Sebi tightens disclosure norms on loan defaults for listed companies
Sebi tightens disclosure norms on loan defaults for listed companies
JHS Knowledge Team
22 November 2019
RBI
Extension of Business responsibility reporting to top one thousand listed entities by market capitalization:
The SEBI LODR Regulations, 2015 require that the top five hundred listed entities based on market capitalization, as on March 31 of every financial year shall include Business Responsibility Reporting (BRR) as part of their annual reports.
JHS Knowledge Team
21 November 2019
Blocking/ Unblocking of E-way Bills Generation:
CBIC has enabled a new feature in the E-Way Bill system of blocking/unblocking of the taxpayers from next month, as per the rule. That is, if the GST taxpayer has not filed Return 3B for GST the last two successive months in GST Common portal, then that GSTIN will be blocked for the generation of the e-way bill either as consignor or consignee.
JHS Knowledge Team
19 November 2019
Mapping of Unique Client Code (UCC) with demat account of the clients
Mapping of Unique Client Code (UCC) with demat account of the clients
JHS Knowledge Team
18 November 2019
Withdrawal of exemptions granted to Housing Finance Institutions
RBI has withdrawn certain exemptions granted to Housing Finance Institutions from the provisions of Chapter IIIB of Reserve Bank of India Act, 1934.
JHS Knowledge Team
15 November 2019
Technical Specifications for all participants of the Account Aggregator (AA) ecosystem:
The NBFC-AA consolidates financial information of a customer held with different financial entities, spread across financial sector regulators adopting different IT systems and interfaces. In order to ensure that such movement of data is secured, duly authorised, smooth and seamless, RBI has decided to put in place a set of core technical specifications for the participants of the AA ecosystem.
JHS Knowledge Team
11 November 2019
Income Tax Department makes high cash seizure in Pune
Income Tax Department conducted a search in the case of a businessman in Pune on 04/11/2019 and made a high cash seizure. The search was conducted at the residence of the businessman.
JHS Knowledge Team
8 November 2019
Reporting of changes in terms of investment
SEBI has made it mandatory for mutual fund houses to inform valuation agencies and SEBI registered credit rating agencies immediately about any changes in terms of investments, including extension in the maturity of a money market or debt security, along-with reasons for such changes.
JHS Knowledge Team
7 November 2019
CBIC mandates quoting of DIN in all communications from 08.11.2019:
CBIC is implementing a system for electronic (digital) generation of a Document Identification Number (DIN) for all communications sent by its offices to taxpayers and other concerned persons. To begin with, the DIN would be used for search authorization, summons, arrest memo, inspection notices and letters issued in the course of any enquiry.
JHS Knowledge Team
6 November 2019
Enhanced Governance Norms for Credit Rating Agencies (CRAs)
Enhanced Governance Norms for Credit Rating Agencies (CRAs)
JHS Knowledge Team
5 November 2019