Derivative abetment liability fails when correctly declared imported components establish no underlying improper importation by the principal importer...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
SEBI amends the Custodian Regulations to replace annual fee references with monthly fee references across the fee and reporting provisions, with effect from 1 October 2026. The Second Schedule is revised to prescribe a monthly fee structure, require payment within 15 days after each month ends, and provide proportionate monthly fee for custodians registered after commencement. Custodians registered before commencement must pay proportionate annual fee for the year of commencement and monthly fee thereafter, with any annual fee already paid for a period overlapping commencement to be proportionately adjusted against the revised liability.
SEBI amends the Custodian Regulations to replace annual fee references with monthly fee references across the fee and reporting provisions, with effect from 1 October 2026. The Second Schedule is revised to prescribe a monthly fee structure, require payment within 15 days after each month ends, and provide proportionate monthly fee for custodians registered after commencement. Custodians registered before commencement must pay proportionate annual fee for the year of commencement and monthly fee thereafter, with any annual fee already paid for a period overlapping commencement to be proportionately adjusted against the revised liability.
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