Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
The circular exempts jointly held Mutual Fund folios from the requirement of nomination, as per Clause 17.16 of the Master Circular. Failure to nominate by June 30, 2024, for individual unit holders would freeze folios for debits. The decision aims to simplify compliance and reduce costs. Other nomination provisions remain unchanged. Issued u/s 11(1) of SEBI Act, 1992, and Regulations 29A and 77 of SEBI (Mutual Funds) Regulations, 1996, to protect investor interests and regulate the securities market. Circular available on SEBI website. Signed by Peter Mardi, Deputy General Manager, Investment Management Department.
The circular exempts jointly held Mutual Fund folios from the requirement of nomination, as per Clause 17.16 of the Master Circular. Failure to nominate by June 30, 2024, for individual unit holders would freeze folios for debits. The decision aims to simplify compliance and reduce costs. Other nomination provisions remain unchanged. Issued u/s 11(1) of SEBI Act, 1992, and Regulations 29A and 77 of SEBI (Mutual Funds) Regulations, 1996, to protect investor interests and regulate the securities market. Circular available on SEBI website. Signed by Peter Mardi, Deputy General Manager, Investment Management Department.
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