Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
SWAGAT-FI establishes a single-window mechanism permitting a SWAGAT-FI applicant to seek FVCI registration concurrently with FPI registration without submitting duplicate application forms or supporting documents, provided the same custodian and DDP are appointed; operative effect: FVCI registration will be processed on the basis of information/documents submitted for FPI registration. SWAGAT-FI allows conversion of eligible FPIs to SWAGAT-FI FVCIs via application to the DDP, with the same custodian/DDP requirement; operative effect: streamlined conversion without fresh documentary submission. Renewal and compliance cycles are amended so renewal fees must be paid and information updates intimated before expiry, with subsequent blocks set at five years generally and ten years for SWAGAT-FI entities; operative effect: extended registration validity and timing for renewals. KYC periodicity for SWAGAT-FI FVCIs is set at ten years; operative effect: reduced frequency of periodic KYC reviews. SEBI. Effective June 1, 2026.
SWAGAT-FI establishes a single-window mechanism permitting a SWAGAT-FI applicant to seek FVCI registration concurrently with FPI registration without submitting duplicate application forms or supporting documents, provided the same custodian and DDP are appointed; operative effect: FVCI registration will be processed on the basis of information/documents submitted for FPI registration. SWAGAT-FI allows conversion of eligible FPIs to SWAGAT-FI FVCIs via application to the DDP, with the same custodian/DDP requirement; operative effect: streamlined conversion without fresh documentary submission. Renewal and compliance cycles are amended so renewal fees must be paid and information updates intimated before expiry, with subsequent blocks set at five years generally and ten years for SWAGAT-FI entities; operative effect: extended registration validity and timing for renewals. KYC periodicity for SWAGAT-FI FVCIs is set at ten years; operative effect: reduced frequency of periodic KYC reviews. SEBI. Effective June 1, 2026.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
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