Team Bizsol

Company and SEBI Laws: SEBI has notified SEBI (Investment Advisers) (Second Amendment) Regulations, 2024. New sub-regulations have been inserted to regulation 18 relating to ‘disclosures to clients’. It states that an investment adviser must disclose to the client the extent of use of ‘Artificial Intelligence tools’ in providing investment advice. Also, an investment adviser who …

Company and SEBI Laws: SEBI has notified SEBI (Investment Advisers) (Second Amendment) Regulations, 2024. New sub-regulations have been inserted to regulation 18 relating to ‘disclosures to clients’(17.12.204) Read More »

Company and SEBI Laws SEBI has notified SEBI (Research Analysts) (Third Amendment) Regulations, 2024. A new regulation 26C relating to ‘Client level segregation of research services and distribution activities’ has been inserted. It states that an individual research analyst must not provide distribution services. Further, a non-individual research analyst or research entity must have client-level …

Company and SEBI Laws: SEBI has notified SEBI (Research Analysts) (Third Amendment) Regulations, 2024. A new regulation 26C relating to ‘Client level segregation of research services and distribution activities’ has been inserted (17.12.2024) Read More »

Company and SEBI Laws SEBI has notified amendment in SEBI (Mutual Funds) Regulations, 1996, introducing chapter VI-C i.e., Specialized Investment Fund. The provisions of this Chapter shall apply to a Specialized Investment Fund fulfilling eligibility criteria as prescribed by the board. A Specialized Investment Fund shall not accept from an investor, an investment amount less …

Company and SEBI Laws:SEBI has notified amendment in SEBI (Mutual Funds) Regulations, 1996, introducing chapter VI-C i.e., Specialized Investment Fund (17.12.2024) Read More »

Customs  The CBIC has issued a notification under Section 65 of the Customs Act, 1962, specifying that manufacturing processes and other operations related to goods imported for solar power generation projects supplying electricity shall not be permitted in a warehouse. Further, it is clarified that this restriction applies only when electricity is generated as a …

Customs: The CBIC has issued a notification under Section 65 of the Customs Act, 1962, specifying that manufacturing processes and other operations related to goods imported for solar power generation projects supplying electricity shall not be permitted in a warehouse. (17.12.2024) Read More »

Company and SEBI Laws Earlier, SEBI vide Circular dated 21.03.2024 introduced the beta version of T+0 rolling settlement cycle on optional basis in addition to the existing T+1 settlement cycle in Equity Cash Markets, for a limited set of 25 scrips. Now, to increase the efficiency of optional T+0 settlement cycle, SEBI has decided to …

Company and SEBI Laws: Earlier, SEBI vide Circular dated 21.03.2024 introduced the beta version of T+0 rolling settlement cycle on optional basis in addition to the existing T+1 settlement cycle in Equity Cash Markets(11.12.2024) Read More »

Company and SEBI Laws SEBI has revised guidelines for capacity planning and real-time performance monitoring framework of Market Infrastructure Institutions (MIIs). Under the revised guidelines, MIIs have been directed to develop future-ready frameworks to estimate capacity needs based on trends, historical data, transaction growth, and business changes. Further, all MIIs must ensure adequate system capacity …

Company and SEBI Laws: SEBI has revised guidelines for capacity planning and real-time performance monitoring framework of Market Infrastructure Institutions (MIIs).(11.12.2024) Read More »

Income Tax For the purposes of sec. 280A of Income Tax Act and Sec. 84 of Black Money Act, the Central Government, in consultation with the Chief Justice of the High Court of Madras, designates various courts in the State of Tamil Nadu, as Special Courts in the area of Chennai, Madurai, Coimbatore and Puducherry. …

Income Tax: For the purposes of sec. 280A of Income Tax Act and Sec. 84 of Black Money Act, the Central Government, in consultation with the Chief Justice of the High Court of Madras, designates various courts in the State of Tamil Nadu, as Special Courts in the area of Chennai, Madurai, Coimbatore and Puducherry.(11.12.2024) Read More »

Indian Acts and SEBI Law SEBI has noticed that certain electronic platforms or websites are facilitating transactions in unlisted securities of public limited companies. SEBI cautious investors not to conduct any transactions on such electronic platforms or share any sensitive personal details as these platforms are neither authorized nor recognized by SEBI. SEBI further informed …

Indian Acts and SEBI Law: SEBI has noticed that certain electronic platforms or websites are facilitating transactions in unlisted securities of public limited companies.(10.12.2024) Read More »

Indian Acts and SEBI Law In line with section 9 of the MSME Development Act, 2006, the Central Government has mandated that all companies registered under the Companies Act, 2013, with a turnover of more than Rs. 250 crores and all Central Public Sector Enterprises (CPSEs) be onboarded on the Trade Receivables Discounting System (TReDS) …

Indian Acts and SEBI Law: In line with section 9 of the MSME Development Act, 2006, the Central Government has mandated that all companies registered under the Companies Act, 2013(10.12.2024) Read More »

GST Biometric-Based Aadhaar Authentication and Document Verification implemented in Haryana, Manipur, Meghalaya and Tripura dated 08.12.24 The GSTN has issued advisory to inform that biometric-based aadhaar authentication and document verification for GST registration applicants of Haryana, Manipur, Meghalaya and Tripura has been rolled out on 7th December 2024. The feature of booking an appointment to …

GST: Biometric-Based Aadhaar Authentication and Document Verification implemented in Haryana, Manipur, Meghalaya and Tripura dated 08.12.24(10.12.2024) Read More »

GST GSTN issued new advisory on difference in value of Table 8A and 8C of Annual Returns FY 23-24 dated 09.12.24 The GSTN has noted that several concerns have been raised regarding possible mismatch between the values of table 8A and 8C of Form GSTR-9 for FY 23-24. Now, the GSTN has issued an advisory …

GST: GSTN issued new advisory on difference in value of Table 8A and 8C of Annual Returns FY 23-24 dated 09.12.24(10.12.2024) Read More »

FEMA and Banking On the basis of an assessment of the current and evolving macroeconomic situation, the RBI’s Monetary Policy Committee (MPC), in its meeting, has decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 %. Further, the standing deposit facility (SDF) rate also remains unchanged at 6.25 …

FEMA and Banking: On the basis of an assessment of the current and evolving macroeconomic situation, the RBI’s Monetary Policy Committee (MPC), in its meeting, has decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 %. Further, the standing deposit facility (SDF) rate also remains unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent.(07.12.2024) Read More »

FEMA and Banking RBI has raised the interest rate ceilings on Foreign Currency (Non-resident) Accounts (Banks) [FCNR(B)] deposits for banks, effective from December 06, 2024, until March 31, 2025. For deposits with a maturity of 1 year to less than 3 years, the ceiling is the Overnight Alternative Reference Rate (ARR) of the respective currency …

FEMA and Banking: RBI has raised the interest rate ceilings on Foreign Currency (Non-resident) Accounts (Banks) [FCNR(B)] deposits for banks, effective from December 06, 2024, until March 31, 2025.(07.12.2024) Read More »