Search Results for Tag : circular
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Supreme Court strikes down RBI Circular imposing stringent conditions on lenders(02.04.2019)
Supreme Court has quashed circular passed by RBI on 12thFebruary, 2018, asking banks to classify a loan account as stressed, if there was even a day o.....
Tags : Circular, Condition, Ultra vires
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RBI issues draft circular on Liquidity Risk Management Framework for Non-Banking Financial Companies(24.05.2019)
Reserve Bank has issued a draft circular on the “Liquidity Risk Management Framework for Non-Banking Financial Companies (NBFCs) and Core Investment C.....
Tags : NBFCs, Circular, Guidelines
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Judgments
General insurance companies have freedom to decide their premium rates as well as their re-insurer(26.07.2019)
The present information has been filed by Indian Chemical Council ("Informant"), under Section 19(1)(a) of the Competition Act, 2002 against General I.....
Tags : Circular, Premium, Enhancement, Legality
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Notifications & Circulars
CBDT consolidates Circulars for ease of compliance of Start-Ups(02.09.2019)
In order to provide hassle-free tax environment to the Start-ups, a series of announcements have been made by Union Finance & Corporate Affairs Minist.....
Tags : Consolidation, Circular, Compliance, Start-Ups
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Amendment in 'Rights and Obligations of Members, Authorized Persons and Clients' of FMC Circular No. FMC/COMPL/IV/KRA-05/11/14 dated February 26, 2015(11.03.2020)
1. SEBI, vide circular no. SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/92 dated September 23, 2016, inter-alia, specified that provisions of FMC circular No. FMC/.....
Tags : Amendment, FMC circular, Rights
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MCA allows companies to hold Extraordinary General Meetings (EGMs) through video conferencing(08.04.2020)
In view of difficulty faced by Companies due to COVID 19 and an ongoing nation-wide lockdown, Ministry of Corporate Affairs (MCA) allows companies to .....
Tags : EGMs, Video conferencing, Circular, Issuance
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Implementation of Circular on 'Margin obligations to be given by way of Pledge / Re-pledge in the Depository System' - Extension(27.05.2020)
1. SEBI, vide circular no. SEBI/HO/MIRSD/DOP/CIR/P/2020/28 dated February 25, 2020, specified guidelines with regard to Margin obligations to be given.....
Tags : Implementation, Circular, Depository System
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When Circulars are issued by the DGCA to ensure public safety, the right to life guaranteed by the Constitution is not violated as same is subject to restrictions(16.10.2020)
Present writ petitions have been filed by the respective Petitioners challenging the Breath Analyzer examination of the personnel engaged in Aircraft .....
Tags : Fundamental rights, Circular, Legality
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Amendments to provisions in SEBI Circular dated September 16, 2016 on Unique Client Code and mandatory requirement of Permanent Account Number(08.03.2021)
1. SEBI had issued circular no. SEBI/HO/CDMRD/DMP/CIR/P/2016/87 dated September 16, 2016 which, inter-alia, provided guidelines on use of Unique Clien.....
Tags : Amendments, Provisions, SEBI Circular
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Construction of statutory phrase, placed by a circular issued by the Central Board of Excise and Customs is binding on the Revenue till the same is withdrawn(12.04.2022)
The brief fact of the case is that based on intelligence that Appellant was not paying Service tax on the Construction activities carried out by him, .....
Tags : Demand, Circular, Applicability
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Revision to operational circular for issue and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper(08.03.2022)
1. Chapters I and II of the Operational Circular no. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, issued by SEBI, provides the procedures pertai.....
Tags : Revision, Operational circular, Non-convertible Securities
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Executive orders or circulars in the absence of any legislative competence cannot be made applicable with retrospective effect(22.09.2022)
The instant batch of appeals has been preferred by the Appellant, Bharat Sanchar Nigam Ltd. assailing the judgment passed by the Telecom Disputes Sett.....
Tags : Circular, Rates, Applicability
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Issue of Master Circular by Stock Exchanges, Clearing Corporations and Depositories(20.04.2023)
1. Stock Exchanges, Clearing Corporations and Depositories (hereinafter collectively referred to as 'Market Infrastructure Institutions (MIIs)') commu.....
