Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
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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