Natural justice in insolvency-professional discipline requires disclosed material; notices based on extraneous material and ignored defences are vitia...
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Income Disclosure Scheme immunity and search-material requirements barred further share-transaction additions in unabated assessments under section 15...
This circular modifies the timelines for Credit Rating Agencies (CRAs) regarding communication of ratings to issuers, handling appeals, and dissemination of press releases after periodic surveillance. It mandates CRAs to communicate ratings within 1 working day, allow 3 working days for issuers to appeal, and disseminate press releases within 7 working days of the rating committee meeting. It clarifies the duration for maintaining certain disclosures on websites while requiring records for 10 years. The changes aim to promote ease of doing business and uniformity in appeals. The circular is applicable from August 1, 2024, and compliance will be monitored through internal audits mandated by regulations.
This circular modifies the timelines for Credit Rating Agencies (CRAs) regarding communication of ratings to issuers, handling appeals, and dissemination of press releases after periodic surveillance. It mandates CRAs to communicate ratings within 1 working day, allow 3 working days for issuers to appeal, and disseminate press releases within 7 working days of the rating committee meeting. It clarifies the duration for maintaining certain disclosures on websites while requiring records for 10 years. The changes aim to promote ease of doing business and uniformity in appeals. The circular is applicable from August 1, 2024, and compliance will be monitored through internal audits mandated by regulations.
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