Advance-ruling mechanism governs pending GST classification, exemption and taxability disputes, limiting writ review once the specialised forum functi...
Charitable trust income application permits verified capital expenditure but rejects deferred pre-operative claims and requires reconsideration of con...
Reinsurance premium deductions require established regulatory breaches, while independently acquired software qualifies within the computer depreciati...
Persons selling or distributing Specialized Investment Fund...
Specialized Investment Fund distribution now requires dedicated certification, while transitional recognition preserves existing qualified distributors' eligibility temporarily.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Persons selling or distributing Specialized Investment Fund products must hold a valid NISM Series-V-D Mutual Fund-Specialized Investment Fund Distributors Certification, which also permits distribution of Mutual Fund products without a separate NISM Series V-A certification. Distributors dealing only in Mutual Fund products must continue to hold NISM Series V-A certification. The Common Derivatives Certification requirement for SIF distribution ceases after September 21, 2026. Existing SIF distributors with a valid Common Derivatives Certification obtained by that date may rely on it until expiry, provided they retain valid Series V-A certification during the transition. AMFI and AMCs must ensure distributor and agent compliance; the revised requirements apply immediately.
Persons selling or distributing Specialized Investment Fund products must hold a valid NISM Series-V-D Mutual Fund-Specialized Investment Fund Distributors Certification, which also permits distribution of Mutual Fund products without a separate NISM Series V-A certification. Distributors dealing only in Mutual Fund products must continue to hold NISM Series V-A certification. The Common Derivatives Certification requirement for SIF distribution ceases after September 21, 2026. Existing SIF distributors with a valid Common Derivatives Certification obtained by that date may rely on it until expiry, provided they retain valid Series V-A certification during the transition. AMFI and AMCs must ensure distributor and agent compliance; the revised requirements apply immediately.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4782
Join Channel
TaxTMI 
