Corporate Updates – 09-10-2014

SEBI:

SEBI has amended the regulations named the SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992, which shall come into force on the date of their publication in the official Gazette. According to amended regulations, SEBI dispenses with requirement of separate registration for stock brokers for operating in multiple exchanges as no separate registration shall be required for a stock broker registered with the Board to operate in more than one stock exchange, of which he is admitted as a member, subject to grant of approval by the concerned stock exchange and compliance of other rules & regulations as prescribed under these rules.

Rajasthan VAT:

Rajasthan Government has notified the Rajasthan Value Added Tax (Second Amendment) Rules, 2014, which shall come into force on the date of their publication in the official Gazette. Amendment have been made in Rules 17A, 19, 37, 79A, Form VAT-10 and Form VAT-69 and revises VAT return form and now seeks details of goods sold by agent in new form.

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