SEBI – Refund of Security Deposit by Trading Members: Key Highlights

Securities and Exchange Board of India (SEBI) vide notification / Circular No. SEBI/HO/MIRSD/FCR/CIR/P/2021/01 issued and publishes dated 06th January, 2021, has published “Refund of Security Deposit” Section 11 (1) of the Securities and Exchange Board of India Act, 1992 read with Section 10 of the Securities Contract (Regulation) Act, 1956.
 The Circular is issued to :
• The Managing Director/Executive Director,
• All Stock Exchanges

 Aim and vision of this circular:
– to protect the interests of investors in securities, to promote the development of, and to regulate the securities market

 Previous Reference:
This is with reference to the letter MRD/DSA/OW/14347/4/2019 dated June 10, 2019 issued to NSE regarding refund of security deposit and arbitration mechanism after the surrender of membership of Trading Members.

How to file Income Tax Return of a Deceased Person

• According to the section 159 of the Income Tax Act, 1961; where a person
dies, his legal representative shall be liable to pay any sum which the deceased
would have been liable to pay if he had not died, in the like manner and to the
same extent as the deceased. The legal representative of the deceased shall,
for the purposes of this Act, be deemed to be an assessee.
• Income Tax return of deceased person can be filed by the legal heir/executor of
the deceased person. To file the ITR the legal representative/executor has to
get register as Legal heir on e-filing on portal.
• The legal heir has to login on e-filing portal and follow the below steps:

Budget 2020-2021 Wishlist

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‘दवाई नहीं तो ढिलाई नहीं’, but now I am saying again ‘दवाई भी और कड़ाई भी’: Prime Minister

Prime Minister Narendra Modi on Saturday launched India’s vaccination

Latest world junior rankings of Badminton World Federation released

In badminton, promising Indian shuttlers Varun Kapur and Samiya Imad Farooqui along with four other Indians have confirmed Top-10 spots in the latest world junior rankings of Badminton World Federation (BWF).

US imposes new sanctions on Chinese officials and state-owned oil company CNOOC

Chinese officials and state-owned oil company CNOOC

India and Japan sign MoU

India and Japan signed a Memorandum of Understanding to enhance cooperation in the field of Information and Communications Technologies today. The MoU was signed by Minister for Communications, Electronics and IT Ravi Shankar Prasad and the Japanese Minister for Internal Affairs and Communications Takeda Ryota.

Tribal Affairs Minister Arjun Munda to receive SKOCH Challenger Award

Tribal Affairs Minister Arjun Munda will virtually receive SKOCH Challenger Award conferred to the Ministry of Tribal Affairs for e-Governance on Saturday. The award has been given to the Ministry for its IT-led initiatives and other transformational initiatives leading to outcome-based performance improvement.

Next round of talks between Centre and farmer unions to be held on 19th January

The ninth round of talks between the Central Government and farmer unions was held in New Delhi on Friday.

2-day ‘Prarambh’, Start-up India International Summit begins

The two-day ‘Prarambh’, Start-up India International Summit began in New Delhi. Members of BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) countries participated in the inaugural event.