Maintenance of Current Accounts in multiple banks by Insurers
1.Insurers maintain separate current accounts with banks at different operational levels, i.e., Branch offices, Controlling offices, Corporate office, etc., for the purpose of premium collection, management expenses, policy payments, investment…
Minimum percentage of trades carried out by mutual funds through RFQ platform
October 6, 2021 All Mutual Funds/ Asset Management Companies (AMCs)/ Trustee Companies/Boards of Trustees of Mutual Funds/ Association of Mutual Funds in India (AMFI) Sir/ Madam, 1. SEBI, vide circular…
Clarification regarding GST rates & classification (goods) based on the recommendations of the GST Council in its 45th meeting held on 17th September, 2021 at Lucknow.
Date: 6th October, 2021 To, Principal Chief Commissioners/ Principal Director Generals, Chief Commissioners/ Director Generals, Principal Commissioners/ Commissioners of Central Excise & Central Tax(All), Madam/ Sir, Based on the recommendations…
Clarifications regarding applicable GST rates & exemptions on certain services.
Dated the 6th October, 2021 To, The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioner of Central Tax (All), The Principal Director Generals/ Director Generals (All) Madam/Sir, Representations have been…
Modus operandi of fradulent transactions – Frauds using Online Selling platforms
Modus Operandi Fraudsters pretend to be buyers on online selling platform & show interest in your product. Instead of paying money to you, they use “request money” option through UPI…
Amendments to manner and mechanism of providing exit option to dissenting unit holders pursuant to Regulation 22(5C) and Regulation 22(7) of SEBI (Infrastructure Investment Trusts) Regulations, 2014 (“SEBI (InvIT) Regulations”)
October 05, 2021 To All Infrastructure Investment Trusts (“InvITs”) All Parties to InvITs All Recognised Stock Exchanges All Merchant Bankers Madam/Sir 1.SEBI issued circular SEBI/HO/DDHS/DDHS/CIR/P/2020/122 dated July 17, 2020 providing…
Amendments to manner and mechanism of providing exit option to dissenting unit holders pursuant to Regulation 22(6A) and Regulation 22(8) of SEBI (Real Estate Investment Trusts) Regulations, 2014 (“SEBI (REIT) Regulations”)
October 05, 2021 To All Real Estate Investment Trusts (“REITs”) All Parties to REITs All Recognised Stock Exchanges All Merchant Bankers Madam/Sir 1.SEBI issued circular SEBI/HO/DDHS/DDHS/CIR/P/2020/123dated July 17, 2020 providing…
Revised Formats for filing Financial information
October 5, 2021 To, Listed entities (whose non-convertible securities are listed) Recognized Stock Exchanges Madam/ Sir, 1. Vide notification dated September 07, 2021, Regulation 52 of the SEBI (Listing Obligations…
Value Free Transfer (VFT) of Government Securities – Guidelines
October 5, 2021 All SGL/CSGL Account holders Madam/Sir, A reference is invited to Notification No.78 dated November 16, 2018 on Value Free Transfer (VFT) of Government Securities – Guidelines under…
Revised Subsidiary General Ledger (SGL) Account Guidelines and Constituents’ Subsidiary General Ledger (CSGL) Account Guidelines
October 5, 2021 All SGL/CSGL Holders Madam/Sir, In exercise of powers conferred by Section 4 of Government Securities Act 2006, Reserve Bank of India has issued and gazetted revised Eligibility…