IFSCA vide circular dated September 05, 2024 has issued penalty for failure to maintain prescribed Net Worth by Capital Market Intermediaries. IFSCA (Capital Market Intermediaries) Regulation, 2021 mandates Capital Market Intermediaries (CMIs) to maintain Net Worth at all times.
In this regard, it is clarified that CMIs failing to maintain Net Worth at any time shall not undertake any existing or new business activity in IFSC till the time the net worth is restored.
India’s internationally recognized Tsunami Early Warning System was showcased as a cornerstone of the nation’s disaster preparedness strategy. The Minister also highlighted ongoing collaborations with
The revised guidelines for ITFS platforms mark a significant step forward in enhancing the accessibility, flexibility, and effectiveness of international trade finance services. With streamlined
The DoT continues to lead the charge towards transforming the Indian telecom ecosystem making it more- Samaveshit (ubiquitous connectivity fuelling inclusive growth), Viksit (developed India
It is clarified that refund cannot be claimed where the registered person has only paid Integrated Goods and Services Tax and Compensation Cess on inputs
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