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...
The amendment permits debenture trustees to undertake other financial-sector or fee-based non-fund activities on an arm's-length basis through separate business units, subject to conditions and specified regulator guidelines; trustees also must ring-fence required net worth and, if regulated by the central bank, operate debenture-trustee functions via a separate unit, with a six-month transition window for existing registrants. Trust deed acceptance must follow section 71/Format SH.12 timelines, allowing deviations only with a key summary and rationale in issuer disclosures. Trustees gain express inspection and information-call powers and may use a Recovery Expense Fund with debenture-holder consent.
The amendment permits debenture trustees to undertake other financial-sector or fee-based non-fund activities on an arm's-length basis through separate business units, subject to conditions and specified regulator guidelines; trustees also must ring-fence required net worth and, if regulated by the central bank, operate debenture-trustee functions via a separate unit, with a six-month transition window for existing registrants. Trust deed acceptance must follow section 71/Format SH.12 timelines, allowing deviations only with a key summary and rationale in issuer disclosures. Trustees gain express inspection and information-call powers and may use a Recovery Expense Fund with debenture-holder consent.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4826 
Join Channel 
