Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
SEBI has amended the Credit Rating Agencies Regulations, 1999 by introducing Chapter IIA through notification dated March 20, 2025. The amendment establishes a framework for "Past Risk and Return Verification Agency" activities, allowing credit rating agencies to perform this function with SEBI's approval under specified conditions. Per the new Regulation 12A, approved credit rating agencies must engage a recognized stock exchange as a "Past Risk and Return Verification Agency Data Centre." The amendment comes into force immediately upon publication in the Official Gazette and creates a new regulatory category while maintaining existing credit rating agency operations under the primary regulations.
SEBI has amended the Credit Rating Agencies Regulations, 1999 by introducing Chapter IIA through notification dated March 20, 2025. The amendment establishes a framework for "Past Risk and Return Verification Agency" activities, allowing credit rating agencies to perform this function with SEBI's approval under specified conditions. Per the new Regulation 12A, approved credit rating agencies must engage a recognized stock exchange as a "Past Risk and Return Verification Agency Data Centre." The amendment comes into force immediately upon publication in the Official Gazette and creates a new regulatory category while maintaining existing credit rating agency operations under the primary regulations.
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