Tags : Master Circular, Clearing Corporations, Depositories
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Master Circular for Registrars to an Issue and Share Transfer Agents(17.05.2023)
I. Securities and Exchange Board of India (SEBI/the Board), from time to time, has been issuing various circulars/directions to Registrars to an Issue.....
Tags : Master Circular, Registrars, Share Transfer Agents
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Master Circular for Investment Advisers(15.06.2023)
1. Securities and Exchange Board of India (SEBI), from time to time, has been issuing various circulars/directions to Investment Advisers (IAs). In or.....
Tags : Master Circular, Issuance, Investment Advisers
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Master Circular for ESG Rating Providers ("ERPs")(12.07.2023)
I. ESG Rating Providers are regulated under the provisions of Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 ("CRA .....
Tags : Master Circular, ERPs
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Foreign investment in Alternative Investment Funds (AIFs)(11.01.2024)
1. The Government of India through gazette notification dated March 07, 2023 and September 04, 2023 has amended the Prevention of Money Laundering (Ma.....
Tags : Foreign investment, AIFs, Circular
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Master Circular for Alternative Investment Funds (AIFs)(07.05.2024)
1. With an objective to ensure an effective regulatory framework for AIFs, Securities and Exchange Board of India (SEBI) has been issuing various circ.....
Tags : Master Circular, AIFs, Regulatory framework
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Master Circular for Registrars to an Issue and Share Transfer Agents(07.05.2024)
I. Securities and Exchange Board of India ("SEBI"/ "the Board"), from time to time, has been issuing various circulars/directions to Registrars to an .....
Tags : Master Circular, Registrars, Transfer Agents
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Centralization of certifications under Foreign Account Tax Compliance Act and Common Reporting Standard at KYC Registration Agencies(20.02.2024)
1. SEBI circulars CIR/MIRSD/2/2015 dated August 26, 2015 and CIR/MIRSD/3/2015 dated September 10, 2015, and guidance note on FATCA and CRS norms issue.....
Tags : Centralization, Certifications, Circular
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Master Circular for Investment Advisers(21.05.2024)
1. Securities and Exchange Board of India ("SEBI"/ "the Board"), from time to time, has been issuing various circulars/directions to Investment Advise.....
Tags : Circular, Issuance, Investment Advisers
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Master Circular for Credit Rating Agencies(16.05.2024)
I. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 ("CRA Regulations") prescribes guidelines for registration of Cre.....
Tags : Circular, Credit Rating Agencies
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Master Circular for Infrastructure Investment Trusts (InvITs)(15.05.2024)
1. For effective regulation of Infrastructure Investment Trusts, Securities and Exchange Board of India (SEBI) has been issuing various circulars from.....
Tags : Master Circular, InvITs, Regulation
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Extension of cross margin benefits for offsetting positions having different expiry dates(23.04.2024)
1. Chapter 5 of SEBI Master Circular dated October 16, 2023 for Stock Exchanges and Clearing Corporations inter-alia provides stipulations for cross m.....
Tags : Extension, Cross margin benefits, Circular
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Repealing of circular(s) outlining procedure to deal with cases where securities are issued prior to April 01, 2014(13.03.2024)
1. In exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992, SEBI had issued Circular No. CIR/C.....
Tags : Repeal, Circular
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Circular regarding ease of doing business - Internet Based Trading for Stock Brokers(30.05.2024)
1. To improve ease of doing business and remove obsolete compliance requirements related to activities of Market Infrastructure Institutions (MIIs), i.....
Tags : Circular, Trading, Stock Brokers
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Partial modification of Circular No. 3 of 2023 dated 28.03.2023 regarding consequences of PAN becoming inoperative as per rule 114AAA of the Income-tax Rules, 1962(23.04.2024)
Circular No. 3 of 2023 dated 28.03.2023 issued by the Board details the consequences of PAN becoming inoperative as under:
"Consequent to the.....
