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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 Announces Migration Process for Venture Capital Funds to Alternative Investment Funds Regulations by 2025 Deadline.

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Full Text of the Document

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....The circular provides modalities for migration of Venture Capital Funds (VCFs) registered under erstwhile SEBI (Venture Capital Funds) Regulations, 1996 to SEBI (Alternative Investment Funds) Regulations, 2012. It allows VCFs flexibility to migrate as "Migrated VCFs" under AIF Regulations and avail facility to deal with unliquidated investments upon expiry of tenure. Key points are: - VCFs can apply to SEBI for migration by July 19, 2025, by submitting requisite information. - For schemes whose liquidation period hasn't expired, tenure upon migration shall continue as per original PPM or be determined with 75% investor approval. - For schemes not wound up post liquidation period expiry, a one-time additional liquidation period of one year f.........

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