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...
SEBI issues modalities under the AIF Regulations, 2012 for migration to AI-only schemes and for relaxations to Large Value Funds (LVFs) for accredited investors. New AI-only schemes and LVFs must include "AI only fund" or "LVF" in their scheme name. Existing eligible AIFs/schemes may convert to AI-only or LVF schemes with unanimous investor consent and must report conversion and name change to SEBI and depositories within 15 days. Investors qualifying as accredited at onboarding retain that status for the scheme's life. AI-only schemes may have a maximum five-year extension. LVFs are exempt from the standard placement memorandum template and annual audit, without needing investor waivers.
SEBI issues modalities under the AIF Regulations, 2012 for migration to AI-only schemes and for relaxations to Large Value Funds (LVFs) for accredited investors. New AI-only schemes and LVFs must include "AI only fund" or "LVF" in their scheme name. Existing eligible AIFs/schemes may convert to AI-only or LVF schemes with unanimous investor consent and must report conversion and name change to SEBI and depositories within 15 days. Investors qualifying as accredited at onboarding retain that status for the scheme's life. AI-only schemes may have a maximum five-year extension. LVFs are exempt from the standard placement memorandum template and annual audit, without needing investor waivers.
Note: It is a system-generated summary and is for quick reference only.
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