New Aadhaar Requirement Introduced for Scheme Benefits

According to the guidelines, individuals desiring to avail benefits under the scheme must possess an Aadhaar number or enroll for Aadhaar before registering for the scheme. Those without an Aadhaar number can visit any Aadhaar enrolment center listed on the Unique Identification Authority of India (UIDAI) website (www.uidai.gov.in) to get enrolled.

Regulatory framework for the roles and responsibilities of trustees and the board of directors of asset management companies

Under the amended SEBI (Mutual Funds) Regulations, trustees are mandated to exercise due diligence on specific “core responsibilities.” These include ensuring fairness in fees and expenses charged by AMCs, reviewing AMC performance vis-à-vis peers or benchmarks, preventing mis-selling and increasing asset management integrity, mitigating conflicts of interest, avoiding unfair advantages for associates or group entities, addressing conflicts of interest, and preventing market abuse.

New regulatory framework for sponsors of mutual funds

SEBI circular provide alternative eligibility criteria for mutual fund sponsors and address various aspects related to the deployment of net worth, acquisition of an asset management company (AMC), pooled investment vehicles as sponsors, reduction of stake, disassociation of sponsors, and re-association of sponsors.

Government of NCT Delhi provides relaxation for late filing of Form GSTR 9

For the registered persons who fail to furnish the Form GSTR 9 by the due date for any of the financial years 2017-18, 2018-19, 2019-20, 2020-21 or 2021-22, but furnish the said return between the period from the 1st day of April, 2023 to the 30th day of June, 2023, the total amount of late fee payable in respect of the said return, shall stand waived which is in excess of ten thousand rupees.