Monday, May 13, 2019

Fund Managers need to appoint custodian who deals in commodity derivatives: SEBI

The Market Regulator, SEBI has amended the SEBI (Portfolio Managers) Regulation, 1993 and SEBI (Alternative Investment Funds) Regulations, 2012 wherein it has been specified that Portfolio Managers and Alternative Investment Funds Managers need to appoint the custodian to have custody of underlying assets in case of physical settlement of Contract.

from taxmann.com News http://bit.ly/2YqYYzH
-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...