Tags : startup, fund of funds, tax incentives, portal
Upstreaming of clients' funds by Stock Brokers (SBs) / Clearing Members (CMs) to Clearing Corporations (CCs)(12.12.2023)
1. With a view to safeguard clients' funds placed with Stock Brokers (SBs) / Clearing Members (CMs), SEBI, vide circular no. SEBI/HO/MIRSD/MIRSD-PoD- .....
Tags : Upstreaming, Clients' funds, SBs
SEBI Asks Franklin to Return Money to Investors in 6 Funds(08.05.2020)
Securities and Exchange Board of India has asked Franklin Templeton Mutual Funds to focus on returning the money to investors stuck in six funds as so.....
Tags : Securities and Exchange Board of India, Franklin Templeton Mutual Funds
Madras HC: No Political Symbols or Leader Photos in Welfare Ads(01.08.2025)
Madras High Court, in an interim order, barred the use of party names, symbols, or photos of former Chief Ministers in Government welfare scheme adver.....
Tags : Political neutrality, Government advertisement, Public funds, Madras HC
Delhi HC Asks Petitioners to Approach CVC Regarding Alleged Misuse of Funds by Delhi Govt Hospitals(14.01.2019)
Delhi High Court has asked two advocates to place before the Central Vigilance Commission (CVC) their petition against alleged misappropriation/misuse.....
Tags : Delhi High Court, Misuse of Funds by Delhi Govt Hospitals
SEBI Relaxes Valuation Norms for Mutual Funds(24.04.2020)
Securities and Exchange Board of India has relaxed valuation norms on money and debt market instruments held by mutual funds in the wake of the loan m.....
Tags : Securities and Exchange Board of India, Mutual Funds Valuation Norms
SEBI Modifies NAV Rules for Mutual Funds(18.09.2020)
Securities and Exchange Board of India (SEBI) has asked mutual funds to uniformly apply net asset value (NAV) across schemes upon realisation of funds.....
Tags : Securities and Exchange Board of India, NAV Rules for Mutual Funds
Kerala HC Stays Single Judge Bench Direction to State to release Funds to KSRTC(01.09.2022)
Kerala High Court has stayed the order passed by single judge bench directing the state to release funds to KSRTC to clear salary dues of its employee.....
Tags : Kerala High Court, KSRTC, Funds
SEBI Puts Rules for Mutual Funds to Restrict Redemptions(01.06.2016)
To curtail mutual fund houses' powers to suddenly restrict redemptions from a scheme, markets regulator SEBI has put in place a set of rules and also .....
Tags : SEBI, Mutual funds, Redemption
Gau. HC: Primary Duty of the State to Disburse Funds Under Victim Compensation Scheme(09.04.2024)
Gauhati High Court while stating that it is the primary duty of the State to provide fund for the disbursement of compensation to the victims under th.....
Tags : Gauhati High Court, Victim Compensation Scheme, Funds
Registering NBFCs to become simpler(17.06.2016)
The Reserve Bank of India resolved to simpli.....Tags : nbfc, registration, simplified process, public funds
Gujarat High Court: Pay Up Interest for Delay in Paying GST Refunds(05.08.2019)
Gujarat High Court has asked the authorities to pay interest for delay in paying GST refunds. The authorities were asked to pay the interest at the ra.....
Tags : Gujarat High Court, GST Refunds
Manipur HC Directs State Bar Council to Release Funds for Lawyers Financial Assistance(19.05.2020)
Manipur High Court has directed the Bar Council of Manipur to release a sum of Rs. 2,08,932/- for purposes of extending financial assistance to advoca.....
Tags : Manipur High Court, Funds for Lawyers Financial Assistance
Lok Sabha Passes Chit Funds (Amendment) Bill, 2019(21.11.2019)
Lok Sabha has passed the Chit Funds (Amendment) Bill, 2019 that seeks to streamline operations of chit funds in India and protect the interests of inv.....
Tags : Lok Sabha, Chit Funds (Amendment) Bill, 2019
Rajya Sabha Clears Chit Funds (Amendment) Bill, 2019(29.11.2019)
Rajya Sabha has cleared the Chit Funds (Amendment) Bill, 2019 to streamline operations of collective investment schemes or chit funds with the aim to .....
