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 issued a circular mandating Credit Rating Agencies (CRAs) to use Expected Loss (EL) based Rating Scale for municipal bonds financing infrastructure assets. The circular allows CRAs to supplement standardized rating scales with EL ratings to better reflect recovery prospects of municipal bonds. Implemented immediately under Section 11(1) of SEBI Act, 1992, the directive aims to enhance transparency and provide more comprehensive risk assessment for infrastructure-related municipal debt instruments, following consultations with the Corporate Bonds and Securitisation Advisory Committee.
SEBI issued a circular mandating Credit Rating Agencies (CRAs) to use Expected Loss (EL) based Rating Scale for municipal bonds financing infrastructure assets. The circular allows CRAs to supplement standardized rating scales with EL ratings to better reflect recovery prospects of municipal bonds. Implemented immediately under Section 11(1) of SEBI Act, 1992, the directive aims to enhance transparency and provide more comprehensive risk assessment for infrastructure-related municipal debt instruments, following consultations with the Corporate Bonds and Securitisation Advisory Committee.
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