SEBI Commodity derivatives – miscellaneous norms - Securities Exchange Board of India (SEBI) vide Circular dated 26th September, 2016 has issued miscellaneous norms related to commodity derivatives. Investor Protection Fund (IPF) and its related matters - Securities Exchange Board of India (SEBI) vide Circular dated 26th September, 2016 has issued circular with regard to constitution and Management of the Investor Protection Fund (IPF), Contributions to the IPF, Manner of filling/inviting claims from the Investors/Clients, Eligibility of claims, Determination of Legitimate Claims, Threshold limit of Claims and Disbursements of Claims from the IPF. Enhanced Supervision of Stock Brokers/Depository Participants - Securities Exchange Board of India (SEBI) vide Circular dated 26th September, 2016 issued a Circular providing the Guidelines for Enhanced Supervision of Stock Brokers/Depository Participants. The Guidelines include the nomenclature for bank accounts and demat accounts which is to be uniformly followed, a Sophisticated alerting and reconciliation mechanism for monitoring the Client’s Funds, Changes in the existing system of internal audit for stock brokers/depository participants and Imposition of uniform penal action in the event of non-compliance with specified requirements. It further requires Stock Exchanges/Depositories to disseminate the information provided in the Circular on their website, make necessary amendments for attaining uniformity and communicate to SEBI the status of implementation in their Monthly Development Reports. TAXATION CBEC – Release of Draft GST Formats, Forms and Rules - CBEC has released Draft GST Formats, Forms and Rules. The Board has released Draft Registration Rules & formats, Payment Rules & formats and Invoice Rules & formats for public comments. Further, CBEC has also released Draft formats for each of the Rules mentioned herein which include Application for Registration under the Act, Application for Registration for Non Resident Taxable Person, Application for extension of registration period by Casual / Non-Resident taxable person.

1. September 27, 2016
www.acquisory.com 1
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CORPORATE
SEBI
Commodity derivatives – miscellaneous
norms
Securities Exchange Board of India (SEBI)
vide Circular No.
SEBI/HO/CDMRD/DRMP/CIR/P/2016/93
dated 26th September, 2016 has issued
miscellaneous norms related to commodity
derivatives.
http://www.sebi.gov.in/cms/sebi_data/at
tachdocs/1474888017641.pdf
Investor Protection Fund (IPF) and its
related matters
Securities Exchange Board of India (SEBI)
vide Circular No.
SEBI/HO/CDMRD/DEICE/CIR/P/2016/94
dated 26th September, 2016 has issued
circular with regard to constitution and
Management of the Investor Protection
Fund (IPF), Contributions to the IPF, Manner
of filling/inviting claims from the
Investors/Clients, Eligibility of claims,
Determination of Legitimate Claims,
Threshold limit of Claims and Disbursements
of Claims from the IPF.
http://www.sebi.gov.in/cms/sebi_data/at
tachdocs/1474890863244.pdf
Enhanced Supervision of Stock
Brokers/Depository Participants
Securities Exchange Board of India (SEBI)
vide Circular No.
SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95
dated 26th September, 2016 issued a Circular
providing the Guidelines for Enhanced
Supervision of Stock Brokers/Depository
Participants. The Guidelines include the
nomenclature for bank accounts and demat
accounts which is to be uniformly followed,
a Sophisticated alerting and reconciliation
mechanism for monitoring the Client’s
Funds, Changes in the existing system of
internal audit for stock brokers/depository
participants and Imposition of uniform penal
action in the event of non-compliance with
specified requirements. It further requires
Stock Exchanges/Depositories to
disseminate the information provided in the
Circular on their website, make necessary
amendments for attaining uniformity and
communicate to SEBI the status of
implementation in their Monthly
Development Reports.
http://www.sebi.gov.in/cms/sebi_data/at
tachdocs/1474895821251.pdf

2. September 27, 2016
www.acquisory.com 2
TAXATION
CBEC – Release of Draft GST Formats, Forms
and Rules
CBEC has released Draft GST Formats, Forms
and Rules. The Board has released Draft
Registration Rules & formats, Payment Rules
& formats and Invoice Rules & formats for
public comments. Further, CBEC has also
released Draft formats for each of the Rules
mentioned herein which include Application
for Registration under the Act, Application
for Registration for Non Resident Taxable
Person, Application for extension of
registration period by Casual / Non-Resident
taxable person. Comments on Draft Rules
and Formats may be given by 28th
September, 2016.
For any query:
Contact – Sunaina Jhingan
Email – Sunaina.jhingan@acquisory.com