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...
SEBI introduced a technology-based framework for monitoring system audits of stock brokers, effective FY 2025-26. The framework mandates stock exchanges to develop web portals for supervising the audit lifecycle, including geo-location tracking of auditor visits. Key requirements include standardized audit templates, empanelment criteria for auditors, and enhanced verification of technical compliance. Auditors must conduct physical premises visits, verify critical IT infrastructure, and submit comprehensive reports through the portal. A cooling-off period of 2 years is required after three consecutive years of audit. Stock exchanges must implement financial disincentives for non-compliance and submit half-yearly audit summaries to SEBI. The framework aims to strengthen supervision and minimize technology risks in securities trading.
SEBI introduced a technology-based framework for monitoring system audits of stock brokers, effective FY 2025-26. The framework mandates stock exchanges to develop web portals for supervising the audit lifecycle, including geo-location tracking of auditor visits. Key requirements include standardized audit templates, empanelment criteria for auditors, and enhanced verification of technical compliance. Auditors must conduct physical premises visits, verify critical IT infrastructure, and submit comprehensive reports through the portal. A cooling-off period of 2 years is required after three consecutive years of audit. Stock exchanges must implement financial disincentives for non-compliance and submit half-yearly audit summaries to SEBI. The framework aims to strengthen supervision and minimize technology risks in securities trading.
Note: It is a system-generated summary and is for quick reference only.
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