SEBI Annual report 2023-2024
The Report is prepared as per the format laid down in SEBI (Annual Report) Rules, 2021 and covers the policies, programmes and activities of SEBI and market trends for the period April 2023 -March 2024.The Report is available at the Reports/Publications section of the SEBI website.
SEBI Master Circular for Stock Brokers
The new master circular provides that Stock Exchanges shall verify the antecedents of an applicant seeking registration as stock broker before granting admission as a member of Stock Exchange and also submit a declaration at the time of forwarding the applications for registration with SEBI, to the effect that the member has not been convicted of any offence involving fraud or dishonesty.
SEBI statement on the Hindenburg Research’s Report
Investors should remain calm and exercise due diligence before reacting to such reports. Investors may also like to take note of the disclaimer in the report that states that readers should assume that Hindenburg Research may have short positions in the securities covered in the report.
Central government mandates registration by input service providers and manufacturers of machines
Where any person, who is engaged in the manufacture of goods in respect of which any special procedure relating to registration of machines has been notified acts in contravention of the said special procedure, he shall, pay a penalty equal to an amount of one lakh rupees for every machine not so registered.
Karnataka development and disaster management initiatives shall enjoy income tax exemption provided to non-profit entities
This notification shall be deemed to have been applied for the assessment years 2022-2023 and 2023-2024 relevant for the Financial Years 2021-2022 and 2022-2023.
CBDT clarification regarding linkage of PAN and Aadhaar for the transactions so as to avoid higher deduction/collection of tax
The Board specifies that in respect of cases where higher rate of TDSITCS was attracted under section 206AA1206CC of the Act pertaining to the transactions entered into up to 31.03.2024 and in case of demise of the deductee/collectee on or before 31.05.2024 i.e. before the linkage of PAN and Aadhaar could have been done, there shall be no liability on the deductor/collector to deducVcoliect the tax under section 206AA1206CC, as the case maybe.
Artificial Intelligence in Judiciary
A Committee headed by Hon’ble Judge of the Supreme Court of India has been constituted to monitor the translation of important Supreme Court and High Court judgments into vernacular languages using AI.
BCI Regulations for Online Legal Services against solicitation
This rule is designed to maintain the professional decorum and ethical standards of the legal profession. It prohibits any form of advertisement or solicitation of work, ensuring that the legal profession remains a service-oriented practice rather than a commercial enterprise.
Report of TRAI deliberation with Regulatory Heads of all the Telecom Service Providers
If any entity misuses its SIP/PRI lines for making spam calls, all the Telecom Resources of the entity shall be disconnected by its Telecom Service Provider (TSP) and the entity shall be blacklisted by it. This information shall be shared by the TSP with all other TSPs who will, in turn, disconnect all the telecom resources given by them to that entity and blacklist it for a period of up to two years. No new telecom resources shall be allocated to it by any TSP during the period of blacklisting.
SEBI Consultation Paper on Streamlining the process and reduction in timelines of Bonus Issue (enabling T+2 trading of shares post record date where T being record date)
It has been decided to reduce the time taken for credit of bonus shares and trading of such shares, from the record date of the Bonus Issue under SEBI (ICDR) Regulations, 2018.
