Person chargeable with duty must be the importer at importation; subsequent purchasers cannot be held liable where beneficial owner rules did not appl...
Prohibited importation of cosmetics without prior regulatory registration attracts seizure and confiscation; warehousing or re export claims do not cu...
Provisional release on security permitted where cash deposit plus bond secures differential duty; classification and treaty benefits referred for deci...
SEBI circular eliminates the requirement of issuing a Letter of Confirmation and mandates direct credit of securities into investors' demat accounts after due diligence by RTAs/issuer companies. RTAs/issuers must obtain a Client Master List (not older than two months) attested by the Depository Participant and initiate a demat conversion request; depositories/RTAs/listed companies must notify investors on successful dematerialisation. Processing timelines for service requests are 30 days; physical certificates must be retained and defaced or retained per procedure, and lock-in periods must be communicated on credit. Changes take effect April 2, 2026; prior LOCs remain usable within 120 days.
SEBI circular eliminates the requirement of issuing a Letter of Confirmation and mandates direct credit of securities into investors' demat accounts after due diligence by RTAs/issuer companies. RTAs/issuers must obtain a Client Master List (not older than two months) attested by the Depository Participant and initiate a demat conversion request; depositories/RTAs/listed companies must notify investors on successful dematerialisation. Processing timelines for service requests are 30 days; physical certificates must be retained and defaced or retained per procedure, and lock-in periods must be communicated on credit. Changes take effect April 2, 2026; prior LOCs remain usable within 120 days.
Note: It is a system-generated summary and is for quick reference only.
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