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Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
SEBI amended the securitised debt instruments and security receipts regulations to tighten governance and disclosure requirements. Where the originator is RBI-regulated, the special purpose distinct entity may have only one board representative from that originator, and the representative has no veto power. The amendment also bars a special purpose distinct entity from acquiring debt or receivables from an originator that is in the same group as, or under the same control as, the trustee. Several provisions replace references from "originator" to "servicer," expand the circumstances for action or direction in investors' interest, substitute trustee-related wording in the event of suspension or cancellation, and add concentration risk from single asset securitisation to Schedule V.
SEBI amended the securitised debt instruments and security receipts regulations to tighten governance and disclosure requirements. Where the originator is RBI-regulated, the special purpose distinct entity may have only one board representative from that originator, and the representative has no veto power. The amendment also bars a special purpose distinct entity from acquiring debt or receivables from an originator that is in the same group as, or under the same control as, the trustee. Several provisions replace references from "originator" to "servicer," expand the circumstances for action or direction in investors' interest, substitute trustee-related wording in the event of suspension or cancellation, and add concentration risk from single asset securitisation to Schedule V.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
