Authorized Persons of Brokers not exempt from SEBI RIA Registration  Only firms with RIA registration may offer financial advising services under the Sebi Registered Investment Advisor requirements. The Sebi RIA rules exclude ‘brokers and sub-brokers’ from registration but are vague on authorised people. A new Sebi ruling has called into question the eligibility of ‘Authorised Persons’ or APs to provide financial advice services. Only firms with RIA registration may offer financial advising services under the […]

SGX Nifty is now Gift Nifty. Timings, how to check data & key changes explained   Synopsis As the $7.5 billion derivative trade switches from the Singapore Exchange to the NSE International Exchange (NSE IX) in Gandhinagar, India, the SGX Nifty futures contracts have been renamed as Gift Nifty. NSE MD and CEO Ashish Chauhan feels that this action would establish the morning pricing for India and is beneficial to non-resident players owing to tax […]

A $7.5 billion derivative trade shifts to India as SGX feud ends Synopsis As a cross-border trading connection between the two nations’ leading bourses becomes completely operational, derivative contracts worth $7.5 billion transacted in Singapore will be transferred to India. The move demonstrates India’s success in drawing trade from global financial centres such as Dubai, Mauritius, and Singapore. The disagreement between the National Stock Exchange of India and the Singapore Exchange over single-stock futures trading […]

Understanding Form 10BE: Authentication of Philanthropy for Tax Deduction In the realm of Indian taxation, Form 10BE has become a prominent topic for its pivotal role in substantiating the authenticity of contributions made to various not-for-profit entities. This form assumes great significance for those who engage in charitable giving and aim to benefit from deductions available under Section 80G of the Income Tax Act, 1961. Let’s delve deeper to understand the intricacies of Form 10BE […]

All GST registered businesses will now have to geocode their addresses: GSTN .. GST Network has geocoded 1.8 crore addresses of registered businesses to veri verify genuine registrations and provide accurate data in GSTN records. geocoding in a couple of states GST Network on Friday said it has geocoded 1.8 crore addresses registered businesses and the functionality is now live for all states and UTs. Geocoding will help in finding out the exact location of […]