Month: March 2023

Nomination for Mutual Fund Unit Holders – Extension of timelines

Securities and Exchange Board of India  Circular No. SEBI/HO/IMD/IMD-I POD1/P/CIR/2023/47  Dated: March 28, 2023  To  All Mutual Funds  All Asset Management Companies (‘AMCs’)  All Trustee Companies/ Boards of Trustees of Mutual Funds  All Registrar to an Issue and Share Transfer Agents (‘RTAs’)  Association of Mutual Funds in India (‘AMFI’)  …

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Credit Suisse still helping wealthy dodge U.S. taxes, Senate Committee finds, CFO News, ETCFO

Credit Suisse is still helping ultra-wealthy Americans evade taxes, the U.S. Senate Finance Committee said on Wednesday following an investigation into the Swiss bank. In an emailed statement, Credit Suisse said it did not tolerate tax evasion and that it had been cooperating with U.S. authorities. “Credit Suisse’s new leadership team has cooperated with the …

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Amendment to Securities Lending Scheme, 1997 

Securities and Exchange Board of India   Circular No. SEBI/HO/MRD/MRD-POD-2/P/CIR/2023/41  Dated: March 27, 2023  To  All Recognized Stock Exchanges, Depositories and Clearing Corporations  Dear Sir/ Madam,  Sub: Amendment to Securities Lending Scheme, 1997  1. SEBI, vide Circular No. SMD/POLICY/SL/CIR-09/97 dated May 07, 1997 introduced the …

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Common and simplified norms for processing investor’s service requests by RTAs

Securities and Exchange Board of India Circular No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/3 Dated: March 16, 2023 To All registered Registrars to an Issue and Share Transfer Agents (RTAs) All Listed Companies through Recognized Stock Exchanges Recognized Stock Exchanges All Recognized Depositories Depository Participants through Depositories Sir / Madam, Common and simplified norms for processing investor’s service requests by …

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SEBI (Foreign Portfolio Investors) (Amendment) Regulations, 2023

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 14th March, 2023 SECURITIES AND EXCHANGE BOARD OF INDIA (FOREIGN PORTFOLIO INVESTORS) (AMENDMENT) REGULATIONS, 2023 No. SEBI/LAD-NRO/GN/2023/128. – In exercise of the powers conferred by sub-section (1) of Section 30 read with sub-section (1) of Section 11, clause (ba) of sub-section (2) of section 11 and sub-sections …

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Govt caps maximum GST cess rate on pan masala, tobacco; links rate to retail sale price, CFO News, ETCFO

The government has capped the maximum rate of GST compensation cess that would be levied on pan masala, cigarettes and other forms of tobacco and linked the highest rate to their retail sale price. The capping of the cess rate was brought in as part of the amendments to the Finance Bill, 2023, which was …

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Reporting and Accounting of Central Government transactions for March 2023

RBI/2022-23/184 DGBA.GBD.No.S1469/42-01-029/2022-2023 March 16, 2023 All Agency Banks Madam/Dear Sir, Reporting and Accounting of Central Government transactions for March 2023 Please refer to Circular DGBA.GBD.No.S1422/42-01-029/2021-2022 dated February 24, 2022 advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, …

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