Trademark depreciation and section 14A adjustments: ITAT applies consistency, independent book-profit computation, and no disallowance without exempt ...
Rebuttable search presumptions and corroboration standards shaped deletion of unsubstantiated additions, while rental income and limited profit estima...
SEBI circular eliminates the requirement of issuing a Letter of Confirmation and mandates direct credit of securities into investors' demat accounts after due diligence by RTAs/issuer companies. RTAs/issuers must obtain a Client Master List (not older than two months) attested by the Depository Participant and initiate a demat conversion request; depositories/RTAs/listed companies must notify investors on successful dematerialisation. Processing timelines for service requests are 30 days; physical certificates must be retained and defaced or retained per procedure, and lock-in periods must be communicated on credit. Changes take effect April 2, 2026; prior LOCs remain usable within 120 days.
SEBI circular eliminates the requirement of issuing a Letter of Confirmation and mandates direct credit of securities into investors' demat accounts after due diligence by RTAs/issuer companies. RTAs/issuers must obtain a Client Master List (not older than two months) attested by the Depository Participant and initiate a demat conversion request; depositories/RTAs/listed companies must notify investors on successful dematerialisation. Processing timelines for service requests are 30 days; physical certificates must be retained and defaced or retained per procedure, and lock-in periods must be communicated on credit. Changes take effect April 2, 2026; prior LOCs remain usable within 120 days.
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