Safeguards for dematerialised securities transfers require DP verification and DIS issuance limits to prevent unauthorised transfers.
Measures require DPs to prohibit pre signed or blank DIS, cancel unused DIS upon loss notification, limit and condition issuance of loose DIS to in person signing, and verify signatures and transaction authenticity. For inactive/dormant accounts, replacement DIS booklets must be delivered to registered addresses and authorised by a Compliance Officer; mandatory recorded phone verification of BOs and senior authorisation are required before transfers. Active accounts face mandatory verification when all holdings across multiple ISINs are transferred, with verification details recorded and senior authorisation obtained.

FPI concentration exemption limits disclosure obligations where majority Indian equity is in a corporate group without an identified promoter.
SEBI exempts FPIs from additional disclosure obligations where majority Indian equity AUM is concentrated in a corporate group whose apex company has no identified promoter (with Depositories publishing such apex companies), provided the FPI's group holding excluding the apex company stays below the concentration threshold and the composite holdings of eligible FPIs in the apex company remain below a capped cumulative limit. Custodians and Depositories must track and publicise utilisation of the capped limit daily. If the capped limit is met, prospective investments by such FPIs must be realigned within a short trading-window or the FPIs must make the mandated additional disclosures, provided the capped limit persists through that window.

FTA certificate verification under CAROTAR Rules requires importer submission of exporter invoice and Bill of Entry amendments when discrepancies arise.
TSK officials verifying and defacing FTA Country of Origin certificates under CAROTAR Rules 2020 face third party invoicing issues (missing/mismatched FOB, extra invoice items, and CTH mismatches). Importers must submit the exporter's originating country invoice on which the FTA certificate was issued and amend the Bill of Entry where discrepancies arise. Certificates lacking the requisite FOB column (unless inherently absent) are to be referred to the Group for verification from the exporting country. If importers fail to provide required information, the proper officer may initiate verification under CAROTAR Rules.

Aadhaar e KYC authentication permitted for newly notified reporting entities as sub KUAs enabling securities market KYC onboarding.
Permission is granted for specified reporting entities to undertake Aadhaar authentication as sub-KUA for customer on boarding in the securities market, subject to compliance with applicable privacy and security standards and the procedural framework for e KYC. These entities must follow the processes set out in SEBI's Master Circular on KYC and any UIDAI prescriptions, and KUAs are to facilitate their on boarding as sub KUAs to provide Aadhaar authentication for KYC purposes.

Assessment reopening under section 147: AOs must use e Verification Value at Risk to issue notices under section 148.
Assessing Officers are to invoke section 147 and issue notices under section 148 in High-Risk e-Verification Scheme cases where the Final Verification Report shows Value at Risk. The FVR and related documents are available on the Insight portal (Verification Module e-Verification e- Verification Scheme 2021 Verified Count). For Non-updated ITR cases VaR equals the Income Escapement in the PVR; for Updated ITR cases VaR equals the PVR Income Escapement less additional income disclosed in the Updated ITR (difference in Gross Total Income between Updated and Original ITR).

Origin declaration under DCTS: exporters must self-certify Rules of Origin to claim preferential UK tariff treatment.
Requirement to use the UK Developing Countries Trading Scheme (DCTS) origin declaration for self-certification by Indian exporters to claim concessional import duty: goods must meet the DCTS Rules of Origin and exporters must replace GSP origin declaration wording with DCTS wording when completing self-certification for tariff concessions.

Administrative opening of income-tax offices ordered to complete departmental work at the financial year-end.
An administrative direction under statutory administrative authority requires all Income-tax Offices nationwide to remain open on 29th, 30th and 31st March 2024 to facilitate completion of pending departmental work at the financial year end, citing weekend and holiday proximity as the operational reason and describing the measure as taken for administrative convenience.

Monthly public notice: exporters and carriers must correct listed EGM errors or file pending EGMs to obtain export incentives.
The notice directs exporters, customs brokers and carriers to remove listed EGM errors or to file pending EGMs-identified in Annexure A and Annexure B respectively-to comply with the statutory obligation to deliver the manifest to the proper officer before departure and to avoid delays in receipt of post export benefits and incentives; difficulties in implementation may be reported to Customs, Export, ACC, Mumbai.

IGST refund: system permits declaration for certain tobacco exports to enable refund claims despite backend restriction.
A backend restriction bars IGST refund claims for CTHs listed in the notified Table, requiring export under LUT; an exception permits exporters to self declare that tobacco goods are not in the prohibited category by entering INFO_CD:'CHR' and INFO_QFR:'GSTALLOWED' for the first shipping bill item, whereupon the system will process IGST refund claims without validating the declaration. Contact points are provided for operational issues.

Monetary limits for departmental appeals set; appeals allowed only if tax effect threshold met, subject to specified exceptions.
The Circular mandates that departmental appeals and SLPs be filed only where the tax effect of disputed issues exceeds prescribed monetary thresholds, subject to enumerated exceptions (constitutional invalidity, departmental instrument invalidity, law enforcement based assessments, pending prosecutions, adverse comments/costs, non quantifiable tax effect, undisclosed foreign income/assets, organised evasion, court directions, writs, non Income Tax Act matters, and specified TDS/TCS or international tax disputes). It defines tax effect (including surcharge and cess, excluding interest except when disputed), prescribes per year and per assessee computation (with special rules for alternate tax provisions and TDS/TCS), requires recording when appeals are deferred for low tax effect, and imposes folder maintenance and monthly reporting obligations; it applies prospectively.

