What is Credit Control Area in SAP ?

<p> <span class="break-words tvm-parent-container"><span dir="ltr"><span><br /></span><span><br /></span>Credit Control Area is used for controlling the credit limit for customers.</span></span></p>

What is Credit Control Area in SAP ?

  Credit Control Area is used for controlling the credit limit for customers.

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What is Business Area in SAP?

<p> <span class="break-words tvm-parent-container"><span dir="ltr"><span><br /></span><span><br /></span>A Business Area in SAP is an organizational unit used for internal financial reporting, especially when a company has multiple business segments or product lines.</span></span></p>

What is Business Area in SAP?

  A Business Area in SAP is an organizational unit used for internal financial reporting, especially when a company has multiple business ...

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Difference between Company & Company Code

<p> <span class="break-words tvm-parent-container"><span dir="ltr">Company is basically representing the group company. Company is the highest organization unit used for consolidation and reporting.<span><br /></span><span><br /></span>Company code is basically subsidiary of Group Company. It represents the legal entity of the organization. Company code is used to generate the individual financial statement like profit & loss Account and Balance sheet.</span></span></p>

Difference between Company & Company Code

  Company is basically representing the group company. Company is the highest organization unit used for consolidation and reporting. Comp...

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SUPPLIERS (CREDITORS) RECONCILIATION

<iframe frameborder="0" height="270" src="https://youtube.com/embed/VG1BEcCwzxY" width="480"></iframe><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div>Download Practice File -<a href="https://drive.google.com/drive/folders/1t-VaXCpkbU5Gn_SePrvoKm4vXYa9utAR?usp=sharing" rel="nofollow" target="_blank">Supplier Reconciliation</a></div>

SUPPLIERS (CREDITORS) RECONCILIATION

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SUNDRY CREDITORS AGING IN TALLY

<div><br /></div><div><iframe frameborder="0" height="270" src="https://youtube.com/embed/MtEtZSy7OPA" width="480"></iframe><br /></div><a href="https://youtu.be/MtEtZSy7OPA" target="_blank">CREDIT AGING IN TALLY</a>

SUNDRY CREDITORS AGING IN TALLY

CREDIT AGING IN TALLY

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SUNDRY DEBTORS AGING IN TALLY

<iframe frameborder="0" height="270" src="https://youtube.com/embed/H1mBcS7X1xg" width="480"></iframe><div><br /></div><div><div class="separator" style="clear: both; text-align: center;"><br /></div><br /><h2 style="text-align: left;"><a href="https://youtu.be/H1mBcS7X1xg" target="_blank">CLICK FOR WATCH SUNDRY DEBTORS AGING VIDEO </a></h2></div>

