Income Tax refunds of Rs 1.62 trillion issued so far this fiscal
The Central Board of Direct Taxes (CBDT) has issued Rs 1.62 lakh crore income tax refunds to over 1.79 crore taxpayers till January 24, 2022 of the current financial year,…
RBI asks people to follow safe digital banking practices amid rising cyber frauds
SynopsisObserving that unscrupulous elements are defrauding people by using innovative modus operandi, including social media techniques and mobile phone calls, the RBI urged the members of public to take all…
Sebi introduces framework for Special situation funds
Capital markets regulator Securities and Exchange Board of India (Sebi) has introduced a framework for Special Situation Funds (SSFs) that will invest only in stressed assets under Category I Alternative…
What start-ups need to know about grants
Securing the right grant that sparks innovation in venture building can help start-ups make the leap forward A phrase used the most to motivate entrepreneurs, generally attributed to Peter Drucker,…
Judgement on ambiguity to distribute cash profit to the stakeholders
Subject Insolvency and Bankruptcy Code, 2016 Case Sri Supriyo Kumar Chaudhuri (Liquidator of JVL Agro Indstries Ltd) vs. State Bank of India, SARG & Others Corporate Debtor JVL Agro Indstries…
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da’esh) & Al-Qaida Sanctions List: Deletion of 1 entry
January 27, 2022 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016…
Introduction of Special Situation Funds as a sub-category under Category I AIFs
January 27, 2022 To,All Alternative Investment Funds (AIFs) Sir/Madam, 1. SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”), have been amended and notified on January 24, 2022, to introduce Special…
Issuance of Securities in dematerialized form in case of Investor Service Requests
January 25, 2022 ToAll registered Registrars to an Issue and Share Transfer Agents (RTAs)All Recognized Stock ExchangesAll Listed Companies through Recognized Stock ExchangesAll Recognized DepositoriesAll Depository Participants (DPs) through Depositories…
Communique Newsletter – Volume 2
25.1.2022 Volume – 2 Newsletter : https://drive.google.com/file/d/1V_GNN6c5SkTAV9iJnLtkAE5QRhJXi8wU/view?usp=sharing
Sebi gives itself powers to grant exemptions to FPIs
Synopsis The Securities and Exchange Board of India (Sebi) can now use special powers to relax compliance requirements for foreign funds. The capital markets regulator’s board has been empowered to…