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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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India's SEBI tightens rules for Foreign Portfolio Investors with new conditions on contributions and control. Exemptions for IFSC regulated entities.

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....The Securities and Exchange Board of India (SEBI) issued a notification on the Foreign Portfolio Investors (FPI) (Second Amendment) Regulations, 2024. The amendment imposes conditions on FPIs, such as limiting individual contributions, controlling Indian exposure, and prohibiting control by specific individuals. It also exempts certain applicants regulated by the International Financial Services Centres Authority. Existing exemptions remain valid. The regulations came into force upon publication in the Official Gazette. The amendment aims to enhance oversight and compliance within the FPI framework.....

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