Transfer pricing adjustments for software services, corporate guarantees, expense characterisation and foreign tax credit affirmed under arm's length ...
Scientific Research approval for Sikshya O Anusandhan under section 35(1)(ii) granted subject to reporting, certification, and compliance requirements...
SEBI-prescribed guidelines require custodians to segregate regulated and unregulated financial services into separate Strategic Business Units with arm's-length accounting and net worth assessed excluding SBU books; custodians offering unregulated services must disclose and obtain client acknowledgement of no SEBI recourse. Custodians must implement board-level governance committees, documented risk management policies, scalable IT capacity, Business Continuity Plans and Disaster Recovery Sites with specified resilience/distance standards, annual DR drills and auditor review. A framework for orderly wind-down assuring seamless client portability is mandated. Certain duplicate reporting obligations to SEBI are discontinued. Specific implementation deadlines are prescribed for wind-down and DR compliance.
SEBI-prescribed guidelines require custodians to segregate regulated and unregulated financial services into separate Strategic Business Units with arm's-length accounting and net worth assessed excluding SBU books; custodians offering unregulated services must disclose and obtain client acknowledgement of no SEBI recourse. Custodians must implement board-level governance committees, documented risk management policies, scalable IT capacity, Business Continuity Plans and Disaster Recovery Sites with specified resilience/distance standards, annual DR drills and auditor review. A framework for orderly wind-down assuring seamless client portability is mandated. Certain duplicate reporting obligations to SEBI are discontinued. Specific implementation deadlines are prescribed for wind-down and DR compliance.
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