"Mandatory requirement of Permanent Account Number (PAN) in Demat Account” plus 1 more

Mandatory requirement of Permanent Account Number (PAN) in Demat Account

Posted: 30 Jul 2010 07:36 PM PDT

SEBI has decided to penalise errant investors for not furnishing PAN details. The regulator has decided that PAN non-compliant demat accounts would be suspended for credit from IPO, FPO, rights issue, off-market transactions or secondary market transactions with effect from August 16,2010. This suspension, however, would not apply for credits arising out of automatic corporate actions. Depositories have been advised to amend relevant bye-laws, rules and regulations, for implementing the...

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Certificate of Lower collection of tax u/s 206C (9)

Posted: 30 Jul 2010 07:31 PM PDT

Section 206C of the Income-tax Act, 1961 - Collection of tax at source - Profits and gains from business of trading in alcoholic liquor, forest produce, scrap, etc. - Instruction regarding issue of certificate of lower collection of tax at source u/s 206C(9) Instruction No. 4/2010 [F.No. 275/23/2007-IT(B)], dated 21-7-2010 I am directed to state that instruction No.8/2006 dated 13.10.2006 was issued by the Board making it mandatory to get prior administrative approval of Additional...

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Indian News Info