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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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Participation of mutual funds in repo in corporate debt securities

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....ary 8, 2010, has issued the 'Repo in Corporate Debt Securities (Reserve Bank) Directions, 2010'. The same has been modified vide RBI Circular No. DNBS.PD/CC. No. 196/03.05.002/2010-11 dated August 11, 2010 and RBI Circular No. IDMD.PCD.22/11.08.38/2010-11 dated November 09, 2010. 2. The said Directions have, inter alia, enabled mutual funds to participate in repos in corporate debt securities sub....

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....ndia (Mutual Funds) Regulations, 1996, mutual funds shall borrow through repo transactions only if the tenor of the transaction does not exceed a period of six months. e. The Trustees and the Asset Management Companies shall frame guidelines about, inter alia, the following in context of these transactions, keeping in mind the interest of investors in their schemes: i. Category of counterparty....

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