MGC Developments ’s Post

I have seen so many people scared of doing NEFT or RTGS because the system doesn't verify beneficiary name. Those with severe anxiety about making the payment right also go as far as to use cheques but not RTGS. 🫠 Here's the solution. Now, we will be able to verify the beneficiary name before shooting the RTGS request from 1st April 2025. (Copy of the circular attached) 🛠️ Small hack: You can do it even today with your GPay using UPI id search. The format is: accountnumber@SBINXXXXX.ifsc.npci Where: Account number is to be typed for "accountnumber" & corresponding IFSC for "SBINXXXX" 🤘 #payment #paymentsolutions #neft #rtgs #india #npci #rbi P.S. First published in the 1% Club.

SEBI in its board meeting dated 30 April 2024 has approved the proposal to allow FPIs based in IFSC, GIFT City to accept up to 100% contributions from NRIs, OCIS and Resident Indians (RIs). This was followed by International Financial Services Centre Authority (IFSCA) Circular No. F. No. IFSCA- IF-10PR/2/2024-Capital Markets dated 02 May 2024 (IFSCA FPI Circular) laying down eligibility criteria and KYC parameters for FPIs accepting up to 100% commitment from NRIs and OCIs on similar lines as proposed by SEBI in its Board Meeting. #Compliance #SEBI #Regulatoryupdates #Giftcity #legal #financialmarkets #Giftcitycompliance

Thanks for the team’s effort, IQAX eBL solution has received approval from the International Group of P&I Clubs (IG P&I Clubs) for our interoperable addendum. This is an important milestone for the industry and here's why: 1. Interoperability: The approval includes an interoperable addendum, enabling seamless transactions with other IG P&I Clubs approved eBL solution providers. This is a crucial step towards achieving a fully digital and interconnected trade documentation ecosystem. 2. Efficiency and Security: Our interoperable eBL approach ensures the uniqueness and validity of transfers, meeting legal requirements and promoting a scalable, efficient, and secure digital trade documentation process. 3. Industry Leadership: This approval solidifies IQAX's position at the forefront of digital trade transformation, supporting interoperability with other eBL platforms and driving the future of global trade documentation and accelerate the adoption of our eBL solution. For more information about IQAX eBL and its interoperability capabilities, please click the following link to read the full article：https://lnkd.in/g7cS_82G #IQAXeBL 

Great to deepen FMSB's engagement with the global regulatory community through IOSCO membership. Some of the committee discussions and presentations in Athens last week being particularly relevant to FMSB's ongoing work on: - Pre-hedging - Governance of sustainability linked products - Market facing applications of AI and the extent to which they pose new risks for market participants / how these risks can be managed

SEBI has directed all the Depository Participants (brokers) to provide the facility of Basic Services demat Account where on holdings of securities worth up to 4 Lakhs the Annual Maintenance charges will be NIL. On holdings of above 4 Lakhs but up to 10 Lakhs, there will be a maximum AMC of Rs. 100 only. SEBI has issued this circular to achieve wider financial inclusion to encourage the holding of demat accounts and to facilitate ease of investing by providing the facility of a “Basic Services Demat Account” with a set of defined services for eligible individuals. This circular shall come into effect from September 01, 2024, in supersession of para 1.8.1 to para 1.8.5 of the Master Circular for Depositories dated October 06, 2023. #CA #CS #MERCHANTBANKING #SEBI #LATEST #UPDATE #JTwrites #CORPORATEGOVERNANCE

How to Make a Withdrawal with KVB? Ready to access your funds? Learn How to Withdraw from Your KVB Account in Just Minutes! This quick and easy tutorial guides you through each step of the withdrawal process from your KVB account. From navigating the platform to confirming your withdrawal, we've got you covered to ensure a seamless experience. Whether you're a beginner or just need a refresher, click play and start managing your funds effortlessly today! #KVB #KVBOfficial #KVBBroker #KVBGlobal #KVBTradingPlatform #KVBForex #KVBApp #KVBWebsite #OneStopTradingPlatform #KVBBrokerReview #TradingAccount #InvestmentAccount #TradingPlatform #investmentplatform #Withdrawal

Every #ECIP recipient should be looking to sign Treasury's ECIP Securities Purchase Option Agreement, regardless of whether they anticipate qualifying for early disposition. The agreement provides several tangible benefits to ECIP participants wholly separate from early disposition. We are working with several MDIs and CDFIs, but plenty of capacity to help others too!

How to make deposit with KVB? Ready to Trade? Learn How to Make Deposit with KVB in Minutes! This quick tutorial walks you through every step of depositing funds into your KVB account. From setting up your account to making your first deposit, we cover it all to ensure you’re ready to start trading seamlessly. Perfect for both beginners and those needing a refresher. Click play and get your KVB trading journey started today! #KVB #KVBOfficial #KVBGlobal #KVBBroker #KVBTradingPlatform #KVBForex #KVBApp #KVBWebsite #OneStopTradingPlatform #KVBBrokerReview #Makedeposit #TradingAccount #InvestmentAccount #TradingPlatform #investmentplatform

IQAX Limited’s electronic bill of lading (eBL) solution has received approval from the International Group of P&I Clubs (IG P&I Clubs) for IQAX eBL interoperable addendum (version dated 6 December 2024).   This official approval extends IQAX eBL's capabilities to include eBL transactions between IQAX eBL and other approved eBL solution providers, marking a crucial step toward achieving seamless digital trade documentation across platforms. The approval builds upon IQAX eBL's existing success, which has seen over 20,000 customers trust the platform for digital bill-of-lading transactions since its initial IG P&I Clubs approval in June 2022. The newly approved interoperable addendum highlights that the current interoperable eBL approach—utilizing GSBN as a Control Tracking Registry—ensures the uniqueness and validity of interoperable transfers. This not only satisfies the legal requirements for IG P&I Club approval but also establishes a scalable and commercially viable solution that brings us closer to the goal of full eBL adoption.   IQAX remains committed to expanding its network of interoperable partners and continuing to enhance its digital solutions to meet the evolving needs of the global trade community.   For more information about IQAX eBL and its interoperability capabilities, please click the following link to read the full article： https://lnkd.in/g7cS_82G #IQAXeBL #billsoflading #digitaltransformation #shippinglogistics

⏰ If you register after the deadline, you risk delays in obtaining Release Prior to Payment (RPP) benefits and will need to manually register for those benefits in your CARM Client Portal. The CBSA’s processing takes time, without RPP benefits you will need to pay upfront for entries made. #HOCGlobalSolutions #CustomsBroker #ImportExport #CustomsClearance #CARM #CBSA