Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
Amendments to SEBI (Merchant Bankers) Regulations: 1. Removing the requirement of minimum two years of experience for employees of merchant bankers. Instead, requiring at least two employees professionally qualified in finance, law, accountancy or business management. 2. Merchant bankers to take all necessary steps for grievance redressal instead of just "adequate" steps. Removing the requirement to inform SEBI about complaints received. 3. Merchant bankers granted registration must ensure market making as per SEBI regulations. 4. Clearly defining responsibilities of lead managers, especially regarding disclosures, allotment and refunds in offer documents. 5. Restricting merchant bankers from lead managing issues if they are promoters/associates of the issuer/offeror, unless certain exemptions apply. 6. Merchant bankers underwriting an issue must subscribe before finalization of basis of allotment. 7. Requiring disclosure of transactions by merchant bankers for acquiring securities of bodies corporate whose issues they manage, with some exemptions. 8. Substituting gender-specific pronouns with gender-neutral terms. 9. Updating references to the Companies Act, 2013 from the older 1956 Act. 10. Redefining the term "auditor" as per the 2013.
Amendments to SEBI (Merchant Bankers) Regulations: 1. Removing the requirement of minimum two years of experience for employees of merchant bankers. Instead, requiring at least two employees professionally qualified in finance, law, accountancy or business management. 2. Merchant bankers to take all necessary steps for grievance redressal instead of just "adequate" steps. Removing the requirement to inform SEBI about complaints received. 3. Merchant bankers granted registration must ensure market making as per SEBI regulations. 4. Clearly defining responsibilities of lead managers, especially regarding disclosures, allotment and refunds in offer documents. 5. Restricting merchant bankers from lead managing issues if they are promoters/associates of the issuer/offeror, unless certain exemptions apply. 6. Merchant bankers underwriting an issue must subscribe before finalization of basis of allotment. 7. Requiring disclosure of transactions by merchant bankers for acquiring securities of bodies corporate whose issues they manage, with some exemptions. 8. Substituting gender-specific pronouns with gender-neutral terms. 9. Updating references to the Companies Act, 2013 from the older 1956 Act. 10. Redefining the term "auditor" as per the 2013.
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