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SEBI’s Compliance Framework for Investment Advisers

Taxscan Team

In 2013, SEBI issued Investment Advisers Regulations (IA Regulations) and prescribed a framework for the registration, compliance, disclosures, SEBI’s...

Banks and NBFCs should carry out Money Laundering Risk Assessment Periodically: RBI

SEBI relaxes Time Period for Activities carried out by Depository participants, RTAs / issuers,...

COVID-19: SEBI Temporarily eases the processing of Documents for FPIs till June 30, 2020

RBI issues guidelines on regulation of Payment Aggregators and Gateways [Read Circular]

GST Evasion: Racket busted of Large number of Non-Operational Partnership Firms falsely claiming refunds against accumulated ITC

A large number of proprietorship/partnership firms registered with Gautam Buddha Nagar and other Commissionerates of Delhi NCR which were apparently connected and had claimed a huge amount of refunds...

RBI issues Revised Guidelines for Merchanting Trade Transactions

The Reserve Bank of India (RBI) has issued the revised guidelines for Merchanting Trade Transactions (MTT). The Following are the changes: I. For a trade to be classified as merchanting...

More than 1.12 Lakh Crores IGST Refund paid to Exporters, says CBIC

The Central Board of Indirect Taxes and Customs (CBIC) on said that it has paid IGST refund worth over Rs 1.12 lakh crores to more than 83,500 exporters to date. The CBIC also said that, “This shows...

Digital Payments: RBI Introduces New Type of Semi-Closed Prepaid Payment Instrument upto Rs.10k

The Reserve Bank of India ( RBI ) has introduced a new type of semi-closed Prepaid Payment Instrument (PPI) – PPIs up to Rs. 10,000/- with loading only from the bank account to promote Digital...

MCA deactivates 19 Lakh DINs

The Ministry of Corporate Affairs (MCA) deactivated 19,40,313 Director Identification Numbers (DINs) in the MCA21 Database due to non-filing of Know Your Client (KYC), as on 28.11.2019. This was...

RBI imposes Monetary Penalty on Four Banks

The Reserve Bank of India ( RBI ) has, by an order dated June 25, 2019, imposed monetary penalty on four banks for non-compliance with certain provisions of directions issued by RBI on Know Your...

RBI waives NEFT, RTGS charges to Promote Cashless Transactions, says FM Nirmala Sitharaman

The Reserve Bank of India ( RBI ) has waived NEFT, RTGS charges to promote Cashless Transactions. As per RBI guidelines, banks issue debit cards to customers in accordance with their Board approved...

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