International transaction characterisation of domestic divestment of support services business rejected; transaction between resident associated enter...
Minimum Import Price restrictions for Black Pepper, Areca-nuts and Apples upheld; procedural laying failure not fatal, notifications to be placed befo...
Transaction value between related persons requires market-equivalent pricing; importer must prove declared value mirrors ordinary international trade ...
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Regulation 9(f) is amended to replace wording permitting credit rating agencies to carry out specified other activities and to rate financial instruments under guidelines of a financial sector regulator or authority with wording allowing CRAs to carry out any other activity as may be specified by the Board and to rate instruments falling within the purview of any other financial sector regulator or authority, operative effect: CRAs may perform additional Board-specified activities and rate instruments under the regulatory purview of other regulators. The Explanation is substituted to require such ratings to conform to the respective regulator's rating guidelines and be under that regulator's purview, operative effect: ratings by CRAs must follow and remain subject to the applicable regulator's guidelines and oversight. The existing proviso is omitted, operative effect: the prior proviso no longer applies.
Regulation 9(f) is amended to replace wording permitting credit rating agencies to carry out specified other activities and to rate financial instruments under guidelines of a financial sector regulator or authority with wording allowing CRAs to carry out any other activity as may be specified by the Board and to rate instruments falling within the purview of any other financial sector regulator or authority, operative effect: CRAs may perform additional Board-specified activities and rate instruments under the regulatory purview of other regulators. The Explanation is substituted to require such ratings to conform to the respective regulator's rating guidelines and be under that regulator's purview, operative effect: ratings by CRAs must follow and remain subject to the applicable regulator's guidelines and oversight. The existing proviso is omitted, operative effect: the prior proviso no longer applies.
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