Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
Bd. held that the Noticee failed to conduct annual audits for FY 2021-22 and 2022-23 in breach of Reg. 25(3) of the RA Regulations and Clauses 2 and 7 of the Code of Conduct in the Third Schedule to Reg. 24(2); audits for those years were completed only after the regulator's inspection request, whereas the audit for FY 2023-24 was timely. The Bd. found the failures constituted contraventions attracting liability under s.15EB of the SEBI Act and, having considered remedial steps taken, imposed a monetary penalty in exercise of powers under s.15J, concluding the Noticee is liable to pay the prescribed penalty.
Bd. held that the Noticee failed to conduct annual audits for FY 2021-22 and 2022-23 in breach of Reg. 25(3) of the RA Regulations and Clauses 2 and 7 of the Code of Conduct in the Third Schedule to Reg. 24(2); audits for those years were completed only after the regulator's inspection request, whereas the audit for FY 2023-24 was timely. The Bd. found the failures constituted contraventions attracting liability under s.15EB of the SEBI Act and, having considered remedial steps taken, imposed a monetary penalty in exercise of powers under s.15J, concluding the Noticee is liable to pay the prescribed penalty.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4782
Join Channel
TaxTMI 
