Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
This circular outlines the parameters and framework for independent external evaluation of performance of Market Infrastructure Institutions (MIIs) like stock exchanges, clearing corporations, and depositories. The key aspects are: minimum criteria with weightages for evaluation across areas like technology resilience, investor education, regulatory compliance, governance, and fair access; a rating framework for consistent assessment; principles for appointment of independent external agency; timelines requiring first evaluation for FY 2024-25 and subsequent three-yearly evaluations; and guidelines for performance evaluation of Managing Director and Key Management Personnel linking to regulatory and compliance outcomes. MIIs must implement necessary systems, amend bye-laws, and disseminate the circular. The measures aim to enhance MII performance, governance, and regulatory compliance for investor protection and market development.
This circular outlines the parameters and framework for independent external evaluation of performance of Market Infrastructure Institutions (MIIs) like stock exchanges, clearing corporations, and depositories. The key aspects are: minimum criteria with weightages for evaluation across areas like technology resilience, investor education, regulatory compliance, governance, and fair access; a rating framework for consistent assessment; principles for appointment of independent external agency; timelines requiring first evaluation for FY 2024-25 and subsequent three-yearly evaluations; and guidelines for performance evaluation of Managing Director and Key Management Personnel linking to regulatory and compliance outcomes. MIIs must implement necessary systems, amend bye-laws, and disseminate the circular. The measures aim to enhance MII performance, governance, and regulatory compliance for investor protection and market development.
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