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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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New SEBI rules for Clearing Corporations: Guidelines for Core SGF & Default Waterfall. Participants must comply with risk-based contributions.

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....The circular dated June 19, 2024, u/s 11(1) SEBI Act, 1992, addresses Contribution to Core Settlement Guarantee Fund and Default Waterfall for Limited Purpose Clearing Corporation (LPCC). It amends guidelines for contributions to Core SGF and Default waterfall, allowing direct participation by participants in LPCC. Participants' contributions to Core SGF are risk-based and subject to conditions. Timelines for contribution replenishment and default waterfall sequence are specified. LPCC must make necessary amendments and communicate implementation status to SEBI. The circular aims to protect investors' interests in the securities market.....

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