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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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Risk Management norms for commodity derivatives

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..... SEBI has issued various circulars from time to time prescribing risk management norms for commodity derivatives exchanges. Post the transfer of clearing and settlement functions from commodity derivatives exchanges to Clearing Corporations, Clearing Corporations shall be required to comply with all such norms. However, norms related to minimum Liquid Net-worth and Base Minimum Capital requiremen....

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Full Text of the Document

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....as may be specified by SEBI from time to time shall be deducted from the liquid assets of a clearing member to arrive at 'Liquid Net-worth' of member). Acceptance of Fixed Deposit Receipts (FDRs) as collateral 3. SEBI has issued circular CIR/MRD/DRMNP/65/2016 dated July 15, 2016 on "Acceptance of Fixed Deposit Receipts (FDRs) by Clearing Corporations" to Recognised Clearing Corporations. Commodi....

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