Category: Uncategorized

Decisions taken by the Council was for the government to lay down the rules for unregistered persons to file a refund application under GST. This decision was taken due to some transaction where an unregistered buyer had entered into a construction agreement or contract with a builder, but the said contract had been subsequently cancelled. Another situation could arise where long-term insurance policies are cancelled where the entire premium had been paid upfront. Who is take refund as an unregistered person -Unregistered person of construction services In this case, unregistered persons…

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RTA expands to Registrar and Transfer agents. RTAs help mutual fund companies with record maintenance. RTAs give investors a single-window reference for all their mutual fund investment-related information. They are private firms and are registered with the Securities and Exchange Board of India (SEBI) Registrar and Transfer Agents (RTAs) play a crucial role in the functioning of mutual funds. They are intermediaries responsible for maintaining investor records, processing transactions, and providing various support services to mutual fund investors. Here are two major well-known RTAs in India: CAMS (Computer Age Management…

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Further, to our earlier communication, request you to kindly guide your individual investors to update their nomination details in their respective folios for successful processing of their transactions and avoid any rejections at the RTA. The link shared by the RTAs wherein the investors can update the same directly are attached for your reference. Link for CAMS RTA to update the nomination in existing folios: https://www.camsonline.com/Investors/Service-requests/Nomination/Nomination-Opt-in_&_Opt-out Link for Kfintech RTA to update the nomination in existing folios: https://mfs.kfintech.com/investor/general/NCTNomineeUpdation#

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Dear Investor, With reference to the SEBI Circular “SEBI/HO/MIRSD/DoP/P/CIR/2022/46” dated April 06, 2022, where SEBI has granted an additional 15 days of timeline to the KRAs, from the original date of implementation [May 01, 2023] new guidelines are to be followed by KRAs (KYC Registration Agency) to validate the records of clients (existing as well as new) whose KYC has been completed using Aadhaar as an OVD (Officially valid document). As a part of the validation process, mobile number/email id available or registered in the KRA records for the investor(s) PAN must be validated…

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The linking of PAN (Permanent Account Number) with Aadhaar (Unique Identification Number) is mandatory for individuals in India. This requirement was introduced by the Indian government to curb tax evasion and ensure transparency in financial transactions. The government introduced this requirement to ensure transparency and prevent tax evasion. Currently 30 Jun 2023 is the last day to link your PAN & AADHAR. Here are we help to check the PAN & AADHAR link status and, if the not linked, then the process to link them. STEP 1 – To Link…

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