Expenses for overseas film shooting treated as services availed outside India, so no reverse charge service tax liability; cenvat reversals and penalt...
Electricity consumptionbased clandestine production estimates under the repealed Central Excise Act found insufficient; demand quashed and appeals all...
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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