Enhanced Disclosures by CRAs and Norms on Rating Withdrawal
August 25, 2022 ToAll Credit Rating Agencies (CRAs) registered with SEBIDear Sir/ Madam, i. SEBI (Credit Rating Agencies) Regulations, 1999 (“CRA Regulations”) provide for a principle-based regulation of CRAs focusing…
Disclosure requirement for Asset Management Companies (AMCs)
August 25, 2022 ToAll Mutual Funds/All Asset Management Companies (AMCs)/All Trustee Companies/ Boards of Trustees of Mutual Funds/Association of Mutual Funds in India (AMFI) Dear Sir/ Madam, SEBI has amended…
Participation as Financial Information Providers in Account Aggregator framework
August 19, 2022 All DepositoriesAll Asset Management Companies Dear Sir/Madam, 1. An Account Aggregator (AA), is a Reserve Bank of India (RBI) regulated NonBanking Finance Company (NBFC) that facilitates retrieval…
Block Mechanism in demat account of clients undertaking sale transactions
August 18, 2022 To,All DepositoriesAll recognized Stock Exchanges and Clearing Corporations Madam / Sir, 1. SEBI, vide circular no. CIR/HO/MIRSD/DOP/P/CIR/2021/595 dated July 16, 2021, introduced block mechanism in the demat…
Withdrawal of exemption from GST on services provided by IRDAI to Insurers
As per the MoF (Dept. of Revenue), GoI Notification No. 04/2022 – Central Tax (Rate), dt. 13th July, 2022 (effective from 18th July, 2022), the central tax (GST) exemption provided…
Applicability of Service Tax / GST on services provided by IRDAI to Insurance intermediaries
11/08/2022 As per the Order passed by the Commissioner (Appeals – I) in appeal no. HYD/SVTAXHYC/APP-025-022-23 (APP1) dated 22/06/2022, it is stated that the services provided by the Authority to…
Framework for automated deactivation of trading and demat accounts in cases of inadequate KYCs
July 29, 2022 ToAll Recognised Stock Exchanges (except Commodity Derivatives Exchanges)All Registered Depositories Dear Sir/Madam, Securities and Exchange Board of India (“SEBI”) has, vide various Circulars issued from time to…
Nomination for Mutual Fund Unit Holders – Extension of timelines
July 29, 2022 ToAll Mutual Funds (MFs)/Asset Management Companies (AMCs)/Trustee Companies/ Board of Trustees of Mutual Funds/Registrar and Transfer Agents (RTAs)/Association of Mutual Funds in India (AMFI) Sir / Madam,…
Operational Circular for listing obligations and disclosure requirements for Non-convertible Securities, Securitized Debt Instruments and/ or Commercial Paper
July 29, 2022 To,Issuers who have listed Non-convertible Securities, Securitized Debt Instrumentsand/ or Commercial Paper;All Recognised Stock Exchanges 1. Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)…
Addendum to SEBI Circular on Development of Passive Funds
July 28, 2022 ToAll Recognized Stock Exchanges/All Clearing Corporations/All Depositories/All Custodians/All Mutual Funds/All Asset Management Companies (AMCs)/All Trustee Companies/ Boards of Trustees of Mutual Funds/All Registrar and Transfer Agents (RTAs)/Stock…