While it has not been explicitly restricted in AIF Regulations that the sharing of loss by a class of investors shall not be less than pro rata to their holding in the AIF vis-à-vis other classes of investors/unit holders, it has been brought to SEBI’s attention that certain schemes of AIFs have adopted a distribution waterfall in such a way that one class of investors (other than sponsor/manager) share loss more than pro rata to their holding in the AIF vis-à-vis other classes of investors/unit holders, since the later has priority in distribution over former (‘priority distribution model’).
PFRDA had enabled multiple modes of digital on boarding into NPS through Digi Locker Issued Documents, Aadhaar e KYC/XML and PAN/Bank account.
Seeking of comments / feedback on the XBRL being introduced for submission of Announcements pertaining to: One time settlement (OTS)/Inter-Creditors Agreement, Agreements which are binding and not in normal course of business, revision(s) or amendment(s) and termination(s) thereof, Fraud / Defaults by promoter or key managerial personnel or by the listed entity or arrest of key managerial personnel or promoter
Mandatory furnishing of correct and proper information of ineligible / blocked Input Tax Credit and reversal thereof in return in FORM GSTR-3B – instructions
This circular contains the operational aspects with reference to scheme(s) of arrangement by entities who have listed their NCDs/ NCRPS.
SEBI Guidelines for AIFs for declaration of first close, calculation of tenure and change of sponsor/manager or change in control of sponsor/manager
All Regional Offices are requested to re-fix the Annual average export obligation for EPCG Authorizations for the year 2021-22 Reduction, if ally, in the EO should be appropriately endorsed in the licence file of the Office of RA as also in the amendment sheet to be issued to the EPCG Authorisation holder.
General Insurers are advised to consider capturing / collecting HPR ID as a verification to validate / authenticate medical practitioners while issuing / renewing policies for Medical Malpractice under Professional Indemnity cover.
As part of the operational risk management, these MIIs are required to set up Disaster Recovery (DR) site to provide essential facilities and perform systemically critical functions relating to trading, clearing and settlement in securities market during any unforeseen circumstances.
PFRDA provides digitally enabled exit solutions for its Subscribers through Aadhaar / Two Factor Authentication (2FA). Under NPS, the Subscribers at the time of exit can avail of a defined amount as a lump sum and the balance amount has to be utilized for the purchase of immediate Annuity from the empanelled Annuity Service Providers (ASP)
