Specialized Investment Fund distribution now requires dedicated certification, while transitional recognition preserves existing qualified distributor...
Overlapping GST proceedings require Central and State authorities to designate one competent authority for coordinated adjudication of the same matter...
Composite healthcare supplies retain exemption when patient care is the contract's essential character, despite payment through an implementing agency...
FPIs may net fund obligations for outright cash-market transactions, meaning only a purchase or only a sale in a settlement cycle, while mixed purchase-and-sale trades remain settled on a gross basis. Securities settlement between the FPI and custodian continues on a gross basis, and STT and stamp duty remain chargeable on delivery basis. The earlier Master Circular framework is modified to that extent, implementation standards are to be framed by custodians and the CDSSF after stakeholder consultation, and market participants must update systems by 31 December 2026.
FPIs may net fund obligations for outright cash-market transactions, meaning only a purchase or only a sale in a settlement cycle, while mixed purchase-and-sale trades remain settled on a gross basis. Securities settlement between the FPI and custodian continues on a gross basis, and STT and stamp duty remain chargeable on delivery basis. The earlier Master Circular framework is modified to that extent, implementation standards are to be framed by custodians and the CDSSF after stakeholder consultation, and market participants must update systems by 31 December 2026.
Note: It is a system-generated summary and is for quick reference only.
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