Sebi Bans JM Financial from Managing Debt Public Issues Till March 2025

[ad_1] Sebi, prima facie, found that JMFL, as a lead manager, had allegedly irregular practices involving retail investors and associated companies within the JM Group. Markets regulator Sebi, in a confirmatory order, clarifies that the restriction only applies to public issues of debt securities and does not affect JM Financial Ltd’s other activities, including equity…

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53rd GST Council Meeting: GST On Milk Cans 12%, Platform Tickets Exempted, FM Announces Key Decisions

[ad_1] FM Nirmala Sitharaman addressing media after GST Council Meeting on June 22 53rd GST Council Meeting: FM Nirmala Sitharaman announced several decisions of the GST Council. 53rd GST Council Meeting: The GST Council on Saturday announced various recommendations relating to taxation, ITC claims and demand notices. GST Council recommended a uniform rate of 12% on…

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Paytm To Close Wallets Of These Users From July 20

[ad_1] Paytm will be notifying affected users via communication channels and providing a period before closure. RBI issued a directive restricting PBBL wallet from accepting new deposits or allowing credit transactions after March 15, 2024. To streamline inactive accounts, Paytm Payments Bank Limited (PPBL) has announced that it will close wallets with zero balances that…

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