Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
This circular introduces a simplified registration process for certain categories of Foreign Portfolio Investors (FPIs). FPI applicants belonging to specified categories like funds operated by registered Investment Managers, sub-funds of registered master funds, segregated portfolio structures, and insurance company schemes can opt for an abridged Common Application Form (CAF). This abridged version only requires filling unique fields, while other fields are auto-populated or disabled based on existing information in depositories' CAF module. Applicants must provide consent for using available data and confirm unchanged details. Designated Depository Participants (DDPs) must update CAF with applicant information and ensure complete data reflection in depository CAF module. Implementation standards and auto-populated/disabled fields will be formulated by Custodians and DDPs Standards Setting Forum in consultation with SEBI. Depositories, Custodians, and DDPs must make necessary system changes. The circular aims to facilitate ease of onboarding and reduce duplication for certain FPI applicants.
This circular introduces a simplified registration process for certain categories of Foreign Portfolio Investors (FPIs). FPI applicants belonging to specified categories like funds operated by registered Investment Managers, sub-funds of registered master funds, segregated portfolio structures, and insurance company schemes can opt for an abridged Common Application Form (CAF). This abridged version only requires filling unique fields, while other fields are auto-populated or disabled based on existing information in depositories' CAF module. Applicants must provide consent for using available data and confirm unchanged details. Designated Depository Participants (DDPs) must update CAF with applicant information and ensure complete data reflection in depository CAF module. Implementation standards and auto-populated/disabled fields will be formulated by Custodians and DDPs Standards Setting Forum in consultation with SEBI. Depositories, Custodians, and DDPs must make necessary system changes. The circular aims to facilitate ease of onboarding and reduce duplication for certain FPI applicants.
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