Latest Articles
Regulatory Risks Involved In Down-Selling of NCD Through OBPP Platform
SEBI : This article explains how Online Bond Platform Providers redistribute privately placed NCDs to retail investors, effectively bypas...
GST in India: A Transformative Reform or Still a Work in Progress?
Goods and Services Tax : This analysis examines how GST transformed India’s indirect tax regime while continuing to face compliance, technological, and i...
What to Consider While Opening a Demat Account Online?
Finance : The article explains that investors should evaluate account charges, platform security and service quality before opening a demat ...
Women Reservation in India: A Legal Perspective
Corporate Law : The article explains how the Constitution (One Hundred and Sixth Amendment) Act, 2023 introduced one-third reservation for women i...
Section 69A Addition Deleted Because Cross-Examination of Third-Party Witness Was Denied
Income Tax : ITAT Mumbai held that an addition under Section 69A cannot be sustained when the assessee is denied the opportunity to cross-exami...
Latest News
Representation for timely release of e-filing utilities for ITR for AY 2026-27
Income Tax : KSCAA requested the CBDT to release e-filing utilities and schemas for AY 2026-27 without delay, stating that pending utilities ar...
IFSCA Proposes Amendment to Align “Premium” Definition With Insurance Act
Finance : IFSCA released a consultation paper proposing changes to premium-related regulations after the Insurance Act, 1938 was amended thr...
SEBI Plans Cap on Commodity Derivatives Penalties Due to Concerns Over Excessive Punishment
SEBI : The regulator has proposed capping penalties for position limit breaches in commodity derivatives, stating that excessive penaltie...
SEBI Proposes Phased Physical Settlement in Agricultural Commodity Derivatives
SEBI : SEBI has proposed objective triggers such as average daily traded volume and open interest for transitioning agricultural derivati...
SEBI Proposes 5% Utilization of IPF Income
SEBI : SEBI has proposed allowing depositories to use up to 5% of interest or income earned from Investor Protection Fund investments for...
Latest Judiciary
No Retrospective GST Registration Cancellation Without Proper Hearing: Bombay HC
Goods and Services Tax : Bombay High Court held that GST registration cannot be cancelled without proper hearing and a reasoned order. The Court quashed th...
Bombay HC Condones 430-Day Delay in Filing Form 10 for Section 11 Exemption
Income Tax : Bombay High Court held that delay in filing Form No. 10 for claiming accumulation under Section 11(2) should be condoned where gen...
ITAT Grants Partial Relief in Demonetization Cash Deposit Case Due to Senior Citizen Status
Income Tax : The ITAT Amritsar reduced additions on unexplained cash deposits after considering that the assessee and his wife were senior citi...
ITAT Remands Section 54B Claim Due to Dispute Over Agricultural Use Evidence
Income Tax : The ITAT Amritsar remanded a case involving denial of section 54B exemption where the assessee relied on Girdawari records to prov...
Excel Sheets & Third-Party Statements Alone Cannot Prove Cash Payment: ITAT Mumbai
Income Tax : The Mumbai ITAT held that additions under Section 69 cannot be sustained merely on the basis of uncorroborated excel-sheet entries...
Latest Notifications
PFRDA Mandates PAN as Unique Identifier for Pension Agents Across Multiple NPS PoPs
Corporate Law : PFRDA clarified that Pension Agents working with multiple Points of Presence must be identified through PAN for better traceabilit...
IFSCA Issues Master Circular for Broker Dealers and Clearing Members
Finance : IFSCA consolidated the regulatory framework for Broker Dealers and Clearing Members in GIFT IFSC into a single Master Circular. Th...
IFSCA Clarifies Permissible Channels for Investment Advisers to Provide Implementation Services
Finance : IFSCA issued a circular explaining how Investment Advisers in the IFSC can provide implementation services for various financial p...
ROC Imposes Penalty for Missing PAN and Email Details in PAS-3 Filing
Company Law : ROC Chennai penalised a company and its director for failing to disclose PAN and e-mail IDs of allottees in Form PAS-3. The order ...
ROC Imposes Penalty for Failure to Furnish PAN & Email IDs in PAS-3
Company Law : ROC Chennai penalised a Nidhi company and its directors for incomplete allottee disclosures in Form PAS-3. The order clarifies tha...
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FAQs
FAQs on SEBI – IVCA Annual Activity Report (AAR) is Prepared with reference to SEBI (Alternative Investment Funds) Regulations, 2012 and SEBI Master Circular for AIFs dated May 07, 2024. Annual Activity Report (“AAR”) introduced by SEBI in consultation with IVCA is a significant step towards standardized and granular reporting by Alternative Investment Funds (“AIFs”). The […]
The article explains that architectural, accommodation, and related immovable property services are governed by Section 12(3) of the IGST Act. It clarifies that the place of supply is linked to the property location rather than the recipient’s location.
The update addresses regulatory relief for NBFCs without public funds or customer interface. It allows eligible entities to operate without registration while ensuring continued oversight and compliance safeguards.
The issue concerns regulatory burden on smaller NBFCs without systemic risk exposure. The RBI introduced exemption for such entities under “Unregistered Type I NBFCs.” The key takeaway is that low-risk NBFCs may operate without registration subject to strict conditions.
The issue concerns delays in pension credit caused by banks. The guidelines mandate 8% interest compensation for such delays. The key takeaway is that banks are accountable for timely pension payments.
