Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
SEBI amended the securitised debt instruments and security receipts regulations to tighten governance and disclosure requirements. Where the originator is RBI-regulated, the special purpose distinct entity may have only one board representative from that originator, and the representative has no veto power. The amendment also bars a special purpose distinct entity from acquiring debt or receivables from an originator that is in the same group as, or under the same control as, the trustee. Several provisions replace references from "originator" to "servicer," expand the circumstances for action or direction in investors' interest, substitute trustee-related wording in the event of suspension or cancellation, and add concentration risk from single asset securitisation to Schedule V.
SEBI amended the securitised debt instruments and security receipts regulations to tighten governance and disclosure requirements. Where the originator is RBI-regulated, the special purpose distinct entity may have only one board representative from that originator, and the representative has no veto power. The amendment also bars a special purpose distinct entity from acquiring debt or receivables from an originator that is in the same group as, or under the same control as, the trustee. Several provisions replace references from "originator" to "servicer," expand the circumstances for action or direction in investors' interest, substitute trustee-related wording in the event of suspension or cancellation, and add concentration risk from single asset securitisation to Schedule V.
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