Clean slate principle extinguishes uncrystallised operational claims and bars continuation of pending recovery and arbitral proceedings after plan app...
Works contract classification governs composite layout-development contracts where VAT-paid goods are transferred alongside construction and infrastru...
Specified income tax exemption for pollution control body remains conditional on non-commercial activity, unchanged income character, and return filin...
Jurisdictional facts in certificate-of-origin discrepancies can support customs show-cause proceedings, leaving factual explanations for departmental ...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4798
Join Channel
TaxTMI 
