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...
Revised capital adequacy (net worth) and new liquid net worth requirements under the Merchant Bankers Regulations apply from 3 January 2026, with existing merchant bankers required to meet phased thresholds by 2 January 2027 and 2 January 2028, intimate their intended Category I/II by 2 January 2027 with a CA-certified net worth (including liquid net worth) certificate, and face automatic down-categorisation to Category II or a bar on fresh permitted activities for non-compliance. "Liquid net worth" is prescribed as unencumbered liquid assets subject to specified haircuts, and total underwriting obligations are capped at 20 times liquid net worth (existing entities to comply by 2 January 2028), with half-yearly CA certifications. Mandatory NISM certifications, separation of the compliance officer, five-year experience for the principal officer, prohibition on outsourcing core activities (legacy arrangements to end by 3 April 2026), minimum revenue thresholds with cancellation exposure from 1 April 2029, marketing-only conflict disclosures, and ring-fenced SBU conditions for non-regulated activities are specified with defined timelines and reporting.
Revised capital adequacy (net worth) and new liquid net worth requirements under the Merchant Bankers Regulations apply from 3 January 2026, with existing merchant bankers required to meet phased thresholds by 2 January 2027 and 2 January 2028, intimate their intended Category I/II by 2 January 2027 with a CA-certified net worth (including liquid net worth) certificate, and face automatic down-categorisation to Category II or a bar on fresh permitted activities for non-compliance. "Liquid net worth" is prescribed as unencumbered liquid assets subject to specified haircuts, and total underwriting obligations are capped at 20 times liquid net worth (existing entities to comply by 2 January 2028), with half-yearly CA certifications. Mandatory NISM certifications, separation of the compliance officer, five-year experience for the principal officer, prohibition on outsourcing core activities (legacy arrangements to end by 3 April 2026), minimum revenue thresholds with cancellation exposure from 1 April 2029, marketing-only conflict disclosures, and ring-fenced SBU conditions for non-regulated activities are specified with defined timelines and reporting.
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