The Authority introduced frameworks for preferential issues, QIPs, and rights issues to streamline capital raising. The move aims to enhance access to funding and strengthen capital markets within IFSC.
The consultation highlights that existing net worth calculations based on retained client funds are no longer effective. A revised framework is proposed to better reflect broker risk exposure and ensure investor protection.
The draft circular addresses issues in managing unpaid client securities and proposes changes to the existing pledge framework. It introduces timelines, flexibility, and clarity while maintaining investor protection safeguards.
SEBI addressed concerns over high funding costs caused by gross settlement requirements. It permitted netting for outright transactions, reducing liquidity pressure while retaining safeguards for other trades.
The Tribunal held that the AO exceeded the scope of limited scrutiny by invoking Section 68 without prior approval. The assessment was quashed as legally unsustainable, and the addition was deleted.
The updated framework doubles turnover limits and expands eligibility to cooperatives. At the same time, it introduces strict rules on fund usage and governance. The key takeaway is that benefits now come with higher accountability and compliance expectations.
Explains why liquidated damages are generally not subject to GST unless linked to a supply. Highlights the importance of distinguishing compensation from consideration.
The issue involved expanding customs-notified locations to improve trade logistics. The amendment adds Hirnoda as an authorized point, boosting regional trade efficiency.
The Tribunal upheld relief where the assessee provided proof of agricultural activities and income. It rejected additions based solely on statements without investigation. The case underscores the importance of documentary support.
This instruction tackles delays in rebate disbursal by enforcing a strict three-day processing timeline. The key takeaway is that authorities must ensure faster credit to prevent exporter hardship.