Tags : Rajya Sabha, Chit Funds
SEBI Clarifies Regarding Transactions in Mutual Funds Facilitated by Online Platforms(16.03.2022)
Securities and Exchange Board of India has clarified regarding transactions in mutual funds facilitated by online platforms. The Board has said paymen.....
Tags : Securities and Exchange Board of India, Transactions in Mutual Funds
Allahabad HC Denies Bail to Ex-MLA Mukhtar Ansari in Funds Misappropriation Case(14.06.2022)
Allahabad High Court while denying bail to former MLA Mukhtar Ansari n connection with a case over misappropriation of MLA funds, called him a dreaded.....
Tags : Allahabad High Court, Funds Misappropriation, Bail
Manner of processing and sanction of IGST refunds(28.11.2022)
1. Attention is invited to Standard Operating Procedures (SOPs) for verification of risky exporters and their suppliers dated 23.01.2020 issued to CGS.....
Tags : Processing, Sanction, IGST refunds
Addendum to SEBI Circular on Development of Passive Funds(28.07.2022)
1. This has reference to SEBI circular No. SEBI/HO/IMD/DOF2/P/CIR/2022/69 dated May 23, 2022 on "Development of passive funds". The provisions of the .....
Tags : Addendum, Development, Passive Funds
Kar. HC: Order Passed by Appellate Authority Under Section 70 of Chit Funds Act is Final(19.03.2024)
Karnataka High Court has held that an order passed by the Appellate Authority under Section 70 of the Chit Funds Act, 1982 is final and no appeal agai.....
Tags : Karnataka High Court, Section 70 of Chit Funds Act, Appellate Authority
SEBI Exempts Offshore Funds from Submitting Physical Forms(20.03.2020)
Securities and Exchange Board of India has provided exemptions for off-shore funds from submitting physical forms in wake of the Corona outbreak, allo.....
Tags : Securities and Exchange Board of India, Offshore Funds
Kerala High Court: Technical Glitches Not to Hinder Grant of Tax Refunds(21.10.2021)
Kerala High Court has ruled that technical glitches should not stand in the way of ultimate grant of relief by way of refund to taxpayers. The Court h.....
Tags : Kerala High Court, Grant of Tax Refunds
Patna High Court Asks Govt. to Provide Funds for Educational Institutions' Infrastructure(26.03.2021)
Patna High Court has observed that there is a lack of infrastructure, toilets, etc in girls' educational institutions in Patna, perusing the inspectio.....
Tags : Patna High Court, Funds for Educational Institutions' Infrastructure
MCA Clarifies Corporate Contributions Towards Relief Funds Not to Qualify as CSR Expenditure(13.04.2020)
Union Ministry of Corporate Affairs has clarified that contributions made to the Chief Minister's Relief Fund or State Relief Fund for COVID-19 do not.....
Tags : Ministry of Corporate Affairs, Contributions Towards Relief Funds
Gauhati High Court: Chief Secretary’s Statement Sought on Inadequacy of Funds(11.06.2024)
Gauhati High Court has sought the statement of the Assam Government’s Chief Secretary to apprise the Court about the inadequate disbursement of compen.....
Tags : Gauhati High Court, Inadequacy of Funds, Assam Government
Karnataka HC Directs State Bar Council to Set Apart Funds for Clerks(01.10.2020)
Karnataka High Court has directed the Karnataka State Bar Council to set apart a reasonable amount out of the Rs 5 Crore state grant given to it for t.....
Tags : Karnataka High Court, Funds for Clerks
SC Transfers Advertisement Funds of Delhi Govt. for RRTS Project(21.11.2023)
Supreme Court while expressing disappointment over Delhi Government not fulfilling its assurance to allocate funds for the Regional Rapid Rail Transit.....
Tags : Supreme Court, Advertisement Funds, RRTS Project
IGST Export Refunds-Extension in SB005 alternate mechanism and revised processing in certain cases including disbursal of compensation Cess(27.08.2019)
CBIC has issued circulars 05/2018-Customs dated 23.02.2018, 08/2018-Customs dated 23.03.2018, 15/2018-Customs dated 06.06.2018 and 40/2018-Customs dat.....