Tags : Partial modification, Circular, PAN
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Master Circular for Mutual Funds by Securities and Exchange Board of India(27.06.2024)
1. For effective regulation of Mutual Fund Industry, the Securities and Exchange Board of India ("SEBI") has been issuing various circulars from time .....
Tags : Circular, Mutual Funds, Regulatory requirements
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Amendment to Master Circular for Infrastructure Investment Trusts (InvITs) dated May 15, 2024(06.08.2024)
1. Para 22.3.1. (b) of Chapter 22, titled "Board nomination rights to unitholders of Infrastructure Investment Trusts (InvITs)", of the Master Circula.....
Tags : Amendment, Master Circular, InvITs
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Circular regarding use of functionality under Section 206AB and 206CCA of the Income-Tax Act, 1961(21.06.2021)
1. Finance Act, 2021 inserted two new sections 206AB and 206CCA in the income-tax Act 1961 (hereinafter referred to as "the Act") which takes effect f.....
Tags : Circular, Use, Functionality
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Clarifications on circular dated 03.11.2021, related to 'common & simplified norms for processing investor's service request by RTAs and for furnishing PAN, KYC details and nomination'(14.12.2021)
1. SEBI, vide Circular no. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2021/655 dated November 03, 2021, has laid down the common and simplified norms for process.....
Tags : Circular, RTAs, Norms
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News
TL HC: First Committee On Wilful Defaulters Not Obligated To Mention Its Composition In Its Order(19.10.2022)
Telangana High Court has ruled that as per Clause 3(a) of the RBI Master Circular on Wilful Defaulters dated 01.07.2015, the First Committee is not ob.....
Tags : Telangana High Court, RBI, Circular
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Circular under Section 10 of the Direct Tax Vivad se Vishwas Act, 2020(04.03.2021)
1. The Direct Tax Vivad se Vishwas Act, 2020 ("Vivad se Vishwas") was enacted on 17th March, 2020 with the objective of reducing pending income tax di.....
Tags : Circular, Designated authority, Powers
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Del. HC: Lookout Circular Can’t be Used by Bank as an Arm-Twisting Tactic to Recover Debt(31.05.2024)
Delhi High Court has opined that after resorting to all remedies available in law, the bank cannot open a lookout circular as an arm-twisting tactic t.....
Tags : Delhi High Court, Lookout Circular, Recover Debt
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Madhya Pradesh High Court Stays RBI Circular on Urban Cooperative Banks(06.09.2021)
Madhya Pradesh High Court has stayed a circular issued by the Reserve Bank of India (RBI) on June 25 which laid down several conditions related to Urb.....
Tags : Madhya Pradesh High Court, RBI Circular on Urban Cooperative Banks
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SEBI Extends Deadline for Implementation of Circular on Stewardship Code for All Mutual Funds(01.04.2020)
Securities and Exchange Board of India (SEBI) has extended the deadline for implementation of the circular on Stewardship Code for all Mutual Funds an.....
Tags : Securities and Exchange Board of India, Implementation of Circular on Stewardship Code
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Master Circular for Stock Exchange and Clearing Corporations(05.07.2021)
1. SEBI, from time to time, has been issuing various circulars/directions to Stock Exchanges and Clearing Corporations. In order to enable the users t.....
Tags : Master Circular, Stock Exchange, Clearing Corporations
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Amendment in Circular No. 25/2016-Customs dated 08.06.2016 for including details of ex-bond Bill of Entry/Shipping Bill in Form A(21.02.2023)
1. The Circular No. 25/2016-Customs dated 08.06.2016 prescribes 'Form A' regarding maintenance of records in relation to warehoused goods for the purp.....
Tags : Amendment, Circular, Ex-bond Bill of Entry
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Bom. HC: Information of Previous Bail Applications And Orders to Be Give in All Bail Applications(26.02.2024)
Bombay High Court while issuing a circular, has mandated details of all previous applications for bail to be given in bail applications presented befo.....
