Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
SEBI has issued a circular to provide flexibility to Foreign Portfolio Investors (FPIs) in dealing with their securities post-expiry of their registration. Amendments to the SEBI (FPI) Regulations, 2019, effective June 3, 2024, allow FPIs to continue registration by paying fees and updating information. FPIs failing to renew within the validity period can reactivate within 30 days with a late fee, subject to KYC and AML/CFT compliance. FPIs can dispose of securities within 180 days post-expiry. Securities unsold after this period will be written off. The framework includes financial disincentives and mandates custodians to transfer written-off securities to an escrow account for sale, with proceeds going to the Investor Protection and Education Fund (IPEF). The circular is issued u/s 11(1) of the SEBI Act, 1992.
SEBI has issued a circular to provide flexibility to Foreign Portfolio Investors (FPIs) in dealing with their securities post-expiry of their registration. Amendments to the SEBI (FPI) Regulations, 2019, effective June 3, 2024, allow FPIs to continue registration by paying fees and updating information. FPIs failing to renew within the validity period can reactivate within 30 days with a late fee, subject to KYC and AML/CFT compliance. FPIs can dispose of securities within 180 days post-expiry. Securities unsold after this period will be written off. The framework includes financial disincentives and mandates custodians to transfer written-off securities to an escrow account for sale, with proceeds going to the Investor Protection and Education Fund (IPEF). The circular is issued u/s 11(1) of the SEBI Act, 1992.
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