Corporate Updates – 19-08-2015


SEBI has amended the regulations relating to Alternate Investment Fund and the Securities and Exchange Board of India (Alternative Investment Funds) (Amendment) Regulations, 2015 which shall come into force on the date of their publication in the Official Gazette. A new Regulation 15(1)(h) has been inserted through which the investments made by Category I and Category II Alternative Investment Funds in the shares of entities listed on the institutional trading platform have been deemed to be investment in "Unlisted Securities" for the purpose of these regulations.


DVAT Authorities have again extended the last date of filing of online / hard copy of return for first quarter ended on 30-06-2015 for the financial year 2015-16, in Form DVAT-16, DVAT-17 and DVAT-48 along with required annexure / enclosures from 17/08/2015 to 25/08/2015. The last has been extended for the fourth time, to provide an opportunity to all stakeholders to file their returns. However, the tax due shall continue to be paid in the usual manner as per the provisions of section 3(4) of the Delhi Value Added Tax Act, 2004. Further, the dealers filing the returns through digital signature need not be required to file hard copy of the return / Form DVAT-56.

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