Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
The circular provides the procedure for seeking waiver or reduction of interest levied on persons against whom recovery proceedings are initiated for failure to pay penalty under relevant securities laws. The key points are: SEBI has delegated power to waive/reduce interest to a panel of Executive Directors (for <Rs. 2 crore) or Whole-time Members. Waiver is not allowed for interest on fees payable to SEBI or disgorgement amounts. Application is to be made to the Recovery Officer along with supporting documents showing genuine hardship, circumstances beyond control, and cooperation in inquiries. The Competent Authority shall pass order within 12 months after giving opportunity of being heard.
The circular provides the procedure for seeking waiver or reduction of interest levied on persons against whom recovery proceedings are initiated for failure to pay penalty under relevant securities laws. The key points are: SEBI has delegated power to waive/reduce interest to a panel of Executive Directors (for <Rs. 2 crore) or Whole-time Members. Waiver is not allowed for interest on fees payable to SEBI or disgorgement amounts. Application is to be made to the Recovery Officer along with supporting documents showing genuine hardship, circumstances beyond control, and cooperation in inquiries. The Competent Authority shall pass order within 12 months after giving opportunity of being heard.
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