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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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SEBI issues Master Circular for Alternative Investment Funds incorporating provisions until March 31, 2024.

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Full Text of the Document

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....The Master Circular for Alternative Investment Funds (AIFs) issued by SEBI consolidates regulatory requirements for AIFs. It supersedes previous circulars and incorporates provisions issued until March 31, 2024. AIFs must also comply with SEBI requirements for market intermediaries. Any prior actions under rescinded circulars are deemed under the new Circular. Trustees/sponsors must ensure compliance and submit a "Compliance Test Report." The Circular is issued u/s 11(1) of the SEBI Act to protect investor interests and regulate the securities market.....

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