Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
New regulations consolidate and replace the 1993 framework for registration and regulation of registrars to an issue and share transfer agents, requiring a SEBI certificate to act and prescribing application, scrutiny, hearing, reconsideration, and fee-payment mechanics; non-payment can result in suspension and cessation of activities. They set eligibility and ongoing conditions, including minimum net worth of ₹50 lakh (with an 18-month transition for existing registrants), prior approval for change in control, mandatory client agreements, appointment of a compliance officer, maintenance and 8-year preservation of specified records, and investor grievance redressal within 21 calendar days, with dispute resolution via Board-specified mechanisms. Services to unlisted companies must be segregated into a separate unit and disclaimed as outside SEBI jurisdiction (subject to stated exceptions), with an 18-month migration. They mandate internal controls, surveillance, escalation, and whistleblower systems, and provide for inspection, audit, and default action under the SEBI Intermediaries Regulations, 2008, with savings on repeal.
New regulations consolidate and replace the 1993 framework for registration and regulation of registrars to an issue and share transfer agents, requiring a SEBI certificate to act and prescribing application, scrutiny, hearing, reconsideration, and fee-payment mechanics; non-payment can result in suspension and cessation of activities. They set eligibility and ongoing conditions, including minimum net worth of ₹50 lakh (with an 18-month transition for existing registrants), prior approval for change in control, mandatory client agreements, appointment of a compliance officer, maintenance and 8-year preservation of specified records, and investor grievance redressal within 21 calendar days, with dispute resolution via Board-specified mechanisms. Services to unlisted companies must be segregated into a separate unit and disclaimed as outside SEBI jurisdiction (subject to stated exceptions), with an 18-month migration. They mandate internal controls, surveillance, escalation, and whistleblower systems, and provide for inspection, audit, and default action under the SEBI Intermediaries Regulations, 2008, with savings on repeal.
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