In order to strengthen the governance structure for Mutual Funds, SEBI has placed framework for tenure of independent director and trustee. As per the new norms, an independent director or independent trustee is allowed to hold only two consecutive five-year terms. However, such individuals will be eligible for re-appointment after […]

Instances had come to notice of the Central Board of Direct Taxes (CBDT) that some Assessing Officers (AOs) were traveling beyond their jurisdiction while making assessments in limited scrutiny cases. Therefore, CBDT has asked AOs to abide by the instructions of CBDT while completing limited scrutiny assessments and to maintain […]