SUNDRY DEBTORS AGING IN TALLY

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AD IN POST

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FRAMEWORK FOR MONITORING OF FOREIGN HOLDING IN DEPOSITORY RECEIPTS

<div class="ft-page-content" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="background-color: white; box-shadow: none !important; box-sizing: border-box; color: #222222; font-family: georgia, serif; font-size: 16px;"><span class="pf-candidate" orig-style="null" style="box-shadow: none !important; box-sizing: border-box;"><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px; text-align: center;"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">CIRCULAR</span></span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">SEBI/HO/MRD/DCAP/CIR/P/2020/190</span></span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">October 01, 2020</span></span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">To,</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">1. All recognized Stock Exchanges</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">2. All recognized Depositories</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">3. All recognized Custodians</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">Dear Sir / Madam,</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">Subject: Framework for monitoring of foreign holding in Depository Receipts</span></span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">1. The framework for issuance of Depository Receipts (‘DRs’) by a Listed Company was notified by SEBI vide Circular dated October 10, 2019</span><u data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">.</span></u></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">2. The said Circular, at Para 2.19 to 2.21, inter-alia, provided the obligations of Indian Depository and Domestic Custodian, whereby, Indian Depositories were required to develop a system to monitor the foreign holding, including that held by way of DRs, as per the limits prescribed under the Foreign Exchange Management Act, 1999 and applicable SEBI Regulations, and disseminate the information regarding outstanding DRs and available limit for conversion. For this purpose, the Circular provided that Indian Depositories shall have necessary arrangement with the Domestic Custodian and / or Foreign Depository.</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">3. Based on discussion with market participants, the broad operational guidelines for the above purpose are placed at Annexure. Indian Depositories, in consultation with each other and market participants, may prescribe the formats and other details, as may be necessary to operationalize the above.</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">4. Stock Exchanges and Depositories are advised to:</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">a) make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above circular; and</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">b) bring the provisions of this circular to the notice of the issuers, Domestic Custodians and also to disseminate the same on the website.</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">5. This circular is being issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992.</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">Yours faithfully,</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">Sudeep Mishra</span></span><br data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box;" /><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">General Manager</span></span><br data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box;" /><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">+91-22-26449365</span></span><br data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box;" /><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><u data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">sudeepm</span></u></span><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">@sebi.gov.in</span></span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">Annexure</span></span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">1. Listed Company shall appoint one of the Indian Depository as the Designated Depository for the purpose of monitoring of limits in respect of Depository Receipts.</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">2. The Designated Depository in co-ordination with Domestic Custodian, other Depository and Foreign Depository (if required) shall compute, monitor and disseminate the Depository Receipts (DRs) information as prescribed in the framework. The said information shall be disseminated on website of both the Indian Depositories. For this purpose, the Designated Depository shall act as a Lead Depository and the other depository shall act as a Feed Depository.</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">3. Domestic Custodian shall:</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">3.1. Provide one-time details of DRs in the format and manner as may be prescribed by the Indian Depositories.</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">3.2. Provide the requisite information as may be prescribed by Designated Depository for the purpose of computation of information in respect of Depository Receipts as and when requested.</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">3.3. Ensure that the underlying permissible securities, pertaining to a listed company, against which DRs are issued in the Permissible Jurisdiction, are held in a demat account, under a separate Type & Sub-Type as prescribed by the Indian Depositories for the purpose of issue of DRs.</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">3.4. Provide certificate / declaration / information, to the Designated Depository in the prescribed format upon termination/cancellation of DR program. For this, the issuer or Foreign Depository shall be required to report such termination / cancellation to the Domestic Custodian.</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">4. Procedure for the purpose of monitoring of limits</span></span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">4.1. The Designated Depository shall forward the list of such companies (ISINs) for which it will be monitoring the DR issuance to Feed Depository. For any addition or deletion of ISINs, the Designated Depository shall communicate to the Feed Depository regarding the same through Incremental information sent on a periodic basis.</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">4.2. Feed Depository shall provide the ISIN wise demat holdings of investors tagged with separate sub-type to the Designated Depository on a daily basis.</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">4.3. The Designated Depository shall ascertain the details of holdings pertaining to Foreign Depository lying under demat account(s) tagged under such separate Type & Sub-Type as well as other investors with ‘DR’ sub type held at both depositories and consolidate such holdings to arrive at the outstanding Permissible Securities against which the DRs are outstanding.</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">4.4. Calculation of headroom i.e. ‘the limit up to which Permissible Securities can be converted to DRs’, may be undertaken in the following manner:</span></p><table data-pf_style_display="table" data-pf_style_visibility="visible" orig-style="null" style="border-collapse: collapse; box-shadow: none !important; font-family: Arial, Helvetica, sans-serif; margin: 1rem 0px; max-width: 100%; overflow: hidden; table-layout: auto; width: 496px;"><tbody data-pf_style_display="table-row-group" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box;"><tr data-pf_style_display="table-row" data-pf_style_visibility="visible" orig-style="null" style="border-bottom: 1px solid rgb(142, 142, 142); box-shadow: none !important; box-sizing: border-box;"><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="141"> </td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="419"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">Particulars</span></span></td></tr><tr data-pf_style_display="table-row" data-pf_style_visibility="visible" orig-style="null" style="border-bottom: 1px solid rgb(142, 142, 142); box-shadow: none !important; box-sizing: border-box;"><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="141"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">(A)</span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="419"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">Number of DRs originally issued including corporate action</span></td></tr><tr data-pf_style_display="table-row" data-pf_style_visibility="visible" orig-style="null" style="border-bottom: 1px solid rgb(142, 142, 142); box-shadow: none !important; box-sizing: border-box;"><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="141"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">(B)</span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="419"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">Outstanding Permissible Securities against which the DRs are outstanding</span></td></tr><tr data-pf_style_display="table-row" data-pf_style_visibility="visible" orig-style="null" style="border-bottom: 1px solid rgb(142, 142, 142); box-shadow: none !important; box-sizing: border-box;"><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="141"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">(C)</span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="419"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">Re-issuance approval granted by Domestic Custodian (unutilized) at End of Day</span></td></tr><tr data-pf_style_display="table-row" data-pf_style_visibility="visible" orig-style="null" style="border-bottom: none; box-shadow: none !important; box-sizing: border-box;"><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="141"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">Headroom =</span><br data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box;" /><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">A </span></span><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">– </span></span><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">(B + C)</span></span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="419"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">the limit up to which Permissible Securities can be converted to DRs</span></span></td></tr></tbody></table><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">4.5. The Indian Depositories shall exchange with each other their respective list of companies, for dissemination of DR headroom related information, which shall be consolidated by both depositories and thereafter published on their respective websites.