Ensuring Market Integrity: SEBI’s New Guidelines for Stockbrokers In a strategic move to reinforce the integrity of the securities market, the Securities and Exchange Board of India (SEBI) has mandated stockbrokers to develop an institutional framework aimed at identifying and mitigating fraud and market misconduct. This directive underscores SEBI’s unwavering commitment to fostering a secure and transparent trading environment, which is fundamental to investor confidence and market stability. Introduction to SEBI’s Directive SEBI, as the […]

Understanding the Implications of Including Overseas Credit Card Expenditure Under the LRS Limit Current Status and Potential Changes As of now, overseas expenditures made through credit cards are exempt from the Liberalised Remittance Scheme (LRS) limits prescribed by the Reserve Bank of India (RBI). However, recent discussions indicate potential shifts that could integrate such spending into the LRS framework. Businesses should be aware that these changes might entail a mandatory Tax Collected at Source (TCS) […]

Simplifying Investments: The Rise of Sebi’s Hybrid Passive Funds Empowering Your Portfolio with Diversity The Securities and Exchange Board of India (Sebi) is introducing a groundbreaking way for investors to diversify their investment portfolios. Through three new categories of hybrid passive funds — each with a distinct focus on debt, equity, and a balanced approach — Sebi is reshaping investment strategies. Here’s how each category breaks down: Debt-Oriented Funds: These funds invest primarily in debt, […]

Navigating Change: SEBI’s New Circular and Its Impact on Brokerage Firms In a transformative move by the Securities and Exchange Board of India (SEBI), the recent directive aimed at Market Infrastructure Institutions (MIIs)—including stockbrokers, depository participants, and clearing members—mandates the adoption of a uniform charge system. This decisive action endeavors to promote equitable access across the market landscape, altering the dynamic for brokerage firms significantly. Understanding the SEBI Circular Uniform Charging Policy: SEBI now requires […]

Budget 2024 Expectations: Crypto Industry’s Plea for Progressive Measures Introduction to Industry’s Anticipation As the fiscal year advances, the attention of the crypto industry has firmly shifted towards the forthcoming Union Budget 2024. Stakeholders across the sector are positioning for pivotal reforms that could significantly alter the competitive landscape and future growth trajectory. Crucial Amendments Sought by the Crypto Sector 1. Reconfiguration of Taxation Policies Reduction of Tax Deducted at Source (TDS): An imperative revision, […]