Tags : Bombay High Court, Bail Applications, Circular
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Del. HC: Central Govt.’s Circular Banning Sale and Breeding of 'Dangerous & Ferocious Dogs' Quashed(18.04.2024)
Delhi High Court has quashed the circular dated 12th March 2024 issued by the Union Ministry of Fisheries, Animal Husbandry and Dairying, Department o.....
Tags : Delhi High Court, Dangerous & Ferocious Dogs, Circular
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Circular regarding instructions on money changing activities by Reserve Bank of India(27.05.2024)
1. Attention is invited to FED Master Direction No.3/2015-16 dated January 01, 2016 (updated from time to time) on Money Changing Activities.
.....
Tags : Instructions, Money changing, Circular
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SC to ED: Withdraw LOC Against TMC MP Abhishek Banerjee & Wife Rujira Banerjee(31.07.2023)
Supreme Court has directed Directorate of Enforcement (ED) to withdraw the Look Out Circular (LOC) issued against TMC MP Abhishek Banerjee and his wif.....
Tags : Supreme Court, Look Out Circular, Directorate of Enforcement
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Del. HC: LOC Can Be Issued To Ensure Surrender of Person Evading Summons Or Arrest(20.10.2022)
Delhi High Court has reiterated that a look out circular (LOC) is to be issued in such cases where the accused is deliberately evading arrest or summo.....
Tags : Delhi High Court, look out circular, summons, arrest, bailable
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Relaxation from the applicability of SEBI Circular dated October 10, 2017 on non-compliance with the Minimum Public Shareholding requirements(14.05.2020)
1. SEBI circular No. CFD/CMD/CIR/P/2017/115 dated October 10, 2017 lays down the procedure to be followed by the recognized stock exchanges/depositori.....
Tags : Relaxation, Applicability, SEBI Circular
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Gujarat HC Quashes Circular Levying GST on DISCOMS for Bundled Services(24.01.2019)
Gujarat High Court has struck down a part of a circular issued in March last year by the Central Board of Indirect Taxes and Customs (CBIC), which had.....
Tags : Gujarat High Court, Circular Levying GST on DISCOMS
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Regulation of private practice by govt. doctors is subject matter of separate Rules, circular issued under J&K Govt. Employees (Conduct) Rules 1971 not applicable to govt. doctors(21.10.2016)
A Writ Petition was instituted in public interest before High Court of Jammu and Kashmir by Respondents seeking to challenge a Circular dated 11 Augus.....
Tags : Circular, Applicability, Government doctors
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Allahabad HC Directs Registrar General to Issue Circular to Place Affidavits Within 72 Hours(13.08.2021)
Allahabad High Court has directed the Registrar General to issue a proper Circular to all the S.Os. of various sections of the High Court to ensure th.....
Tags : Allahabad High Court, Circular to Place Affidavits Within 72 Hours
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ITAT: Income Tax Officials Bound to Follow CBDT Circular(08.07.2022)
ITAT: Income Tax Officials Bound to Follow CBDT Circular
Income Tax Appellate Tribunal (ITAT), Cochin Bench has held that the circulars issued by the.....
Tags : ITAT, Income Tax Officials, CBDT Circulars
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Delhi HC: No Recovery of IT Demand Relating to Issues Already Decided in Assessee’s Favour(04.08.2022)
Delhi High Court while upholding Central Board of Direct Taxes (CBDT) circular has quashed the recovery proceedings for the income tax (IT) demand rel.....
Tags : Delhi High Court, CBDT Circular, Recovery
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Amendment in Circular No. 26/2016-Customs dated 09.06.2016(21.02.2023)
1. Para 4.1 of Circular 26/2016-Customs dated 09.06.2016 provides for a centralized system of antecedent verification of the applicants of license und.....
Tags : Amendment, Circular, Warehousing
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Kerala HC: Amounts Collected From Persons Based on Unconstitutional Levy Entitled to Refund(28.04.2022)
Kerala High Court has held that persons from whom a fee was collected under a State Circular calling for applications for use of unnotified land for o.....
Tags : Kerala High Court, fee, State Circular, unconstitutional
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Karnataka HC Directs State to Reconsider Circular on Blind Employees to Work on Alternate Days(18.01.2021)
Karnataka High Court has directed the State Government to reconsider its circular dated 5th January, 2021, by which it has directed 50 percent of offi.....
