Provisional attachment under Prevention of Money Laundering Act requires exhaustion of statutory remedies; impugned order set aside, appeal to tribuna...
Restoration of property under Prevention of Money Laundering Act after attachment dispute rendered academic; possession directed to successful resolut...
Goods Transport Agency services via e commerce portals: consignment note creates custody and liability and enables exemption for unregistered recipien...
Reverse charge and assignment of royalty collection: exemption for excess royalty collectors subject to reconciliation; leaseholders remain liable und...
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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