Tags : IGST Export, Refunds, Extension
Delhi HC Directs Delhi Government to Release Funds for Requirements of District Courts(22.10.2020)
Delhi High Court has directed the Delhi Government to release funds for requirements of District Courts starting with funds for purchasing 20% of the .....
Tags : Delhi High Court, Release Funds for Requirements of District Courts
CBDT Issues Guidelines for Granting Exemption to Foreign Wealth Funds and Pension Funds(28.10.2021)
Central Board of Direct Taxes (CBDT) has issued guidelines for granting an exemption under section 10(23FE) of the Income Tax Act, 1961 to Foreign Wea.....
Tags : Central Board of Direct Taxes, Exemption to Foreign Wealth Funds and Pension Funds
IGST refunds on exports-extension in SB005 alternate mechanism(21.04.2020)
1. Kind reference is invited to Board's Circulars 08/2018-Cus dt 23.03.2018, 15/2018-Cus dt 06.06.2018, 22/2018-Cus dt 18.07.2018, 40/2018-Cus dt 24.1.....
Tags : IGST, Refunds, Exports-extension
Sebi Allows Mutual Funds & Portfolio Managers to Invest in Securities Listed in IFSC(29.05.2017)
Sebi has allowed portfolio manager operating in IFSC to invest in securities listed in IFSC, issued by companies incorporated in IFSC, issued by compa.....
Tags : Sebi, Mutual Funds & Portfolio Managers, IFSC
SC Dismisses Plea Seeking Allocation of Separate Funds for Judiciary(03.03.2021)
Supreme Court has dismissed for non prosecution a Public Interest Litigation filed seeking directions for allocation of separate and adequate funds fo.....
Tags : Supreme Court, Allocation of Separate Funds for Judiciary
Delhi HC: Income From Shares/ MFs Trades 'Capital Gain', If Treated as Investment in Past Years(17.05.2017)
Delhi High Court has held that income from trading in shares/mutual funds must be treated as ‘Capital Gain’ if Revenue has been treating the same as i.....
Tags : Delhi High Court, shares/mutual funds, capital gain
Delhi HC Pulls Up AAP Over Funds for Hiring Judicial Support Staff(28.10.2020)
Delhi High Court has pulled up the Aam Aadmi Party Government for making the subordinate judiciary “run from pillar to post” to get funds sanctioned f.....
Tags : Delhi High Court, Funds for Hiring Judicial Support Staff
Calcutta HC Directs Conduct of Enquiry into Alleged Misappropriation of Govt Scheme Funds(20.01.2022)
Calcutta High Court has directed the District Magistrate, South 24 Parganas to conduct an enquiry into the alleged misappropriation of funds allocated.....
Tags : Calcutta High Court, Alleged Misappropriation of Govt Scheme Funds
Madras HC: Public Service is Being Performed by Lawyers, They Cannot be Denied Funds(21.06.2024)
Madras High Court has stated that lawyers perform public services that are similar to those of public servants and the Government should ensure that p.....
Tags : Madras High Court, Public Services, Funds
SC Dismisses Mahua Moitra's Plea Challenging Exclusion of CM's Relief Fund from CSR(11.08.2020)
Supreme Court has dismissed plea filed by Mahua Moitra which challenged the Centre's circular which states that Chief Minister's Funds or State Relief.....
Tags : Supreme Court, Chief Minister's Funds
Delhi HC Directs AAP Government to Release Funds to Four DU Colleges(05.11.2020)
Delhi High Court has directed the Aam Aadmi Party government to release funds to four Delhi University colleges, fully funded by it, to enable them to.....
Tags : Delhi High Court, Delhi University, Release of Funds
Kerala HC: Funds for Tribal People Under Various Schemes Not to be Diverted(26.02.2021)
Kerala High Court has ordered that funds available under various schemes for tribal people should not be diverted in any manner and they should accord.....
Tags : Kerala High Court, Funds for Tribal People
Clarification on spending of CSR funds for setting up makeshift hospitals and temporary COVID Care facilities(22.04.2021)
In continuation to this Ministry's General Circular No. 10/2020 dated 23.03.2020 wherein it was clarified that spending of CSR funds for COVID-19 is a.....
