Tax authority's substitution of projected figures with actuals overturned; original acquisition valuation upheld; transfer pricing issues remitted for...
Beneficial owner held liable for differential customs duty; royalties added under Rule 10(1)(c); confiscation, penalties under s.111(m), s.114A, s.112...
Regulations amend the 2018 framework for depositories and participants, effective 30 days after publication. They expand board composition to include executive directors and redefine regulation 26 to cover appointment, role, and responsibilities of the managing director, who must manage overall affairs, compliance, risk, public-interest functions under Verticals 1 and 2, and infrastructure adequacy. A new regulation 26A mandates each depository to appoint at least two executive directors heading Verticals 1 and 2, with status, tenure, age limits, and appointment processes aligned with the managing director, and board-service restrictions. New regulations 81B and 81C require appointment of a chief technology officer and chief information security officer with specified technology, cybersecurity, and risk-management functions.
Regulations amend the 2018 framework for depositories and participants, effective 30 days after publication. They expand board composition to include executive directors and redefine regulation 26 to cover appointment, role, and responsibilities of the managing director, who must manage overall affairs, compliance, risk, public-interest functions under Verticals 1 and 2, and infrastructure adequacy. A new regulation 26A mandates each depository to appoint at least two executive directors heading Verticals 1 and 2, with status, tenure, age limits, and appointment processes aligned with the managing director, and board-service restrictions. New regulations 81B and 81C require appointment of a chief technology officer and chief information security officer with specified technology, cybersecurity, and risk-management functions.
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