Several changes have kicked in from 1 July 2020 for financial transactions that will directly impact consumers at all levels. This includes limiting number of free transactions at automated teller machines (ATMs) and paying stamp duty on purchases of mutual fund units.
Other...
The amendments in the Indian Stamp Act, 1899, to bring about uniformity of the stamp duty on securities across states will come into effect from Wednesday 1st July.
The Centre has created the legal and institutional mechanism to enable states to collect stamp duty on securities...
After the National Stock Exchange (NSE) reportedly decided to pull the plug from its trading software Neat on Web (NOW), 63 Moons Technologies Ltd has offered its software Odin to brokers at 50% discount.
In a release, 63 moons says, "Odin, which holds about 70% of the retail...
BSE Limited has invited claims from investors against two
stockbrokers—Grovalue Securities and Vineet Securities—who have been declared as defaulters and also expelled from the exchange.
The NSE has already expelled them and declared them as defaulters.
"Investors...
The Justice RM Lodha (retd) Committee appointed in the PACL Ltd matter has decided to allow investors or applicants with claims of up to Rs5,000 to rectify deficiencies found in their applications. PACL investors can check their application form and made rectification, if any till 31 July...
