Tariff classification of Digital Axle Counters affirmed as electro-mechanical railway signalling equipment, eliminating duty, confiscation and penalty...
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This circular clarifies that research reports and recommendations issued by Research Analysts (RAs) are not considered advertisements unless they contain elements promoting products or services offered by the RA. The advertisement code provisions apply to pamphlets, brochures, notices, electronic/audio-visual communications, or any material designed for publication, except research reports lacking promotional content. Research reports with express or implied promotion of RA's offerings will be construed as advertisements. The circular aims to protect investor interests and regulate securities markets under SEBI Act and RA Regulations.
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