goodreturns.in 2018-12-12 06:08:00
» SEBI To Discuss Easier Market Participation Rules In Board Meet SEBI To Discuss Easier Market Participation Rules In Board Meet Business Published: Wednesday, December 12, 2018, 11:38 [IST] Subscribe to GoodReturns Newlyweds PeeCee-Nick Go For Their Honeymoon The Securities and Exchange Board of India (SEBI) in its board meeting today will discuss measures to expand its offer-for-sale framework to more companies, relax its norms for clubbing of investment limits by established foreign investors and tighten insider trading rules, PTI reported citing the regulator's officials. A number of other important matters will also be discussed such as relaxations for new-age ventures in sectors like e-commerce, data analytics and biotechnology to raise funds and get the shares of these new-age ventures traded on stock exchanges and creating a separate category of "difficult to recover" cases for optimal utilisation of its resources, it further said. The important discussions would be around: 1. Introducing a common custodian for equity and commodities: Institutional investors like mutual funds or foreign institutional investors could not invest in commodity derivatives due to lack of custodians. The SEBI board will decide if securities custodians could be able to track commodities as well. 2. Making startup listing rules easier by reducing trading lot size among other norms 3. Allowing mutual funds to "side-pocket" where the liquid scheme will be separating their risky securities from the rest. 4. Offer for Sale (OFS) framework will be expanded to help the government in the disinvestment process. 5. Relaxing clubbing investment limit for Foreign Portfolio Investors (FPI) by clubbing investment limits only if more than 50 percent of the funds have common ownership with multiple entities. 6. Non-banking finance companies (NBFCs) won't need to disclose changes in shareholding due to encumbered or pledged shares.
www.goodreturns.in 2018-12-11 06:13:33
Clarifying on real estate buyers interest, the finance ministry on Saturday said that real estate buyers who buy a property for which completion certificate has ...
goodreturns.in 2018-12-04 03:00:00
» SEBI Extends Deadline To Transfer Physical Shares To Demat SEBI Extends Deadline To Transfer Physical Shares To Demat Business Updated: Tuesday, December 4, 2018, 8:30 [IST] Subscribe to GoodReturns The Securities and Exchange Board of India (SEBI) has extended the deadline to convert shares and other securities in physical form to demat from 5 December 2018 to 1 April 2019. It was earlier informed that in order to be able to keep holding investments, any shares or securities could only be held in dematerialized form starting 5 December. A KYC procedure is also required to be completed. Also Read: Here's Why You Need To Convert Physical Share Certificate To Demat Investors especially senior citizens rushed to the registrar and agents to complete the required paperwork. Non-convertible debentures and bonds were earlier available in demat as well as physical certificates but all the recent issuances are only being made if investors applied through their demat accounts. The regulator in a statement said, "SEBI has received representations from shareholders for extension of the date of compliance. In view of the same, the deadline has been extended and the aforesaid requirement of transfer of securities only in demat form shall now come into force from April 1, 2019." The extension of the deadline will allow investors some time to comply with the new regulatory requirements. The dematerialized format was enforced to protect investors from frauds resulting from unclaimed dividends, among others, as the electronic form will be linked to a bank account.
goodreturns.in 2018-11-22 09:13:00
There are different modes of investment under section 80C besides the traditional insurance schemes and the compulsory EPF contribution. However, there are way too many tax saving options and it could get confusing as an investor to decide how to exploit the maximum tax exemption limit of Rs 1.50 lakh under section 80C. Two such popular investment options are PPF (pubic public fund) and Equity Linked Savings Scheme (ELSS). While most of us look at the tax saving benefits, returns should be one of the major considerations as it helps you decide if the amount saved on tax is worth sacrificing the profit. There are also other factors like tenure of the investment, which we shall explore below. Features ELSS, as the name suggests, is equity-linked, which means its performance is market driven. The returns from equity-linked mutual schemes are known to give higher returns when compared to traditional investments. PPF is more like a voluntary EPF scheme that the government started to encourage residents to save for their retirement. It can also be opened in the name of a minor. Interest earned on it is decided by the government every quarter. The rate was revised from 7.6 percent to 8 percent for the third quarter of 2018-19. One is allowed to make partial withdrawals (up to 50 percent) from PPF after the sixth year of the scheme. You can take a loan against your accumulations in both the schemes. You can get funding up to 90 percent of the accumulation in case of PPF and up to 50 percent in the case of ELSS. Returns ELSS has given higher returns to investors when compared to PPF in the past. It could range from 12 to 30 percent. However, unlike the rate of return on PPF, it is not guaranteed and is based on the performance of the stock market. PPF, on the other hand, is backed by the government, which means that your investment is safe and interest promised will be received. The choice of the scheme depends on the investor's goals. How much time they are willing to wait and the amount to the risk they are willing to take. Also, the reason to invest in the instrument could vary. Which means that if you are planning to save for a car, ELSS should serve you better than PPF which can be used to pay for your child's education. Time horizons ELSS has a minimum lock-in period of 3 years with no premature withdrawal. PPF has a lock-in period of 15 years with 50 percent withdrawal allowed after the completion of 7 years. Both the schemes can be extended at the time of maturity. Tax Benefits The one major factor to make a comparison of the two instruments is that they both enjoy the EEE (exempt-exempt-exempt) tax status. It means that tax is exempted from the schemes at the time of investment, accumulation of interest as well as withdrawal. However, in case of ELSS, from the year 2018-19, the returns, which becomes long-term capital gain after 3 years (since it is equity-linked) will be tax-free up to the extent of Rs 1 lakh only. Beyond Rs 1 lakh, it will be taxed at 10 percent. Since both the exemptions come under section 80C, the investment towards the schemes per year needs to come within the Rs 1.5 lakh bracket every year.
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