</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">5. Re-issuance mechanism</span></span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">5.1. For the purpose of re-issuance of permissible securities, a Foreign Investor shall request SEBI registered Broker with requisite quantity of securities (based on available headroom) required for re-issuance of depository receipts which shall be forwarded to the Domestic Custodian.</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">5.2. Based on last available headroom disseminated by Designated Depository, the Domestic Custodian shall grant approval (</span><em data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">T- day where T is date of approval granted by Domestic Custodian</span></em><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">) to such request received from SEBI registered Broker for re-issuance purpose which shall be valid for a period of 3 trading days (T+3) from the date of approval of request granted by Domestic Custodian.</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">5.3. The Domestic Custodian shall report such request approvals along with requisite quantity granted to Designated Depository on same day (i.e. T day) and based on which the Designated Depository shall block the quantity for the purpose of calculation of Headroom.</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">5.4. The Domestic Custodian shall report the status of utilisation of such approved request to the Designated Depository upon receipt of securities in the demat account of Foreign Depository for the purpose of calculation of Headroom. The domestic custodian shall report the final utilisation status of such approved request with respect to receipt of securities on D+1 basis (where D is a date of credit of security in the Foreign Depository’s account) before such time as may be prescribed by Designated Depository. In case of non-receipt of securities within the specified timeline, Custodian shall unblock the requisite quantity of approval granted and report the same to Designated Depository.</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">6. Monitoring of Investor group limits</span></span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">6.1. FPI shall report the details of all such FPIs forming part of the same investor group as well as Offshore Derivative Instruments (ODI) subscribers and / or DR holders having common ownership, directly or indirectly, of more than fifty percent or on the basis of common control, to its Designated Depository Participant (DDP). The investor group may appoint one such FPI to act as a Nodal entity for reporting the aforesaid grouping information to its DDP in the format enclosed at </span><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">Annexure A</span></span><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">. Further, such Nodal FPI shall report the investment holding in the underlying Indian security as held by ODI subscriber and / or as DR holder, including securities held in the Depository Receipt account upon conversion (‘DR conversion’ account), to its Domestic Custodian on a monthly basis (by the 10</span><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-size: 12px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">th</span></span><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;"> of every month) in the format enclosed at </span><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">Annexure B</span></span><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">. Similarly, the FPIs who do not belong to the same investor group shall report such investment holding details in the underlying Indian security as ODI subscriber and / or as DR holder, including securities held in the ‘DR conversion’ account, to its Custodian in the aforesaid format on a monthly basis (by 10</span><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-size: 12px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">th</span></span><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;"> of the month).</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">6.2. The DDP shall report FPI grouping information as reported by Nodal FPI to such Indian Depository (by 17</span><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-size: 12px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">th</span></span><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;"> of the month) where FPI group demat accounts are held in the manner and format as specified by such Indian Depository. Similarly, the Custodian of Nodal entity (who also happen to be the DDP) shall report the investment holdings in the underlying Indian security as held by the ODI subscriber and / or DR holder in respect of the aforesaid FPI group on monthly basis to such Indian Depository (by 17</span><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-size: 12px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">th</span></span><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;"> of the month) where FPI group demat accounts are held in the manner and format as specified by such Indian Depository.</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">6.3. The Depository which monitors the FPI group limits shall club the investment pertaining to DR holding, ODI holding and FPI holding of same investor group and monitor the investment limits as applicable to FPI group in a Listed Indian company on a monthly basis. However, in respect of FPIs which do not belong to the same investor group, responsibility of monitoring the investment limits of FPI shall be with the respective DDP / Custodian. The Custodian of such FPIs not forming part of investor group shall club the investment as held by FPIs as well as investment as held by such FPI in the capacity of ODI subscriber and / or DR holder and monitor the investment limits as applicable to single FPI. In case where the investment holding breaches the prescribed limits, the Indian Depository / Custodian, as the case may be, shall advise the concerned investor / investor group, to divest the excess holding within 5 trading days similar to requirement prescribed under SEBI Circular dated November 05, 2019 on ‘Operational Guidelines for FPIs & DDPs under SEBI (Foreign Portfolio Investors), Regulations 2019 and for Eligible Foreign Investors.</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">Annexure </span></span><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">– </span><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">A</span></span></p><table data-pf_style_display="table" data-pf_style_visibility="visible" orig-style="null" style="border-collapse: collapse; box-shadow: none !important; font-family: Arial, Helvetica, sans-serif; margin: 1rem 0px; max-width: 100%; overflow: hidden; table-layout: auto; width: 549px;"><tbody data-pf_style_display="table-row-group" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box;"><tr data-pf_style_display="table-row" data-pf_style_visibility="visible" orig-style="null" style="border-bottom: 1px solid rgb(142, 142, 142); box-shadow: none !important; box-sizing: border-box;"><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="41"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">Sr. No.