Tax determination against deceased proprietor invalid where no notice to legal representative; appeal rejected without addressing jurisdictional defec...
Revocation of GST registration and permission to file blocked returns; conditional defreezing of bank accounts after security and instalment applicati...
Right to access seized electronic evidence: impugned adjudication treated as additional show cause notice, remand for fresh hearing and return of mate...
SEBI's updated Master Circular for Mutual Funds aligns operational requirements with the SEBI (Mutual Funds) Regulations, 2026, effective 1 April 2026, and rescinds specified earlier circulars to the extent applicable to the mutual fund industry. It consolidates filing, disclosure, scheme categorisation, benchmark, valuation, risk management, governance, trading, and reporting requirements for mutual funds and AMCs, while preserving actions taken and rights, obligations, liabilities, and proceedings arising under rescinded circulars. It also requires periodic or continuous reporting by regulated entities, and confirms that mutual fund-specific directions continue to apply alongside other law. The circular replaces the June 27, 2024 Master Circular for Mutual Funds.
SEBI's updated Master Circular for Mutual Funds aligns operational requirements with the SEBI (Mutual Funds) Regulations, 2026, effective 1 April 2026, and rescinds specified earlier circulars to the extent applicable to the mutual fund industry. It consolidates filing, disclosure, scheme categorisation, benchmark, valuation, risk management, governance, trading, and reporting requirements for mutual funds and AMCs, while preserving actions taken and rights, obligations, liabilities, and proceedings arising under rescinded circulars. It also requires periodic or continuous reporting by regulated entities, and confirms that mutual fund-specific directions continue to apply alongside other law. The circular replaces the June 27, 2024 Master Circular for Mutual Funds.
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