Norms for Silver Exchange Traded Funds (Silver ETFs) and Gold Exchange Traded Funds (Gold ETFs)

RELEVANT EXTRACT  A.In order to have regulatory mechanism for Silver Exchange Traded Funds (Silver ETFs),  amendments to SEBI (Mutual Funds) Regulations, 1996 (hereinafter called as “MF  Regulations”) have been notified vide Gazette notification no. SEBI/LAD-  NRO/GN/2021/56 dated November 9, 2021. These amendments to MF Regulations

Income Tax Department conducts searches on a leading Gutkha distributor in Gujarat

RELEVANT EXTRACT  The Income Tax Department carried out search and seizure operations on a leading  Gutkha distributor of Gujarat on 16.11.2021. The search action covered more than 15  premises at different locations in Ahmedabad. During the course of the search action, various incriminating documents and

RBI imposes Monetary Penalty on two Payment System Operators

RELEVANT EXTRACT  The Reserve Bank of India (RBI) has imposed monetary penalty on the following authorised Payment System Operators (PSOs) for committing offences of the nature referred to in Section 26(6) of the Payment and Settlement Systems Act, 2007 (PSS Act). Sr. No. Name of