</span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="72"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">Name of reporting FPI (Nodal Entity)</span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="90"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">Regi-stration No. of Re-porting FPI (Nodal Entity) men-tioned in column B</span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="84"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">Name of FPI / ODI Subs-criber with whom the ap-plicant shares, own-ership of more than 50% common control</span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="78"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">Type of Client viz. FPI or ODI subsc-riber or DR holder</span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="90"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">Regist-ration No. of FPI mentioned at Column D</span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="77"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">LEI No. of entity ment-ioned at Column D (for ODI sub-scriber or DR holder)</span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="59"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">If ODI sub-scri ber, please me-ntion name of dea-ling FPI</span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="58"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">Jurisdic tion / Cou-ntry of entity men-tion ed at Col-umn D</span></td></tr><tr data-pf_style_display="table-row" data-pf_style_visibility="visible" orig-style="null" style="border-bottom: 1px solid rgb(142, 142, 142); box-shadow: none !important; box-sizing: border-box;"><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="41"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">A</span></span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="72"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">B</span></span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="90"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">C</span></span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="84"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">D</span></span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="78"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">E</span></span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="90"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">F</span></span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="77"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">G</span></span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="59"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">H</span></span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="58"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">I</span></span></td></tr><tr data-pf_style_display="table-row" data-pf_style_visibility="visible" orig-style="null" style="border-bottom: none; box-shadow: none !important; box-sizing: border-box;"><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="41"> </td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="72"> </td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="90"> </td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="84"> </td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="78"> </td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="90"> </td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="77"> </td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="59"> </td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="58"> </td></tr></tbody></table><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">Annexure </span></span><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">– </span><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">B</span></span></p><table data-pf_style_display="table" data-pf_style_visibility="visible" orig-style="null" style="border-collapse: collapse; box-shadow: none !important; font-family: Arial, Helvetica, sans-serif; margin: 1rem 0px; max-width: 100%; overflow: hidden; table-layout: auto; width: 556px;"><tbody data-pf_style_display="table-row-group" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box;"><tr data-pf_style_display="table-row" data-pf_style_visibility="visible" orig-style="null" style="border-bottom: 1px solid rgb(142, 142, 142); box-shadow: none !important; box-sizing: border-box;"><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="49"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">Sr.</span><br data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box;" /><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">No.</span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="59"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">Name of reportin g FPI (Nodal Entity)</span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="78"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">Reg-istratio n No. of Rep-orting FPI (Nodal Entity) me-ntioned in col-umn B</span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="84"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">Name of</span><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">ODI Sub-scriber or DR holder having inve-stment in Indian Sec-urities through ODI or DR route</span></p></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="60"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">LEI No. of ODI subscrib er or DR holder men-tion ed at Col-umn</span><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">D-</span></p></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="59"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">ISIN of the Ind-ian Sec-urity</span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="61"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">ISIN Desc-ripti on or name of the sec-urity</span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="72"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">Qua-ntity of secu-rities held (in ratio as being held in India)</span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="61"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">Value of sec-uritie s held</span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="61"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">As on date (DD-MMM-</span><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">YYYY)</span></p></td></tr><tr data-pf_style_display="table-row" data-pf_style_visibility="visible" orig-style="null" style="border-bottom: 1px solid rgb(142, 142, 142); box-shadow: none !important; box-sizing: border-box;"><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="49"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">A</span></span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="59"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">B</span></span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="78"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">C</span></span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="84"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">D</span></span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="60"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">E</span></span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="59"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">F</span></span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="61"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">G</span></span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="72"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">H</span></span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="61"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">I</span></span></td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="61"><span data-pf_style_display="inline" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; font-weight: bolder;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">J</span></span></td></tr><tr data-pf_style_display="table-row" data-pf_style_visibility="visible" orig-style="null" style="border-bottom: none; box-shadow: none !important; box-sizing: border-box;"><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="49"> </td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="59"> </td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="78"> </td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="84"> </td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="60"> </td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="59"> </td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="61"> </td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="72"> </td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="61"> </td><td class="added-to-list1" data-pf_style_display="table-cell" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; overflow-wrap: break-word; padding: 0.5rem; vertical-align: top; width: auto;" width="61"> </td></tr></tbody></table><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">Note</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">1. Reference ISIN No. – ISIN of the underlying Indian Security (ISINs issued by NSDL for underlying security).</span></p><p class="added-to-list1 pf-delete" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; color: rgba(179, 151, 15, 0.7); cursor: pointer; margin-bottom: 1rem; margin-top: 0px; position: relative;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box; cursor: pointer; position: relative;">2. The quantity of securities in the requisite ISIN / or Indian Security shall be reported in the ration as being held in India.</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">3. The securities shall be reported as at the end of the month.</span></p><p class="added-to-list1" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="box-shadow: none !important; box-sizing: border-box; margin-bottom: 1rem; margin-top: 0px;"><span class="text-node" style="box-shadow: none !important; box-sizing: border-box;">4. For the purpose of valuation, the closing price of such security as at the end of the month in India be considered for the computation of value of securities held.</span></p></span></div><hr class="" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="background-color: white; border-bottom: 0px; border-image: initial; border-left: 0px; border-right: 0px; border-top-color: rgb(221, 221, 221); border-top-style: solid; box-shadow: none !important; box-sizing: content-box; clear: both; color: #222222; font-family: georgia, serif; font-size: 16px; height: 0px; margin-bottom: 1rem; margin-top: 1rem; overflow: visible;" /><div class="row" data-pf_style_display="block" data-pf_style_visibility="visible" orig-style="null" style="background-color: white; box-shadow: none !important; box-sizing: border-box; color: #222222; flex-wrap: wrap; font-family: georgia, serif; font-size: 16px; margin-left: 0px; margin-right: 0px;"></div><p> </p>

