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Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
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...
This circular amends certain provisions related to compliance requirements for non-individual investment advisers. Firstly, it allows non-individual investment advisers to obtain an annual compliance certificate from any auditor, instead of a statutory auditor, confirming adherence to client-level segregation norms mandated by Regulation 22 of the Investment Advisers Regulations. Secondly, it grants a 30-day period from the end of each half-yearly reporting period for investment advisers to submit periodic reports to the Investment Adviser Administration and Supervisory Body. The circular cites ease of doing business and recommendations of a working group as rationales for these amendments. It directs the supervisory body to notify advisers and update relevant regulations accordingly, invoking SEBI's powers under the Securities and Exchange Board of India Act and Investment Advisers Regulations.
This circular amends certain provisions related to compliance requirements for non-individual investment advisers. Firstly, it allows non-individual investment advisers to obtain an annual compliance certificate from any auditor, instead of a statutory auditor, confirming adherence to client-level segregation norms mandated by Regulation 22 of the Investment Advisers Regulations. Secondly, it grants a 30-day period from the end of each half-yearly reporting period for investment advisers to submit periodic reports to the Investment Adviser Administration and Supervisory Body. The circular cites ease of doing business and recommendations of a working group as rationales for these amendments. It directs the supervisory body to notify advisers and update relevant regulations accordingly, invoking SEBI's powers under the Securities and Exchange Board of India Act and Investment Advisers Regulations.
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