Earlier to initiation of KRA by SEBI, investors were required to complete the KYC process as and when they interact with each type of SEBI Intermediaries by submitting the relevant documents, requirements of which may vary from intermediary to intermediary. In view of bringing uniformity in KYC requirements for the securities markets, SEBI has initiated…
In its judgment dated 30th January 2022, in the case of AMAR NATH– APPELLANT(S) VERSUS GIAN CHAND AND ANR. … RESPONDENT(S)[ (CIVIL APPEAL NO. 5797 OF 2009,], the Supreme Court observed that the production of the original power of attorney is not necessary if the document is presented for registration by the power of attorney…
The issue of the IX series of the Sovereign Gold Bonds (SGBs) scheme 2021-22 is open for subscription from January 10, 2022 – January 14, 2022.The nominal value of the bond based on the simple average closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the…
The government has decided to keep the interest rates for small savings schemes unchanged for January 2022 to March 2022 quarter, the seventh in a row. The last revision in small savings rates was for April-June 2020. This was announced by the finance ministry via a circular dated 31, December 2021. Thus, the interest in…
RBI announces the issue of the eighth series of the Sovereign Gold Bonds (SGBs) scheme 2021-22 for the public from November 29, 2021, to December 03, 2021. The nominal value of the bond based on the simple average closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity…
In the previous post “Redevelopment of Housing Society’s building: How to get down into task”, we have discussed things to know before entering into a redevelopment agreement with the builders and important conditions to be incorporated in the agreement. Many of my readers have asked me about my opinion about which option is better for…
There are several things to keep in mind while dealing with self redevelopment of a building, out of which conveyance of property in the name of the society is most important. If the conveyance is not executed in favour of the Society, the Society does not have legal rights or ownership of the land on…
The issue of the seventh series of the Sovereign Gold Bonds (SGBs) scheme 2021-22 was announced by the Reserve Bank of India. The subscription for gold bonds opens for the public from October 25, 2021, and will close on October 25, 2021. The nominal value of the bond based on the simple average closing price…
[This article elucidates on various types of problems to be encountered by the Society’s members in redevelopment of their building, procedures to be adapted for selecting a reliable builder/developer for the redevelopment project, and important conditions to be included while entering into a redevelopment agreement with the builder.] The redevelopment works best when a society…
The interest rates of a basket of 12 Small Savings Scheme instruments remain unchanged for the sixth straight quarter. The Finance Ministry on Thursday announced that interest rates on small saving schemes for the 3rd quarter starting from October 1, 2021, and ending on December 1, 2021, shall remain unchanged from the current rates applicable…