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 amended the Master Circular for REITs dated May 15, 2024, implementing two key regulatory changes. First, lock-in provisions for preferential unit issuances have been modified to require only 15% of sponsor/sponsor group units to be locked-in for three years, with remaining units locked-in for one year. Inter-se transfers of locked-in units among sponsor group entities are now permitted, subject to continuation of lock-in periods. Second, comprehensive guidelines for follow-on offers by REITs have been introduced, including filing requirements, minimum public unitholding of 25%, allotment timelines, and disclosure requirements. These amendments, effective immediately, aim to promote ease of doing business while maintaining investor protection standards.
SEBI has amended the Master Circular for REITs dated May 15, 2024, implementing two key regulatory changes. First, lock-in provisions for preferential unit issuances have been modified to require only 15% of sponsor/sponsor group units to be locked-in for three years, with remaining units locked-in for one year. Inter-se transfers of locked-in units among sponsor group entities are now permitted, subject to continuation of lock-in periods. Second, comprehensive guidelines for follow-on offers by REITs have been introduced, including filing requirements, minimum public unitholding of 25%, allotment timelines, and disclosure requirements. These amendments, effective immediately, aim to promote ease of doing business while maintaining investor protection standards.
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