Concessional corporate tax option under section 115BAA survives procedural documentary lapses when statutory compliance and earlier exercise are estab...
Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
SEBI specifies that a benchmark or index based on listed securities will be treated as a 'Significant Index' where the daily average cumulative mutual fund AUM tracking it exceeds Rs. 20,000 crore for each of the preceding six months, reviewed every 30 June and 31 December. An index placed on the list remains there until it fails the threshold for three continuous years. Index providers of listed Significant Indices must apply for registration with SEBI within six months, unless all such indices are RBI-notified Significant Benchmarks or Authorized Benchmarks. Existing providers may continue for six months pending registration, and entities also carrying on other SEBI-registered business must create a separate legal entity within two years. Grievance redressal applies only to Significant Indices provided by SEBI-registered index providers.
SEBI specifies that a benchmark or index based on listed securities will be treated as a 'Significant Index' where the daily average cumulative mutual fund AUM tracking it exceeds Rs. 20,000 crore for each of the preceding six months, reviewed every 30 June and 31 December. An index placed on the list remains there until it fails the threshold for three continuous years. Index providers of listed Significant Indices must apply for registration with SEBI within six months, unless all such indices are RBI-notified Significant Benchmarks or Authorized Benchmarks. Existing providers may continue for six months pending registration, and entities also carrying on other SEBI-registered business must create a separate legal entity within two years. Grievance redressal applies only to Significant Indices provided by SEBI-registered index providers.
Note: It is a system-generated summary and is for quick reference only.
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