Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
SEBI established a comprehensive framework for Past Risk and Return Verification Agency (PaRRVA) to verify and validate risk-return metrics for regulated financial intermediaries. The framework mandates specific eligibility criteria for Credit Rating Agencies (CRAs) and Stock Exchanges (SEs) to participate, including minimum 15 years of existence, substantial net worth, and robust investor grievance mechanisms. The verification process will operate on a two-stage approval mechanism, with an initial pilot period of two months, during which verified risk-return metrics will not be publicly disclosed. PaRRVA will be responsible for defining verification methodology, formulating operational workflows, and establishing systems for data management and dispute resolution, with SEBI retaining oversight and enforcement capabilities.
SEBI established a comprehensive framework for Past Risk and Return Verification Agency (PaRRVA) to verify and validate risk-return metrics for regulated financial intermediaries. The framework mandates specific eligibility criteria for Credit Rating Agencies (CRAs) and Stock Exchanges (SEs) to participate, including minimum 15 years of existence, substantial net worth, and robust investor grievance mechanisms. The verification process will operate on a two-stage approval mechanism, with an initial pilot period of two months, during which verified risk-return metrics will not be publicly disclosed. PaRRVA will be responsible for defining verification methodology, formulating operational workflows, and establishing systems for data management and dispute resolution, with SEBI retaining oversight and enforcement capabilities.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