Tags : Karnataka High Court, Circular on Blind Employees to Work on Alternate Days
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Delhi HC: Can’t Continue Look Out Circular Against Prannoy Roy & Radhika Roy in Perpetuity(20.01.2023)
Delhi High Court has questioned CBI on a look out circular issued against journalists Prannoy Roy and Radhika Roy in 2019 and said that the agency can.....
Tags : Delhi High Court, Look Out Circular, Prannoy Roy, CBI
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Master Circular for Commodity Derivatives Market(17.05.2022)
1. In order to ensure availability of comprehensive information mentioned in the circulars pertaining to commodity derivatives market at one place, SE.....
Tags : Master Circular,Issuance, Commodity Derivatives
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Clarification regarding binding nature of circular and instructions(21.09.2015)
In light of various decisions by the Supreme Court, the Ministry of Finance issued clarifications on whether service tax, customs and excise field off.....
Tags : Tax, circular, override, judgment, supreme court
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Cal HC: Look-Out Circulars Should be Issued Only in Exceptional Cases; Can’t be a Recovery Norm(14.06.2023)
Calcutta High Court while observing that Look-Out Circulars causes an immediate and irrevocable violation of a person’s fundamental right to movement,.....
Tags : Calcutta High Court, Look-Out Circulars, Recovery Norm
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Kerala HC: Circulars Issued by Centre or State Not Binding Upon Court(09.01.2023)
Kerala High Court while observing that circulars or clarifications issued by the Central Government represent merely their understanding of the statut.....
Tags : Kerala High Court, Circulars, Central Government, Binding
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Master Circular for Infrastructure Investment Trusts (InvITs)(26.04.2022)
1. For effective regulation of Infrastructure Investment Trusts, Securities and Exchange Board of India (SEBI) has been issuing various circulars from.....
Tags : Master Circular, Infrastructure, InvITs
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DGFT Issues Clarification on Chip Import Monitoring System(28.06.2022)
Director-General of Foreign Trade (DGFT) vide Policy Circular No. 40/2015-2020 dated 27th June, 2022 has issued clarification regarding Chip Import Mo.....
Tags : DGFT, Policy Circular, Clarification
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Delhi HC Issues Circular Regarding Pass-Overs or Adjournments in Bail, Parole Matters(26.07.2024)
Delhi HC has issued a circular stating that in all matters viz. Interim Bail, Bail, Suspension of sentence, Parole, Furlough and cancellation thereof,.....
Tags : Delhi High Court, Adjournments, Circular
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Delhi HC: Airport Authorities Cannot Detain Person Against Whom LOC is Issued(05.07.2022)
Delhi High Court has held that when a look out circular (LOC) of intimation is issued against a person, authorities at the airport or any other port c.....
Tags : Delhi High Court, Look Out Circular, Detain
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Cal. HC: Mere Paranoia of Authorities Not Sufficient for Issuance of LOCs(06.09.2023)
Calcutta High Court has observed that mere paranoia of the authorities whenever a person against whom allegations are leveled, seeks to leave the coun.....
Tags : Calcutta High Court, Lookout Circular, Authorities, Travel, Abroad
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Telangana HC: Principles of Natural Justice to be Read Into Master Circular Issued by RBI(31.12.2020)
Telangana High Court has held that the principles of natural justice have to be read into the Master Circular issued by the Reserve Bank of India on t.....
Tags : Telangana High Court, RBI Master Circular, Principles of Natural Justice
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Withdrawal of circulars - on recovery of excess pension made to pensioners(21.01.2021)
1.It has been brought to the notice of RBI that the recovery of excess /wrong pension payments from the pensioners are being made in a manner that is .....
Tags : Withdrawal, Circulars, Recovery, Excess pension
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Traffic Manager has discretion to prohibit discharge of goods which are likely to obstruct traffic, cause congestion or hinder convenient movement at Port(17.09.2019)
In present case, the Appellant is a private limited company engaged in the business of clearing, forwarding and transporting of cargo for import and e.....