FRAMEWORK FOR MONITORING OF FOREIGN HOLDING IN DEPOSITORY RECEIPTS

CIRCULAR SEBI/HO/MRD/DCAP/CIR/P/2020/190 October 01, 2020 To, 1. All recognized Stock Exchanges 2. All recognized Depositories 3. All recogn...

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MSME REGISTRATION TO NEW UDYAM PORTAL MANDATORY

<p> <span style="background-color: white; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 18px;"> </span><strong style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 18px; max-width: 100%; overflow-wrap: break-word !important; text-align: justify;"><span face=""Calibri","sans-serif"" lang="EN-IN" style="max-width: 100%; overflow-wrap: break-word !important;">New online system of MSME/Udyam Registration launched by Union MSME Ministry, w.e.f. 1st July, 2020, has stood the test of Time & Technology as more than 11 lakh MSMEs have successfully registered themselves by now.</span></strong></p><p style="background-color: white; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 18px; max-width: 100%; overflow-wrap: break-word !important; text-align: justify;"><span face=""Calibri","sans-serif"" lang="EN-IN" style="max-width: 100%; overflow-wrap: break-word !important;">It may be stated that Ministry of MSME had revised the definition of MSMEs and the process of registration w.e.f. 1st July, 2020. <strong style="max-width: 100%; overflow-wrap: break-word !important;">It also launched a <a href="https://www.simpletaxindia.net/2020/11/(https://udyamregistration.gov.in" style="color: red; cursor: pointer; max-width: 100%; overflow-wrap: break-word !important;">new portal for MSME/Udyam registration</a> </strong></span><strong style="max-width: 100%; overflow-wrap: break-word !important;"><span face=""Calibri","sans-serif"" lang="EN-IN" style="max-width: 100%; overflow-wrap: break-word !important;">). Since then, the portal is working smoothly.  In a major first, this portal is seamlessly integrated with CBDT and GST networks  as also with the GeM. It may be noted that through this integration, now MSME registration is a totally paperless exercise. </span></strong></p><p style="max-width: 100%; overflow-wrap: break-word !important; text-align: justify;"><strong style="max-width: 100%; overflow-wrap: break-word !important;"><span face=""Calibri","sans-serif"" lang="EN-IN" style="max-width: 100%; overflow-wrap: break-word !important;">Definition of MSME</span></strong></p><p style="box-sizing: border-box; font-family: "Source Sans Pro", -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol"; font-size: 16px; font-weight: 600; margin: 0px 0px 1rem; max-width: 100%; overflow-wrap: break-word !important; padding: 0px;">An enterprise shall be classified as a micro, small or medium enterprise on the basis of the following criteria, namely: --</p><ul style="box-sizing: border-box; color: #444444; font-family: "Source Sans Pro", -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol"; font-size: 16px; line-height: 20px; list-style: none; margin: 0px 0px 1rem; max-width: 100%; overflow-wrap: break-word !important; padding: 0px;"><li style="box-sizing: border-box; list-style: none; margin: 0px; max-width: 100%; overflow-wrap: break-word !important; padding: 0px 0px 14px;">(i) a micro-enterprise, where the investment in plant and machinery or equipment does not exceed one crore rupees and turnover does not exceed five crore rupees;</li><li style="box-sizing: border-box; list-style: none; margin: 0px; max-width: 100%; overflow-wrap: break-word !important; padding: 0px 0px 14px;">(ii) a small enterprise, where the investment in plant and machinery or equipment does not exceed ten crore rupees and turnover does not exceed fifty crore rupees; and</li><li style="box-sizing: border-box; list-style: none; margin: 0px; max-width: 100%; overflow-wrap: break-word !important; padding: 0px 0px 14px;">(iii) a medium enterprise, where the investment in plant and machinery or equipment does not exceed fifty crore rupees and turnover does not exceed two hundred and fifty crore rupees.</li></ul><div style="max-width: 100%; overflow-wrap: break-word !important;"><span face="Source Sans Pro, -apple-system, BlinkMacSystemFont, Segoe UI, Roboto, Helvetica Neue, Arial, sans-serif, Apple Color Emoji, Segoe UI Emoji, Segoe UI Symbol" style="color: #444444; max-width: 100%; overflow-wrap: break-word !important;"><span style="font-weight: 700; max-width: 100%; overflow-wrap: break-word !important;">Brief About Undyam Registration</span></span></div><ol style="margin: 0.5em 0px 1.5em; max-width: 100%; overflow-wrap: break-word !important;"><li style="max-width: 100%; overflow-wrap: break-word !important;">An enterprise for the purpose of this process will be known as Udyam and its Registration Process will be known as 'Udyam Registration'</li><li style="max-width: 100%; overflow-wrap: break-word !important;">A permanent registration number will be given after registration.</li><li style="max-width: 100%; overflow-wrap: break-word !important;">After completion of the process of registration, a certificate will be issued online.</li><li style="max-width: 100%; overflow-wrap: break-word !important;">This certificate will have a dynamic QR Code from which the web page on our Portal and details about the enterprise can be accessed.</li><li style="max-width: 100%; overflow-wrap: break-word !important;">There will be no need for renewal of Registration.</li><li style="max-width: 100%; overflow-wrap: break-word !important;">Our single window systems at Champions Control Rooms and at DICs will help you in the process.</li><li style="max-width: 100%; overflow-wrap: break-word !important;">The registration Process is totally free. No Costs or Fees are to be paid to anyone.</li><li style="max-width: 100%; overflow-wrap: break-word !important;">MSME Registration is free, paperless and based on self- declaration</li><li style="max-width: 100%; overflow-wrap: break-word !important;">MSME registration process is fully online, paperless and based on self-declaration.</li><li style="max-width: 100%; overflow-wrap: break-word !important;">No documents or proof are required to be uploaded for registering an MSME.</li><li style="max-width: 100%; overflow-wrap: break-word !important;">Only Adhaar Number will be enough for registration.</li><li style="max-width: 100%; overflow-wrap: break-word !important;">PAN & GST linked details on investment and turnover of enterprises will be taken automatically from Government data bases.</li><li style="max-width: 100%; overflow-wrap: break-word !important;">Our online system will be fully integrated with Income Tax and GSTIN systems.</li><li style="max-width: 100%; overflow-wrap: break-word !important;">Having PAN & GST number is mandatory from 01.04.2021.</li><li style="max-width: 100%; overflow-wrap: break-word !important;">Those who have EM-II or UAM registration or any other registration issued by any authority under the Ministry of MSME, will have to re-register themselves.</li><li style="max-width: 100%; overflow-wrap: break-word !important;">No enterprise shall file more than one Udyam Registration. However, any number of activities including manufacturing or service or both may be specified or added in one Registration.</li></ol><p style="max-width: 100%; overflow-wrap: break-word !important; text-align: justify;"><span style="font-family: Calibri, sans-serif; font-weight: 700; max-width: 100%; overflow-wrap: break-word !important;">Process for Udyam Registration</span></p><ol style="margin: 0.5em 0px 1.5em; max-width: 100%; overflow-wrap: break-word !important;"><li style="max-width: 100%; overflow-wrap: break-word !important;">The form for registration shall be as provided in the Udyam Registration portal.</li><li style="max-width: 100%; overflow-wrap: break-word !important;">There will be no fee for filing Udyam Registration.</li><li style="max-width: 100%; overflow-wrap: break-word !important;">Aadhaar number shall be required for Udyam Registration.</li><li style="max-width: 100%; overflow-wrap: break-word !important;">The Aadhaar number shall be of the proprietor in the case of a proprietorship firm, of the managing partner in the case of a partnership firm and of a karta in the case of a Hindu Undivided Family (HUF).</li><li style="max-width: 100%; overflow-wrap: break-word !important;">In case of a Company or a Limited Liability Partnership or a Cooperative Society or a Society or a Trust, the organisation or its authorised signatory shall provide its GSTIN and PAN along with its Aadhaar number.</li><li style="max-width: 100%; overflow-wrap: break-word !important;">In case an enterprise is duly registered as an Udyam with PAN, any deficiency of information for previous years when it did not have PAN shall be filled up on self-declaration basis.</li><li style="max-width: 100%; overflow-wrap: break-word !important;">No enterprise shall file more than one Udyam Registration: Provided that any number of activities including manufacturing or service or both may be specified or added in one Udyam Registration.</li><li style="max-width: 100%; overflow-wrap: break-word !important;">Whoever intentionally misrepresents or attempts to suppress the self-declared facts and figures appearing in the Udyam Registration or updation process shall be liable to such penalty as specified under section 27 of the Act.</li></ol><div style="max-width: 100%; overflow-wrap: break-word !important;"><br /></div>

