Limitation period commencement and procedural inquiry rules: identity-based limitation upheld; complaints by authorised public servants need not attra...
Pre-trial bail granted where custodial period, documentary prosecution, and magistrate-triable offence favor release subject to surety and no witness ...
Allowability of Salary Exemptions: Form 16 entries can substantiate HRA and other salary exemptions, and home loan interest is deductible for a self-o...
Credit rating agencies undertaking ratings of instruments regulated by other financial sector regulators must segregate communications, disclosures and marketing from SEBI regulated activities, using separate email IDs and website sections; effect: clear separation of grievance channels and consumer-facing materials. They must preserve SEBI minimum net worth requirements in addition to any stipulations by other regulators; effect: SEBI net worth floor remains binding. Rating reports, press releases and marketing must identify the applicable regulator and state that SEBI investor protection and grievance mechanisms do not apply; effect: informed investor notice. Client engagement requires upfront written disclosure and confirmation; effect: documented client consent. Internal audit must include a board approved undertaking of compliance. SEBI circular applies as specified.
Credit rating agencies undertaking ratings of instruments regulated by other financial sector regulators must segregate communications, disclosures and marketing from SEBI regulated activities, using separate email IDs and website sections; effect: clear separation of grievance channels and consumer-facing materials. They must preserve SEBI minimum net worth requirements in addition to any stipulations by other regulators; effect: SEBI net worth floor remains binding. Rating reports, press releases and marketing must identify the applicable regulator and state that SEBI investor protection and grievance mechanisms do not apply; effect: informed investor notice. Client engagement requires upfront written disclosure and confirmation; effect: documented client consent. Internal audit must include a board approved undertaking of compliance. SEBI circular applies as specified.
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