Articles by Affluence Advisory

Revision in the Framework for Fundraising by Issuance of Debt Securities by Large Corporates

Affluence Advisory 24 January 2024 at 14:18

As per SEBI Regulation SEBI/HO/DDHS/CIR/P/2018/144 dated 26th November 2018 Large Corporates means all those listed Entities

Lifting the veil on taxability of Gift Vouchers: Landmark HC verdict

Affluence Advisory 19 January 2024 at 08:51

This recent Judgement passed by the Hon'ble Madras High Court has to an extent resolved the anomaly with respect to taxability of vouchers under the GST regime...

Centralized Information Management System (CIMS) Return for NBFCs

Affluence Advisory 16 January 2024 at 08:12

RBI issued a circular no. CO.DOS.RPD.No.7534/33-06-001/2023-24 dated January 01, 2024 requiring all Non-Banking Financial Companies (NBFCs) to file the applicable returns on new Centralized Information Management System (CIMS) platform.

LLP (Third Amendment) Rules, 2023: Register of Partners Maintenance and Expanded Scope of SBO Provisions

Affluence Advisory 10 January 2024 at 09:06

LLP (Third Amendment) Rules, 2023 bring in its purview Maintenance of Register of Partners & applicability of SBO provisions

CBIC Instructions to deal with taxability in case of secondment of employees

Affluence Advisory 03 January 2024 at 14:32

In light of the recent judgement pronounced by Honorable Supreme Court in the case of Northern Operating Systems Private Limited (NOS), CBIC has issued Instruction No. 05/2023-GST to prescribe the manner in which adjudication with respect to taxability in case of secondment has to be dealt.

RBI's Move to Regulate Investments in Alternative Investment Fund (AIFs)

Affluence Advisory 29 December 2023 at 08:52

On 19th December 2023, the Reserve Bank of India (RBI), issued guidelines regarding investments made in Alternative Investment Funds (AIFs) made by Banks and Non-banking Financial Companies (NBFCs), commonly referred to as regulated entities

Can a Category III AIF invest in Mutual Funds on a permanent basis as a part of their multi asset portfolio?

Affluence Advisory 27 December 2023 at 08:56

A Category III Alternative Investment Fund (AIF) requested the Securities and Exchange Board of India (SEBI) for an Informal Guidance by way of the interpretative letter under the provisions of the SEBI (Informal Guidance) Scheme, 2003.

RBI tightens norms for lenders investing in Alternate Investment Funds (AIFs)

Affluence Advisory 22 December 2023 at 07:24

The Reserve Bank of India (RBI) issued a circular, RBI/2023-24/90, on December 19, 2023, addressing concerns related to investments in Alternative Investment Funds (AIFs) by regulated entities (REs).

SEBI mandates AIFs to make investment in Demat form and appointment of Custodian for all the Categories

Affluence Advisory 09 December 2023 at 14:35

Securities and Exchange Board of India (SEBI) at its 203rd meeting held on Saturday, November 25, 2023, amended the SEBI (Alternative Investment Funds) Regulations, 2012 to facilitate ease of compliance and strengthen the protection of interest of investors in Alternative Investment Funds.

Master Direction on IT Governance, Risk, Controls and Assurance Practices from RBI

Affluence Advisory 08 December 2023 at 09:19

Provide a structure and strong governance framework for technology in the Banking and Financial segment. The regulators have been working in this direction of strengthening control frameworks for technology services including outsourcing