Taxmann Professionals

#TaxmannAnalysis #Opinion India’s insurance distribution model may be heading for a significant reset. IRDAI’s September 2026 consultation paper questions whether rising commissions and distribution costs are translating into wider insurance penetration, better service and greater value for policyholders. This article analyses the proposed reforms to commission structures, expense limits, suitability obligations, digital distribution and intermediary accountability. ‣ 𝐂𝐨𝐦𝐦𝐢𝐬𝐬𝐢𝐨𝐧 𝐂𝐚𝐩𝐬 – How IRDAI proposes product- and channel-specific limits instead of relying only on overall expense ceilings ‣ 𝐇𝐞𝐚𝐥𝐭𝐡 & 𝐌𝐨𝐭𝐨𝐫 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 – Why rapidly rising distribution remuneration has brought these segments under closer regulatory scrutiny ‣ 𝐒𝐮𝐢𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲 & 𝐌𝐢𝐬-𝐬𝐞𝐥𝐥𝐢𝐧𝐠 – How documented needs assessments, audit trails and individual accountability could reshape insurance sales

#CorporateLaw #Opinion The Tata Sons dispute is not merely about ownership. It raises deeper questions about how control is exercised in a private holding company where majority ownership, special rights under the Articles of Association, minority shareholder interests and regulatory pressures all intersect. This article examines the Tata Sons governance structure, the SP Group dispute, the 2026 boardroom episode, and how RBI and SEBI requirements could reshape the balance of power going forward. ‣ 𝐎𝐰𝐧𝐞𝐫𝐬𝐡𝐢𝐩 & 𝐂𝐨𝐧𝐭𝐫𝐨𝐥 – How the Tata Trusts’ majority holding and the SP Group’s significant minority stake create a distinctive governance structure ‣ 𝐀𝐫𝐭𝐢𝐜𝐥𝐞𝐬 𝐨𝐟 𝐀𝐬𝐬𝐨𝐜𝐢𝐚𝐭𝐢𝐨𝐧 – Why Articles 75, 118 and 121 remain central to board appointments, affirmative rights and shareholder exit ‣ 𝐁𝐨𝐚𝐫𝐝𝐫𝐨𝐨𝐦 𝐃𝐢𝐬𝐩𝐮𝐭𝐞 – How the 2026 reappointment episode raised questions over casting votes and the majority required among Trust-nominated directors

#AccountsAndAudit #Opinion The proposed Ind AS 118 brings management-defined performance measures, or MPMs, into a more structured disclosure framework. Measures such as adjusted operating profit or adjusted EBITDA may be communicated outside the financial statements, yet still trigger specific disclosure requirements. This article explains how an MPM is identified, which subtotals are excluded, and what entities may need to disclose when management communicates alternative measures of financial performance. ‣ 𝐌𝐏𝐌 𝐈𝐝𝐞𝐧𝐭𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 – When a subtotal used in public communications may qualify as a management-defined performance measure ‣ 𝐏𝐮𝐛𝐥𝐢𝐜 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 – Why a measure may fall within the MPM framework even when it is not presented in the statement of profit and loss ‣ 𝐄𝐱𝐜𝐥𝐮𝐝𝐞𝐝 𝐒𝐮𝐛𝐭𝐨𝐭𝐚𝐥𝐬 – Why not every alternative performance measure communicated by an entity is treated as an MPM