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...
The securities regulator modifies its Master Circular on KYC to ease re-KYC for Non-Resident Indian clients of registered intermediaries. The prior requirement that clients' physical location be in India during digital due diligence is relaxed for re-KYC of existing NRI clients, while continuing to apply for initial digital onboarding. KYC applications must still incorporate random action prompts, time stamping, and geo-location tagging, and must prevent spoofed IP connections. The app must ensure the GPS coordinates captured match the country indicated in the client's proof of address. The circular is issued under Section 11(1) of the SEBI Act, 1992.
The securities regulator modifies its Master Circular on KYC to ease re-KYC for Non-Resident Indian clients of registered intermediaries. The prior requirement that clients' physical location be in India during digital due diligence is relaxed for re-KYC of existing NRI clients, while continuing to apply for initial digital onboarding. KYC applications must still incorporate random action prompts, time stamping, and geo-location tagging, and must prevent spoofed IP connections. The app must ensure the GPS coordinates captured match the country indicated in the client's proof of address. The circular is issued under Section 11(1) of the SEBI Act, 1992.
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