The weekly messenger | Edition 11.17
March 2017
This newsletter is a weekly compilation of accounting, auditing and related regulatory news from different accounting and regulatory bodies in India and overseas.
This newsletter is a weekly compilation of accounting, auditing and related regulatory news from different accounting and regulatory bodies in India and overseas.
Regulatory News
Investment in Units of “REIT & InvIT” – 14 March 2017
The Insurance Regulatory and Development Authority of India (IRDAI) has amended the master - circular – Investments 2016 wherein it has now allowed the insurers to invest in units of “Real Estate Investment Trusts (REIT) & Infrastructure Investment Trusts (InvIT)” subject to fulfillment of certain conditions such as:
- Limits up to which insurer can invest;
- Restrictions on investment if the sponsor is under the promoter group of the insurer;
- Bifurcation of investment into ‘Approved or Other Investments’ as per the ratings of the trust;
- Valuation of the investment etc.
For more information, Click here
Revision of EPF admin charges – 15 March 2017
The central Government has reduced the admin charges payable under the Employees’ Provident Fund (EPF) Scheme, 1952 from 0.85 % to 0.65 % w.e.f 1 April 2017.
For more information, Click here