Tax Management India的动态

Change in timing for securities payout in the Activity schedule for T+1 Rolling Settlement: CIRCULAR SEBI/HO/MRD/MRD-PoD-2/P/CIR/2024/137 October 10, 2024 To All recognised Stock Exchanges All recognised Clearing Corporations All Recognised Depositories Dear Sir/ Madam, Sub: . 1. SEBI vide circular reference number SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2024/75 dated June 5, 2024 , has mandated that the pay-out of securities be credited directly to the client account by the Clearing Corporations (CC). 2. As prescribed in the aforementioned Circular, under Phase -1, the securities for pay-out ... ... ... https://dlvr.it/TFDgxD #TaxLaws #Circulars #TaxTMI

When a person purchases shares on the Stock Exchange, shares get credited by the clearing corporation to the pool account of the stock broker, who then credits the same to the respective client demat accounts. To avoid any possible misuse of client securities, SEBI has issued a draft circular which will mandate direct transfer of securities to client demat account #casushrutchitale #sebi #payin #payout #stockexchange

Monitoring of position limits for equity derivative segment: CIRCULAR SEBI/HO/MRD/MRD-PoD-2/P/CIR/2024/140 October 15, 2024 To All recognised Stock Exchanges All recognised Clearing Corporations Dear Sir/ Madam, Sub: 1 Para 1.3.2.3 and para 2.3.2.3 of Chapter 5 of the Master Circular on Stock Exchanges and Clearing Corporations (SECC), dated October 16, 2023 , specifies the overall position limit at the Trading member (TM) level (proprietary + client) to be higher of INR 500 crores or 15% of the total Open Interest (OI) in market. This position limit is... ... ... https://dlvr.it/TFMbVl #TaxLaws #Circulars #TaxTMI

Framework of “Financial Disincentives for Surveillance Related Lapses” at Market Infrastructure Institutions.: CIRCULAR SEBI/HO/ISD/ISD-PoD-1/P/CIR/2024/73 June 6, 2024 To, All Recognized Stock Exchanges, All Clearing Corporations, All Depositories, Madam/Sir, Sub.: Framework of Financial Disincentives for Surveillance Related Lapses at Market Infrastructure Institutions. 1. Market infrastructure Institutions (i.e. Stock Exchanges, Clearing Corporations and Depositories) are systemically important institutions for the development of the securities market. The role of surveillance at Market Infrastructur... ... ... https://dlvr.it/T7wDdy #TaxLaws #Circulars #TaxTMI

Introduction of Beta version of T+0 rolling settlement cycle on optional basis in addition to the existing T+1 settlement cycle in Equity Cash Markets: CIRCULAR SEBI/HO/MRD/MRD-PoD-3/P/CIR/2024/20 March 21, 2024 All Recognized Stock Exchanges All Recognized Clearing Corporations All Depositories Dear Sir/ Madam Subject: 1. SEBI vide Circular No. SEBI/HO/MRD2/DCAP/P/CIR/2021/628 dated September 07, 2021 allowed for introduction of T+1 rolling settlement cycle. All stock exchanges, clearing corporations and depositories (collectively referred to as Market Infrastructure Institutions (MIIs) ) jointly decided to shift to T+1 settlement cycle in a... ... ... https://dlvr.it/T4PNJQ #TaxLaws #Circulars #TaxTMI

#SEBI to introduce settlement scheme III on illiquid option cases (March 07 2024) SEBI proposed to introduce a third settlement schemes in the matter of trading activities of certain entities in the illiquid stock options segment of Bombay Stock Exchange (BSE). The Scheme would provide a settlement opportunity to all the entities that have executed reversal trades in the stock options in the period between April 01, 2014 and September 30, 2015, against whom proceedings have been initiated and are pending before any authority, SEBI said. The Scheme would commence on March 11, 2024 and end on May 10, 2024. After the scheme period expires, actions as per Securities laws would be continued against the entities who didn’t avail this opportunity for settlement. #companysecretary #companylaw #trademarks #fssai

Ease of Doing Business – Internet Based Trading for Stock Brokers: CIRCULAR SEBI/HO/MRD/TPD-1/P/CIR/2024/68 May 30, 2024 To All Stock Exchanges (Except Commodity Derivatives Exchanges) Sir/Madam, Ease of Doing Business Internet Based Trading for Stock Brokers 1. To improve ease of doing business and remove obsolete compliance requirements related to activities of Market Infrastructure Institutions (MIIs), inputs or suggestions were sought from various stakeholders. In this regard, there were requests pertaining to Internet Based Trading (IBT) from Industry Sta... ... ... https://dlvr.it/T7db2r #TaxLaws #Circulars #TaxTMI

Review of Stress Testing Framework for Equity Derivatives segment for determining the corpus of Core Settlement Guarantee Fund (Core SGF): CIRCULAR SEBI/HO/MRD/MRD-PoD-2/P/CIR/2024/131 October 01, 2024 To All Recognized Stock Exchanges All Recognized Clearing Corporations Sir/Madam, Subject: Background 1. SEBI vide Chapter 3 Master Circular No. SEBI/HO/MRD2/PoD-2/CIR/P/2023/171 dated October 16, 2023 , has, inter-alia, laid down guidelines for determining the credit exposure of Clearing Corporations (CCs) towards its participants. 2. In this regard, SEBI has specified the stress testing methodologies to be adopted for determining ... ... ... https://dlvr.it/TDxP22 #TaxLaws #Circulars #TaxTMI

Business Today featured a quote by Amar Ambani Executive Director YES SECURITIES in the story titled, 'T+0 settlement extension: Market participants say it is only a matter of time before it catches on'. It states Sebi has extended the settlement mechanism from 25 stocks earlier to 500 stocks now. Click here to read the full article: https://bit.ly/3BDzLel Disclaimer: https://bit.ly/3DZqs3K #YESSECURITIES?#ChoiceoftheWize?#thoughtleadership #YesInTheNews #MarketAnalysis #sebi

The #identification of #OTC #derivatives in #regulatory #reporting and #transparency / #CTP with modified #ISIN is of importance for the #buyside in order to streamline reporting processes, create #efficiency, and reduce #cost. Please join this webinar to hear the news directly from the #mouth of the #horse. Sassan Danesh Susan Yavari Felix Ertl Myriam Dana -Thom?