Retrospective application of beneficial circulars upheld, binding officers and granting post adjudication relief where adjudication occurred after cir...
Admissibility of Investigation Statements requires witness examination before the adjudicating authority; otherwise statements cannot sustain a penalt...
Transaction value and connected person treatment in excise valuation: proprietary concerns not inter connected undertakings, relief on valuation and c...
Appointment of Registrars as adjudicating officers under Companies Act reallocates territorial jurisdiction and sets appeal route to Regional Director...
Composite supply of drilling services and site specific chemicals characterised as composite supply; prior advance rulings set aside, tax rate left op...
SEBI grants a one-time relaxation extending the validity of observation letters expiring between 1 April 2026 and 30 September 2026 until 30 September 2026, where issuers face market-related delays in public issue planning. The extension is subject to an undertaking from the lead manager confirming compliance with Schedule XVI of the ICDR Regulations when submitting the updated offer document. The circular applies with immediate effect and preserves the existing framework on the validity period of SEBI observations, while temporarily easing lapses caused by uncertain market conditions.
SEBI grants a one-time relaxation extending the validity of observation letters expiring between 1 April 2026 and 30 September 2026 until 30 September 2026, where issuers face market-related delays in public issue planning. The extension is subject to an undertaking from the lead manager confirming compliance with Schedule XVI of the ICDR Regulations when submitting the updated offer document. The circular applies with immediate effect and preserves the existing framework on the validity period of SEBI observations, while temporarily easing lapses caused by uncertain market conditions.
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