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...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
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 has mandated the implementation of MITRA (Mutual Fund Investment Tracing and Retrieval Assistant), a service platform jointly hosted by QRTAs CAMS and KFIN Technologies to help investors trace inactive and unclaimed mutual fund folios. An inactive folio is defined as one without investor-initiated transactions for 10 years but with existing unit balance. The platform aims to identify overlooked investments, encourage KYC compliance, reduce unclaimed folios, and prevent fraudulent redemptions. QRTAs must operationalize MITRA within 15 working days, with a 2-month beta launch period. The Unit Holder Protection Committee's responsibilities have been expanded to include reviewing inactive folios alongside unclaimed dividends and redemptions. The platform will be accessible through MF Central, AMCs, AMFI, QRTAs, and SEBI websites.
SEBI has mandated the implementation of MITRA (Mutual Fund Investment Tracing and Retrieval Assistant), a service platform jointly hosted by QRTAs CAMS and KFIN Technologies to help investors trace inactive and unclaimed mutual fund folios. An inactive folio is defined as one without investor-initiated transactions for 10 years but with existing unit balance. The platform aims to identify overlooked investments, encourage KYC compliance, reduce unclaimed folios, and prevent fraudulent redemptions. QRTAs must operationalize MITRA within 15 working days, with a 2-month beta launch period. The Unit Holder Protection Committee's responsibilities have been expanded to include reviewing inactive folios alongside unclaimed dividends and redemptions. The platform will be accessible through MF Central, AMCs, AMFI, QRTAs, and SEBI websites.
Note: It is a system-generated summary and is for quick reference only.
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