SEBI brings all Passive Breaches under one rebalancing framework
Timelines for Rebalancing of Portfolios of Mutual Fund Schemes revised to encompass all Passive Breach categories.
Mutual Funds
SEBI inserts Chapters on Specialized Investment Fund and Mutual Funds Lite in Mutual Funds Regulations
Among other amendments, the 2024 Regulations have made changes in the eligibility criteria for approval of applications and included provisions related to investment of money collected under investment strategies of Specialized Investment Fund.
Delhi High Court grants bail to Chief Business Strategy Officer of IL&FS Securities Services Ltd. in Dalmia Cements fraud case
Chief Business Strategy Officer was a clearing agent and thus, his job was not that of a stockbroker but merely of acting as a facilitator between the stock exchange and the broker.
Provisions for ‘market abuse’ and ‘mechanism for identification of market abuse’, introduced vide SEBI (Mutual Funds) (Second Amendment) Regulations, 2024
Apart from provisions for market abuse, the 2024 Amendment Regulations also direct asset management companies to establish a whistle-blower policy which must provide a confidential channel to raise concerns about fraud, unfair practices, etc.
SEBI modifies ‘Restrictions on Investments’ vide SEBI (Mutual Funds) (Amendment) Regulations, 2024
The SEBI (Mutual Funds) (Amendment) Regulations, 2024 amends the Seventh Schedule of the 1996 Regulations.
SEBI issues Master Circular for Mutual Funds rescinding 16 circulars
This Master Circular for Mutual Funds includes all previous guidelines/directions that were included in the Master Circular dated 19-05-2023.
FinFluencers — From the Lens of SEBI
by Prachi Pandya* and Shaili Dhulia**
SEBI lays down Obligations of Asset Management company vide Mutual Funds Regulations, 2023
On 27-6-2023, the Securities and Exchange Board of India (‘SEBI’) notified the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations,
Sponsors which invest in various companies on behalf of the beneficiaries of insurance policies excluded from the definition of ‘Associate’ vide SEBI (Mutual Funds) (Second Amendment) Regulations, 2022
The Securities and Exchange Board of India has made SEBI (Mutual Funds) (Second Amendment) Regulations, 2022 to further amend the Securities and
SEBI issues Risk Management Framework for Mutual Funds
The Securities & Exchange Board of India has revised the Risk Management Framework (RMF) for Mutual Funds vide circular dated September 27,
SEBI | Carrying out mutual funds with DGP scheme and an Investment Adviser but with no registration | Orders to pay the amount along with several other restrictions
Securities Exchange Board of India (SEBI): G Mahalingam, Whole Time Member, considering the factual chain and evidences directed the Noticees to cease
Consent by majority of unit holders necessary when trustees decide to wind up Mutual Fund Scheme; SEBI (Mutual Funds) Regulations not arbitrary; Reg. 53 is ‘grey area’: SC in sequel to Franklin Templeton matter
Supreme Court: In a sequel to its earlier order directing winding up of six mutual fund schemes of Franklin Templeton Mutual Fund,
Decoded | SEBI bars Director of Franklin Templeton AMC, wife from accessing securities markets for 1 yr: Can redemption of units by Director of a mutual fund AMC be titled as fair conduct?
Securities Exchange Board of India (SEBI): G. Mahalingam (Whole Time Member) held that while directors are not prohibited from trading in units
E-voting for winding up of Franklin Templeton’s 6 units valid; Consent of unitholders is consent by majority of unitholders who participated in the poll: Supreme Court
Supreme Court: In the case relating to winding up of six schemes of the Franklin Templeton Mutual Fund, the bench of SA
Bom HC | RBI Circulars granting moratorium on loan repayment does not apply to mutual funds and debentures
Bombay High Court: A Division Bench of R.D. Dhanuka and V.G. Bisht, JJ., held that the RBI Circulars dated 27th march, 2020 and
Investment in units of Mutual Funds in the name of minor through guardian and ease of process for transmission of units
In order to bring about uniform processes across Asset Management Companies (AMCs) in respect of investments made in the name of a
SEBI issues circular on disclosure of executive remuneration by Mutual Funds/Asset Management Companies
Circular on Mutual Funds [SEBI/HO/IMD/DF2/CIR/P/2017/35 dated April 28, 2017] 1.Please refer to SEBI Circular No. SEBI/HO/IMD/DF2/CIR/P/2016/42 dated 18 March 2016. 2.In partial
Requirements for Mutual Funds Investment
The Securities and Exchange Board of India (SEBI) is mandated to protect the interests of investors in securities, and to promote the