Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
Composite inpatient healthcare supply may retain exemption despite MRP medicine billing, while separate taxable sale characterisation remains disputed...
Working-capital adjustment determines whether software-services transfer-pricing margins fall within the statutory tolerance range, eliminating any ad...
Permanent establishment deductions upheld for expatriate salaries, direct costs and trading losses, while head-office costs require fresh classificati...
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 
of 4786
Join Channel
TaxTMI 
