Approvals under s.153D found mechanical and invalid; s.153A/s.153D assessments quashed; s.68 additions deleted where books rejected and s.144 best-jud...
The regulator amended mutual fund regulations to: add units of Real Estate Investment Trusts (REITs) to the definition list; raise a prescribed threshold from 95% to 97%; permit insertion of REIT unit limits alongside equity thresholds (introducing 15% and 10% benchmarks and a 5% cap for Specialized Investment Funds where a mutual fund already holds 10%); replace references to "company" with "entity"; remove REIT-related references in provisions governing investment in infrastructure investment trusts (InvITs); and omit a specified clause in a chapter on disclosures/limits. The amendments take effect on Gazette publication.
The regulator amended mutual fund regulations to: add units of Real Estate Investment Trusts (REITs) to the definition list; raise a prescribed threshold from 95% to 97%; permit insertion of REIT unit limits alongside equity thresholds (introducing 15% and 10% benchmarks and a 5% cap for Specialized Investment Funds where a mutual fund already holds 10%); replace references to "company" with "entity"; remove REIT-related references in provisions governing investment in infrastructure investment trusts (InvITs); and omit a specified clause in a chapter on disclosures/limits. The amendments take effect on Gazette publication.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4824 
Join Channel 
