Reopening Assessments invalid where satisfaction and jurisdictional approval are absent for third party seized material, leading to quashing of assess...
Benami property exclusion from the insolvency estate: Benami Act proceedings preclude IBC tribunals from reopening attachments or treating such assets...
Master Circular consolidates SEBI circulars governing Research Analysts, rescinding earlier circulars insofar as they relate to RAs while preserving prior actions and applications. It prescribes qualification and NISM certification rules, deposit tiers linked to client counts, registration rules including part time and dual IA/RA registration, mandatory disclosures (including AI use), model portfolio standards, client level segregation of research and distribution, fee ceilings for individual/HUF clients, KYC and record keeping, annual compliance audits and periodic reporting, administration/supervision by an RAASB (BSE designated), advertising code, outsourcing, AML/KYC, cybersecurity (CSCRF), PaRRVA verification regime and optional centralised fee collection (CeFCoM).
Master Circular consolidates SEBI circulars governing Research Analysts, rescinding earlier circulars insofar as they relate to RAs while preserving prior actions and applications. It prescribes qualification and NISM certification rules, deposit tiers linked to client counts, registration rules including part time and dual IA/RA registration, mandatory disclosures (including AI use), model portfolio standards, client level segregation of research and distribution, fee ceilings for individual/HUF clients, KYC and record keeping, annual compliance audits and periodic reporting, administration/supervision by an RAASB (BSE designated), advertising code, outsourcing, AML/KYC, cybersecurity (CSCRF), PaRRVA verification regime and optional centralised fee collection (CeFCoM).
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