Extended limitation fails without specific suppression allegations, while overseas employee secondment remains taxable as manpower supply within norma...
Time-share accommodation classification excludes Club or Association Service where purchasers receive contractual occupancy rights without genuine mem...
CENVAT credit for trading requires reversal, while taxable-service rental credit remains proportionately available and limitation issues await resolut...
Vicarious liability for dishonoured company cheques may extend to non-signatory directors where complaints contain foundational responsibility avermen...
SEBI issued a circular to promote ease of doing business for mutual funds investing in commodities and overseas securities. The circular modifies clauses in the Master Circular for Mutual Funds. For commodity-based funds, appointment of a dedicated fund manager is optional, but expertise is required. Similarly, for overseas investments, a dedicated fund manager is optional, with expertise necessary. Boards of AMCs must ensure compliance and reporting to trustees periodically. The circular is issued u/s 11(1) of SEBI Act, 1992, to protect investor interests and regulate the securities market. Contact details for further information are provided.
SEBI issued a circular to promote ease of doing business for mutual funds investing in commodities and overseas securities. The circular modifies clauses in the Master Circular for Mutual Funds. For commodity-based funds, appointment of a dedicated fund manager is optional, but expertise is required. Similarly, for overseas investments, a dedicated fund manager is optional, with expertise necessary. Boards of AMCs must ensure compliance and reporting to trustees periodically. The circular is issued u/s 11(1) of SEBI Act, 1992, to protect investor interests and regulate the securities market. Contact details for further information are provided.
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