Retrospective application of beneficial circulars upheld, binding officers and granting post adjudication relief where adjudication occurred after cir...
Admissibility of Investigation Statements requires witness examination before the adjudicating authority; otherwise statements cannot sustain a penalt...
Transaction value and connected person treatment in excise valuation: proprietary concerns not inter connected undertakings, relief on valuation and c...
The Master Circular consolidates the Social Stock Exchange (SSE) framework, rescinds prior SSE circulars while preserving actions taken under them, and sets operative requirements: NPO registration criteria (legal form, minimum age, financial thresholds, tax registrations), listing and public-issue procedure for Zero Coupon Zero Principal Instruments (ZCZP) including dematerialised non-transferability, minimum issue and subscription thresholds, and refund rules. It prescribes minimum initial disclosures, annual disclosures and Annual Impact Report (AIR) requirements (assessment by Social Impact Assessors), quarterly fund utilization statements, recognition of Self Regulatory Organizations for assessors, and constitution and terms of a Governing Council to oversee SSE functioning.
The Master Circular consolidates the Social Stock Exchange (SSE) framework, rescinds prior SSE circulars while preserving actions taken under them, and sets operative requirements: NPO registration criteria (legal form, minimum age, financial thresholds, tax registrations), listing and public-issue procedure for Zero Coupon Zero Principal Instruments (ZCZP) including dematerialised non-transferability, minimum issue and subscription thresholds, and refund rules. It prescribes minimum initial disclosures, annual disclosures and Annual Impact Report (AIR) requirements (assessment by Social Impact Assessors), quarterly fund utilization statements, recognition of Self Regulatory Organizations for assessors, and constitution and terms of a Governing Council to oversee SSE functioning.
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