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...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
This circular outlines SEBI's revised stress testing framework for determining the Minimum Required Corpus (MRC) of the Core Settlement Guarantee Fund (Core SGF) in the equity derivatives segment. Key aspects include introducing new stress testing methodologies like Stressed VaR, Filtered Historic Simulation, and Factor Model, in addition to existing hypothetical and historical scenarios. Clearing Corporations (CCs) are categorized into two groups based on market share for applying cover-n standards. Provisions allow one-time inter-segment transfer of funds from equity cash to derivatives segment and staggered contributions to meet additional MRC requirements. CCs must formulate joint Standard Operating Procedures and implement necessary systems for compliance within stipulated timelines.
This circular outlines SEBI's revised stress testing framework for determining the Minimum Required Corpus (MRC) of the Core Settlement Guarantee Fund (Core SGF) in the equity derivatives segment. Key aspects include introducing new stress testing methodologies like Stressed VaR, Filtered Historic Simulation, and Factor Model, in addition to existing hypothetical and historical scenarios. Clearing Corporations (CCs) are categorized into two groups based on market share for applying cover-n standards. Provisions allow one-time inter-segment transfer of funds from equity cash to derivatives segment and staggered contributions to meet additional MRC requirements. CCs must formulate joint Standard Operating Procedures and implement necessary systems for compliance within stipulated timelines.
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