The Principal rules were published in the Gazette of India, Part II Section 3, sub-section(i) vide GSR No 229(E) dated 1st April, 2009 and subsequently amended by GSR No. 385(E) and 386(E) dated 4th June, 2009, GSR No 6(E) dated 6th January, 2010, GSR 24(E) dated 11th January, 2010, GSR 914(E) dated 15th November, 2010, GSR 506(E) dated 5th July, 2011, GSR 680(E) dated 14th September, 2011, GSR 796(E) dated 4th November, 2011, GSR 430(E) dated 5th June, 2012, GSR 485(E) dated 21st June, 2012, GSR 692(E) dated 14th September, 2012 and GSR 333(E) dated 29th April, 2015, GSR 785(E) dated 15th October, 2015.
Showing posts with label Gazette of India. Show all posts
Showing posts with label Gazette of India. Show all posts
Notification under regulation 3 of the SEBI (Certification of Associated Persons in the Securities Markets) Regulations, 2007
THE GAZETTE OF INDIA
EXTRAORDINARY
PART – III – SECTION 4
PUBLISHED BY AUTHORITY
NEW DELHI, JANUARY 27, 2014
SECURITIES AND EXCHANGE BOAR
D OF INDIA
NOTIFICATION
Mumbai, the 27th day of January, 2014
Notification under regulation 3 of the Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007.
No. LAD-NRO/GN/201-14/42/118.- In terms of sub-regulation (1) of regulation 3 of the Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007 (hereinafter referred to as “the Regulations”), the Board may require, by notification, any category of associated persons as defined in the Regulations to obtain requisite certification(s).
2. Vide notification dated 19th June, 2013, it was notified that Investment Advisers and their associated persons, including their partners and representatives, offering investment advice, shall obtain certification from the National Institute of Securities Markets (hereinafter referred to as “NISM”) by passing the NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination (hereinafter referred to as “IACE-1″) as mentioned in the NISM communiqué No. NISM/Certification/Series-X-A: IA-L1/2013/01 dated May 21, 2013 or NISM Certified Personal Financial Advisor examination. It was also mentioned that such associated person shall also obtain certification for the purpose of sub-regulation (2) of regulation 7 of the SEBI (Investment Advisers) Regulations, 2013 by passing NISM-Series-X-B: Investment Adviser (Level 2) Certification Examination, as and when notified by the Board.
3. Accordingly, it is notified that Investment Advisers and their associated persons, including their partners and representatives, offering investment advice, shall obtain certification from NISM by passing the NISM-Series-X-B: Investment Adviser (Level 2) Certification Examination (hereinafter referred to as “IACE-2″) as mentioned in the NISM communiqué No. NISM/Certification/Series-X-B: IA-L2/2013/01 dated November 26, 2013:
Provided that if such an associated person has obtained certification by passing “Certified Financial Planner” certification from the Financial Planning Standards Board India (hereinafter referred to as “FPSB India”) as on date of this notification or obtains the “Certified Financial Planner” certification from FPSB India within thirty days from the date of this notification, he shall not be required to obtain certification by passing the IACE-1 or IACE-2.
4. Notwithstanding anything contained in this notification, such associated person, may, in alternative, also obtain certification from organizations and institutions accredited by NISM, for purpose of sub-regulation (2) of regulation 7 of the Securities and Exchange Board of India (Investment Advisers) Regulations, 2013.
U.K.SINHA
CHAIRMAN
SECURITIES AND EXCHANGE BOARD OF INDIA
Amendments in Chapter 3 of Foreign Trade Policy 2009-14
To be published in the Gazette of India Extraordinary Part II
Section 3, Sub Section (II)
Government of India
Ministry of Commerce & Industry
Department of Commerce
Udyog Bhawan, New Delhi
Notification No: 64 (RE-2013)/2009-2014
New Delhi, the 06 January, 2014
Subject: Amendments in Chapter 3 of Foreign Trade Policy 2009-14
S.O.(E) In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with Para 1.3 of the Foreign Trade Policy, 2009-2014, the Central Government hereby makes the following amendments in the Foreign Trade Policy (FTP) 2009-14 with immediate effect:
2. Para 3.17.11of FTP 2009-14 is amended [Portion being added has been marked in bold letters] to be read as under:
“3.17.11: Duty Credit Scrip can be utilised / debited for payment of Custom Duties in case of EO defaults for Authorizations issued under Chapters 4 and 5 of this Policy. However, penalty / interest shall be required to be paid in cash. Scrips issued under SHIS, SFIS and AIIS cannot be utilised / debited for payment of Custom Duties in case of EO defaults for Authorizations issued under Chapters 4 of this Policy. Duty credit scrips can also be used for payment of composition fee under FTP, for payment of application fee under FTP, if any and for payment of value shortfall in EO under para 4.28 (b) of HBP v1 2009-14.”
Effect of this Notification: SHIS, SFIS and AIIS scrips cannot be used for payment of Custom duty for shortfall in EO in Advance Authorisation or DFIA (i.e. default in EO for authorisation issued under Chapter 4 of Foreign Trade Policy).
(Anup K. Pujari)
Director General of Foreign Trade
E-mail: dgft@nic.in
[Issued from File No. 01/61/180/123/AM13/PC3]
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