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Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
A securities regulator issued a circular establishing an intraday monitoring framework for equity index options: entity-level intraday net FutEq limit Rs.5,000 crore and intraday gross FutEq limit Rs.10,000 crore per side; exchanges must take at least four random intraday position snapshots (including near close) and may consider underlying prices when assessing snapshots. Additional exposures permitted against eligible collateral. Breaches will trigger exchange review, client rationale, constituent trading checks and, on expiry days, penalties/additional surveillance deposits (effective later). Exchanges and clearing corporations must file SOPs and implement systems; most provisions effective October 1, 2025.
A securities regulator issued a circular establishing an intraday monitoring framework for equity index options: entity-level intraday net FutEq limit Rs.5,000 crore and intraday gross FutEq limit Rs.10,000 crore per side; exchanges must take at least four random intraday position snapshots (including near close) and may consider underlying prices when assessing snapshots. Additional exposures permitted against eligible collateral. Breaches will trigger exchange review, client rationale, constituent trading checks and, on expiry days, penalties/additional surveillance deposits (effective later). Exchanges and clearing corporations must file SOPs and implement systems; most provisions effective October 1, 2025.
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