The e-filing website of the I-T department would now provide a facility to pre-validate bank account details.
It involved collection and maintenance of data in respect of the participants such as demographic details, biometric impressions and digital photographs. Sebi awarded the work of MAPIN to the National Securities Depository Ltd in May 2003 through a memorandum of understanding without competitive bidding.
Details of the hearing could not be ascertained. Last month, Sebi had dismissed the recommendations made by a committee in two of three matters filed on the subject.
Investors must withdraw funds, open a new trading account and transfer assets.
Liquidity pushed benchmark indices 22% higher to become the best performing equity market globally
To check the status of their refund, taxpayers can log in at https://tin.tin.nsdl.com/oltas/refundstatuslogin.html.
Uncertainty in equity markets and a waning investor response have led to a slowdown in new demat accounts, a key gauge of retail investors' sentiment towards the market. Sluggishness in the primary market has added to the woes as a large number of investors generally tap equity markets through IPOs.
According to experts, due to reduction in withholding tax, FIIs' investment in corporate bonds will pick up.
Sebi has directed the depositories to ask all the depository participants to examine the origin of accounts that did not comply with the requirement for Permanent Account Number.
PFRDA, India's new pension regulator, has introduced New Pension System will help working Indians lead a dignified retired life.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
After dematerialising crores of shares over the past seven years, the National Securities Depository Ltd is set to extend the service to other financial instruments.
The finance ministry on Thursday appointed National Securities Depository Ltd to provide PAN cards to new taxpayers in 139 cities from next week.
R H Patil was on Thursday appointed chairman of UTI Asset Management Company, the country's largest mutual fund.\n\n
The National Securities Depository Ltd has been asked to start the online PAN Book from April to enable assesses to see their tax filing records on the Internet.
The government said on Wednesday that it has appointed management consultant Ernst & Young and NSE's infotech subsidiary, NSE.IT, as its technology advisors for providing online facilities to all tax payers under the "taxnet" scheme.
The only caveat is that your will should be a simple one.
Foreign investors, according to them, will now wait-and-watch how the economy takes shape in the backdrop of doubts over monsoon, interest rate trajectory and other global events such as the US - China trade war.
'If this first instalment of advance tax is paid by June 30, instead of June 15, then the interest on delayed payment will be levied at 0.75% per month instead of 1% per month,' notes Homi Mistry, a partner with Deloitte India.
No major deals above the value of USD 300 million happened last month, causing the decline from January, which registered deals worth USD 3.5 billion, according to a report released by consultancy firm EY on Wednesday.
Sebi has ordered attachment of bank and securities accounts of over 40 entities so far this year.
Both NRIs and those who make payouts on sale of property need to understand the TDS provisions that are applicable or risk punishment, warns Sanjay Kumar Singh.
Oil and Natural Gas Corporation, Hindalco Industries, Tata Steel and Vedanta were down up to 70 per cent below their one-year highs.
Insurance policy document will become digital and paperless like shares in the coming year and the policyholders would be saved from preserving the physical copies of their insurance policies.
Board to ask National Securities Depository to unfreeze 5% of FTIL's stake.
There is a need for further focus and strengthening of guidelines.
Besides bank accounts, Sebi has also in various proceedings ordered depositories, NSDL and CDSL, to attach the demat securities accounts of the erring entities.
The intial round of efforts did not achieve the objectives fully.
IBM, HP and HCL, have evinced interest in Sebi's proposal to upgrade toolsused for detecting frauds.
Wipro, HCL in race for Sebi's fraud detection system upgrade,
The buyout will cost LIC about Rs 100 billion, based on the Rs 248 billion market capitalisation of IDBI Bank as on Friday, and assuming it acquires a 40 per cent equity stake from the government.
The capital market regulator has to recover Rs 64.85 lakh (Rs 6.48 million) from Ranbaxy's former independent director V K Kaul and Rs 12.97 lakh (Rs 1.29 million) from his wife Bala Kaul.
Demonetisation, Donald Trump's surprise victory in the US presidential elections, and the fear that US Fed may hike rates in the upcoming policy review in December have dented market sentiments, report Puneet Wadhwa & Deepak Korgaonkar.
Employees are often under this impression that as the employer has deducted tax at source, they need not file income tax (IT) returns.
While your insurer will help you open an e-insurance account at the time of buying a policy, existing policyholders must do so themselves
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