MSME REGISTRATION TO NEW UDYAM PORTAL MANDATORY

    New online system of MSME/Udyam Registration launched by Union MSME Ministry, w.e.f. 1st July, 2020, has stood the test of Time & Te...

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HAPPY DIWALI

<iframe allowfullscreen="true" frameborder="0" height="569" mozallowfullscreen="true" src="https://docs.google.com/presentation/d/e/2PACX-1vRScHOGtaVy3g_0OsJEb_6sccJeOXccb-3Ugy0_J0QphNAhMR6W0vfGDOcp21zenvSAwsq14JXUVTpa/embed?start=true&loop=true&delayms=3000" webkitallowfullscreen="true" width="960"></iframe> <div style="text-align: center;"><b><span style="font-size: large;"><br /></span></b></div><div style="text-align: center;"><b><span style="font-size: large;"><br /></span></b></div><div style="text-align: center;"><b><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDIKqgGvhv-LIuxrIJqPp89dXwCJ9ox3d7lLYF4y0vYgvnADu9hnuf6I9YHpixmZs2BEA1-9YfCVhF6V1Q40UHKdAQiBSaysGIhvlgcPIMXOhrcQ2NdHkGeDLI5k15BZa1AYmW54IiB5xv/s500/1046_4901605334594963757.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="500" data-original-width="500" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDIKqgGvhv-LIuxrIJqPp89dXwCJ9ox3d7lLYF4y0vYgvnADu9hnuf6I9YHpixmZs2BEA1-9YfCVhF6V1Q40UHKdAQiBSaysGIhvlgcPIMXOhrcQ2NdHkGeDLI5k15BZa1AYmW54IiB5xv/s320/1046_4901605334594963757.jpg" /></a></div><br /><span style="font-size: large;"><br /></span></b></div><div style="text-align: center;"><b><span style="font-size: large;"><br /></span></b></div><div style="text-align: center;"><b><span style="font-size: large;"><br /></span></b></div><div style="text-align: center;"><b><span style="font-size: large;">S K & Associates Wish You Very happy Diwali</span></b></div>

HAPPY DIWALI

S K & Associates Wish You Very happy Diwali

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AD IN BLOGGER POST

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FOREX GAIN AND LOSS IN TALLY

<p> </p> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/nwSPvb9K1mw?autoplay=1" width="460"></iframe>

FOREX GAIN AND LOSS IN TALLY

 

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FOREX GAIN & LOSS IN TALLY

<a href="https://youtu.be/nwSPvb9K1mw">FOREX GAIN & LOSS IN TALLY </a>

FOREX GAIN & LOSS IN TALLY

FOREX GAIN & LOSS IN TALLY

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VARIOUS REVISED DUE DATES

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VARIOUS REVISED DUE DATES

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Highlights of Special GOI Package of Rs 20 lakh crores for Atmanirbhar Bharat (COVID-19)

