Dependent Agent PE unresolved for lack of factual inquiry; arm's-length distribution accepted; royalty claim rejected; 15% refund interest (Section 24...
Exemption under s.10(23C)(iiiad) upheld; appeal allowed, interest and dividends excluded from annual receipts, disallowance deleted, capital gains exe...
A securities regulator mandated prudential eligibility criteria for derivatives on Non-Benchmark Indices: minimum 14 constituents, top constituent weight ≤20%, top three ≤45%, and descending individual weights. Stock exchanges must submit proposals and may comply by adjusting constituents/weights; two indices will adjust in a single tranche, while a major index will rebalance over four monthly tranches with iterative weight reductions and redistribution of excess to other constituents. Implementation deadlines were set: the phased index by March 31, 2026, and the two single-tranche indices by December 31, 2025. Exchanges and clearing corporations must update systems, rules and notify market participants.
A securities regulator mandated prudential eligibility criteria for derivatives on Non-Benchmark Indices: minimum 14 constituents, top constituent weight ≤20%, top three ≤45%, and descending individual weights. Stock exchanges must submit proposals and may comply by adjusting constituents/weights; two indices will adjust in a single tranche, while a major index will rebalance over four monthly tranches with iterative weight reductions and redistribution of excess to other constituents. Implementation deadlines were set: the phased index by March 31, 2026, and the two single-tranche indices by December 31, 2025. Exchanges and clearing corporations must update systems, rules and notify market participants.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4824 
Join Channel 
