Inventory write-off and fraudulent/wrongful trading allegations in corporate insolvency led to director liability principles applied and appeal dismis...
Condonation of delay in filing GSTR-3B returns and entitlement to Section 62 benefit results in withdrawal of assessments and revocation of attachment...
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.
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