Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
SEBI permits mutual funds to use intraday borrowing to manage liquidity mismatches caused by settlement timing differences. The facility may be used for unitholder pay-outs, scheme investment pay-ins, mark-to-market obligations, foreign exchange settlements and repayment of existing borrowings, subject to end-of-day repayment and regulatory limits if converted into overnight borrowing. AMC and trustee boards must approve a policy, publish it on the AMC website, maintain scheme-wise records of the mismatch and repayment source, and ensure compliance with the mutual fund regulations and master circular. Any borrowing cost or loss from delayed receivables must be borne by the AMC. The circular applies from 1 September 2026.
SEBI permits mutual funds to use intraday borrowing to manage liquidity mismatches caused by settlement timing differences. The facility may be used for unitholder pay-outs, scheme investment pay-ins, mark-to-market obligations, foreign exchange settlements and repayment of existing borrowings, subject to end-of-day repayment and regulatory limits if converted into overnight borrowing. AMC and trustee boards must approve a policy, publish it on the AMC website, maintain scheme-wise records of the mismatch and repayment source, and ensure compliance with the mutual fund regulations and master circular. Any borrowing cost or loss from delayed receivables must be borne by the AMC. The circular applies from 1 September 2026.
Note: It is a system-generated summary and is for quick reference only.
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