Classification of imported salvaged shaft pieces as ship parts confirmed, reassessment time-barred and appeal allowed restoring original classificatio...
Scope of intermediary status for data hosting services: tribunal finds provider not intermediary, services exported and not taxable, limited remand on...
CENVAT credit availability after omission of Rule 12B in textiles confirmed; late addendum to SCN introducing new grounds held time-barred and invalid...
Export of Wheat Flour and related products subject to online allocation, eligibility criteria, non-transferable six-month authorisations and reporting...
SEBI's Master Circular consolidates all REIT-related circulars to July 11, 2025 and takes immediate effect, superseding earlier circulars while preserving prior actions and applications. It prescribes mandatory online filing, detailed rules for public issues (appointment and due diligence by merchant bankers, ASBA/UPI payment flows, anchor and strategic investor allocation, pricing, allotment and listing timelines), and follow-on/rights/preferential/institutional placement procedures. It mandates financial disclosure standards (Ind AS basis, combined/pro forma statements, audit and limited review requirements, SAE 3400 certification for projections), a defined Net Distributable Cash Flow framework, continuous disclosure, governance reporting, board nomination rights for large unitholders, encumbrance and exit option mechanics, and transfer/claim process for unclaimed distributions to the Investor Protection and Education Fund.
SEBI's Master Circular consolidates all REIT-related circulars to July 11, 2025 and takes immediate effect, superseding earlier circulars while preserving prior actions and applications. It prescribes mandatory online filing, detailed rules for public issues (appointment and due diligence by merchant bankers, ASBA/UPI payment flows, anchor and strategic investor allocation, pricing, allotment and listing timelines), and follow-on/rights/preferential/institutional placement procedures. It mandates financial disclosure standards (Ind AS basis, combined/pro forma statements, audit and limited review requirements, SAE 3400 certification for projections), a defined Net Distributable Cash Flow framework, continuous disclosure, governance reporting, board nomination rights for large unitholders, encumbrance and exit option mechanics, and transfer/claim process for unclaimed distributions to the Investor Protection and Education Fund.
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