Understanding KYC: A Tool for Fraud Prevention, Not a Nuisance Introduction to KYC and its Historical Context KYC, or Know Your Customer, serves a critical role in safeguarding the financial system from fraudulent activities, an intent that has been paramount since the evolution of banking systems. Up until the 1990s, opening a bank account in India typically required a referral, leveraging one’s social reputation as a guarantee of their financial responsibility. This method, however, became […]

RBI’s Framework for SROs: Elevating Financial Market Standards At Estabizz Fintech Private Limited, our commitment is to demystify and navigate complex financial regulations for global businesses. Among these, the Reserve Bank of India’s (RBI) framework for Self-Regulatory Organizations (SROs) is pivotal for firms operating in or entering the Indian financial markets. Let’s delve into the key regulations of the RBI’s framework, ensuring clarity and empowering your business with the knowledge to leverage these directives effectively. […]

Assessing the Shift: PMS Investors Eyeing Focused Funds Post New Tax Amendments In the wake of recent tax changes pronounced in the Union Budget for 2024-25, investors rooted in Portfolio Management Services (PMS) are standing at a pivotal crossroads. The increased tax on long-term capital gains (LTCG) and short-term capital gains (STCG) heralds a new era of challenges and strategic recalibrations for PMS investors. At Estabizz Fintech Private Limited, we aim to demystify these complexities, […]

Sebi’s Strategic Move Towards Simplifying Rights Issues Introduction to Sebi’s Proposal: The Securities and Exchange Board of India (Sebi) has taken a significant step towards streamlining the process of fundraising through rights issues. With an aim to expedite and simplify this mechanism, Sebi has introduced a series of proposed changes that mark a progressive shift in the regulatory landscape. This initiative underscores Sebi’s commitment to making rights issues a more attractive and efficient avenue for […]

Focusing on Genuine Tax Evasion: A Priority for Tax Officials In a recent gathering in New Delhi, the second edition of the ‘National Conference of Enforcement Chiefs of State and Central GST Formations’ unfolded, highlighting a critical avenue for the Indian tax administration’s path forward. With valuable insights shared by senior finance ministry officials, the directive was clear: Focus on Real Tax Evasion, Not Issues Prone to Interpretation, Tax Officials Told. This emphasis marks a […]