SEBI has introduced significant changes to the rules governing base prices, pre-open auctions, and price bands for ETF investments. Designed to protect investors and regulate excessive market volatility, these new regulations will come into effect on September 7. Changes to base price and pre-open auction rules Change in base price: Previously, the Net Asset Value (NAV) from two days prior served as the base price. Going forward, the average market price during the last 30 minutes of the previous trading day will be considered the base price. In the event that no trading occurred, the last traded price or the NAV will be taken into account. Equity and Debt ETFs: The price band, previously set at 20 percent, will now be reduced to an initial 10 percent. Once the 10 percent limit is reached, a 15-minute 'cooling-off' period will follow, after which the band will be expanded by an additional 5 percent in the direction of the price movement. Gold and Silver ETFs: The in...
Discover essential business general knowledge questions and answers to boost your understanding of corporate concepts, management strategies, and global business trends. Perfect for students, professionals, and competitive exam preparation. Business related gk questions and answers Business Quiz questions and Answers 1.Questions: Do the PAN cards and Aadhaar cards of deceased persons need to be surrendered? There is no legal requirement to immediately surrender the PAN card of a deceased person. However, it is advisable to hand it over to the Income Tax Department to prevent any potential misuse. It is best to surrender the PAN card only after transferring assets—such as bank accounts, mutual funds, and properties—to the legal heirs and after the heirs have filed the final income tax return on the deceased's behalf. The Unique Identification Authority of India (UIDAI) has not prescribed any official procedure for cancelling, deleting, or surrendering the Aadhaar card. Therefore, t...