Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
SEBI has prescribed standard application forms and a certificate of registration for stock brokers and clearing members (Annexure); the forms set required applicant particulars, undertakings including compliance with Fit and Proper Person criteria and documentary proofs, and a model certificate of registration. The circular makes these forms effective retrospectively from January 07, 2026, and directs recognized stock exchanges and clearing corporations to disseminate the forms to members/participants and amend relevant bye laws, rules and regulations to implement the requirements. The circular is issued under statutory regulatory powers to protect investors and regulate securities markets.
SEBI has prescribed standard application forms and a certificate of registration for stock brokers and clearing members (Annexure); the forms set required applicant particulars, undertakings including compliance with Fit and Proper Person criteria and documentary proofs, and a model certificate of registration. The circular makes these forms effective retrospectively from January 07, 2026, and directs recognized stock exchanges and clearing corporations to disseminate the forms to members/participants and amend relevant bye laws, rules and regulations to implement the requirements. The circular is issued under statutory regulatory powers to protect investors and regulate securities markets.
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