Co-operative credit society deduction on bank deposit interest upheld where funds were business funds and income remained attributable to member credi...
Transfer pricing benchmarking and receivables adjustments remanded: segmental financials need proper scrutiny, and foreign-currency interest must trac...
SEBI amends the Foreign Portfolio Investors Regulations, 2019 by revising fee references, registration timing, and remittance mechanics. The regulations will generally commence on the 180th day from publication, while the new First Schedule insertion on date of birth/incorporation details takes effect immediately. Several US dollar fee amounts are replaced with rupee amounts in eligible foreign exchange equivalent, the fee under regulation 3(2) is omitted, and designated depository participants must remit collected INR fees to the Board within five working days of grant of registration or receipt of subsequent fees or late fees.
SEBI amends the Foreign Portfolio Investors Regulations, 2019 by revising fee references, registration timing, and remittance mechanics. The regulations will generally commence on the 180th day from publication, while the new First Schedule insertion on date of birth/incorporation details takes effect immediately. Several US dollar fee amounts are replaced with rupee amounts in eligible foreign exchange equivalent, the fee under regulation 3(2) is omitted, and designated depository participants must remit collected INR fees to the Board within five working days of grant of registration or receipt of subsequent fees or late fees.
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