Search Results for Tag : broker
Judgments
“No Brokerage Policy” not anti-competitive conduct(03.05.2016)
The Commission dismissed a complaint by the Confederation of Real Estate Brokers’ Association of India against the “No Brokerage Policy” advertised on.....
Tags : Real estate, internet portal, brokerage
News
SEBI Introduces System to Detect Misuse of Client Securities by Brokers(14.02.2020)
Securities and Exchange Board of India has introduced a system to monitor and detect misuse of client securities by stockbrokers in the wake of Karvy .....
Tags : Securities and Exchange Board of India, Misuse of Client Securities by Brokers
CESTAT: Licence of Customs Broker Cannot be Revoked Without Cross-Examination(23.12.2020)
Customs, Excises, Service Taxes Appellate Tribunal (CESTAT) held that the license of Customs Broker cannot be revoked without granting an opportunity .....
Tags : Customs, Excises, Service Taxes Appellate Tribunal, Licence of Customs Broker
ITAT: Section 50C of 1961 Act Not Applicable on Brokerage Costs Incurred on Sale Consideration(09.07.2019)
Income Tax Appellate Tribunal (ITAT) Ahmedabad has ruled that Section 50C of the Income Tax Act, 1961 (1961 Act) cannot be applicable in case of broke.....
Tags : ITAT, Brokerage Costs
Securities and Exchange Board of India Bars Transfer of Client Securities to Accounts of Brokers(26.02.2020)
Securities and Exchange Board of India has banned the transfer of client securities to Demat accounts of trading and clearing members. The Board furth.....
Tags : Securities and Exchange Board of India, Transfer of Client Securities to Accounts of Brokers
SEBI Cuts Broker Turnover Fee by 50%(28.04.2020)
Securities and Exchange Board of India has reduced broker turnover fee by 50% of the existing structure from June, 2020 till March, 2021. The Board ha.....
Tags : Securities and Exchange Board of India, Broker Turnover Fee
SC: Fees to Director Not Exempted Under Clause 4 Schedule III of SEBI Stock Broker Regulations(22.03.2023)
Supreme Court while upholding SEBI’s decision to not to grant exemption to corporate entity from payment of fees to director under Clause 4 of Schedul.....
Tags : Supreme Court, SEBI, SEBI Stock Broker Regulations, Director
SEBI Relaxes Compliance Rules for Brokers(17.04.2020)
Securities and Exchange Board of India (SEBI) has relaxed compliance requirements for brokers by giving time until 31st May, 2020 for submitting repor.....
Tags : Securities and Exchange Board of India, Brokers Compliance Requirement
CESTAT, New Delhi Directs to Restore Customs Broker Licence(22.04.2022)
Customs, Excise & Service Tax Appellate Tribunal, New Delhi has observed that no document to support the allegation and directs to reinstate the custo.....
Tags : Customs, Excise & Service Tax Appellate Tribunal, reinstate, customs broker license
ITAT, Bangalore: Assessee Couldn’t Submit Evidence for Payment of Brokerage for Sale of Property(29.04.2022)
Income Tax Appellate Tribunal, Bangalore has permitted 1% of the sale consideration as brokerage for the sale of the property since the assessee could.....
Tags : Income Tax Appellate Tribunal, brokerage, Income Tax Act, 1961, assessee
Bom. HC: Stock Broker Can’t be Booked for Duping Shareholders Only for Forwarding Whatsapp Messages(22.07.2024)
Bom. HC has observed that merely because a stockbroker has forwarded certain WhatsApp messages concerning details of shares that could be said to be d.....
Tags : Bombay High Court, Shareholders, Stock Broker
CESTAT: Attempt to Smuggle Prohibited Goods Cannot be Brushed Aside as Mere Violation of CBLR(09.06.2022)
Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Chennai bench has held that an attempt to smuggle prohibited goods cannot be brushed aside .....
Tags : CESTAT, Customs Brokers Licensing Regulations, Smuggle
Securities and Exchange Board of India Refuses to Tweak New Rules in Meeting with Brokers(10.01.2020)
Securities and Exchange Board of India has refused to tweak its new regulations on margin requirements giving the bourses a month for implementation o.....
Tags : Securities and Exchange Board of India, Brokers
Karnataka HC Dismisses Petitions Seeking Quashing of Criminal Complaints by Mygate and NoBroker(28.01.2021)
Karnataka High Court has dismissed petitions seeking quashing of criminal complaints filed by start-up companies Mygate and NoBroker, against each oth.....
Tags : Karnataka High Court, Mygate and NoBroker
CESTAT: Law Does Not Mandate Customs Broker to Physically Verify Address of Client(05.07.2022)
Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Delhi bench has held that it is not mandatory for Customs Broker to physically verify the a.....
Tags : CESTAT, Customs Broker, Verification
Notifications & Circulars
Discontinuation of acceptance of cash by Stock Brokers(12.07.2018)
1. Please refer to SEBI circular SEBI/MRD/SE/Cir- 33/2003/27/08 dated August 27, 2003, regarding Mode of Payment and Delivery.
2. Government.....
Tags : Acceptance, Cash, Stock Brokers, Discontinuation
Brokers to disclose proprietary commodity trading(25.05.2016)
The Securities and Exchange Board of India has mandated disclosure of proprietary trading by brokers in the commodity derivatives market to clients. P.....
Tags : Commodity trading, broker, disclosure
SEBI develops an online system for detecting misuse of clients' securities by brokers(13.02.2020)
In the recent past years, it has been observed that some brokers have misused clients' securities received as collateral to meet their own settlement .....
Tags : SEBI, Online system, Brokers
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
Existing regulations on insurance commissions and remuneration to continue(15.03.2016)
The Insurance Regulatory and Development Authority of India advised insurers, insurance intermediaries and insurance agents to continue complying with.....
Tags : Insurance, brokers, commission, remuneration
Simplification of Account Opening Kit(12.07.2016)
The Securities and Exchange Board of India negated the need for physical presence of a stockbroker or depository participant at the opening of a tradi.....
Tags : Trading account, capital market, stockbroker
Training and examination for channels of insurance distribution harmonised(13.07.2016)
The Insurance Regulatory Development Authority of India took steps to streamline the training and examination of persons involved in selling and distr.....
Tags : Insurance, agent, brokers, training, examination, overlap
Execution of Power of Attorney (PoA) by the Client in favour of the Stock Broker / Stock Broker and Depository Participant(27.08.2020)
1. SEBI, vide circular no. CIR/MRD/DMS/13/2010 dated April 23, 2010, issued Guidelines for execution of Power of Attorney (PoA) by the client favourin.....
Tags : Execution, PoA, Stock Broker
Modification in Cyber Security and Cyber resilience framework for Stock Brokers/Depository Participants(07.06.2022)
1. SEBI vide circular SEBI/HO/MIRSD/CIR/PB/2018/147 dated December 03, 2018 prescribed framework for Cyber Security and Cyber Resilience for Stock Bro.....
Tags : Modification, Cyber Security, Stock Brokers
Computer based Examination under Regulation 6 of the Customs Brokers Licensing Regulations, 2018 (As Amended)(11.02.2019)
Reference is invited to the Notice dated 27.04.2018 and Corrigendum dated 11.12.2018 inviting applications for the Customs Brokers Examination to be c.....
Tags : Examination, Customs Brokers, Licensing Regulations
Customs Brokers Licensing (Amendment) Regulations, 2016(05.01.2016)
The Central Board of Excise and Customs has notified Regulations, 2016 amending the Customs Brokers Licensing Regulations, 2013. The amendment extends.....
Tags : Customs, broker, licence, professional degree