- Revision of UPI limits in Public Issue of Equity Shares and convertibles
Circular number – SEBI/HO/CFD/DIL2/CIR/P/2022/45
Dated – 5.04.2022
SEBI has decided that all Individual Investors applying in Public Issues where the application amount is upto 5 Lakhs shall use UPI and shall also provide their UPI ID in the bid-cum-application form submitted with any of the entities mentioned herein below:
i. a syndicate member
- a stock broker registered with a recognised stock exchange (and whose name is mentioned on the website of the stock exchange as eligible for this activity)
iii. a depository participant (‘DP’) (whose name is mentioned on the website of the stock exchange as eligible for this activity)
iv. a registrar to an issue and share transfer agent (‘RTA’) (whose name is mentioned on the website of the stock exchange as eligible for this activity).
This circular shall come into force for Public Issues opening on or after May 01, 2022 and is being issued in exercise of the powers under section 11 read with section 11A of the Securities and Exchange Board of India Act, 1992.
- Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Amendment Bill, 2022
Bill number – 96 of 2022
Dated – 5.04.2022
In the Weapons of Mass Destruction and their Delivery Systems (Prohibition of Insertion of new Unlawful Activities) Act, 2005, after section 12, the following section has been inserted:
Prohibition on financing – “12A. (1) No person shall finance any activity which is prohibited under this Act, or under the United Nations (Security Council) Act, 1947 or any other relevant Act for the time being in force, or by an order issued under any such Act, in relation to weapons of mass destruction and their delivery systems.
(2) For prevention of financing by any person of any activity which is prohibited, the Central Government shall have power to— (a) freeze, seize or attach funds or other financial assets or economic resources (b) prohibit any person from making funds, financial assets or economic resources or related services available for the benefit of persons related to any activity which is prohibited under this Act, or under the United Nations (Security Council) Act, 1947 or any other relevant Act for the time being in force, or by an order issued under any such Act, in relation to weapons of mass destruction and their delivery systems.
(3) The Central Government may exercise its powers under this section through any authority who has been assigned the power under sub-section (1) of section 7.”
- CBDT notifies 4 Countries under section 89A of Income-tax Act, 1961
Notification Number – 25/2022- Income Tax
Dated – 4.04.2022
In exercise of the powers conferred by section 89A of the Income-tax Act, 1961 (43 of 1961), the Central Government has mentioned the following countries as a “notified country”:
– Canada
– United Kingdom of Great Britain
– Northern Ireland
– United States of America
- Track & Trace system for export of drug formulations extended till 31.03.2023
Public Notice No. 01/2015-20-DGFT
Dated – 4.04.2022
The date for implementation of Track and Trace system for export of drug formulations with respect to maintaining the Parent-Child relationship in packaging levels and its uploading on Central Portal has been extended up to 31.3.2023 for both SSI and non-SSI manufactured drugs.