Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
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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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