Transfer pricing comparables and adjustments: Tribunal revisits loss-maker status, segmental comparability, working capital relief, and risk allocatio...
Business expenditure disallowance failed where commission, related-party salary and promotion payments were supported by records and inquiry was inade...
SEBI amends the municipal debt securities framework by defining "retail individual investor" and clarifying "working day" for bid periods and post-issue listing timelines. It introduces a separate regime for ESG debt securities by linking compliance to the Non-Convertible Securities Regulations, and adds a pooled financing provision for special purpose vehicles under the Pooled Finance Development Fund Scheme, requiring constituent municipalities' agreements and disclosure. The amendments also expand permitted electronic advertising, require a national-daily notice with QR code and link, allow specified investor incentives only to initial allottees, update disclosure schedules for refinancing and SPV issues, and strengthen offer-document, financial, litigation, borrowing and risk-factor disclosures.
SEBI amends the municipal debt securities framework by defining "retail individual investor" and clarifying "working day" for bid periods and post-issue listing timelines. It introduces a separate regime for ESG debt securities by linking compliance to the Non-Convertible Securities Regulations, and adds a pooled financing provision for special purpose vehicles under the Pooled Finance Development Fund Scheme, requiring constituent municipalities' agreements and disclosure. The amendments also expand permitted electronic advertising, require a national-daily notice with QR code and link, allow specified investor incentives only to initial allottees, update disclosure schedules for refinancing and SPV issues, and strengthen offer-document, financial, litigation, borrowing and risk-factor disclosures.
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