Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
Risk-based postal import clearance standardises electronic assessment, document requests, duty realisation and delivery controls at Foreign Post Offic...
Customs Cargo Service Provider appointment extends custodianship to additional terminal land, subject to cargo-control, security and licence condition...
Post-search scrutiny assessment remains available where original assessment limitation is unexpired, permitting timely completion under regular assess...
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SEBI has expanded the permissible use of fresh borrowings by InvITs where net borrowings exceed 49% of InvIT asset value. The borrowings may now be used for capital expenditure to enhance asset performance or augment capacity, for major maintenance expenses in road projects, and for refinancing debt by the InvIT, SPV or Holdco. Major maintenance is limited to non-routine maintenance required under the concession agreement, and road project is confined to the notified roads and bridges infrastructure sub-sector. Refinancing is permitted only for the principal portion of eligible original debt; accumulated interest, charges and fees cannot be refinanced. The circular takes immediate effect.
SEBI has expanded the permissible use of fresh borrowings by InvITs where net borrowings exceed 49% of InvIT asset value. The borrowings may now be used for capital expenditure to enhance asset performance or augment capacity, for major maintenance expenses in road projects, and for refinancing debt by the InvIT, SPV or Holdco. Major maintenance is limited to non-routine maintenance required under the concession agreement, and road project is confined to the notified roads and bridges infrastructure sub-sector. Refinancing is permitted only for the principal portion of eligible original debt; accumulated interest, charges and fees cannot be refinanced. The circular takes immediate effect.
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