Joint development agreements defer taxable transfer where possession lacks part performance, while completed flats determine consideration and exempti...
Passenger baggage re-export requires true declaration and cannot be granted indirectly through discretionary redemption of undeclared prohibited goods...
SEBI issued a circular establishing a comprehensive governance framework for Key Management Personnel (KMPs) in Market Infrastructure Institutions (MIIs). The circular mandates an independent external agency-driven appointment process for critical roles like Compliance Officer, Chief Risk Officer, Chief Technology Officer, and Chief Information Security Officer. The Nomination and Remuneration Committee will evaluate recommendations, with the Governing Board making final appointment decisions. Additionally, the circular introduces provisions for a cooling-off period for KMPs joining competing MIIs and requires rationale documentation if a Public Interest Director is not re-appointed. The regulatory changes aim to enhance institutional governance, prioritize public interest, and ensure strategic personnel management across market infrastructure entities.
SEBI issued a circular establishing a comprehensive governance framework for Key Management Personnel (KMPs) in Market Infrastructure Institutions (MIIs). The circular mandates an independent external agency-driven appointment process for critical roles like Compliance Officer, Chief Risk Officer, Chief Technology Officer, and Chief Information Security Officer. The Nomination and Remuneration Committee will evaluate recommendations, with the Governing Board making final appointment decisions. Additionally, the circular introduces provisions for a cooling-off period for KMPs joining competing MIIs and requires rationale documentation if a Public Interest Director is not re-appointed. The regulatory changes aim to enhance institutional governance, prioritize public interest, and ensure strategic personnel management across market infrastructure entities.
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