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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 circular allows NRIs, OCIs, and RIs to invest in IFSC-based FPIs in India. Up to 100% contribution permitted.

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Full Text of the Document

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....The circular issued by SEBI on June 27, 2024, allows Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), and Resident Indian (RI) individuals to participate in SEBI registered Foreign Portfolio Investors (FPIs) based in International Financial Services Centres (IFSCs) in India. Amendments to the FPI Regulations, 2019 now permit up to 100% aggregate contribution by NRIs, OCIs, and RI individuals in IFSC-based FPIs regulated by IFSCA. The circular outlines conditions including submission of declarations, provision of identity documents, diversification of investments, and requirements for Investment Managers. Enforcement of the circular is immediate to safeguard investor interests and regulate the securities market.....

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