Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
The notification amends the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, effective from publication in the Official Gazette. It revises the definition of certain investors by permitting a family trust or a Board-registered intermediary with net worth above INR 500 crore to qualify under the relevant category. It aligns the definition of "qualified institutional buyer" with that in the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. It also expands the definition of "strategic investor" to include specified institutional and foreign portfolio investors and certain RBI-registered NBFCs investing at least 5% of the InvIT offer size, subject to FEMA compliance and inter-regulatory consultation where applicable.
The notification amends the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, effective from publication in the Official Gazette. It revises the definition of certain investors by permitting a family trust or a Board-registered intermediary with net worth above INR 500 crore to qualify under the relevant category. It aligns the definition of "qualified institutional buyer" with that in the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. It also expands the definition of "strategic investor" to include specified institutional and foreign portfolio investors and certain RBI-registered NBFCs investing at least 5% of the InvIT offer size, subject to FEMA compliance and inter-regulatory consultation where applicable.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
