Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
Service of notice and contractual debt acknowledgment preserved insolvency admission against a corporate guarantor despite limitation and natural just...
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.
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