Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
This circular outlines the procedure for enabling T+2 trading of bonus shares, where T is the record date. Key points: Issuers to apply for in-principle approval within 5 days of board meeting approving bonus issue. Record date (T) and deemed allotment date (T+1) to be intimated. Stock exchanges to issue notification accepting record date and notifying bonus share count. Issuers to submit documents for bonus share credit by 12 PM on T+1. Distinctive number ranges to be uploaded, relevant dates updated before credit. Bonus shares tradable on T+2. Temporary ISIN exempted, direct credit in permanent ISIN permitted. Applicable from October 1, 2024, with penalties for non-compliance. Issued under SEBI Act to protect investor interests and regulate securities market.
This circular outlines the procedure for enabling T+2 trading of bonus shares, where T is the record date. Key points: Issuers to apply for in-principle approval within 5 days of board meeting approving bonus issue. Record date (T) and deemed allotment date (T+1) to be intimated. Stock exchanges to issue notification accepting record date and notifying bonus share count. Issuers to submit documents for bonus share credit by 12 PM on T+1. Distinctive number ranges to be uploaded, relevant dates updated before credit. Bonus shares tradable on T+2. Temporary ISIN exempted, direct credit in permanent ISIN permitted. Applicable from October 1, 2024, with penalties for non-compliance. Issued under SEBI Act to protect investor interests and regulate securities market.
Note: It is a system-generated summary and is for quick reference only.
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