Allocation of registration charges: contractual clause overriding statutory presumption allowed as deduction against capital gain after unrebutted doc...
Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
SEBI has issued a Master Circular consolidating earlier...
Regulatory consolidation for investment advisers: SEBI issues master circular consolidating guidance and prescribing compliance, reporting, fees and supervision.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
SEBI has issued a Master Circular consolidating earlier circulars governing Investment Advisers and rescinding prior directions to the extent they relate to IAs, while preserving actions taken under them. The circular prescribes client-level segregation of advisory and distribution activities, standardized agreement terms and MITC, permitted fee modes and revised fixed-fee cap, deposit requirements, relaxed qualification pathways with certification timelines, record-keeping, annual compliance audits and periodic reporting, disclosure and limits on use of AI tools, advertisement and conflict-of-interest rules, framework for administration and supervision via IAASB/RAASB (BSE recognised), optional centralised fee collection, PaRRVA verification regime and technology/cyber and grievance redressal prescriptions.
SEBI has issued a Master Circular consolidating earlier circulars governing Investment Advisers and rescinding prior directions to the extent they relate to IAs, while preserving actions taken under them. The circular prescribes client-level segregation of advisory and distribution activities, standardized agreement terms and MITC, permitted fee modes and revised fixed-fee cap, deposit requirements, relaxed qualification pathways with certification timelines, record-keeping, annual compliance audits and periodic reporting, disclosure and limits on use of AI tools, advertisement and conflict-of-interest rules, framework for administration and supervision via IAASB/RAASB (BSE recognised), optional centralised fee collection, PaRRVA verification regime and technology/cyber and grievance redressal prescriptions.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4814 
Join Channel 