Prohibition on import and trade of specified ferocious dog breeds: import, breeding, sale and keeping restricted.
A prohibition is directed on the import, breeding, sale and keeping of specified ferocious dog breeds (including mixed and cross breeds) identified as dangerous to human life; customs are to enforce the import ban, local bodies must not grant licences or permits for sale or breeding, existing pets of these breeds are to be sterilized, and enforcement should be undertaken consistent with the Prevention of Cruelty to Animal (Dog Breeding and Marketing) Rules, 2017 and the Prevention of Cruelty to Animal (Pet Shop) Rules, 2018.

Ad-hoc input-output norms enabled in rule-based IT systems, with RMS referrals and Norms Committee SION recommendations.
Amendments authorise Ad-hoc Input Output Norms to be fixed in a rule-based IT environment without mandatory reference to the Norms Committee, with a percentage of RMS-flagged cases referred for Norms Committee validation. Additionally, where ad-hoc norms are arrived at by the Norms Committee, the Committee may recommend notification of Specific Input Output Norms (SION) on a case-by-case basis, streamlining norm fixation and SION notification under the Advance Authorisation Scheme.

Due diligence for GST demand notices and timely adjudication under Assam GST require full fact review and natural justice.
Due diligence is required before issuing demand show cause notices in FORM DRC-01 under Sections 73 and 74 of the Assam GST Act. Notices should be issued only after full examination of facts, documents and taxpayer explanations, with adequate opportunity to respond. Adjudication orders must be passed within the prescribed time limit, and field officers are directed to ensure timely issuance of notices and timely completion of adjudication while following natural justice and maintaining the quality of orders.

Repeal of grandfathering for excess private placements rescinds earlier refund relief and imposes a limited transition period.
SEBI has rescinded prior circulars that allowed issuers who issued securities to more than the permitted number of investors (over 49 up to 200) to avoid penal action by offering a refund option; the repeal becomes effective six months from this circular, without prejudice to prior actions. The relief remains available only to issuers who complete required procedures and submit the prescribed certificate within the six month transition; thereafter such cases will be dealt with under extant applicable laws and stock exchanges must disseminate the circular.

Waiver of late filing charges: procedure streamlined; delegation to commissioners, e Sanchit uploads and officer discretion for sufficient cause.
Waiver of late filing charges for Bills of Entry is permitted where the proper officer is satisfied of sufficient cause; prescribed maximum charges and statutory caps apply. Assistant/Deputy Commissioners will process cases where charges are leviable as per the Act, while Joint/Additional Commissioners will process discretionary waiver requests supported by evidence uploaded via e Sanchit. An ACL menu option allows PAG officers to waive charges prior to duty payment with designated officer approval; decisions can be contested to the Joint/Additional Commissioner. This Public Notice operates as a Standing Order and is effective immediately.

IGST refund restriction on specified tobacco exports; system allows a user declaration to enable refund-route processing for eligible shipments.
Restrictions on IGST refund for specified tobacco CTHs require export under LUT and a system block was implemented for affected shipping bills. To address exporter grievances, an exception allows the declarant to assert that goods are not in the prohibited category by entering INFO_CD: 'CHR' and INFO_QFR: 'GST ALLOWED' for the first shipping bill item; the system will process such IGST refund-route filings without validating the declaration and exporters may contact the helpdesk for assistance.

Modified return filing allowed for successor companies after business reorganisation, subject to assessing officer verification and e filing enablement.
Successor companies with business reorganisation orders issued after June 1, 2016 but before April 1, 2022 may file returns with modified particulars limited to the sanctioning order by using an e filing portal functionality enabled after the Jurisdictional Assessing Officer verifies that the return results from and is limited to that order; taxpayers must first submit a prescribed proforma to the JAO, enabling verification, ITBA enablement and subsequent electronic filing within the Board's prescribed timeline.

Simplified Offer Documents: extended compliance timeline allows phased transition and mandatory updation with website disclosure.
SEBI extends timelines for implementation of the simplified format for SID/KIM/SAI: updated formats apply from June 1, 2024; draft or recently filed SIDs may use the old format if updated per SEBI timelines; existing SIDs must be updated by June 30, 2024 with data as of May 31, 2024. The half yearly update for the period ending March 31, 2024 may be completed by June 30, 2024. All revised SIDs must be published on SEBI, AMFI and AMC websites within the prescribed timelines.

Re-sealing and amendment procedure for containers with compromised seals mandates reseal, IGM/SAM amendment and 100% cargo examination.
Procedure requires terminal operators to re-seal containers with broken, missing or tampered seals with intimation to the Superintendent of Customs at VCTPL; shipping lines must amend the Bill of Lading and IGM/SAM with Superintendent approval; affected containers shall be moved to a nominated CFS or respective ICD/SEZ and subjected to 100% examination. For seal number mismatches the same amendment and examination procedures apply without re-sealing. Shed appraisers must verify amendments prior to examination, VCTPL will keep daily records and weekly reports, and the shipping line bears amendment fees and any penalties.

Qualified Stock Broker designation expanded to include compliance, grievance redressal and proprietary trading criteria-affects annual obligations.
The QSB framework is expanded by adding proprietary trading volumes, compliance score, and grievance redressal score to the existing designation parameters. Brokers' percentage shares in each parameter are compared to aggregate industry totals and threshold rules determine QSB status; separate cutoffs for compliance and grievance scores permit designation of a limited number of brokers. Designations are updated annually based on year end values, delisted brokers remain subject to enhanced obligations for a further transition period, voluntary QSB enrollment is permitted, and stock exchanges must publish lists and amend rules.