IFSCA clarified that a common brand name by itself is sufficient to establish a Group Entity relationship under the ship leasing framework. No equity holding or other corporate linkage is required for this purpose.
SEBI clarified that renewable energy projects awarded through tariff-based competitive bidding by government entities qualify as PPP projects under InvIT Regulations. The ruling highlights that projects involving public authorities and private SPVs with risk allocation under PPAs satisfy PPP requirements.
IFSCA clarified that IFSC Banking Units can avail voice broking services from registered TechFin and Ancillary Service Providers. The guidance aligns voice broking permissions with the IFSCA Banking Handbook and 2025 regulations.
SEBI clarified that clients under Non-Discretionary PMS can pledge securities held in their demat accounts for personal borrowing. The regulator held that such pledging does not amount to borrowing by the portfolio manager as long as the decision is entirely client-driven.
SEBI clarified that only a body corporate can act as a sponsor under MF Regulations 2026. A family trust, not being a body corporate, is ineligible.
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 clarified that a cousin does not fall within the statutory definition of a relative under the Companies Act and LODR Regulations. Therefore, a cousin of a promoter-group member may be eligible for appointment as an Independent Director, subject to other conditions.
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.
