The Securities and Exchange Board of India (SEBI) has come out with a framework for segregation and monitoring of collateral at client level. The regulator said the move is aimed at strengthening the mechanism of protection of client collateral from misuse and default of brokers. There has been several instances in the recent past of brokers defaulting and misusing clients securities and funds. SEBI said clearing corporations should specify a reporting mechanism that would provide […]

PSARA License Today Security is the Big issue. Every Body in India who is having name and fame needs security guard or boxers or body guard for there personal or for family. Even Companies , Industries and war houses needs security. Now to manage this security individual or company use to hire security guard from security agency.This Security agency needs to follow certain government norms and policy. As Crime is increasing, There is huge demand […]

If the taxpayer cannot pay all the GST dues (tax/interest/penalty) in a lump sum or within the stipulated date, then he can file an application to the Commissioner requesting to pay in installments. The Commissioner can extend the due date for payment or allow the taxpayer to pay in installments. The reasons for accepting/rejection of such application have to be provided in writing. When paying in installments, the taxpayer has to remember that: Installments are payable every […]

The Reserve Bank of India said the new valuation norms for the perpetual additional tier 1 (AT-1) bonds of banks has led to distortions in the market. The market regulator Securities & Exchange Board of India introduced a standardised valuation regime for such perpetual bonds from April this year after concerns were raised on the pricing of AT-1 bonds. Following this, RBI analysed the bond prices of one large public sector bank and one large […]

The Reserve Bank of India has formalised the framework for payment companies outsourcing payment and settlement related activities to third party operators. The central bank’s fresh guidelines come at a time when India’s tech ecosystem has seen several high-profile cyber attacks such as those at Juspay, Upstox and Mobikwik over last year targeting customers’ payments data. As per the new rules, licensed non-bank Payment System Operators (PSOs), cannot outsource core management functions, including internal audits, […]