SEBI clarifies that the broad-based fund requirement applies at the scheme level for AIFs. This ensures accurate investor composition and stricter compliance for AMCs.
The issue involved whether clients could simultaneously receive advisory and distribution services. SEBI clarified that strict segregation is mandatory, ensuring no overlap to prevent conflicts of interest.
SEBI ruled that conversion of warrants leading to acquisition beyond the 5% creeping acquisition limit triggers mandatory open offer obligations under takeover regulations.
SEBI’s informal guidance confirms that corporate governance compliance reports must reach the full Board. Delegation to committees alone does not meet statutory disclosure requirements.
SEBI clarified that pledging/revoking a pledge is a ‘trade’ under PIT Regulations. Revocation and subsequent sale of ESOS shares to repay a loan are not contra trades if bonafide.
CBDT circular on C&AG report findings. Directs AOs to verify land records, sales, and expenses to ensure correct exemption of agricultural income.
DoPPW clarifies that Enhanced Family Pension is payable for 7 years or until the deceased would have reached 67 years, whichever is less, applicable to all cases.
The DoPPW clarified rules for family pension in cases involving two wives under CCS (Pension) Rules, 2021, directing departments to follow legal consultation before settling such claims.
DoPPW clarifies that gratuity under CCS (Payment of Gratuity under NPS) Rules, 2021 is payable only upon retirement/absorption, not standard resignation, which forfeits past service.
DoPPW clarified that enhanced gratuity ceiling of ₹25 lakh under CCS (Pension) Rules, 2021 applies solely to Central Government civil servants, not to PSUs, Banks, or Autonomous Bodies.
