Section 154 of Finance Act 2018 [Section 154 of Finance Act 2018 deals with Amendment of section 23J and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 23J 154. In section 23J of the principal Act,— (i) for the marginal heading, the following marginal heading shall be substituted, namely:— “Factors to be taken into account while adjudging… Read More »
Section 153 of Finance Act 2018 [Section 153 of Finance Act 2018 deals with Amendment of section 23-I and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 23-I 153. In section 23-I of the principal Act, in sub-section (1), for the word ”shall”, the word ”may” shall be substituted. Finance Act 2018 : Assented by President :… Read More »
Section 152 of Finance Act 2018 [Section 152 of Finance Act 2018 deals with Insertion of new section 23GA and is covered in CHAPTER VIII MISCELLANEOUS] Insertion of new section 23GA 152. After section 23G of the principal Act, the following section shall be inserted, namely:— “23GA. Penalty for failure to conduct business in accordance with rules, etc.—Where a… Read More »
Section 149 of Finance Act 2018 [Section 149 of Finance Act 2018 deals with Amendment of section 23A and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 23A 149. In section 23A of the principal Act, in sub-clause (a), after the words “bye-laws of the recognised stock exchange”, the words “or who furnishes false, incorrect or incomplete… Read More »
Section 150 of Finance Act 2018 [Section 150 of Finance Act 2018 deals with Amendment of section 23E and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 23E 150. In section 23E of the principal Act, after the words “mutual fund”, the words “or real estate investment trust or infrastructure investment trust or alternative investment fund”, shall… Read More »
Section 148 of Finance Act 2018 [Section 148 of Finance Act 2018 deals with Amendment of section 23 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 23 148. In section 23 of the principal Act, in sub-section (1), in the long line, after the words “Adjudicating officer”, the words “or the Securities and Exchange Board of… Read More »
Section 147 of Finance Act 2018 [Section 147 of Finance Act 2018 deals with Amendment of section 12A and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 12A 147. In the Securities Contracts (Regulation) Act, 1956 (42 of 1956) (hereafter in this Part referred to as the principal Act), section 12A shall be numbered as sub-section (1)… Read More »
Section 146 of Finance Act 2018 [Section 146 of Finance Act 2018 deals with Commencement of this Part and is covered in CHAPTER VIII MISCELLANEOUS] PART VI AMENDMENTS TO THE SECURITIES CONTRACTS (REGULATION) ACT, 1956 Commencement of this Part 146. The provisions of this Part shall come into force on such date as the Central Government may, by… Read More »
Securities and Exchange Board of India CIRCULAR SEBI/HO/MIRSD/DOP1/CIR/P/2018/54 March 22, 2018 To, All recognized Stock Exchanges, Dear Sir / Madam, Sub: Circular on Prevention of Unauthorized Trading by Stock Brokers I. This master circular consolidates and updates the requirements/obligations with regard to Prevention of Unauthorized Trading by Stock Brokers prescribed by the following circulars: A. CIR/HO/MIRSD/MIRSD2/CIR/P/201… Read More »
DUE DILIGENCE AND REPORTING REQUIREMENTS UNDER FOREIGN ACCOUNT TAX COMPLIANCE ACT (FATCA) AND COMMON REPORTING STANDARDS (CRS) CIRCULAR NO.IMD/FPIC/CIR/P/2018/53, DATED 21-3-2018 1. This is in continuation of SEBI circulars No. CIR/MIRSD/2/2015 dated August 26, 2015 and No. CIR/MIRSD/3/2015 dated September 10, 2015wherein SEBI has informed all intermediaries regarding due diligence and reporting requirements under Rules 114F to 114H of… Read More »