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 issued notification specifying NBFCs and HFCs regulated by RBI as qualified buyers under SARFAESI Act, 2002. The notification supersedes previous directive from March 2008. Key conditions mandate that defaulting promoters or related parties cannot access secured assets through security receipts, either directly or indirectly. NBFCs and HFCs must also comply with additional conditions as prescribed by RBI. This notification expands the scope of qualified buyers while implementing safeguards against potential misuse by defaulters, strengthening the securitization and asset reconstruction framework under SARFAESI Act.
SEBI issued notification specifying NBFCs and HFCs regulated by RBI as qualified buyers under SARFAESI Act, 2002. The notification supersedes previous directive from March 2008. Key conditions mandate that defaulting promoters or related parties cannot access secured assets through security receipts, either directly or indirectly. NBFCs and HFCs must also comply with additional conditions as prescribed by RBI. This notification expands the scope of qualified buyers while implementing safeguards against potential misuse by defaulters, strengthening the securitization and asset reconstruction framework under SARFAESI Act.
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