Co-operative society's mandatory reserve and share capital fixed deposits with banks-interest treated as business income under 80P(2)(a)(iii) deductio...
Income tax reassessment reopening after four years on investigation tip, without s.147 proviso disclosure failure, struck down as borrowed satisfactio...
Prescribes an eligibility criterion under the AIF Regulations requiring the Compliance Officer of the Manager of an AIF to obtain NISM Series-III-C: Securities Intermediaries Compliance (Fund) certification by passing the specified examination, with managers required from 1 January 2027 to appoint or retain only certified persons as Compliance Officers, thereby rendering uncertified persons ineligible to be appointed or to continue in that role from that date. Requires the trustee/sponsor/manager, as applicable, to ensure that the manager's Compliance Test Report includes confirmation of compliance with this certification requirement, thereby incorporating this obligation into the periodic compliance reporting framework.
Prescribes an eligibility criterion under the AIF Regulations requiring the Compliance Officer of the Manager of an AIF to obtain NISM Series-III-C: Securities Intermediaries Compliance (Fund) certification by passing the specified examination, with managers required from 1 January 2027 to appoint or retain only certified persons as Compliance Officers, thereby rendering uncertified persons ineligible to be appointed or to continue in that role from that date. Requires the trustee/sponsor/manager, as applicable, to ensure that the manager's Compliance Test Report includes confirmation of compliance with this certification requirement, thereby incorporating this obligation into the periodic compliance reporting framework.
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