Daily digest for Gupta Chandan & Associates, on May 11, 2022

posted: "The SEBI has notified the SEBI (Collective Investment Schemes) (Amendment) Regulations, 2022. Amendments have been made in Regulation 2, 9, 9A, 9B, 14, 24, 30, 31, 32, 35 and Ninth Schedule. Now, an 'auditor' means a firm, including a LLP, constituted und" SEBI expands scope of term 'auditor'; allows LLPs to audit books of Cos. engaged in 'Collective Investment Schemes' May 11 The SEBI has notified the SEBI (Collective Investment Schemes) (Amendment) Regulations, 2022. Amendments have been made in Regulation 2, 9, 9A, 9B, 14, 24, 30, 31, 32, 35 and Ninth Schedule. Now, an 'auditor' means a firm, including a LLP, constituted under the LLP Act, 2008, who is eligible and qualified to audit the accounts […] Read more of this post Comment Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/sebi-expands-scope-of-term-auditor-allows-llps-to-audit-books-of-cos-engaged-in-collective-investment-schemes/ Powered by Jetpack

posted: "CBDT has notified transactions wherein it is mandatory for a person to obtain PAN. The board has notified new Rules 114BA amp; 114BB and amended Rule 114. A person, depositing/withdrawing cash aggregating to Rs. 20 lakh or more in a FY, with one or more b" CBDT mandates PAN for cash deposit/withdrawal of Rs. 20 lakh or more and opening of current amp; CC a/c May 11 CBDT has notified transactions wherein it is mandatory for a person to obtain PAN. The board has notified new Rules 114BA amp; 114BB and amended Rule 114. A person, depositing/withdrawing cash aggregating to Rs. 20 lakh or more in a FY, with one or more bank/post office, shall be required to apply for allotment of […] Read more of this post Comment Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/cbdt-mandates-pan-for-cash-deposit-withdrawal-of-rs-20-lakh-or-more-and-opening-of-current-amp-cc-a-c/ Powered by Jetpack

posted: "SEBI has granted recognition to NSDL Database Management Limited (NDML), a wholly-owned subsidiary of National Securities Depository Limited (NSDL) as an Accreditation Agency under SEBI (Alternative Investment Funds) Regulations, 2012. The recognition is " SEBI recognizes 'NSDL Database Management Limited' as an 'Accreditation Agency' under AIF regulations May 11 SEBI has granted recognition to NSDL Database Management Limited (NDML), a wholly-owned subsidiary of National Securities Depository Limited (NSDL) as an Accreditation Agency under SEBI (Alternative Investment Funds) Regulations, 2012. The recognition is granted for a period of 3 years with effect from May 10, 2022. SEBI further clarified that the renewal of the recognition […] Read more of this post Comment Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/sebi-recognizes-nsdl-database-management-limited-as-an-accreditation-agency-under-aif-regulations/ Powered by Jetpack

posted: "SEBI had earlier issued framework to enable verification of upfront collection of margins from clients in cash, derivatives segments. On the basis of the representation received, the SEBI has decided that margin requirements for intra-day snapshots, in de" SEBI revises framework for calculation of margin for intra-day snapshots in derivatives segment May 11 SEBI had earlier issued framework to enable verification of upfront collection of margins from clients in cash, derivatives segments. On the basis of the representation received, the SEBI has decided that margin requirements for intra-day snapshots, in derivatives segments (including commodity derivatives) shall be calculated based on fixed Beginning of Day (BOD) margin parameters. SEBI […] Read more of this post Comment Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/sebi-revises-framework-for-calculation-of-margin-for-intra-day-snapshots-in-derivatives-segment/ Powered by Jetpack

posted: "INCOME TAX : Review petition dismissed against impugned order of Supreme Court that where apart from consultancy charges received in OPD (outpatient department), remuneration had been paid by assessee-hospital from earnings of IPD (inpatient department) t" No Sec. 10(23C) exemption if fees charged by hospital are at par with other hospitals; SC dismissed review petition May 11 INCOME TAX : Review petition dismissed against impugned order of Supreme Court that where apart from consultancy charges received in OPD (outpatient department), remuneration had been paid by assessee-hospital from earnings of IPD (inpatient department) to doctors who may not be working in that department and furthermore rates being charged by assessee from patients were […] Read more of this post Comment Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/no-sec-1023c-exemption-if-fees-charged-by-hospital-are-at-par-with-other-hospitals-sc-dismissed-review-petition/ Powered by Jetpack