agents Madam / Sir, 1. Regulation 16(8) (a) of SEBI (Infrastructure Investment Trusts)…
Introduction of Unified Payments Interface (UPI) mechanism for Real Estate Investment Trusts
June 24, 2022 ToReal Estate Investment TrustsRecognised Stock ExchangesRegistered DepositoriesNational Payments Corporation of IndiaRegistered Depository Participants, Stock brokers, Merchant Bankers,Registrars to an Issue and Share Transfer Agents, Bankers to issues,Sponsor…
Draft Master Direction on Outsourcing of IT Services
June 23, 2022 The Chairman/Managing Director/Chief Executive OfficerScheduled Commercial Banks (excluding Regional Rural Banks);Local Area Banks;Small Finance Banks;Payments Banks;Primary (Urban) Co-operative Banks having asset size of ₹1000 crore and above;Non-Banking…
Restriction on Storage of Actual Card Data [i.e. Card-on-File (CoF)]
June 24, 2022 All Payment System Providers and Payment System ParticipantsMadam / Dear Sir, Reference is invited to Reserve Bank of India (RBI) circulars DPSS.CO.PD.No.1810/02.14.008/ 2019-20 dated March 17, 2020…
Master Circular – Housing Finance for UCBs
June 23, 2022 All Primary (Urban) Co-operative Banks Madam/Dear Sir, Please refer to our Master Circular DCBR.BPD.(PCB) MC No.9/09.22.010/2015-16 dated July 1, 2015 on the captioned subject (available at RBI…
Guidelines for removal of difficulties under sub-section (6) of section 194S of the Income-tax Act, 1961
New Delhi, dated 22nd June, 2022 Finance Act 2022 inserted a new section 194S in the Income-tax Act, 1961 (hereinafter referred to as “the Act”) with effect from 1st July…
Extension of timeline for implementation of certain provisions of Master Direction – Credit Card and Debit Card – Issuance and Conduct Directions, 2022
June 21, 2022 All Scheduled Banks (excluding Payments Banks/State Co-operative Banks and District Central Cooperative Banks)All Non-Banking Financial Companies (NBFCs) Please refer to paragraph 1 (b) of the Master Direction…
Modification in the Operational Guidelines for Foreign Portfolio Investors, Designated Depository Participants and Eligible Foreign Investors – Bank account details to which the payment is to be done electronically
June 21, 2022 To, All Foreign Portfolio Investors (“FPIs”) through their Designated DepositoryParticipants (“DDPs”) Designated Depository Participants (“DDPs”)/Custodians 1. ‘Annexure D’ of the ‘Operational Guidelines for Foreign Portfolio Investors, Designated…