Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
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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