Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
The regulator amends capital-raising rules to revise anchor investor allocation in Schedule XIII: for issues up to ₹250 crore, 2-15 anchor investors are permitted with a minimum allotment of ₹5 crore each; for amounts above ₹250 crore, at least 5 and up to 15 anchors apply to the first ₹250 crore, plus an additional 15 anchors for each further ₹250 crore or part thereof, each with a ₹5 crore minimum. Forty percent of the anchor portion is reserved (33.33% for domestic mutual funds; 6.67% for life insurers and pension funds), with any under-subscription in the latter reallocated to domestic mutual funds; definitions provided. Effective 30 days after Gazette publication.
The regulator amends capital-raising rules to revise anchor investor allocation in Schedule XIII: for issues up to ₹250 crore, 2-15 anchor investors are permitted with a minimum allotment of ₹5 crore each; for amounts above ₹250 crore, at least 5 and up to 15 anchors apply to the first ₹250 crore, plus an additional 15 anchors for each further ₹250 crore or part thereof, each with a ₹5 crore minimum. Forty percent of the anchor portion is reserved (33.33% for domestic mutual funds; 6.67% for life insurers and pension funds), with any under-subscription in the latter reallocated to domestic mutual funds; definitions provided. Effective 30 days after Gazette publication.
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