Forex trading, also called currency trading, is the process of buying and selling currency pairs in the foreign exchange market. This market is the largest financial market in the world, where traders aim to profit by taking advantage of currency price changes.Forex is short for foreign exchange, and it involves the trade of currencies like USD/INR (US dollar to Indian … [Read more...] about What is Forex Trading: Is it legal to trade currency pairs in India?
Finance
Concurrent audit of Banks: Eligibility, Importance and Role of Auditor
In this article we will cover followings;What is a concurrent audit?Who is eligible to conduct a concurrent audit? and the auditor’s top 10 roles and responsibilities.In India we have two different types of audits: external audits and internal audits. Before discussing these, let us understand the term "audit".The term “audit” usually refers to examination and … [Read more...] about Concurrent audit of Banks: Eligibility, Importance and Role of Auditor
DIR-3 KYC Compliance for DIN Holders: Revised Regulatory Framework and Filing Requirements
Every individual who becomes a company director in India is allotted a Director Identification Number (DIN) by the Ministry of Corporate Affairs (MCA).To keep director records accurate, MCA requires DIN holders to confirm their personal details through Form DIR-3 KYC.As per the latest regulatory change notified by MCA, the filing requirement has been revised and is no … [Read more...] about DIR-3 KYC Compliance for DIN Holders: Revised Regulatory Framework and Filing Requirements
Why is my margin money blocked for trading after selling my shares?
As per SEBI's new peak margin rules, 20% of the value of stocks sold from your portfolio will be blocked for trading on the day you've sold them. The date on which its sold is known as transaction day or “T Day”This blocked margin will be available from the next trading day (T+1).This means, if you have sole shares for Rs 14,549.75, then Rs 2,909.95 (20% of 14,549.75) … [Read more...] about Why is my margin money blocked for trading after selling my shares?
Demat Debit and Pledge Instruction (DDPI)-All you need to know
SEBI has introduced the mechanism of “Demat Debit and Pledge Instruction (DDPI)” vide circular dated April 04, 2022. DDPI shall serve the same purpose of POA by significantly mitigating the misuse of POA.We all know, when you buy securities via your trading account, they are kept within the Demat Account maintained with CDSL/NSDL. When you decide to sell them, it's … [Read more...] about Demat Debit and Pledge Instruction (DDPI)-All you need to know