Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
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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