Power to receive documentary evidence upheld; documents referred in complaint may be placed on record without amendment where omission was inadvertent...
Proof of foreign public documents requires originals or certified diplomatic/notarial copies; inspection must occur in-magna presence and cross-examin...
Prior Sanction Requirement: absence of prescribed approval invalidates reassessment notice; limitation also bars notice if escaped income below thresh...
Eligibility for exemption depends on strict construction of the product description; reapers without binder are ineligible, but confiscation and penal...
SEBI has modified nomination norms for demat accounts and mutual fund folios to simplify investor on-boarding and the nomination process. For single accounts opened on or after the implementation date, nomination is mandatory unless the investor submits an opt-out declaration; nomination remains optional for jointly held accounts, but any addition or change requires the consent of all joint holders. Investors may appoint up to three nominees, choose online or offline submission, and provide only mandatory particulars while optional details may be furnished at their choice. Regulated entities must keep the nomination facility, acknowledgements, statement disclosures, and nudges for non-nominated accounts. The circular applies from 1 September 2026 and supersedes earlier nomination circulars.
SEBI has modified nomination norms for demat accounts and mutual fund folios to simplify investor on-boarding and the nomination process. For single accounts opened on or after the implementation date, nomination is mandatory unless the investor submits an opt-out declaration; nomination remains optional for jointly held accounts, but any addition or change requires the consent of all joint holders. Investors may appoint up to three nominees, choose online or offline submission, and provide only mandatory particulars while optional details may be furnished at their choice. Regulated entities must keep the nomination facility, acknowledgements, statement disclosures, and nudges for non-nominated accounts. The circular applies from 1 September 2026 and supersedes earlier nomination circulars.
Note: It is a system-generated summary and is for quick reference only.
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