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...
Regulator permits Category I and II funds to offer co-investment via separate co-investment schemes (CIVs) within the fund framework, alongside existing portfolio-manager routes. CIVs must use separate bank/demat accounts and ring-fence assets; managers must file a shelf placement memorandum detailing terms and governance. An investor's co-investment across CIVs in an investee is capped at three times their contribution via the affiliated fund, except for multilateral/bilateral development financiers, state industrial development corporations, and government-owned/controlled entities (including central banks and sovereign wealth funds). CIVs cannot leverage or borrow; investors hold pro rata rights (subject to carried interest to sponsor/manager); costs are shared pro rata. Implementation standards must be adopted and compliance reported; immediate effect.
Regulator permits Category I and II funds to offer co-investment via separate co-investment schemes (CIVs) within the fund framework, alongside existing portfolio-manager routes. CIVs must use separate bank/demat accounts and ring-fence assets; managers must file a shelf placement memorandum detailing terms and governance. An investor's co-investment across CIVs in an investee is capped at three times their contribution via the affiliated fund, except for multilateral/bilateral development financiers, state industrial development corporations, and government-owned/controlled entities (including central banks and sovereign wealth funds). CIVs cannot leverage or borrow; investors hold pro rata rights (subject to carried interest to sponsor/manager); costs are shared pro rata. Implementation standards must be adopted and compliance reported; immediate effect.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
