Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
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Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
SEBI issued a regulatory circular revising disclosure requirements for Infrastructure Investment Trusts (InvITs). The circular modifies financial reporting guidelines in offer documents and placement memoranda, specifically addressing proforma financial statements, audited asset financials, and disclosure frameworks. Key amendments include provisions for assets acquired after financial reporting periods, allowing references to public financial disclosures, and mandating combined/carved-out financial statements when general purpose statements are unavailable. The regulatory changes aim to enhance transparency and standardize financial reporting for InvITs, with immediate implementation except for Chapter 4 provisions, which become effective from April 01, 2025.
SEBI issued a regulatory circular revising disclosure requirements for Infrastructure Investment Trusts (InvITs). The circular modifies financial reporting guidelines in offer documents and placement memoranda, specifically addressing proforma financial statements, audited asset financials, and disclosure frameworks. Key amendments include provisions for assets acquired after financial reporting periods, allowing references to public financial disclosures, and mandating combined/carved-out financial statements when general purpose statements are unavailable. The regulatory changes aim to enhance transparency and standardize financial reporting for InvITs, with immediate implementation except for Chapter 4 provisions, which become effective from April 01, 2025.
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