SEBI decides to implement the direct transaction in ETFs through AMCs from 1st May 2023.
In order to enhance liquidity in units of ETFs on stock exchange platform, it has been decided that direct transaction with AMCs shall be facilitated for investors only for transactions above a specified threshold. In this regard, to begin with any order placed for redemption or subscription directly with the AMC must be of greater than INR 25 Cr. The aforesaid threshold shall not be applicable for MMs and shall be periodically reviewed.
IRDAI publishes master circular on IRDAI (Investment) Regulation, 2016.
The Master circular contains the investment categories, risk management and concurrent audit, valuation guidelines, operational procedure, fund clearance formats and investment categories codes etc.
FSSAI mandate health certificate for import of milk, pork and fish w.e.f 01.01.2023
Health certificate from competent authority of exporting country shall be submitted for import of Milk, Pork and Fish products is mandated with effect from the extended due date of January 1, 2023
DGFT has designated APEDA as the agency authorized to issue RCMCs for Cashew Kernels, Cashew nut Shell Liquid and Kardanol
In addition to the Agricultural and Processed Food Products Export Development Authority, Cashew Export Promotion Council of India shall also act as the agency authorized to issue RCMCs for Cashew Kernels, Cashew nut Shell Liquid and Kardanol.
SEBI issues clarification on applicability of block mechanism in demat account.
SEBI made the facility of block mechanism mandatory for all Early Pay-In transactions, however, it has now clarified that the block mechanism shall not be applicable to clients having arrangements with custodians registered with SEBI for clearing and settlement of trades.
CBDT extends due date for filing of TDS statement in Form 26Q for the second quarter of Financial Year 2022-23.
Under section 200(3) of the Income Tax Act, 1961, form 26Q is applicable for the tax deducted at source for all the payments except salary. The sections under this law provide the details of when TDS and the amount limit under which it is not applicable.
ESIC directs employers to exercise stricter control and vigil over usage of login credentials while registering the employees in ESIC portal.
ESI has been scrutinizing records of Employers on a routine basis. Whilst scrutinizing the employee database attached to the employers, it was found that the bank account numbers of many employees were tagged to a single common bank account number. In fact, each employee should have a unique bank account number. But many employees having the same account number is seen as a serious flaw.
The Registration of Electors (Second Amendment) Rules, 2022.
An eligible Citizen, who is going to attain the age of eighteen years on any of the subsequent qualifying dates in the year ……., that is to say, the 1st April, ……., the 1st July, ……., or the 1st October, ……, may also file his or her claim for inclusion of his or her name in the roll, in Form-6, in advance, starting from the date of notice, and the same shall be considered and decided in the respective quarter of the year with reference to the respective qualifying date.
CBDT extends due date for furnishing Return of Income for the Assessment Year 2022-23
The Central Board of Direct Taxes has directed that for the category of assessees for whom the due date to submit return of income is 31st October, 2022, to 07th November, 2022.
PCIs directed all institutions to submit the affidavit for new intake
All institutions to submit the affidavit as per format prescribed in Annexure-A along with their appeal application (enclosed as Annexure B) and update the faculty data on PCI portal within one month of receipt of this notification.
