SEBI Circular on Total Expense Ratio for Mutual Funds

CIRCULAR SEBI/HO/IMD/DF2/CIR/P/2018/91 June 05, 2018 All Mutual Funds/Asset Management Companies (AMCs)/ Trustee Companies/Boards of Trustees of Mutual Funds Sir/ Madam, Subject: Total Expense Ratio for Mutual Funds A. A copy of the Gazette Notification No.SEBI/LAD-NRO/GN/2018/14 dated May 30, 2018 on Amendments to SEBI (Mutual Funds) Regulations, 1996 is enclosed for implementation. B. Charging of additional… Read More

Task Force on Shell Companies takes pro-active and coordinated steps to check the menace of shell companies

The Task Force on Shell Companies has met 8 times since its constitution and has taken pro-active and coordinated steps to check the menace of shell companies. The ‘Task Force’ was set up in February, 2017 by the Prime Minister’s Office under the joint Chairmanship of the Revenue Secretary and Secretary, MCA with a mandate to… Read More

RBI releases Second Bi-monthly Monetary Policy Statement, 2018-19

On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to: increase the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.25 per cent. Consequently, the reverse repo rate under the LAF stands adjusted to 6.0… Read More

RBI releases Statement on Developmental and Regulatory Policies on 6th June 2018

This Statement sets out various developmental and regulatory policy measures for strengthening regulation and supervision; broadening and deepening financial markets; improving currency and debt management; fostering innovation in payment and settlement system; and, facilitating data management. I. Regulation and Supervision 1. Increase in Liquidity Coverage Ratio (LCR) carve-out from Statutory Liquidity Ratio (SLR) As per… Read More

Govt. amends Prevention of Money-laundering (Maintenance of Records) Rules, 2005

CIRCULAR SEBI/HO/MIRSD/DOSR1/CIR/P/2018/93 June 6, 2018 1. All Recognized Stock Exchanges 2. Stock Brokers through Recognized Stock Exchanges 3. All Recognized Depositories 4. Depository Participants through Depositories 5. Association of Mutual Funds in India 6. Mutual funds through AMFI 7. Portfolio Managers 8. KYC Registration Agencies (KRAs) 9. Alternative Investment Funds (AIFs) 10. Collective Investment Schemes… Read More

SEBI amends Credit Rating Agencies Regulations, 1999

CIRCULAR SEBI/ HO/ MIRSD/ DOP2/CIR/P/2018/ 95 June 06, 2018 All Credit Rating Agencies Registered with SEBI Dear Sir/ Madam, Sub: Amendment to Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 1. Please find enclosed Gazette Notification No. SEBI/LAD-NRO/GN/2018-15 dated May 30, 2018 in respect of Securities and Exchange Board of India (Credit… Read More

Income Tax Department issues Revised Income Tax Informants Reward Scheme, 2018

With the objective of obtaining people’s participation in the Income Tax Department’s efforts to unearth black money and reduce tax evasion, a new reward scheme titled “Income Tax Informants Reward Scheme, 2018” has been issued by the Income Tax Department, superseding the earlier reward scheme issued in 2007.             Under the revised scheme, a person… Read More

CBIC rolls out e-Way Bill system in Chhattisgarh, Goa, J&K, Mizoram, Odisha, Punjab, Tamil Nadu and West Bengal

Government of India Ministry of Finance 31 MAY 2018 As per the decision of the GST Council, e-Way Bill system for inter-State movement of goods has been rolled out from 01st April, 2018. As on 30th May, 2018, e-Way Bill system for intra-State movement of goods has been rolled out in the States of Andhra Pradesh, Arunachal… Read More

Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018

President approves Insolvency & Bankruptcy Code (Amendment) Ordinance, 2018  Dear Professional Colleague: The President gave assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 on 6th June,2018. The complete ordinance can be accessed at the link below: IBC Ordinance - June 6, 2018 The Key highlights of the Ordinance are as follows: 1.… Read More

Tags: IBCInsolvency and Bankruptcy Code

President Approves Promulgation of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018

The President gave assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 on 6th June,2018. The Ordinance provides significant relief to home buyers by recognizing their status as financial creditors.  This would give them due representation in the Committee of Creditors and make them an integral part of the decision making process.  It will also… Read More

Tags: IBCInsolvency and Bankruptcy Code

SEBI issues Master Circular for Stock Broker

MASTER CIRCULAR SEBI/HO/MIRSD/DOP1/CIR/P/2018/87 June 01, 2018 To, All Stock Exchanges All Registered Stock Brokers Dear Sir / Madam, Subject: Master Circular for Stock Brokers 1. Securities and Exchange Board of India (SEBI), from time to time, has been issuing various circulars/directions to Stock Brokers. In order to enable the users to have access to the… Read More

Task Force engages stakeholder for drafting the new Direct Tax Law

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 28th May, 2018 PRESS RELEASE Stakeholder engagement by the Task Force drafting the new Direct Tax Law Consequent to constitution of the Task Force to review the existing Income tax Act, 1961 and to draft a new direct tax… Read More

SEBI releases circular on System-driven Disclosures in Securities Market

CIRCULAR SEBI/HO/CFD/DCR1/CIR/P/2018/85 May 28, 2018 To All Listed Entities All Depositories All Nationwide Stock Exchanges Dear Sir/Madam, System-driven Disclosures in Securities Market 1. SEBI, vide circular dated December 01, 2015, had introduced system-driven disclosures in securities market detailing the procedure to be adopted for its implementation with effect from January 01, 2016. The procedure was… Read More

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