Tags : Circular, Issuance, Validity
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Kerala High Court: Department Circulars Cannot Override Supreme Court Judgment(13.01.2020)
Kerala High Court has ruled that the Circulars issued by the Government Department do not have priority over the decisions of the Supreme Court and Hi.....
Tags : Kerala High Court, Departmental Circulars
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Kar. HC: Bank Can't Seek Issue of Look Out Circular Unless Economic Interest of Country Is Involved(29.06.2022)
Karnataka High Court has held that the request for issuance of a Look-out Circular or preventing defaulter of loan from travelling abroad cannot be a .....
Tags : Karnataka High Court, Look Out Circular, Recovery
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Master Circular on issuance of No Objection Certificate (NOC) for release of 1% of Issue Amount(07.11.2022)
1. As per the provisions of regulation 38 (1) of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 20.....
Tags : Master Circular, Issuance, NOC
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Bom. HC: Public Sector Banks Not Empowered to Issue Look Out Circulars Against Loan Defaulters(27.04.2024)
Bombay High Court has observed that Public Sector Banks are not authorized to issue look out circulars against loan defaulters. The power exercised by.....
Tags : Bombay High Court, Public Sector Banks, Look Out Circulars, Article 14 of COI, Article 21 of COI
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Bombay HC: RBI Circulars on Loan Moratorium Not Applicable to Mutual Funds(17.07.2020)
Bombay High Court has held that the Reserve Bank Of India's circulars granting moratorium on payment of instalment of term loans for three months and .....
Tags : Bombay High Court, RBI Circulars on Loan Moratorium
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Ministry of Commerce And Industries revises user charges for SEZ-online service(02.12.2021)
Ministry of Commerce and Industries has notified the revised user charges for SEZ-Online services that would be effective from November 15, 2021. Depa.....
Tags : User charges, Review, Circular
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Ministry of Women and Child Development issues one more Look-out-Circular regarding NRI Matrimonial disputes(04.07.2018)
The Integrated Nodal Agency (INA), in its meeting held today under the chairpersonship of WCD Secretary, decided to issue one more Look-out-Circular(L.....
Tags : Circular, Issuance, NRI, Matrimonial disputes
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Challenge Against RBI Circular By Power Companies: SC Transfers All Pending Matters To Itself(13.09.2018)
SC has directed that twelve cases pertaining to the Insolvency Proceedings under the new RBI circular pending before High Courts of Madras, Gujarat, A.....
Tags : Supreme Court, Power companies, RBI Circular
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Delhi HC Allows NDTV Promoters to Travel Abroad Citing ‘No Flight Risk’(02.06.2022)
Delhi High Court allowed NDTV promoters Prannoy Roy and Radhika Roy to travel abroad from 1st to 30th August, 2022 amid CBI’s look out circulars issue.....
Tags : Delhi High Court, NDTC, Look Out Circular
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Karnataka High Court Directs Police Officers to Strictly Follow Circular of State Government(26.10.2021)
Karnataka High Court has directed police officers who are in-charge of investigations to strictly follow the circular issued by the State government a.....
Tags : Karnataka High Court, Circular of State Government
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RBI’s Circular issued to extend relief to borrowers during the COVID-19 pandemic is not applicable to defaults prior to the outbreak of the pandemic(18.12.2020)
The present writ petition has been filed challenging the impugned letter sent by Respondent No.1/IL&FS Financial Services Ltd. ('IL&FS'), by which it .....
Tags : Burrowers, RBI circulars, Applicability
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RBI looking into permitting FPI involvement in unlisted debt securities(16.05.2016)
The Reserve Bank of India released a draft cir.....Tags : draft circular, fpi, unlisted debt
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Karnataka Issues Circular Regarding Revocation of Canceled GSTIN Beyond 90 Days Based on Court Orders(10.06.2022)
Karnataka State (GST) Department has issued a circular regarding revocation of cancelled GSTIN beyond 90 days by LGSTO’S/SGSTO’S based on Appeal order.....
Tags : Karnataka State Department, GSTIN, Circular
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