Reinvestment of OPI Proceeds accruing due to sale of shares acquired under ESOP
What is Overseas Portfolio Investment (OPI) ? As per the Foreign Exchange Management (Overseas Investment) Rule, 2022, “Overseas Portfolio Investment” or “OPI” means investment, other than ODI, in foreign securities, but not in any unlisted debt instruments or any...
AIF Update : SEBI Board Meeting on 25th November 2023
Investment by AIF in dematerialised format (post Sept. 2024) AIFs while making an investment in a portfolio company post September, 2024 to ensure that such investment to be held in dematerialised form.Provided, existing investments made by AIFs have been exempted...
MCA General Circular clarifying that AGM’s can be conducted via Video Conference (VC).
The Ministry of Corporate affairs have come up with a General Circular No. 09/2023 issued on 25th September, 2023 clarifying that AGM’s can be conducted via Video Conference (VC). The General circular (No. 09/2023) issued by the Ministry of Corporate Affairs on 25th...
SEBI Circular – Regulatory Reporting by AIFs
SEBI Circular No.: SEBI/HO/AFD/SEC-1/P/CIR/2023/0155 dated September 14, 2023SEBI Reporting File Format : Download here In terms of Regulation 28 of SEBI (AIF) Regulations, 2012 read with Clause 15.1 of SEBI Master Circular for AIFs dated July 31, 2023, AIFs shall...
Tax Collected at Source (TCS) under Liberalised Remittance Scheme (LRS) – (Part 2 of 2)
(with focus on Investment in listed entity overseas and GIFT City) Applicability of TCS on Overseas Investment For purposes of investment in overseas listed entities and in GIFT city ParticularsDetailsResponsibility ofcollection of TCSOn every person who is a...
Tax Collected at Source (TCS) under Liberalised Remittance Scheme (LRS) – (Part 1 of 2)
(Focus on Overseas Tour Package, Education and Medical purposes) What is Liberalised Remittance Scheme (LRS) The Liberalised Remittance Scheme (LRS) is a scheme under Foreign Exchange Management Act (FEMA) 1999 which lays down the guidelines for outward remittance...
Condonation of Delay for LLPs in Form 3, Form 4 and Form 11
The MCA has for Limited Liability Partnerships (LLPs) introduced a Condonation of Delay scheme through Circular No. 08/2023 ("Circular") dated 23rd August 2023This scheme offers relaxation to LLPs (Limited Liability Partnerships)...
Master Circular on Alternative Investment Funds (AIFs)
The Securities and Exchange Board of India (SEBI) introduced on 31st July 2023, a Master Circular dedicated to Alternative Investment Funds (AIFs). This comprehensive document consolidates and encapsulates the regulatory framework and guidelines pertinent to AIFs,...
TCS on Sale of Goods
September 10, 2020 / Income Tax, TCS, TDS
Lower Tax Deduction Certificate
Inside this Article Introduction What is Lower Tax Deduction Certificate Need for Lower TDS Application Who is Eligible to Apply Online Application Process Usage and Validity of Certificate Timeline for Application Modification of Certificate Practical Issues and...