Religious purpose exclusion versus charitable purpose: non overriding religious objects do not attract Explanation 3, registration directed under sect...
Search-assessment proviso jurisdiction, time-barred valuation reports, and denial of cross-examination vitiate valuation-based and confession-based ad...
Proceeds of crime: provisional attachment confirmed; equivalent value attachment and acquisition date fair market value upheld, Covid exclusion preser...
In cases of an IFSC unit reorganization, including change of name, shareholding pattern, business transfer arrangements, court-approved mergers or demergers, change of constitution, or change of directors, the instrument prescribes that requisite regulatory compliance under the IFSC Act, 2019 must be completed and the reorganization must be intimated by IFSCA (as Administrator) to the Unit Approval Committee of the concerned SEZ. This ensures the SEZ Unit Approval Committee receives formal intimation for taking any action or recording changes as required under the SEZ Act and SEZ Rules.
In cases of an IFSC unit reorganization, including change of name, shareholding pattern, business transfer arrangements, court-approved mergers or demergers, change of constitution, or change of directors, the instrument prescribes that requisite regulatory compliance under the IFSC Act, 2019 must be completed and the reorganization must be intimated by IFSCA (as Administrator) to the Unit Approval Committee of the concerned SEZ. This ensures the SEZ Unit Approval Committee receives formal intimation for taking any action or recording changes as required under the SEZ Act and SEZ Rules.
Note: It is a system-generated summary and is for quick reference only.
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