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CAM played crucial role, provided comprehensive legal counsel and strategic guidance to ensure the successful execution of the transaction.
Through the 2024 Amendment Regulations, changes have also been made to the ‘Conditions for Category I and II Alternative Investment Funds.
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.
The 2024 Regulations have amended various provisions of the 2018 Regulations including provisions for disclosure of shareholding patterns and the constitution of Core Settlement Guarantee Fund Committee.
Cyril Amarchand Mangaldas (CAM) advised Vedanta Limited on a qualified institutions placement (“QIP”) of its equity shares, aggregating to INR 8500 crores.
by Vaibhav Singh†, Radhika Indapurkar†† and Manas Kotak†††
The Committee shall identify the number of investors and database of investors, and also determine the amount to be refunded to each investor. An Escrow Account with a bank designated by SEBI, shall be opened and all sale proceeds shall be deposited in that interest-bearing account.
As per the Regulations, the manager may offer unit-based employee benefit scheme based on the units of Real Estate Investment Trusts subject to compliance with Chapter IVA.
Previously, ‘liquid asset’ included low-risk assets such as cash, fixed deposits, government securities, treasury bills, and repo on government securities.
The 2024 Regulations amend the obligations of the issuers to include fixing a record date for payment of interests, dividends, etc.
The 2024 Regulations have been notified to modify Regulation 52 of the 2015 Listing Obligations and Disclosure Requirements issued by SEBI.
A Master Circular in the form of a compilation of provisions of all relevant circulars for surveillance of securities market was last issued on 23-03-2023.
The SEBI (Mutual Funds) (Amendment) Regulations, 2024 amends the Seventh Schedule of the 1996 Regulations.
The 2024 regulations have been notified to amend certain provisions of Chapters I and II in the 2003 regulations.
The amendment has been notified to insert institutional mechanism for the prevention and detection of fraud or market abuse.
This Master Circular for Mutual Funds includes all previous guidelines/directions that were included in the Master Circular dated 19-05-2023.
by Mythri Murali*
by Shuchi Agrawal† and Snigdha Kajaria††
SEBI (Foreign Portfolio Investors) (Amendment) Regulations, 2024 notified
SEBI notifies SEBI (Infrastructure Investment Trusts) (Amendment) Regulations, 2024.