Tuesday 27 September 2016

Daily Updates and News

SEBI

SEBI has issued a circular consolidating and updating norms and guidelines which will be applicable to all National Commodity Derivatives Exchanges (Exchanges). Erstwhile Forward Markets Commission (FMC) from time to time, had prescribed various norms and guidelines for National Commodity Derivatives Exchanges with respect to Investor Protection Fund (IPF) through various circulars which have been consolidated and updated in the said circular. The Circular provides for Constitution and Management of the IPF, Contributions to the IPF, Manner of filing/inviting claims from the Investors/Clients, etc. The circular is available on SEBI website under the category “Circulars” and “Info for Commodity Derivatives”

CBDT
               
CBDT has extended the working hours for all Principal Chief Commissioners of Income Tax across India to receive declarations of undisclosed income and assets under the Income Declaration Scheme, 2016 until 12:00 midnight of 30th September. In order to facilitate the declarants, who would like to file the declaration in paper form, Principal Chief Commissioners of Income Tax shall ensure that arrangements shall be made and the counters shall be functional up to midnight on 30th September, 2016.



Thanks & Regards,
CS Meetesh Shiroya

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