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...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
This circular from SEBI provides the periodic reporting format for Research Analysts and Proxy Advisers. Key points: - Research Analysts (RAs) are required to furnish periodic reports to the Research Analyst Administration and Supervisory Body (RAASB), while Proxy Advisers (PAs) must submit reports to SEBI. - The reports must be submitted half-yearly within 30 days from the end of each half-year (September 30 and March 31). - Detailed formats are prescribed for RAs (Annexure I) and PAs (Annexure II) to provide information on their operations, compliance, clients, fees, complaints, and other aspects. - The formats require comprehensive details on the entity, its employees, directors, shareholding, bank accounts, certifications, inspections, advertisements, services offered, and complaints received/resolved. - For RAs, specific details on research reports, recommendations, public appearances, and investor charter/complaints disclosure are sought. - For PAs, details on voting recommendations, reports issued for company meetings, clients/subscribers, and fees received are mandated. - The circular aims to enhance transparency, disclosure, and oversight of RAs and PAs to protect investor interests and regulate the securities market effectively.
This circular from SEBI provides the periodic reporting format for Research Analysts and Proxy Advisers. Key points: - Research Analysts (RAs) are required to furnish periodic reports to the Research Analyst Administration and Supervisory Body (RAASB), while Proxy Advisers (PAs) must submit reports to SEBI. - The reports must be submitted half-yearly within 30 days from the end of each half-year (September 30 and March 31). - Detailed formats are prescribed for RAs (Annexure I) and PAs (Annexure II) to provide information on their operations, compliance, clients, fees, complaints, and other aspects. - The formats require comprehensive details on the entity, its employees, directors, shareholding, bank accounts, certifications, inspections, advertisements, services offered, and complaints received/resolved. - For RAs, specific details on research reports, recommendations, public appearances, and investor charter/complaints disclosure are sought. - For PAs, details on voting recommendations, reports issued for company meetings, clients/subscribers, and fees received are mandated. - The circular aims to enhance transparency, disclosure, and oversight of RAs and PAs to protect investor interests and regulate the securities market effectively.
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