<header style="border: 0px; float: left; font-family: "ms sans serif", geneva, sans-serif; font-size: 16px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; width: 748.969px;"><h1 class="title single-title entry-title" style="border: 0px; clear: both; color: #0066bf; float: left; font-family: "bookman old style", serif; font-size: 22px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 1.4; margin: 0px 0px 10px; padding: 0px; vertical-align: baseline; width: 748.969px;">Highlights of Special GOI Package of Rs 20 lakh crores for Atmanirbhar Bharat (COVID-19)</h1><div class="post-info" style="border: 0px; clear: both; color: #aaaaaa; float: left; font: inherit; margin: 0px 0px 20px; padding: 0px; vertical-align: baseline; width: 748.969px;"><span class="thetime date updated" style="border: 0px; font: inherit; margin: 0px 20px 0px 0px; padding: 0px; vertical-align: baseline;"><i class="fa fa-calendar" style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"></i><span style="border: 0px; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">May 13, 2020</span></span> <span class="thecategory" style="border: 0px; font: inherit; margin: 0px 20px 0px 0px; padding: 0px; vertical-align: baseline;"><i class="fa fa-tags" style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"></i><a href="https://www.caclub.in/category/misc/" style="border: 0px; color: #777777; font: inherit; margin: 0px; padding: 0px; text-decoration-line: none; transition: all 0.25s linear 0s; vertical-align: baseline;" title="View all posts in Misc.">Misc.</a></span> <span class="theauthor" style="border: 0px; font: inherit; margin: 0px 20px 0px 0px; padding: 0px; vertical-align: baseline;"><i class="fa fa-user" style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"></i><span style="border: 0px; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><a href="https://www.caclub.in/author/kewal-garg/" rel="author" style="border: 0px; color: #777777; font: inherit; margin: 0px; padding: 0px; text-decoration-line: none; transition: all 0.25s linear 0s; vertical-align: baseline;" title="Posts by Kewal Garg">Kewal Garg</a></span></span></div></header><div class="post-single-content box mark-links entry-content" style="border: 0px; clear: both; float: left; font-family: "ms sans serif", geneva, sans-serif; font-size: 16px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; height: auto; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; width: 748.969px;"><div class="thecontent" style="border: 0px; font: inherit; height: auto; margin: 0px; padding: 0px; vertical-align: baseline;"><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;">Key Highlights of the Special economic and comprehensive package of Rs 20 lakh crores Announced by the Govt. of India, for relief and credit support related to businesses, especially MSMEs to support Indian Economy, Atmanirbhar Bharat and to fight against COVID-19.</p><div class="code-block code-block-1" style="border: 0px; clear: both; font: inherit; margin: 8px 0px; padding: 0px; vertical-align: baseline;"><ins class="adsbygoogle" data-ad-client="ca-pub-4308639029547635" data-ad-format="auto" data-ad-slot="5525471187" data-adsbygoogle-status="done" data-full-width-responsive="true" style="border: 0px; display: block; font: inherit; height: 280px; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; color: #0072bf; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; text-align: justify; text-decoration-line: none; transition: all 0.25s linear 0s; vertical-align: baseline;"><a href="https://www.caclub.in/wp-content/uploads/goi-package-20-lac-crores-dt-13-may-2020-for-supporting-economy-atmanirbhar-bharat-fight-against-covid-19.pdf" style="border: 0px; color: #0072bf; font: inherit; margin: 0px; padding: 0px; text-align: justify; text-decoration-line: none; transition: all 0.25s linear 0s; vertical-align: baseline;">GOI Presentation on Rs. 20 Lac Crore Special Package: AtmaNirbhar Bharat (COVID-19)</a></span><span style="font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; font-variant-ligatures: inherit; font-weight: inherit; text-align: justify;">Hon’ble Prime Minister of India Shri Narendra Modi announced a Special economic and comprehensive package of Rs 20 lakh crores, equivalent to 10% of India’s GDP, on 12th May 2020. He gave a clarion call for </span><span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; text-align: justify; vertical-align: baseline;">आत्मनिर्भर भारत अभियान</span><span style="font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; font-variant-ligatures: inherit; font-weight: inherit; text-align: justify;"> or </span><span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; text-align: justify; vertical-align: baseline;">Self-Reliant India Movement</span><span style="font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; font-variant-ligatures: inherit; font-weight: inherit; text-align: justify;">. He also outlined five pillars of Aatmanirbhar Bharat– Economy, Infrastructure, System, Vibrant Demography and Demand. PM Modi has stated that details of the package will be communicated by the Minister of Finance in due course.</span></ins></div><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;">Accordingly, Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman organised a Press Conference on 13th May 2020. She said in her opening remarks that Prime Minister Shri Narendra Modi had laid out a comprehensive vision in his address to the Nation yesterday. She further said that after spending considerable time, the Prime Minister has himself ensured that inputs obtained from widespread consultation form a part of economic package in fight against COVID-19.</p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;">“Essentially, the goal is to build a self-reliant India that is why the Economic Package is called Aatma Nirbhar Bharat Abhiyaan. Citing the pillars on which we seek to build <span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Aatma Nirbhar Bharat</span> Abhiyaan, Smt. Sitharaman said our focus would be on land, labour, liquidity and law.</p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;">The Finance Minister further said that the Government under the leadership of Prime Minister Shri Narendra Modi has been listening and is a responsive Government, hence it is fitting to recall some reforms which have been undertaken since 2014.</p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;">“Soon after Budget 2020 came COVID-19 and within hours of the announcement of Lockdown 1.0, Pradhan Mantri Garib Kalyan Yojna (PMGKY) was announced,” Smt. Sitharaman said. She further said that we are going to build on this package.</p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;">“Beginning today, for the next few days, I shall be coming here with the entire team of the Ministry of Finance to detail the Prime Minister’s vision for Aatma Nirbhar Bharat laid out by the Prime Minister yesterday,” Smt Sitharaman said.</p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;">Smt. Nirmala  Sitharaman also announced various measures which are focused on <span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Getting back to work</span> i.e., enabling employees and employers, businesses, especially Micro Small and Medium Enterprises, to get back to production and workers back to gainful employment. Efforts to strengthen Non-Banking Finance Institutions (NBFCs), Housing Finance Companies (HFCs), Micro Finance Sector and Power Sector were also unfolded. Other than this, the tax relief to business, relief from contractual commitments to contractors in public procurement and compliance relief to real estate sector were also covered.</p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;">Over the last five years, the Government has actively taken various measures for the industry and MSME. For the Real Estate sector, the Real Estate (Regulation and Development) Act [RERA] was enacted in 2016 to bring in more transparency into the industry. A special fund for affordable and middle income housing was set up last year to help with the stress in this segment. To help MSMEs with the issue of delayed payment by any Government department or PSUs, Samadhaan Portal was launched in 2017. A Fund of Funds for startups was set up under SIDBI to boost entrepreneurship in the country and various other credit guarantee schemes to help flow of credit to the MSMEs.