Anti-profiteering obligations survive business demerger, complaint withdrawal, and customized supply arrangements where rate-reduction benefits are no...
Road restoration charges constitute taxable services when requested for commercial pipeline activity, requiring reverse-charge GST from the business r...
Interest on delayed release of requisitioned cash includes statutory pre-assessment interest and restitutionary compensation for unlawful post-assessm...
Incomplete inventory records justify rejecting accounts, while profit estimation requires relevant comparable material and interest falls under other ...
Transfer-pricing comparability requires functional alignment; delayed associated-enterprise receivables need separate LIBOR-based benchmarking, while ...
SEBI authorized registered stock brokers to access NDS-OM for G-Secs trading through Separate Business Units (SBUs). The SBUs must operate independently from the broker's securities market activities, maintaining segregated accounts and net worth. These units are restricted exclusively to NDS-OM transactions and must maintain arm's length relationships with other operations. The regulatory jurisdiction for SBU activities, including policy, risk management, and enforcement, falls under the respective regulatory authority, not SEBI. Consequently, stock exchange grievance mechanisms, Investor Protection Fund, and SCORES system are not applicable for SBU services. This directive aims to establish clear operational boundaries while facilitating broker participation in the G-Secs market.
SEBI authorized registered stock brokers to access NDS-OM for G-Secs trading through Separate Business Units (SBUs). The SBUs must operate independently from the broker's securities market activities, maintaining segregated accounts and net worth. These units are restricted exclusively to NDS-OM transactions and must maintain arm's length relationships with other operations. The regulatory jurisdiction for SBU activities, including policy, risk management, and enforcement, falls under the respective regulatory authority, not SEBI. Consequently, stock exchange grievance mechanisms, Investor Protection Fund, and SCORES system are not applicable for SBU services. This directive aims to establish clear operational boundaries while facilitating broker participation in the G-Secs market.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
