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AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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        Case ID :
        FEMA & RBI

        Auction of Government of India Dated Securities Scheduled on February 22, 2013 Cancelled

        February 18, 2013

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        On review of the Government of India’s cash position and funding requirement, it has been decided, in consultation with Reserve Bank of India(RBI), to reduce the government market borrowing through dated securities by Rs. 12,000/- crore for the current financial year. Accordingly, the auction for dated securities scheduled on February 22, 2013 for Rs. 12,000/- crore has been cancelled.

        DSM/RS/ka

        (Release ID :92290)

        Government market borrowing reduction leads to cancellation of a scheduled dated securities auction to align funding with cash needs. Decision to reduce government market borrowing following a review of cash position and funding needs led to cancellation of a scheduled auction of dated securities for the current financial year, implemented in consultation with the Reserve Bank to align issuance with revised funding requirements.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Government market borrowing reduction leads to cancellation of a scheduled dated securities auction to align funding with cash needs.

                                Decision to reduce government market borrowing following a review of cash position and funding needs led to cancellation of a scheduled auction of dated securities for the current financial year, implemented in consultation with the Reserve Bank to align issuance with revised funding requirements.


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