Indian Market, Regulation & Taxation

Additional Surveillance Measure

An exchange framework placing restrictions on securities showing unusual price or volume behaviour.

Test: the security meets criteria on price variation, volume, delivery percentage, concentration or valuation over the review period qualitative

Advance Tax

Income tax paid in instalments during the financial year rather than as a lump sum at the end.

Instalments: 15% by 15 June, 45% by 15 September, 75% by 15 December and 100% by 15 March, cumulative of the estimated liability ₹

Indian Market, Regulation & Taxation

AMFI

The Association of Mutual Funds in India, the industry body that sets standards and publishes industry data.

Test: the entity is a SEBI-registered mutual fund and a member of the association qualitative

Indian Market, Regulation & Taxation

Anchor Investor

A qualified institutional buyer allotted shares in an IPO a day before the issue opens to the public, at a fixed price.

Test: the investor is a qualified institutional buyer allotted within the anchor portion, subject to a minimum application size and a lock-in qualitative

Indian Market, Regulation & Taxation

Annual Information Statement

A consolidated statement from the income tax department showing financial transactions reported against a taxpayer's PAN.

Test: the transaction was reported to the tax department by a bank, broker, depository, fund house or registrar against the taxpayer's PAN qualitative

Indian Market, Regulation & Taxation

ASBA

Application Supported by Blocked Amount: the mechanism by which IPO application money is blocked in the applicant's bank account rather…

Test: the application amount is blocked in the investor's own bank account and debited only to the extent of shares actually allotted qualitative