Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
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Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
SEBI mandates external performance evaluation of Market Infrastructure Institutions' (MIIs) statutory committees every three years, establishing a standardized framework with three key criteria: Roles & Responsibilities (40%), Meeting Effectiveness (30%), and Governance (30%). Independent external agencies must obtain SEBI's NOC before appointment and demonstrate relevant expertise without conflicts of interest. Initial evaluation covers FY 2024-25 with reporting by September 2025, followed by three-year evaluation blocks. MIIs must also conduct annual internal evaluations of their performance and statutory committees, with first reports due for FY 2024-25. Implementation required within 30 days of issuance, with necessary amendments to bylaws and regulations for compliance.
SEBI mandates external performance evaluation of Market Infrastructure Institutions' (MIIs) statutory committees every three years, establishing a standardized framework with three key criteria: Roles & Responsibilities (40%), Meeting Effectiveness (30%), and Governance (30%). Independent external agencies must obtain SEBI's NOC before appointment and demonstrate relevant expertise without conflicts of interest. Initial evaluation covers FY 2024-25 with reporting by September 2025, followed by three-year evaluation blocks. MIIs must also conduct annual internal evaluations of their performance and statutory committees, with first reports due for FY 2024-25. Implementation required within 30 days of issuance, with necessary amendments to bylaws and regulations for compliance.
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