Financial transaction reporting requires Form No. 165 filing, threshold-based aggregation, and designated compliance oversight for specified transactions. Rule 237 requires furnishing of a statement of financial transaction in Form No. 165 for specified reportable transactions recorded during a financial year, subject to prescribed thresholds and aggregation rules. It sets out the classes of reporting persons, the mode and time limit for electronic filing, and a separate pre-filing framework for capital gains on listed securities or mutual fund units, dividend distributed, and interest paid or credited. The rule also requires designation of compliance officers, registration, verification by digital signature, and defines key terms for administration of the reporting regime.
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Provisions expressly mentioned in the judgment/order text.
Financial transaction reporting requires Form No. 165 filing, threshold-based aggregation, and designated compliance oversight for specified transactions.
Rule 237 requires furnishing of a statement of financial transaction in Form No. 165 for specified reportable transactions recorded during a financial year, subject to prescribed thresholds and aggregation rules. It sets out the classes of reporting persons, the mode and time limit for electronic filing, and a separate pre-filing framework for capital gains on listed securities or mutual fund units, dividend distributed, and interest paid or credited. The rule also requires designation of compliance officers, registration, verification by digital signature, and defines key terms for administration of the reporting regime.
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