SEBI clarification regarding transactions in units of Exchange Traded Funds directly with Asset Management Companies
The circular provides that for the above mentioned transactions, intra-day NAV, based on the executed price at which the securities representing the underlying index or underlying commodity(ies) are purchased/sold, shall be applicable.
SEBI clarification to MF/AMCs regarding deployment of unclaimed redemption and dividend amounts and Instant Access Facility in Overnight Funds
The unclaimed redemption and dividend amounts, that are currently allowed to be deployed only in call money market or money market instruments, shall also be allowed to be invested in a separate plan of only Overnight scheme / Liquid scheme / Money Market Mutual Fund scheme floated by Mutual Funds specifically for deployment of the unclaimed amounts.
SEBI relaxes timelines for compliances by Trading members/Clearing Members & KYC Registration Agencies
The due date to operate the trading terminals from designated alternate locations is extended from July 31, 2021 till December 31, 2021.
The National Institutes of Food Technology, Entrepreneurship and Management Act, 2021
The act seeks to declare certain institutions of Food Technology, Entrepreneurship and Management to be the institutions of national importance and to provide for instructions and research in food technology, entrepreneurship and management and for the advancement of learning and dissemination of knowledge in such branches.
Central Goods and Services Tax (Sixth Amendment) Rules, 2021
The Gazette notification also exempts the registered persons whose aggregate turnover in the financial year 2020-21 is up to two crore rupees, from filing annual return for the said financial year.