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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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Review of recommendation of Dr. L.C Gupta Committee on Derivatives

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....ta Committee on Derivatives. This is in continuation of SEBI Circular No. FITTC/DC/CIR-1/98 dated June 16, 1998 and Circular No. IES/DC/ 8726/00 dated May 31, 2000 regarding the eligibility criteria, market structure and governance of Derivative Exchange/Segment and their Clearing House/Corporation. SEBI had setup an Advisory Committee on Derivatives headed by Prof. J. R Varma to inter alia revi....

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....Clearing House/Corporation. The Dr. L.C Gupta Committee on Derivatives had permitted exiting stock exchanges having cash trading to trade in derivative contracts through a separate segment with separate membership. Henceforth, the derivative segment of an exchange and its Clearing House/Corporation shall be separate from the cash segment in the following areas- * The legal framework governing ....

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....ative segment of an Exchange may have common personnel, trading terminal and infrastructure. 3. The condition of mandatory appointment of a Chief Executive Officer (CEO) of the derivative segment and its clearing house / corporation, as specified in SEBI circular dated May 31, 2002 is withdrawn. Henceforth, the Executive Director or the Managing Director of the Exchange and the clearing house/cor....

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