Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
SEBI circular facilitates stock brokers to undertake securities market activities in GIFT-IFSC through a Separate Business Unit (SBU) without specific prior approval. Stock brokers may establish an SBU with segregated operations, maintaining an arms-length relationship between Indian securities market and GIFT-IFSC activities. Existing subsidiaries can transition to SBU model at discretion. Key regulatory safeguards include separate accounting, ring-fenced net worth, and exclusive engagement in IFSCA-permitted activities. Notably, investor grievance mechanisms from Indian securities markets will not apply to SBU operations, emphasizing the distinct regulatory jurisdiction of GIFT-IFSC activities.
SEBI circular facilitates stock brokers to undertake securities market activities in GIFT-IFSC through a Separate Business Unit (SBU) without specific prior approval. Stock brokers may establish an SBU with segregated operations, maintaining an arms-length relationship between Indian securities market and GIFT-IFSC activities. Existing subsidiaries can transition to SBU model at discretion. Key regulatory safeguards include separate accounting, ring-fenced net worth, and exclusive engagement in IFSCA-permitted activities. Notably, investor grievance mechanisms from Indian securities markets will not apply to SBU operations, emphasizing the distinct regulatory jurisdiction of GIFT-IFSC activities.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