Tags : Clarification, Spending, CSR funds
ITAT: Commission Earned on Distribution of Indian Mutual Fund Outside India is Not Taxable(10.06.2022)
Income Tax Appellate Tribunal (ITAT) has held that commission earned on distribution of Mutual Funds schemes of an Indian fund outside India cannot be.....
Tags : ITAT, Mutual Funds, Distribution
Madras HC Directs Fresh Inquiry into Allegations of Misappropriation of CSI Funds(02.02.2021)
Madras High Court has directed the Registrar of Companies to conduct a fresh inquiry into allegations of misappropriation, mismanagement and misfeasan.....
Tags : Madras High Court, Misappropriation of CSI Funds
Participation of Mutual Funds in Commodity Derivatives Market in India(21.05.2019)
1. A copy of the Gazette Notification No. SEBI/LAD-NRO/GN/2019/011 dated April 26, 2019 on Amendments to SEBI (Mutual Funds) Regulations, 1996 is encl.....
Tags : Participation, Mutual Funds, Commodity Derivatives Market
Govt: NRIs Not Having Indian Bank Accounts to get Income Tax Refund in Foreign Bank Account(26.07.2017)
Government has said that Income Tax Refunds will be credited to Foreign Bank Account also for Non-Residents who is not having bank account in India.
Tags : Income Tax Refunds
SEBI Issues Guidelines for Alternative Investment Funds Benchmarking(07.02.2020)
Securities and Exchange Board of India has issued guidelines for benchmarking the performance of alternative investment funds with a view to streamli.....
Tags : SEBI, Alternative Investment Funds
RBI Amends Investment, Trading Rules for Banks(26.09.2017)
Reserve Bank of India (RBI) has barred banks from investing in category III Alternative Investment Funds, specified norms for their participation in c.....
Tags : Reserve Bank of India, Alternative Investment Funds
Foreign Funds Case: Supreme Court Asks Indira Jaising, Anand Grover to Reply(14.11.2019)
Supreme Court has sought response from NGO Lawyers Collective and its founding members Anand Grover and Indira Jaising on a plea by the Central Bureau.....
Tags : Supreme Court, Foreign Funds Case
Circular on Mutual Funds(25.02.2016)
The Securities and Exchange Board of India released a circular on the treatment of unclaimed redemption and divided amounts. Some of the changes inclu.....
Tags : Mutual funds, unclaimed redemption, dividend amounts
Delhi HC Appoints Justice Sikri to Oversee Funds Utilization in ISSF Shooting World Cup 2023(20.01.2023)
Delhi High Court while appointing retired Supreme Court judge, Justice Arjan Kumar Sikri, as Administrator to oversee utilization of funds in upcoming.....
Tags : Delhi High Court, ISSF Shooting World Cup, Funds
RBI Announces Safeguards for Funds Raised via TLTRO Mechanism(16.04.2020)
Reserve Bank of India (RBI) has set a threshold on the deployment of funds raised by a bank through the Targeted Long Term Repo Operations (TLTRO) at .....
Tags : RBI, Safeguard for Funds
Byju’s Second Rights Issue for Raising Funds Halted by NCLT(14.06.2024)
National Company Law Tribunal has retrained ed-tech firm Byju’s from going ahead with the present rights issue which is in progress, till the disposal.....
Tags : NCLT, Byju’s, Raising Funds
Mad. HC: Surplus Funds of Temple Cannot be used to Construct Shopping Complexes(13.01.2025)
Madras HC has clarified that surplus funds of temple, which is a religious institution can be used only for the specified purposes and cannot be used .....
Tags : Madras High Court, Shopping Complexes, Surplus Funds
Delhi HC Seeks Government Reply on CAG Audit Citing Misuse of Workers’ Funds(15.07.2020)
Delhi High Court has asked the Aam Aadmi Party Government to reply to Comptroller and Auditor General’s audit findings on irregularities in a cess fun.....
Tags : Delhi High Court, Misuse of Workers’ Funds
Kerala High Court: Repayment of Misappropriated Funds Does Not End Criminal Prosecution(25.09.2025)
Kerala High Court held that repaying the misappropriated amount or its value in corruption cases does not end criminal prosecution. The court clarifie.....
Tags : Misappropriated Funds, Criminal Prosecution, Corruption