Natural justice in insolvency-professional discipline requires disclosed material; notices based on extraneous material and ignored defences are vitia...
Development rights transfers treated as immovable property, while construction abatement applies and repeated non-payment permits extended service-tax...
Income Disclosure Scheme immunity and search-material requirements barred further share-transaction additions in unabated assessments under section 15...
The circular clarifies conditions under amended Regulation 9C of the SEBI (Debenture Trustees) Regulations, 1993 for debenture trustees undertaking activities outside SEBI's purview. Such activities must be fee-based, non-fund based, financial-services related, and carried out on an arm's length basis through ring-fenced Separate Business Units with Chinese Walls, distinct staff, records, grievance mechanisms, and segregated marketing. Debenture trustees must disclose non-SEBI-regulated activities, absence of SEBI investor protection, and, where applicable, identify the relevant financial sector regulator, obtaining stakeholder acknowledgments. Existing arrangements require retrospective disclosures and confirmations within six months and half-yearly compliance reporting. RBI-regulated entities must conduct debenture trustee activities only through SBUs.
The circular clarifies conditions under amended Regulation 9C of the SEBI (Debenture Trustees) Regulations, 1993 for debenture trustees undertaking activities outside SEBI's purview. Such activities must be fee-based, non-fund based, financial-services related, and carried out on an arm's length basis through ring-fenced Separate Business Units with Chinese Walls, distinct staff, records, grievance mechanisms, and segregated marketing. Debenture trustees must disclose non-SEBI-regulated activities, absence of SEBI investor protection, and, where applicable, identify the relevant financial sector regulator, obtaining stakeholder acknowledgments. Existing arrangements require retrospective disclosures and confirmations within six months and half-yearly compliance reporting. RBI-regulated entities must conduct debenture trustee activities only through SBUs.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
