Monthly fee framework for custodians replaces annual fee payment and revises transitional liability under the amended schedule. The amendments replace the annual fee framework for custodians with a monthly fee framework, including corresponding changes in the regulatory provisions and Second Schedule. The revised schedule prescribes a monthly fee and sets out payment timing, proportionate liability for newly registered custodians, and transitional treatment for custodians already registered before commencement, including adjustment of any overlapping annual fee already paid.
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.
Monthly fee framework for custodians replaces annual fee payment and revises transitional liability under the amended schedule.
The amendments replace the annual fee framework for custodians with a monthly fee framework, including corresponding changes in the regulatory provisions and Second Schedule. The revised schedule prescribes a monthly fee and sets out payment timing, proportionate liability for newly registered custodians, and transitional treatment for custodians already registered before commencement, including adjustment of any overlapping annual fee already paid.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
