Latest requirement for independent assurance & regulated rating will have been increased the credibility of ESG disclosure by SEBI For more than a decade, the Govt & SEBI have been persuading companies to adapt to and connect with environmental, social, and governance (ESG) factors as indiscernible to corporate culture. To that purpose, Securities and Exchange …
Registration of Merchant Banker License in India Who is Merchant Banker? A merchant banker is defined as any person who is engaged in the business of issue management, either by making arrangements for buying, selling, or subscribing to securities or by acting as a consultant, manager, or rendering corporate advisory services in relation to such …
SEBI Investment Advisors Amendment Regulations 2020 The Securities Exchange Board of India recently vide PR No. 37/2020 notified of the amendments to the SEBI (Investment Advisors) Regulations, 2013. The Investment advisors amendment is aimed to strengthen the regulatory framework for investment advisors. Overview of the SEBI Investment Advisors Amendment In India, investment advisers (“IAs“) are regulated …
Step-by-Step Guide to Investment Advisor Registration with SEBI According to the Investment Advisors Act of 1940, an investment advisor, also known as a stockbroker, is any person or group who makes investment recommendations and conducts securities analysis for a fee through direct management of clients’ assets or through written publications. The SEBI introduced in 2013 …
RBI enforce withdrawal restriction of a total amount not exceeding 500 For Karnala Nagari Sahakari Bank Ltd., (Maharashtra) 1. Authority to issue certain Directions to Karnala Nagari Sahakari Bank Ltd., (Maharashtra) by which, as from of the end of trading on 15 June 2020, the Administrator of the aforementioned bank shall not, without prior written …
CORPORATE AND PROFESSIONAL UPDATE April 25, 2016 DIRECT TAX: Surveying authority can’t allege excess stock without demanding standard weighment facility from assessee[2016] 68 taxmann.com 288 (Amritsar – Trib.) Smt. Kailash Devi Prop. v. Income-tax Officer No Capital Gain on unaccrued contingent deferred consideration [CIT VS. Mrs Hemal Raju Shete(Bombay High Court) Sec. 263 Revision for starting fishing …
CORPORATE AND PROFESSIONAL UPDATE April 21, 2016 Direct Tax: TPL under Section 90/90A/91 of IT Act 1961- Draft Rules for Granting Relief or Deduction vide Circular No. F.NO.142/24/2015 under section 90/90A/91 of IT dated 18-04-2016- (Click here to view) Benefit of deduction u/s 80P(2)(a)(i) – Held that – Assessee is entitled for deduction of interest income derived …
CORPORATE AND PROFESSIONAL UPDATE April15, 2016 DIRECT TAX: Income Tax: Once the expenditure is found to be allowable as revenue expenditure as per provisions of the Income Tax Act, 1961 (‘Act’), the same is to be allowed as revenue expenditure under the Act while computing income chargeable to tax even if the taxpayer capitalizes such an …
CORPORATE & PROFESSIONAL UPDATE DECEMBER 14, 2015 INCOME TAX ACT SECTION 2(15) CHARITABLE PURPOSE Object of general public utility – Banking technology service : Where assessee-society was established by RBI to provide Banking Technology services and to carry out research which was charitable in nature; merely because it had generated surplus during course of carrying on …
CAPITAL GAINS TAX RELIEF ON GOLD BONDS IS EXPECTED TO BE TAKEN UP IN THE NEXT BUDGET Capital gains tax relief on gold bonds is expected to be taken up in the next budget. CBEC has made Custom Duty Free Allowance to Rs.45000 for passengers of Indian origin and foreigners of over 10 year of …