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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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Related party transactions

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....assets or securities to related parties; (c) lease assets to related parties; (d) lease assets from related parties; (e) invest in securities issued by related parties; (f) borrow from related parties. (3) With respect to purchase or sale of properties ^1[***] after initial offer,- (a) two valuation reports from two different valuers, independent of each other, shall be obtained; (b) such valuers shall undertake a full valuation of the assets proposed to be purchased or sold as specified under regulation 21; (c) Transactions for purchase of such assets shall be at a price not greater than, and transactions for sale of such assets shall be at a price not lesser than, ^2[one hu....

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.... into any such subsequent transaction with any related party; (c) for the purpose of obtaining approval for such transactions, the manager shall obtain approval from unit holders in accordance with regulation 22 and request for such approval shall be accompanied by a transaction document. (6) The disclosures in the offer document and transaction document shall include the following, as may be applicable,- (a) identity of the related parties and their relationship with the REIT or parties to the REIT; (b) nature and details of the transactions entered into or proposed to be entered into with such related parties including description and location of assets; (c) the price or value of the assets or securi....

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....shall be obtained. (8) For any related party transaction requiring approval of the unit holders or proposed to be undertaken immediately after the initial offer, the agreement shall be entered into within six months from date of close of initial offer or from date of approval of the unit holders, as the case may be: Provided that in case of the agreement is not entered into within such period, approval from the unit holders may be sought for extension for another six months in accordance with regulation 22 with the updated valuation report(s). (9) Adequate disclosures of all related party transactions that have been entered into prior to the follow-on offer shall be made in the follow-on offer document. (10) Transaction between ....