</p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="border: 0px; font: inherit; margin: 0px; padding: 0px; text-decoration-line: underline; vertical-align: baseline;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Key Highlights of the Special economic and comprehensive package of Rs 20 lakh crores Announced by Govt. of India (COVID-19)</span></span></p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">a) Rs 3 lakh crore Emergency Working Capital Facility for Businesses, including MSMEs</span></p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;">To provide relief to the business, additional working capital finance of 20% of the outstanding credit as on 29 February 2020, in the form of a Term Loan at a concessional rate of interest will be provided. This will be available to units with upto Rs 25 crore outstanding and turnover of up to Rs 100 crore whose accounts are standard. The units will not have to provide any guarantee or collateral of their own. The amount will be 100% guaranteed by the Government of India providing a total liquidity of Rs. 3.0 lakh crores to more than 45 lakh MSMEs.</p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">b) Rs 20,000 crore Subordinate Debt for Stressed MSMEs</span></p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;">Provision made for Rs. 20,000 cr subordinate debt for two lakh MSMEs which are NPA or are stressed. Government will support them with Rs. 4,000 Cr. to Credit Guarantee Trust for Micro and Small enterprises (CGTMSE). Banks are expected to provide the subordinate-debt to promoters of such MSMEs equal to 15% of his existing stake in the unit subject to a maximum of Rs 75 lakhs.</p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">c) Rs 50,000 crores equity infusion through MSME Fund of Funds</span></p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;">Govt will set up a Fund of Funds with a corpus of Rs 10,000 crore that will provide equity funding support for MSMEs. The Fund of Funds shall be operated through a Mother and a few Daughter funds. It is expected that with leverage of 1:4 at the level of daughter funds, the Fund of Funds will be able to mobilise equity of about Rs 50,000 crores.</p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">d) New definition of MSME</span></p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;">Definition of MSME will be revised by raising the Investment limit. An additional criteria of turnover also being introduced. The distinction between manufacturing and service sector will also be eliminated.</p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">e) Other Measures for MSME</span></p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;">e-market linkage for MSMEs will be promoted to act as a replacement for trade fairs and exhibitions. MSME receivables from Government and CPSEs will be released in 45 days.</p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">f) No Global tenders for Government tenders of up to Rs 200 crores</span></p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;">General Financial Rules (GFR) of the Government will be amended to disallow global tender enquiries in procurement of Goods and Services of value of less than Rs 200 crores.</p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">g) Employees Provident Fund Support for business and organised workers</span></p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;">The scheme introduced as part of PMGKP under which Government of India contributes 12% of salary each on behalf of both employer and employee to EPF will be extended by another 3 months for salary months of June, July and August 2020. Total benefits accrued is about Rs 2500 crores to 72.22 lakh employees.</p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">h) EPF Contribution to be reduced for Employers and Employees for 3 months</span></p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;">Statutory PF contribution of both employer and employee reduced to 10% each from existing 12% each for all establishments covered by EPFO for next 3 months. This will provide liquidity of about Rs.2250 Crore per month.</p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">i) Rs 30,000 crores Special Liquidity Scheme for NBFC/HFC/MFIs</span></p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;">Government will launch Rs 30,000 crore Special Liquidity Scheme, liquidity being provided by RBI. Investment will be made in primary and secondary market transactions in investment grade debt paper of NBFCs, HFCs and MFIs. This will be 100 percent guaranteed by the Government of India.</p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">j) Rs 45,000 crores Partial credit guarantee Scheme 2.0 for Liabilities of NBFCs/MFIs</span></p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;">Existing Partial Credit Guarantee scheme is being revamped and now will be extended to cover the borrowings of lower rated NBFCs, HFCs and other Micro Finance Institutions (MFIs). Government of India will provide 20 percent first loss sovereign guarantee to Public Sector Banks.</p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">k) Rs 90,000 crore Liquidity Injection for DISCOMs</span></p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;">Power Finance Corporation and Rural Electrification Corporation will infuse liquidity in the DISCOMS to the extent of Rs 90000 crores in two equal instalments. This amount will be used by DISCOMS to pay their dues to Transmission and Generation companies. Further, CPSE GENCOs will give a rebate to DISCOMS on the condition that the same is passed on to the final consumers as a relief towards their fixed charges.</p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">l) Relief to Contractors</span></p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;">All central agencies like Railways, Ministry of Road Transport and Highways and CPWD will give extension of up to 6 months for completion of contractual obligations, including in respect of EPC and concession agreements.</p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">m) Relief to Real Estate Projects</span></p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;">State Governments are being advised to invoke the Force Majeure clause under RERA. The registration and completion date for all registered projects will be extended up to 6 months and may be further extended by another 3 months based on the State’s situation. Various statutory compliances under RERA will also be extended concurrently.</p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">n) Tax Relief to Business</span></p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;">The pending income tax refunds to charitable trusts and non-corporate businesses and professions including proprietorship, partnership and LLPs and cooperatives shall be issued immediately.</p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">o) Tax related measures</span></p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Reduction in Rates of ‘Tax Deduction at Source’ and ‘Tax Collected at Source”</span> – The TDS rates for all non-salaried payment to residents, and tax collected at source rate will be reduced by 25 percent of the specified rates for the remaining period of FY 20-21.This will provided liquidity to the tune of Rs 50,000 Crore.</p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;">The due date of all Income Tax Returns for Assessment Year 2020-21 will be extended to 30 November, 2020.  Similarly, tax audit due date will be extended to 31 October 2020.</p><p style="border: 0px; font: inherit; margin: 0px 0px 20px; padding: 0px; text-align: justify; vertical-align: baseline;">The date for making payment without additional amount under the “Vivad Se Vishwas” scheme will be extended to 31 December, 2020.</p></div></div>

Highlights of Special GOI Package of Rs 20 lakh crores for Atmanirbhar Bharat (COVID-19)

Highlights of Special GOI Package of Rs 20 lakh crores for Atmanirbhar Bharat (COVID-19) May 13, 2020   Misc.   Kewal Garg Key Highlights of...

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