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...
The regulatory framework for research analysts (RAs) mandates registration of research entities with SEBI, while individual analysts employed by such entities need certification but not separate registration. Proxy advisers must register and comply with RA regulations. Research reports exclude general market comments and certain internal communications. Trading restrictions prohibit analysts from trading securities they cover within specified periods and restrict dealings contrary to recommendations. RAs must disclose registration status and financial interests during public appearances. Distribution and research services must be segregated to avoid conflicts of interest, with exemptions for institutional clients upon waiver. Certification from NISM is required for personnel associated with research services, excluding clerical staff without client contact. Both fee-paying and non-fee-paying clients count towards client reporting and deposit requirements. Compliance officers must be appointed by non-individual RAs. The circular clarifies compliance obligations, exemptions, and procedural requirements to ensure investor protection and market integrity.
The regulatory framework for research analysts (RAs) mandates registration of research entities with SEBI, while individual analysts employed by such entities need certification but not separate registration. Proxy advisers must register and comply with RA regulations. Research reports exclude general market comments and certain internal communications. Trading restrictions prohibit analysts from trading securities they cover within specified periods and restrict dealings contrary to recommendations. RAs must disclose registration status and financial interests during public appearances. Distribution and research services must be segregated to avoid conflicts of interest, with exemptions for institutional clients upon waiver. Certification from NISM is required for personnel associated with research services, excluding clerical staff without client contact. Both fee-paying and non-fee-paying clients count towards client reporting and deposit requirements. Compliance officers must be appointed by non-individual RAs. The circular clarifies compliance obligations, exemptions, and procedural requirements to ensure investor protection and market integrity.
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