Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
The circular, addresses the amendment to the Master Circular for Infrastructure Investment Trusts (InvITs) regarding board nomination rights for unitholders. It clarifies that an eligible unitholder can nominate one Unitholder Nominee Director, with certain conditions. The amendment allows a unitholder to nominate a director even if another unitholder has the right to appoint a nominee director under specific regulations. This change aims to facilitate business operations and follows industry requests and recommendations from the Hybrid Securities Advisory Committee. The circular, effective immediately, is issued under the authority of the Securities and Exchange Board of India Act, 1992, and the SEBI (Infrastructure Investment Trusts) Regulations, 2014.
The circular, addresses the amendment to the Master Circular for Infrastructure Investment Trusts (InvITs) regarding board nomination rights for unitholders. It clarifies that an eligible unitholder can nominate one Unitholder Nominee Director, with certain conditions. The amendment allows a unitholder to nominate a director even if another unitholder has the right to appoint a nominee director under specific regulations. This change aims to facilitate business operations and follows industry requests and recommendations from the Hybrid Securities Advisory Committee. The circular, effective immediately, is issued under the authority of the Securities and Exchange Board of India Act, 1992, and the SEBI (Infrastructure Investment Trusts) Regulations, 2014.
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