Vicarious liability for dishonoured company cheques may extend to non-signatory directors where complaints contain foundational responsibility avermen...
Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
SEBI amends the Alternative Investment Funds Regulations to require scheme applications to be filed with prescribed fees, while exempting an AIF's first scheme from scheme fees. The filing period under regulation 12(2) is reduced to ten working days, and the requirement is revised from submitting fees to submitting Board-specified documents. SEBI may provide comments after filing, which the merchant banker or manager must ensure are complied with. The filing, comment and compliance requirements do not apply to an Accredited Investors only fund. The amendments also remove the requirement to act through a merchant banker under regulation 19D(4) and omit regulation 19D(5).
SEBI amends the Alternative Investment Funds Regulations to require scheme applications to be filed with prescribed fees, while exempting an AIF's first scheme from scheme fees. The filing period under regulation 12(2) is reduced to ten working days, and the requirement is revised from submitting fees to submitting Board-specified documents. SEBI may provide comments after filing, which the merchant banker or manager must ensure are complied with. The filing, comment and compliance requirements do not apply to an Accredited Investors only fund. The amendments also remove the requirement to act through a merchant banker under regulation 19D(4) and omit regulation 19D(5).
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