Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
SEBI has withdrawn the requirement for issuer companies to deposit 1% of the issue size with the designated stock exchange prior to a public offering, as per the amendment to the ICDR Regulations in May 2024. The Master Circular on issuance of No Objection Certificate for release of the 1% deposit stands withdrawn. Stock exchanges must frame a joint SOP for releasing previously deposited 1% amounts. The circular is applicable immediately, and exchanges must notify listed companies, update bylaws, and implement the changes. The move aims to facilitate ease of doing business for issuer companies undertaking public offerings.
SEBI has withdrawn the requirement for issuer companies to deposit 1% of the issue size with the designated stock exchange prior to a public offering, as per the amendment to the ICDR Regulations in May 2024. The Master Circular on issuance of No Objection Certificate for release of the 1% deposit stands withdrawn. Stock exchanges must frame a joint SOP for releasing previously deposited 1% amounts. The circular is applicable immediately, and exchanges must notify listed companies, update bylaws, and implement the changes. The move aims to facilitate ease of doing business for issuer companies undertaking public offerings.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
